
The CVCA annual conference is the premiere networking and professional development event for Canada’s venture capital and buyout industry and repeatedly attracts over 550 industry professionals and influencers from across the country, the U.S. and around the world.
LINK TO ON-LINE REGISTRATION
LINK TO 4 PAGE FLYER & REG FORM IN PDF
The Theme
Canada's private equity and venture capital industry is a key driver of innovation and job creation in high-growth sectors ranging from digital media and information and communications technologies to life sciences, clean technology, advanced manufacturing, and transportation. As the world emerges from the financial crisis, institutional investors, private equity and venture capital firms, and entrepreneurs are adapting to a changing economic, financial and regulatory landscape. In response, new innovative models and strategies for creating value are emerging.
The Attendees
CVCA Annual Conference attendees represent close to 600 industry leaders from around the world. They return year after year for the invaluable benefits of networking and topical issues presented. Participants and sponsors at this prestgious event include:
Institutional & Corporate Investors
Buyout Investors
Venture Capitalists
Investment Bankers and Intermediaries
Service Providers
Security Exchanges
Government and Academia
The Program
The conference will kick off with a welcome cocktail event on the Wednesday evening and include a Gala dinner on the Thursday featuring the CVCA’s “Entrepreneur of the Year” Award presentation and entertainment by Rick Mercer followed by our popular scotch-tasting networking event. We also offer attendees an optional golf day on Wednesday at The Marshes, one of Ottawa's premiere courses.
| WEDNESDAY MAY 26, 2010 |
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| 9:00 a.m. – 3:00 p.m. |
Golf Event and Reception
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The Marshes Golf Club at the Brookstreet Resort, Ottawa, Ontario |
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| 3:00 p.m. – 7:00 p.m. |
Conference Registration
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| 5:00 p.m. – 7:00 p.m. |
| Welcome Cocktail Reception |
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| THURSDAY MAY 27, 2010 |
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| 7:00 a.m. – 8:10 a.m. |
Breakfast Buffet
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| 8:10 a.m. – 8:30 a.m. |
Welcoming Remarks by 2010 Conference Chair:
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David Adderley, Partner, Celtic House Venture Partners |
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President's Address:
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Gregory Smith, President, CVCA |
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| 8:30 a.m. – 9:30 a.m. |
Session 1 – Back to the Future: Change and Innovation in the PE & VC Industry
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This panel will explore the evolving reality of the private equity business from the supply-side of the buyout and venture capital industry. Leading North American pension funds and Fund-of-Funds will share their perspectives on how institutional investors are adapting to the changing economic, financial and regulatory landscape. Topics addressed will include how their respective organizations are evolving their thinking on asset allocations, the direct versus fund-of-funds investment approach, and new innovative models and strategies for creating value. |
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Moderator: Rick Nathan, Managing Director, Kensington Capital Partners Limited
Panelists:
Paul Renaud, CEO, OMERS Private Equity
Mark Wiseman, Executive Vice-President, Investments, CPP Investment Board
Brooks Zug, Senior Managing Director, HarbourVest Partners
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| 9:30 a.m. – 10:30 a.m. |
Session 2 – The Role of the Government in the Private Equity Industry |
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In the wake of the recent financial crisis, governments have started to play an increasingly important role in the buyout and VC industry, from more regulation of buyout firms through to directly and indirectly providing venture capital to entrepreneurial companies to help support innovation, employment and growth. What positive evidence is there to support a long-term and sustainable government involvement in the PE industry? How do we compare the potential returns from the government’s direct participation or indirect participation in the industry via Fund-of-Funds versus more traditional government funding of R&D and its commercialization? This session will discuss the role of government in the PE Industry in North America, some early results and the main trends. |
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Panelists:
Janie C. Beique, Senior Vice-President, New Economy, Fonds de solidarite FTQ
Dale Botting, Chief Executive Officer, Enterprise Saskatchewan
Gilles Duruflé, Independent Consultant
George Ross, Deputy Minister, Ministry of Research and Innovation and Ministry of Consumer Services
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| 10:30 a.m. – 11:00 a.m. |
