Canada's Venture Capital and Private Equity Association
Home
About CVCA
News
Events
Membership
Resource Centre
Job Postings
Members Area Login


CVCA Annual Conference - May 25-27, 2011 Vancouver, BC - The Westin Bayshore Hotel

 

The CVCA annual conference is the premiere networking and professional development event for Canada’s venture capital and private equity industry and repeatedly sells out with over 650 industry professionals and influencers from across the country, the U.S. and around the world. 

UPLOAD THE CONFERENCE MOBILE APP
for the agenda, speakers, bios and to send messages to other attendees, etc LINK TO INSTRUCTIONS

LINK TO PHOTOS FROM THE CONFERENCE

SPEAKER PRESENTATIONS NOW POSTED. Go to Session
for link to presentation. 

The Theme of CVCA 2011 reflects the realities and priorities of Canada's venture capital and private equity industry today: Renewal. Relationships. Returns. Renewal of commitment, investment and resolve. Relationships - built on trust - are the key ingredient to taking-on challenges and capitalizing on opportunities. Returns are the reason we are all in business.

Networking Opportunities are important to you. CVCA 2011 offer attendees an optional golf day on Wednesday, May 25th, and other West Coast recreation options (stay tuned!) for all you non-golfers. A welcome cocktail event kicks-off our first evening. A dedicated Networking Lounge, as well as reserved private meeting rooms, are available to delegates during all conference hours. Thursday's programme will conclude with a Gala dinner featuring CVCA’s “Entrepreneur of the Year” Award presentation, followed by our popular whisky and port tasting event.

Attendees return year after year for the invaluable benefits of networking with key industry leaders and for the topical issues presented and discussed. Participants and sponsors at this prestigious event include the following: Private Equity Investors ● Venture Capitalists ● Limited Partners ● Institutional & Corporate Investors ● Investment Bankers/Intermediaries ● Placement Agents ● Security Exchanges ● Government & Academic Institutions ● Specialized Service Providers: Legal, Accounting, Financial, Insurance & Executive Search Advisors.

The Agenda explores the timely topics that are central to driving forward in Canada's venture and private equity industry. Full conference sessions, and dedicated break-out sessions for PE and VC, will dive into the challenges, changes, and opportunities in the current fundraising, investing, and exit environments.


WEDNESDAY

 MAY 25, 2011
 
 
6:15 a.m. – 3:00 p.m.
Golf Event and Reception at Morgan Creek Golf Club  sponsored by
Lawson Lundell  
Buses depart the hotel at 6:15 am sharp and return at approximatley 3:00 pm
   
3:00 p.m. – 7:00 p.m.


3:30 p.m. - 5:00 p.m.

Conference Registration in Grand Ballroom D



Women in Private Equity Netwoking Reception in Marine Room

   
5:00 p.m. – 7:00 p.m.
Welcome Cocktail Reception in Grand Ballroom FE   

 Sponsored by
RBC Royal Bank

                                                                  
   

THURSDAY

  MAY 26, 2011
 
 
7:00 a.m. – 8:00 a.m.

Breakfast Buffet in Stanley Park Ballroom

   
8:00 a.m. – 8:05 a.m.

Welcoming Remarks in Bayshore Grand Ballroom ABC:
Steve Hnatiuk, Chair, 2011 CVCA Annual Conference

 
8:05 a.m. - 8:20 a.m. President's Address in Bayshore Grand Ballroom:
Gregory Smith, President, CVCA and Managing Partner, Brookfield Financial

LINK TO SPEECH
8:20 a.m. - 8:30 a.m. Message from the Premier
The Honourable Christy Clark, Premier of British Columbia
 
   
8:30 a.m. – 9:30 a.m.

