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: Rooms TBD; 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: TBD

12 pm – 1 pm: Introduction and Lunch

1:15 – 2:00 pm: “How do Early Investment Returns Impact the Capital Deployment of Private Equity Funds?” (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: TBD

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: Dan Greenwald (NYU)

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)

Past programs