Coffee / Networking Break
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| 11:00 a.m. – noon |
Session 3 – Open Mobile: Innovation and Socioeconomic Impact
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Increased adoption of mobile devices and a movement towards Open Mobile platforms are transforming the global economy. Mobile devices are used more widely than ever and for purposes well beyond telephony. Open “smart phones” are interoperable across devices, applications, money, content, geographies, service providers, and networks, and allow businesses to compete through innovation and differentiation. This panel will discuss the impact of the exponential growth in user adoption of mobile devices on a broad range of sectors in the global economy including publishing, banking, digital content, gaming, point of sale, mobile money and other sectors. |
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Panelists:
Matt Golden, Partner, BlackBerry Partners Fund
Vince Kadar, President, Telepin Software
Alek Krstajic, CEO, Public Mobile
Geoff Perfect, Head of iPhone Sales, Apple
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| noon – 12:30 p.m. |
Luncheon Keynote Speaker
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Glenn Hutchins, Co-Founder and Co-Chief Executive, Silver Lake Partners
Mr. Hutchins is a co-founder of Silver Lake and Co-Chief Executive. He has spent his business career investing in the most rapidly growing and dynamic companies in the U.S. and around the world. Mr. Hutchins is Chairman of the Board of SunGard Corp., and a director of the NASDAQ OMX Group, Inc. Previously, he was Chairman of Instinet, Inc., and a director of TD Ameritrade Holding Corp., Seagate Technology, MCI, Inc., Gartner, Inc. and Sabre, Inc. |
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| 12:30 p.m. – 1:50 p.m. |
Lunch |
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| 1:50 p.m. – 2:50 pm |
Session 4 – The LP and GP Relationship: Time for a New Model? |
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The financial crisis and the volatility across all asset classes have created challenges for the traditional LP-GP model in the buyout and VC industry. This session will address how the LP-GP relationship is changing, including new and evolving models. What can we learn from recent history and how should the relationship evolve when the next funding cycle boots back up? Beyond the current industry reassessment of standard terms & conditions, which basic principles should be at the foundation of that relationship? How do we prevent the best managers from racing off to misaligned investment models? This panel will directly address these issues in a very practical manner. |
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Moderator: Paul Kedrosky, Senior Fellow, Kauffman Foundation
Panelists:
Jacques Bernier, Managing Partner, Teralys Capital
Daniel Dupont, Partner, Coller Capital
Gordon Hargraves, Partner, Rho Fund Advisors
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| 2:50 p.m. – 4:00 p.m. |
Concurrent Session 5A – Buyout – The Evolving Private Equity Landscape
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There are many changes occurring in market factors that impact the private equity deal environment. Examples include uncertain economic forecasts, public market volatility, changing leverage availability and terms, and currency fluctuations. These unique challenges have had their impact on how private equity firms have dealt with their existing portfolios and how seek for and structure new transactions. Senior private equity professionals from leading PE firms will give their views on the degree to which these challenges have impacted their business, and how they anticipate their future investment activities will differ from the past |
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Moderator: Andrew Willis, Business Columnist, The Globe and Mail
Panelists:
Benjamin Ball, Managing Director, Francisco Partners
Michael Phillips, Managing Partner, Apax Partners
Andrew Sheiner, Managing Director, ONEX
Michael Wilson, Managing Director, TA Associates
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| 2:50 p.m. – 4:00 p.m. |
Concurrent Session 5B – VC – Bringing Innovation to Innovation
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For venture capitalists and their portfolio companies, success goes to the most innovative: those with the best ideas and the talent to execute on them. In a rapidly evolving world, technological change and disruptive economic and social forces require companies to bring innovation to innovation, generating ideas and accessing talent in fundamentally new ways. By developing new models of innovation, such as crowdsourcing and social innovation, the most innovative companies now tap the “wisdom of crowds” to collaborate with communities of customers, suppliers, and other stakeholders. Innovators also find ways to access a global pool of talent and unleash entrepreneurial energy. This diverse panel will feature leaders pioneering a new world of innovation, collaboration, and virtual work. Learn how to capitalize on these trends and create competitive advantage in your companies and target markets.