Session 1 in Bayshore Grand Ballroom ABC – Major North American LPs & Fund of Fund Managers Speak out on Renewal, Asset Allocation, and the Current Evolution of the Private Capital Business

 

This panel brings together leading institutional investors for a real time discussion of where global capital is flowing in today’s markets. The rise of the Canadian dollar, solid economic recovery and proven stability of our financial system have changed the perception of Canada internationally. How is this affecting international investors as they look to the private markets? What is the current view of private equity and venture capital relative to other asset classes? Are large institutions increasing allocations, and to what extent are they continuing to move into direct investing away from investing in funds. Are large institutions reducing or increasing their number of private equity relationships in 2011? What is the current view of venture capital among these big players?

Moderator: Rick Nathan, Managing Director, Kensington Capital Partners Limited

Panelists:
Leo de Bever, CEO and Chief Investment Officer, Alberta Investment Management Corporation (AIMCo)
Barry Gonder, Managing Partner, Grove Street Advisors, LLC
Doug Pearce, CEO and Chief Investment Officer, British Columbia Investment Management Corporation (bcIMC)
Maurício da Rocha Wanderley, CIO, Valia

   
9:30 a.m. – 10:30 a.m. Session 2 in Bayshore Grand Ballroom ABC –Industrial Disruption at Warp Speed - Zero to Billions / Billions to Zero
 

This panel will discuss the rise of companies like Zynga, Facebook, Federated, Amazon, Apple, Google, Groupon, and PayPal that have grown to billions in revenue in recent years.   In stark contrast, traditional media industries have declined equally dramatically in the face of new business models fuelled by wide-spread adoption of technology across business and consumer markets. The conversation is now shifting to what industries are next - yellow pages, banking, law firms, ad agencies, retail, carriers - to name a few.   Where some see threats, others see opportunities.  Is it market and wealth creation or market and wealth destruction and transition?

LINK TO SESSION SLIDES

Moderator: Chris Albinson, Managing Director, Panorama Capital

Panelists:
Deanna Brown, CEO, Federated Media Publishing Inc.
Albert Dobron, Managing Director, Providence Equity Partners LLC
Matt Klainer, Business Development Manager, Google
Tuomo Sipila, Senior Manager, Business Development, Nokia

   
10:30 a.m. – 11:00 a.m.

Coffee / Networking Break in Ballroom Foyer

   
11:00 a.m. – noon

Session 3 in Bayshore Grand Ballroom ABC  – Liquidity Crisis & Liquidity Renewal: The Current Exit Environment

 

After the IPO window briefly re-opened in late 2009 and early 2010, the IPO market has been tepid in the face of a huge pent-up demand for liquidity from PE and VC-backed companies. However trading activity on secondary marketplaces like SecondMarket and SharesPost, which specialize in the trading of illiquid private company securities, has been brisk among high-flying start-ups such as Facebook, Zynga and Groupon. On the M&A side, established companies are sitting on large cash reserves but face pressures to accelerate growth, all pointing to a more healthy M&A environment. This panel will address the current exit environment and what lies ahead, tackling topics such as: Is liquidity through secondary sales versus M&A a wave of the future or simply a one-off event? Will the IPOs of LinkedIn and Twitter open the floodgates for tech IPOs? Will M&A activity continue to accelerate into 2012? What does the market look like for potential larger cap PE-backed exits in Canada, the US and internationally? What options are available to smaller cap companies?

Moderator; Paul Deninger, Senior Managing Director, Evercore Partners

Panelists:
Sebastien Burdel, Principal, Coller Capital Ltd.
Alan Hibben, Managing Director, Mergers and Acquisitions, RBC Capital Markets
John McCoach, President, TSX Venture Exchange
Andrew Rippy, Managing Director - Investment Banking, Pacific Crest Securities

   
noon – 12:30 p.m.

