Module 3: Manager Selection/Due Diligence
This webcast has already taken place. The Module 3: Manager Selection/Due Diligence presentation is now available to EMPEA Members. Members, please log in to you account to view the presention.
Join our expert faculty for a discussion on the art of emerging markets private equity manager selection and due diligence and how LPs can best equip themselves for these critical steps in exploring EM PE opportunities.
Key topics to be discussed include:
- Is there a science to manager selection and what are the key factors to consider when selecting an investment manager?
- How does manager selection fit within the overall portfolio process?
- What defines a successful investment manager?
- How is fund diligence approached and what steps can one take to streamline the process?
Speakers Include
Roberta Brzezinski, Managing Principal, Growth Markets, Caisse de Depot et Placement du Quebec (CDPQ)
Roberta Brzezinski is Senior Director, Growth Markets for CDPQ, a Canadian pension fund manager investing across asset classes in global markets. Prior to joining CDPQ, Roberta served as chief investment officer of TAU Investment Management, a growth equity fund manager focusing on Asian manufacturing investments. Roberta was one of the original partners of Abris Capital Partners, a leading growth buyout investor in Central and Eastern Europe. She also served as managing director at Emerging Markets Partnership, manager of the $6 billion AIG Infrastructure Funds, where she was active in Southeast Asia, Central Europe and Latin America. Prior to joining EMP, Roberta was vice-president at NCH Capital, a leading fund manager focused on Eastern Europe, and began her career as an investment officer for the International Finance Corporation. Roberta holds an MBA from Georgetown University’s McDonough School of Business and an AB magna cum laude from Harvard College.
Mounir Guen, CEO, MVision Private Equity Advisers
Mounir Guen founded MVision in 2001. He is a veteran fundraising specialist, advisor and manager, and has led the development of MVision to the point where it is now the world’s leading independent international private equity placement agent.
Previously Mounir spent 13 years at Merrill Lynch where he was a Managing Director and was responsible for building up the international non-US business, both on the General Partner and Investor level, and creating a particularly strong franchise. He established an innovative proactive origination program for Europe and extended the concept to a global model.
He has been selected as one of the top 50 most influential personalities in Private Equity in Europe, and served on the EVCA European Valuation Committee to establish policy currently in use. He currently serves on the EVCA International Relations Committee. Mounir's over 20 years of experience and deep knowledge in the private placement business and, more importantly, his deep relationships with leading global investors are unrivalled in today's market. His focus on the General Partner as the client is the principle on which MVision was built and upon which it executes every day.
Mounir has an ABD Postgraduate Degree in Economics and a Bachelor of Arts degree in Economics and History from Georgetown University, and a Master of Science degree in Economics from the London School of Economics.
David Wilton, Managing Director, Morgan Stanley Alternative Investment Partners
David Wilton is a Managing Director with Morgan Stanley Alternative Investment Partners where he is leading initiatives in Investing with Impact.
David is currently Chairman of the Advisory Council of the Emerging Markets Private Equity Association and was a Member of the International Development Working Group of the G8 Impact Investing Task Force.
Prior to joining Morgan Stanley, David was Manager and Chief Investment Officer, Global Private Equity with responsibility for IFC's investment program of around $400-500 million per annum in emerging market funds globally and management of IFC’s portfolio of $4 billion in commitments.
Moderator – Roger Leeds, Professor and Director, Center for International Business and Public Policy, Johns Hopkins School of Advanced International Studies (SAIS) and Founding Chairman, EMPEA
Roger S. Leeds is a Professor at the School of Advanced International Studies (SAIS) of the Johns Hopkins University and Director of the School’s Center for International Business and Public Policy. Dr. Leeds also has taught in the MBA programs at Wharton, University of Pennsylvania and Columbia University Business School. In addition, he served as founding Chairman of the Emerging Markets Private Equity Association (EMPEA), a global industry association that conducts research on private equity investing in developing countries. Prior to joining the Johns Hopkins faculty, Dr. Leeds was an international finance practitioner for 25 years, including positions as an investment banker at Salomon Brothers, a senior staff member of the International Finance Corporation (World Bank), a partner at KPMG in charge of the firm’s global privatization practice, and a managing director at a private equity firm in New York. His international career began in Brazil, where he served for two years as a Peace Corps Volunteer. Since then he has worked in more than 100 developing countries.
Dr. Leeds’ publications include Financing Small Enterprises in Developing Countries (2004), Private Equity Investing in Emerging Markets (February 2015), and more than 30 articles. He has lectured at numerous universities around the world, been a guest commentator on various radio and television programs, including CNN, Bloomberg News, CBS News, CNBC, and National Public Radio, and is a member of the Council of Foreign Relations in New York, He received his undergraduate degree from Columbia University, and his M.A. and PhD from SAIS.
Roger Leeds is also the author of the Private Equity Investing in Emerging Markets: Opportunities for Value Creation, which illustrates how private equity is a tool uniquely suited to strengthening the value and performance of businesses in emerging market countries.
In case you missed it:
Module 1: Making the Case for Emerging Markets Private Equity
Module 2: Portfolio Construction
Module 3: Manager Selection/Due Diligence