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Moderator: Robert Antonaides, Managing Director, RBC Venture Partners
Panelists:
Mark Bonchek, Chief Collaboration Officer, Spencer Trask Collaborative Innovations
Tammy Johns, Senior Vice President, Global Workforce Strategy, Manpower
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| 4:00 p.m. – 4:20 p.m. |
Coffee / Networking Break |
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| 4:20 p.m. – 5:30 p.m. |
Concurrent Session 6A – Buyout – Building Sustainable Operating Improvements Into Portfolio Companies
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Recent volatility in both lending conditions and capital markets has highlighted the pitfalls in relying on extreme leverage or multiple expansions to drive private equity returns. As a result, there is a renewed focus on driving the operating and financial performance of portfolio companies to generate top quartile returns.This panel will explore some of the techniques that private equity firms, their advisors, and management teams are using to create sustainable revenue growth and margin enhancement within investee businesses.
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Moderator: Brian Lenihan, Partner, Choate Hall & Stewart LLP
Panelists:
Richard W. Boyce, Partner, Texas Pacific Group
Stephen Corbett, Principal, McKinsey & Company, Inc.
Steve Hudson, CEO, Herbal Magic
Michael Lank, Managing Director, OMERS Private Equity
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| 4:20 p.m. – 5:30 p.m. |
Concurrent Session 6B - VC – C100: Leveraging the Canadian Experience in Silicon Valley
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C100 is a non-profit, member-driven organization dedicated to supporting Canadian technology entrepreneurship and investment. C100 is comprised of a select group of Canadians based primarily in Silicon Valley, including executives of leading technology companies, experienced startup entrepreneurs and venture capital investors. C100 members are passionate about leveraging their collective experience, expertise and relationships to help mentor and grow a new generation of successful Canadian-led technology companies. Canada has over 250,000 Canadians in the Bay Area, including leaders in every major technology company. C100 is focused on turning “brain drain” into one of Canada’s most valuable national assets. The panel will discuss the launch of C100 in Canada, their perspectives as Canadian entrepreneurs in Silicon Valley, and public policy ideas to make innovation in North America happen with less friction. |
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Moderator: Chris Albinson, Managing Director, Panorama Capital
Panelists:
Katherine Barr, Partner, Mohr Davidow Ventures
Shaherose Charania, Chief Executive Officer & Co-Founder, Woman 2.0
Matthew Clark, Senior Director, Start-up Engagement SEBT, Microsoft
Stephane Dupont, Director, UBS Global Asset Management
Troy Young, President, VideoEgg
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| 6:30 p.m. – 7:30 p.m. |
| Gala Cocktail Reception |
Sponsored by

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| 7:30 p.m. – 9:30 p.m. |
| Gala Dinner |
Sponsored by

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CVCA's 'Entrepreneur of the Year' Award Presentation & Entertainment, featuring Rick Mercer
'My Adventures in Canadian Television: an Evening with Rick Mercer'
Rick Mercer chronicles, satirizes, and ultimately celebrates all that is great and irreverent about this country. Known as "Canada's Unofficial Opposition," Mercer is our most popular comic, a political satirist who knows exactly what matters to regular Canadians and what makes them laugh.
In his hilarious, standing room-only keynotes (he is perhaps Canada's most requested speaker), Mercer draws on the best moments from his show, taking you behind the scenes of classic Canadian moments, including his Talking To Americans specials, and much more. On full display is his understanding of what delights, and occasionally enrages us about our politicians, our media, our neighbours to the south, our unique pop culture, and our place in the world.
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| 9:30 p.m. – midnight |
| Scotch-Tasting ‘Whiskies of the World" |
Sponsored by

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FRIDAY MAY 28, 2010
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| 7:00 a.m. – 8:00 a.m. |
Breakfast Buffet
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| 8:00 a.m. – 8:10 a.m. |
Opening Remarks
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| 8:10 a.m. – 9:20 a.m. |
Concurrent Session 7A - Liquidity: What Does the Future Hold?