Luncheon Keynote Speaker in Bayshore Grand Ballroom ABC - Stephen Todd Walker, Managing Director, Oppenheimer & Co., and Author of ‘Wave Theory for Alternative Investments’

 

Stephen Todd Walker is a twenty year veteran of the financial industry, having worked at Morgan Stanley and Deutsche Banc Alex Brown before joining Oppenheimer & Co. as a Managing Director in 2010. Recognized nationally by Barron’s as one of the nation’s Top 1000 advisors and locally by the Philadelphia Business Journal as one of the region’s Top 25 advisors, Walker has routinely been recognized as a thought leader in wealth management. Walker’s insight on alternative investments has been sought after by national media outlets such as CNBC and Fox Business.
Link to Stephen Todd Walker Web Site
Links to interviews: CNBC Closing Bell, BNN, Fox Business, CNBC Squawk BoxTheStreet.com 
 

   
12:30 p.m. – 2:00 p.m.
Lunch in Stanley Park Ballroom - Sponsored By
BDC

   
2:00 p.m. – 3:00 pm Session 4A (PE Stream) in Bayshore Grand Ballroom ABC– Debt in Private Equity Deals - The Current State of the Leverage Environment
 

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.

LINK TO PRESENTATION

Moderator: Andrew Luetchford, Vice President and Director, Deloitte

Panelists:
Blair Cowan, Vice-President, Corporate Finance, CIBC
Vipon Ghai, Managing Director, Manulife Capital
Mark Jenkins, Vice-President and Head of Private Debt, CPP Investment Board
Greg Woynarski, Managing Director and Head of the Global Debt Capital Markets Group and Global Co-Head of Credit Capital Markets Group, Scotia Capital

   
2:00 p.m. – 3:00 pm Session 4B (VC Stream) in Bayshore Grand Ballroom DEF– Death of Series A and Rise of the Super Angels - Myths, Reality, and is it Really Different in the VC Business Now?
 

Capital efficient business models drive many of today’s most promising technology start-ups.  A new wave of deal flow has been increasingly evident across North America’s tech clusters from the west-coast centres of Silicon Valley, Seattle and Vancouver to the eastern clusters of New York, Boston, Montreal and Toronto.   Where the new breed of IT deals are clustered, a new breed of “super angels” and smaller VC funds have rapidly emerged as key players in the early-stage investment scene.  This panel will explore perspectives on how (and whether) the VC industry is adapting to the shifting early-stage investment landscape and the entry of nimble new investors and investment models.  Think the rules have changed?  Think they haven’t?  Come join the debate.

Moderator: Bill Bryant, Venture Partner, Draper Fisher Jurvetson

Panelists:
Chris Arsenault, Managing Partner, iNovia Capital Inc.
Jeff Clavier, Founder and Managing Partner, SoftTechVC
John Ruffolo, Senior Vice-President and Head of Knowledge Investing, OMERS and CEO, INKEF Capital
Amar Varma, Managing and Founding Partner, Extreme Venture Partners
Boris Wertz, CEO, W Media Ventures

   
3:00 p.m. – 3:30 p.m.

Coffee / Networking Break

   
3:30 p.m. – 4:30 p.m.

Session 5A (PE Stream) in Bayshore Grand Ballroom ABC – The Private Equity Industry- From the Eyes of CEOs

 

This panel will explore the benefits (and the drawbacks) the Private Equity market provides, i.e. growth capital, M&A expertise, economic incentives, financial discipline and operational value-add to the industry. Leading Canadian CEO’s who have accessed the Private Equity Market for capital will share their experiences and perspectives on the PE model.

Moderator: Rod Senft, Managing Director, Tricor Pacific Capital, Inc.

Panelists:
Frank Dennis, President and CEO, Swiss Water Decaffeinated Coffee Company
Brett Hodson, President and CEO, Corix Group of Companies
Peter Luit, President and CEO, Livingston International

   
3:30 p.m. – 4:30 p.m

Session 5B (VC Stream) in Bayshore Grand Ballroom DEF– Made in Canada Venture Funds of Funds - Current and Long Term Impact of the Regional LPs

 

In recent years, a number of funds of funds have been created in Canada.  These have direct or indirect provincial government funding (100% provincial funding in some cases) and they, together with other entities such as EDC and BDC have created a fund of fund environment in Canada that is uniquely Canadian.  This panel will explore the implications of these sources of capital in the evolving Canadian VC landscape—including special requirements placed upon fund managers, how these LPs relate to traditional sources of capital such as pension funds, and how economic development interests co-exist with the investment returns imperative of private venture capital funds.  The panel will also discuss how the funding these entities have available can be leveraged to grow and strengthen the VC industry in Canada in the long term.

