The 3rd Columbia Private Equity conference – generously supported by the Columbia Business School – will be held in person on March 6th and 7th on the Columbia Business School campus.

The first day of the conference (March 6th) is a Ph.D. workshop, and the second is a five-paper conference. Attendance is invite-only and has limited space. Email Mike Ewens ([email protected]) for more information.

Location: Columbia Business School

Format

Ph.D. workshop: 25 minutes for presentation, 15 minutes for discussion, and 5 minutes for Q&A.

Main session: 25 minutes for presentation, 15 minutes for discussion, and 10 minutes for Q&A.

Ph.D. Workshop, Thursday, March 6th

Location: Kravis Hall 370

12 pm – 1 pm: Introduction and Lunch

1:15 – 2:00 pm: “First Investments: Evaluating Strategic Capital Deployment in Private Equity” (Richard Maxwell, UNC)

Discussant: Yingxiang Li (City U HK)

2:00 – 2:45 pm: “Venture Capital Response to Government-Funded Basic Science” (Roham Rezaei and Yufeng Yao, UNSW)

Discussant: Mayank Kumar (Boston University)

2:45 pm-3:15 pm: Break

3:15 – 4 pm: “Start-up Financing, Entry and Innovation” (Charles Parry, University of Cambridge)

Discussant: Magnus Irie (Princeton)

4:00-4:45 pm: “Dancing with the Giants: CVC Investments and Startup Outcomes” (Daisy Wang, OSU)

Discussant: Young Soo Jang (Penn State)

5 pm – 6 pm: Reception

6:30 pm – 8 pm: Dinner (presenters, discussants, and invited guests)

Conference, Friday, March 7th

Location: Geffen 490

9:00 – 9:45 am: Light breakfast and coffee.

9:45 am-10:35 am: “Would I Lie to You? On Private Equity Intermediary Reports” by Borja Fernández Tamayo (Université Côte d’Azur), Reiner Braun (TMU), Florencio López-de-Silanes (SKEMA),
Ludovic Phalippou (Oxford), and Natalia Sigrist (Unigestion, SA)

Discussant: Valeria Fedyk (ASU)

10:35 – 11:00 am: Coffee break

11:00 – 11:50 am: “Leveraged Payouts: How Using New Debt to Pay Returns in Private Equity Affects Firms, Employees, Creditors, and Investors” by Abhishek Bhardwaj (Tulane), Abhinav Gupta (UNC) Sabrina T. Howell (NYU)

Discussant: Edith Hotchkiss (Boston College)

12:00 pm – 1:30 pm: Lunch and coffee

1:30 – 2:20 pm: “Comparing Capital Allocation Efficiency in Public and Private Equity Markets” by Ali Sanati (American Univ.) and Ioannis Spyridopoulos (American Univ.)

Discussant: Slava Fos (Boston College)

2:20- 2:50 pm: Break

2:50-3:40pm: “Do Public Equities Span Private Equity Returns?” by Eric Ghysels (UNC), Oleg Gredil (Tulane), and Mirco Rubin (EDHEC).

Discussant: Shane Miller (Univ. of Michigan)

3:40 – 4:30 pm: “Democratizing Private Markets:
Private Equity Performance of Individual Investors” by Cynthia Balloch (LSE), Federico Mainardi (Booth), Sangmin S. Oh (Columbia), and Petra Vokata (OSU).

Discussant: Tong Liu (MIT)

5:15 pm – 7:30 pm: Drinks and dinner (presenters, discussants, and invited guests)

Attendees

Name (Institution)
Michael Ewens (Columbia Business School; co-organizer)
Emmanuel Yimfor (Columbia Business School; co-organizer)
Jim Albertus
Neroli Austin
Abhishek Bhardwaj
Jun Chen
Joseph Choi
Shiyang Chu
Matthew Denes
Jacob Faber
Valeria Fedyk
Slava Fos
Minmo Gahng
Oleg Gredil
Edie Hotchkiss
Wendy Hu
Jeremias Huber
Magnus Hjortfors Irie
William H Janeway
Young Soo Jang
Hyeik Kim
Martin Kornejew
Mayank Kumar
Xuelin Li
Yingxiang Li
James Liu
Tong Liu
Florencio Lopez-de-Silanes
Richard Maxwell
Shane H Miller
Ramana Nanda
Charles Parry
Roham Rezaei
Ali Sanati
Ioannis Spyridopoulos
Petra Vokata
Daisy Wang

Past programs