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We have seen some recent tentative steps towards growing public market activity levels for buy-out and venture capital backed companies. What will hold for the remainder of 2010 and into the future? Will we continue to see growth in the number of public market exits? What does the market look like for potential larger cap PE-backed exits in Canada and the United States and internationally? What options are available to smaller cap VC-backed companies? What are public market investors looking for? This panel will address what opportunities may available and what we can expect. |
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Moderator: Ian Palm, Partner, McCarthy Tetrault LLP
Panelists:
Ungad Chadda, Senior Vice President, Toronto Stock Exchange
Erik Charbonneau, Director, Investment Banking, Head of Equity Capital Markets, Canada , Credit Suisse Securities ( Canada )
Mathew F. Hein, Managing Director, Investment Banking Division, Morgan Stanley
John Sherrington, Vice-Chairman, Global Head Private Equity, Scotia Capital
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| 8:10 a.m. – 9:20 a.m. |
Concurrent Session 7B – Innovative Approaches to Emerging Markets; China & India
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This panel will discuss the opportunities open to buyout and venture capital firms and their portfolio companies in both China and India, and why these regions are ignored at an enterprise’s peril. This diverse panel of experts with direct experience operating in China and India will discuss innovative approaches being used by firms to take advantage of opportunities in these regions, from fundraising to partnerships to sales and outsourcing. The panel will highlight proven successful approaches, as well as common mistakes. |
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Moderator: Jennifer Brooy, Vice-President and Head of Equity, Export Development Canada
Panelists:
Clarence J. Chandran, Chairman, Walsingham Fund, and former COO of Nortel Networks
Duncan Clark, Chairman, BDA (China) Limited, and Vice-Chairman of the British Chamber of Commerce in China
David Gong, Venture Partner, Tsing Capital, and prior Secretary General and a board member of US-China Green Energy Council
Steven Wisch, Co-Founder and Managing Partner, India Equity Partners, and Board Member of the U.S. – India Business Council
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| 9:20 a.m. – 10:30 a.m. |
Concurrent Session 8A – Buyout – Current Update on Debt Markets
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Availability and terms of financing have fluctuated rapidly in the past two years. Our panel of decision makers representing every major source of debt capital will explore current trends and outlook. Areas of focus will be new capital commitments, refinancings and portfolio management strategies.
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Moderator: Rob Olsen, Partner, North American Leader - Capital Advisory, Deloitte
Panelists:
John Bradlow Managing Partner, Penfund
Keith Cressman, Managing Director, Head of Private Debt, SunLife
Laura Dottori-Attanasio, Global Head, Corporate Credit Products, CIBC
Bruce Dunlop, Vice President, Export Development Canada
Richard Kinlough, Managing Director and Group Head, CIT Corporate Finance, Canada
Pascal Proulx, Director Asset Based Lending, RBC Capital Markets
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| 9:20 a.m. – 10:30 a.m. |
Concurrent Session 8B – VC – Founders and Entrepreneurs Panel – Breeding Success
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Cultivating, promoting and driving innovation in any business can be a challenge. Private equity and venture capital investors have backed many entrepreneurs who have successfully led innovative businesses. Each of our panelists has been recognized for building and growing one or more very successful businesses in Canada. Drawing upon their hands-on experience, our panel will provide insight and some lessons learned for the next generation of entrepreneurial businesses and their investors.
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Moderator: Elizabeth Walker, Partner, Oslers, Hoskin & Harcourt LLP
Panelists:
Dave Caputo, President & CEO, Sandvine
David Graves, Chairman and Chief Executive Officer, IMRIS
Osama Arafat, CEO, Q9 Networks
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| 10:30 a.m. – 11:00 a.m. |
Coffee / Networking Break
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| 11:00 a.m. – 12:15 p.m. |
Session 9 – LP Panel – Fundraising in Today's Market
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A panel of institutional LPs will discuss today’s fundraising environment, what qualities LPs are looking for in GPs, what types of strategies the LPs are focused on, and common mistakes made by GPs in raising money.
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Moderator: Stuart Waugh, Managing Partner, Northleaf Capital Partners
Panelists:
John Breen, Vice President and Head of Funds & Secondaries, CPP Investment Board
Clinton P. Harris, Co-Founder and Managing Partner, Grove Street Advisors
B. Timothy O'Gara, Principal, Shannon Advisors
Mario Therrien, Senior Vice-President, Funds, Private Equity, Caisse de dépôt et placement du Québec
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12:15 p.m. – 12:30 p.m.