Moderator: Robin Louis, Past-President of the CVCA, a retired venture capitalist and an active angel investor

Panelists:
Tim April , Managing Director, Fund Investments, BDC Venture Capital
Eric Legault , Managing Partner, Teralys Capital 
Jennifer Brooy, Vice President and Head of Equity, Export Development Canada
Melissa McJannet, Managing Director, Northleaf Capital Partners
Todd Tessier, Vice President, BC Renaissance Capital Fund

   
4:30 p.m. – 5:30 p.m.

Session 6 in Bayshore Grand Ballroom ABC – Plenary – Mobile, Social and Gaming on the Future of Business

 

Technology and telecommunications is the largest sector of the US Stock Market by market value. Each wave of technology, from government systems to enterprise technology, to the Internet, has been successively larger than the previous wave. Forecasters predict that the current mobile wave will eclipse all previous ones. Companies of all stripes are grappling with how to best use the internet and mobile networks, not only to maintain pace but also to build direct linkages to new and existing customers. To talk about where this is all headed - and the implications for businesses, customers, and investors - are three leaders who are not only navigating the transition, but who are actually driving it.

Moderator: V. Paul Lee, Managing Partner, Vanedge Capital

Panelists:
Bing Gordon, Partner, Kleiner Perkins Caufield & Byers
Don Mattrick , President, Interactive Entertainment Business, Microsoft
Neil Young, CEO, Ngmoco

   
6:30 p.m. – 7:30 p.m.
Gala Cocktail Reception in Stanley Park Ballroom   

 Sponsored by
HKMB Chubb   CHUBB INSURANCE

                                                   
   
7:30 p.m. – 9:00 p.m.
Gala Dinner in Bayshore Grand Ballroom

Sponsored by 
Coller Capital

               
   
9:00 p.m. - 10:00 p.m.

CVCA's 'Entrepreneur of the Year' Award Presentation & Gala Entertainment:

HOWIE MANDEL
One of the biggest names in comedy, will entertain us after dinner. Howie Mandel has remained a constant force in show business for over 30 years. This summer he embarked on his latest endeavor as a judge on NBC's hit talent competition series "America's Got Talent" alongside Sharon Osborne and Piers Morgan. Howie recently received an Emmy nomination for "Outstanding Reality/Competition Host" for "Deal or No Deal" and a Daytime Emmy nomination for "Outstanding Game Show Host" for the syndicated version of the show.

 


  
   
   
9:30 p.m. – midnight
Scotch-Tasting Event  Tasting ‘Unique & Obscure Whiskies of the World' in Currents      

Sponsored by
 Choate, Hall & Stewart LLP

                                                                  
   

FRIDAY

MAY 27, 2011
 
 
7:00 a.m. – 8:25 a.m.

Breakfast Buffet in Stanley Park Ballroom

   
8:25 a.m. – 8:30 a.m.

Opening Remarks in Bayshore Grand Ballroom ABC

Steve Hnatiuk, Chair, 2011 CVCA Annual Conference
Jennifer Brooy, Vice President and Head of Equity, EDC

   
8:30 a.m. – 9:30 a.m.

Session 7 in Bayshore Grand Ballroom ABC – Plenary - Importing Capital - Foreign LPs in Canadian Funds

 

Canada’s political stability, robust financial system, bountiful natural resources, and innovation have captured the attention of investors from around the world.  This panel will explore how private markets focused firms have been able to capitalize on this international interest in Canada.  Discussions with Canadian General Partners who have successfully raised capital from international Limited Partners recently, as well as with their Placement Agents and their international Limited Partners themselves, will highlight lessons and opportunities for other managers interested in sourcing and successfully importing capital from outside of Canada.

