The talk is jointly organized and sponsored by HBS Alumni Club and Harvard Shanghai Center.
Private Equity at a Crossroads: What's Next?
Both the buyout and venture capital industries face unprecedented challenges today. After an orgy of investments in the mid-2000s, private equity funds suffered a hangover of epic proportions. In recent quarters, however, the portfolios of the private equity funds have recovered in a manner that has surprised even the most optimistic observers. Meanwhile, venture capital, after a prolonged drought, has experienced new life—and even the repeat of bubble-like behavior. But all is not rosy: many of the investors on which these funds have traditionally depended, such as endowments and pensions, have increasingly looked to bypass funds and to instead pursue direct investments into private firms. This talk will explore this unsettled and often mysterious territory, both in China and world-wide, and offer some surprising predictions about the future of these sectors.
Date and Time:
Saturday 19 September 2015 | 16.00 - 18.00
Harvard Center Shanghai
HSBC Building 5F
8 Century Avenue, Shanghai
Seating is very limited
Please RSVP to Vivian Xu at [email protected]
ABOUT THE SPEAKER
Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, and head of the Entrepreneurial Management unit. His research on venture capital and private equity organizations is wildly recognized by the global VCPE community. Josh has recently been named one of the 100 most influential people in private equity over the past decade by Private Equity International magazine and one of the ten most influential academics in the institutional investing world by Asset International's Chief Investment Officer magazine. He currently serves as Vice Chair of the World Economic Forum’s Global Agenda Council on the Future of Investing.