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Closing Remarks
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| 12:30 p.m. – 2:00 p.m. |
Networking Lunch |
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Porter Airlines is offering CVCA 2010 conference attendees a 10% discount on all fare classes. Porter offers free in-flight snacks and beverages (including beer and wine). The discounted fares are available from May 24 to May 30, 2010. Please book online at http://www.flyporter.com/ or call 1- 888-619-8622 using the promo code VCPEA10.
Sponsorship Opportunities
If you are looking to increase your company’s exposure in Canada’s private equity and venture capital industry, look no further than sponsorship at The CVCA Annual Conference. Link to descriptions of sponsor packages. To find out what packages are available, please contact Lauren Linton, CVCA's Director of Marketing.
Accommodation: The Westin Ottawa, (11 Colonel By Drive, Ottawa, Ontario K1N 9H4)
Conference attendees wishing to stay at The Westin Ottawa must book directly with the hotel. (Note: Conference Registration does not include accommodation.) CVCA has contracted a limited room block. Negotiated rates are available only while supply lasts, with guestroom rates of $249.00 to $354.00 (pre taxes) per night. Our room block will be released for public sale on May 3rd, 2010. Any rooms remaining in CVCA's block after May 3rd, 2010 will be released, at which time you risk a higher room charge or a "sold out" hotel, so we encourage you to book your hotel accommodation quickly.
Please call toll-free at 1-800-WESTIN1 (1-800-937-8461) or directly at 613-560-7000 and reference "GGE30A" or the 2010 CVCA Annual Conference, May 26 - 28, 2010. You may also book online at CVCA 2010 Annual Meeting (OR copy and paste the following link into a web browser) http://www.starwoodmeeting.com/StarGroupsWeb/res?id=0912226342&key=362B2
GOLF DAY – WEDNESDAY MAY 26, 2010
A special opportunity for a limited number of conference attendees to mix networking with a round of golf at The Marshes (www.brookstreet.ca/golf/ ). The Marshes is a championship Robert Trent Jones II course and is Ottawa's leading corporate-play facility, bringing one of the Nation's finest golf experiences to the very doorstep of the city's thriving business community. Located in the heart of Silicon Valley North, The Marshes features breathtaking fairways, gentle streams and crystal-blue lakes weaving through modern towers of glass and steel—all against the distant backdrop of the Gatineau Hills. Bus transfer to and from The Westin Ottawa, departing for the course at 7:00 a.m. with estimated travel time of 30 minutes to 1 hour. Tee-off at 8:00 a.m., estimated return time to hotel of 3:00 p.m. The golf registration fee is $183.50, which includes green fees, power cart, bus transfers, food and beverage. Limited spots have been secured so you need to register by April 28, 2010, as any remaining spots will be open to the public after that date. If you are interested in a specific foursome grouping, please note your teammates at the time of registration to Nicole (nbanville@celtic-house.com). Alternatively, groupings will be done randomly.
To arrange for club rentals, contact the Pro Shop directly at 613-271-3530. Cost for VIP Premium rentals is $50 + taxes and should be arranged by April 28, 2010.
Organizing Committee
David Adderley (Celtic House Venture Partners)
Chris Albinson (Panorama Capital)
Chris Arsenault (iNovia Capital)
Ross Bricker (AVAC Ltd.)
Glenn Egan (Business Development Bank of Canada)
Ralph Goldsilver (Meyers Norris Penny LLP)
Lauren Harris (Northleaf Capital Partners)
Doug Hewson (Portland Private Equity L.P.)
Kelly Holman (Genesys Capital Partners)
Steve Hnatiuk (Yaletown Venture Partners)
Jane Knop (CPPIB)
Eric Legault (Teralys Capital Fund)
Lauren Linton (CVCA)
Michael Machabee (EDC)
Michael Mazan (Birch Hill Private Equity)
Andre Mousseau (EdgeStone Capital Partners)
Sandra Novotni (Business Development Bank of Canada)
Jim Orlando (OMERS)
Ian Palm (McCarthy Tétrault LLP)
Richard Rémillard (CVCA)
Russ Rodrigues (Canada Pension Plan Investment Board)
Kathryn Ryan (CVCA)
Michelle Scarborough (OCRI)
Sunil Sharma (CVCA)
2010 SPONSORS:
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BREAKFAST SPONSOR
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BLACKBERRY CHARGING
STATION SPONSOR
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