Moderator: Stephen Hurwitz, Partner, Choate Hall & Stewart

Panelists:
Stephen Dent, Partner, Birch Hill Equity Partners
Kelly DePonte, Partner, Probitas Partners
Aaron Gershenberg, Managing Partner, SVB Capital
David Henderson, Managing Director , XPV Capital Corporation
Tim Kelly, Partner, Adams Street Partners

   
9:30 a.m. – 10:30 a.m.

Session 8A (PE Stream) in Bayshore Grand Ballroom ABC – New Opportunities, Continuing Challenges - Current & Future Directions in Buyouts

 

North American and global private equity markets showed signs of renewal in 2010 and early 2011, with improved liquidity conditions, higher deal volumes, and new opportunities for realizing long-held portfolio assets.  However, many investors continue to step carefully in the current environment due to the uncertain nature of economic stability and growth, growing price pressures, leverage levels and other factors.  Senior professionals from the buyout industry will share perspectives on both the prospects and challenges implicit in deal-making and other market activity at the present time, and provide insights concerning the direction of trends in the months ahead.

Moderator: Kirk Falconer, Director of Research, Private Equity, Thomson Reuters Canada

Panelists:
Susan Long McAndrews, Partner, Pantheon
Dave Mullen, CEO and Head of Private Equity North America, HSBC Capital (Canada) Inc.
Jim Orlando, Managing Director, OMERS Private Equity
Scott Stedman, Partner, The Yucaipa Companies

   
9:30 a.m. – 10:30 a.m.

Session 8B (VC Stream) in Bayshore Grand Ballroom DEF – Recent Trends and Developments out of the sale of Canadian VC-backed Businesses 

 

We have witnessed a number of recent high profile successful exits by venture-backed companies through acquisition by large corporates. Many large technology companies such as Google, Research in Motion, Microsoft, Apple and others that successfully weathered the economic downturn retain very substantial cash reserves. In their quest for ongoing renewal and innovation many of these and other companies are seeking out promising acquisition targets to foster future growth. This has been one of the more positive developments in the last couple of years within the Canadian venture capital community. The panel, including acquirers, target executives and venture capitalists, will discuss some of trends, developments and challenges arising in these transactions. The panelists will share insights into how these transactions are effectively sourced, structured, negotiated and executed.

Moderator: Ian Palm, Partner, McCarthy Tétrault LLP

Panelists:
Paul Deninger, Senior Managing Director, Evercore Partners
Mo Kermani, Vice President NetApp Inc., (Co-founder and past CEO of Bycast)
Gary Rubinoff, Managing Director, Summerhill Venture Partners
Chris Wormald, Vice President - Strategic Alliances, Research In Motion

   
10:30 a.m. – 11:00 a.m.

Coffee / Networking Break

   
11:00 a.m. -
Noon

Session 9 in Bayshore Grand Ballroom ABC – Plenary – Current Markets Insights From Leading Canadian LPs

  The fundraising environment faced by GPs of both PE and VC funds in recent years has been extremely challenging. In the past 12 months, the market has showed renewed signs of life. A panel of active Canadian institutional LPs will provide insight from the front lines of today’s evolving PE and VC environment, exploring issues such as the team qualities LPs are looking for in their managers, innovations in fund structures, secondary liquidity strategies, what types of fund offerings are of greatest appeal, and common mistakes to be avoided by GPs in both fund management and fundraising.

LINK TO PRESENTATION

Moderator: Stuart Waugh, Managing Partner, Northleaf Capital Partners

Panelists:
Jennifer Morais, Senior Principal, Funds and Secondaries, CPP Investment Board
Jim Pittman, Vice President, Private Equity, PSP Investments
Rakesh Saraf, Portfolio Manager, Private Investments, Alberta Teachers’ Retirement Fund Board
Lincoln Webb, Vice President, Private Equity & Infrastructure, BC Investment Management Corporation

   

Noon – 12:05 p.m.

Conference Chair's Acknowledgements in Bayshore Grand Ballroom

   
12:05 p.m. – 2:00 p.m.

Session 10 - Closing luncheon in Bayshore Grand Ballroom- Spotlight on Private Equity & Venture Capital in Brazil
Sponsored by

Brookfield

 























2:00 p.m.
Conference wrap-up networking luncheon featuring an opportunity to gain exposure to LPs, GPs, and leaders shaping the rapidly growing Brazilian private capital landscape. Come learn first hand about one of the Western Hemisphere's fastest growing private capital markets and meet the people driving it.

Overview:
Sidney Chameh, Chairman, ABVCAP Founder and Partner, DGF Investimentos LINK TO PRESENTATION
Martin Pose, Partner, TozziniFreire Advogados LINK TO PRESENTATION

Moderator: David Snow, Founder & CEO, Privcap

Panelists:
Miguel Ferreira, Head of International Markets, Tarpon
Tim Formuziewich, Managing Partner, Brookfield Brazil
Jennifer Morais, Senior Principal, Funds and Secondaries, CPP Investment Board
Miguel Perrotti, President, Invest Tech
Maurício da Rocha Wanderley, CIO, Valia
Duncan Littlejohn, Managing Director for Latin America, Paul Capital Partners 

      Apex Brasil                      ABVCAP

Closing Remarks


2011 Organzing Committee

Steve Hnatiuk (Chair)
David Adderley (Celtic House Venture Partners)
Chris Albinson (Panorama Capital)
Chris Arsenault (iNovia Capital)
Jacques Bernier (Teralys Capital)
Ross Bricker (AVAC)
Rob Chaplinsky (BridgeScale Capital)
Jim Charlton (GrowthWorks Capital)
Cody Church (TriWest Capital Partners)
Ralph Goldsilver (Meyers Norris Penny)
Paul Lee (Vanedge Capital Partners)
Lauren Linton (CVCA)
Joe Lucke (Tricor Pacific Capital)
Tony Morgan (Canada Pension Plan Investment Board)
Rick Nathan (Kensington Capital Partners)
Jim Orlando (OMERS)
Ian Palm (McCarthy Tetrault LLP)
Jeff Pentland (Northleaf Capital Partners)
Richard Remillard (CVCA)
Gary Rubinoff (Summerhill Venture Partners)
Kathryn Ryan (CVCA)
Rakesh Saraf (Alberta Teachers' Retirement Fund)
Sunil Sharma (CVCA)
Todd Tessier (BC Renaissance Fund)
Pascal Tremblay (Novacap)

2011 SPONSORS:


 
 BDC  

Capital IQ


Coller Capital 
 

 Deloitte & Touche LLP
 

HSBC Capital 

Export Development Canada

 
B.C. Renaissance Fund 
 HKMB HUB International      Chubb Insurance


 McCarthy Tetrault

 RBC Royal Bank of Canada



     

Alberta Enterprise Corporation

AVAC

 

B.C. Renaissance Fund

efront 

 

Lang Michener McMillan

 

Northleaf Capital Partners

 
Ontario Venture Capital Fund
 

 


Scotia Capital Inc.

 

 

TSX

 




 

Aird & Berlis LLP

Bennett Jones LLP

 


Blaney McMurtry LLP

 Bond Capital Corporation

 

Canada Pension Plan Investment Board

Chaitons LLP

CIBC
 
 comerica

Fonds de solidarite FTQ  

 Fraser Miler

Gardiner Roberts LLP

GrowthWorks Capital Ltd.

Meyers Norris Penny

OMERS Private Equity

 

Quickmobile



 Stikeman Elliott

Torkin Manes TriWest Capital Partners    

Wellington Financial





BREAKFAST SPONSOR  Avrio Ventures
 
BLACKBERRY CHARGING
STATION SPONSOR

Blackberry Partners Fund
 Albright Talbot Partners
     
 Title Sponsor of Golf Event  Lawson Lundell  
     
Banff Venture Forum Institutional Limited Partners Association
 Media Edge Publishing
  buyouts

 ACG Toronto
ACG Vancouver

 
Backbone
 
 http://www.canadianinnovationexchange.com/

 Equentia  The Isreal Conference 2011