2015 Financial Market Symposium

Second Annual Financial Market Symposium: Private Equity

Finance Department, School of Business

Friday, September 25, 2015

9:00 – 9:15 Registration and Continental Breakfast

9:15 – 9:45 Welcoming Remarks and Some Recent Research Results by Donald S. Siegel, Dean, School of Business, University at Albany
“Private Equity and the Innovation Strategies of Entrepreneurial Firms: Empirical Evidence from the Small Business Innovation Research Program,” by Al Link, University of North Carolina, Christopher J. Ruhm, University of Virginia, and Donald S. Siegel, University at Albany

9:45 – 11:00 Keynote Address
“Estimating Private Equity Returns from the Limited Partner Cash Flows,” William N. Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies,Yale University

11:15 – 12:30 Session 1: “Buyout Activity: The Impact of Aggregate Discount Rates,” by Valentin Haddad, Princeton University, Erik Loualiche, MIT Sloan, and Matthew Plosser, Federal Reserve Bank of New York
Presenter: Matthew Plosser, Economist, Federal Reserve Bank of New York
Discussant: Louis Piccotti, Assistant Professor, University at Albany

12:30 – 2:00 Lunch and Practitioner Panel
Moderator: Na Dai, Associate Professor, University at Albany
Salvatore Gentile ’85, Managing Director, Intermediate Capital Group, Inc.
Alan Mantel ’85, Partner, Snow Phipps Group, LLC
Michael Nash ’83, Senior Managing Partner, Blackstone Group L.P.

2:15 – 3:30 Session 2: “Expertise or Proximity in International Private Equity? Evidence from a Natural Experiment,” by Thomas J. Chemmanur, Boston College, Tyler Hull, Norwegian School of Economics, and Karthik Krishnan, Northeastern University
Presenter: Karthik Krishnan, Associate Professor and Thomas Moore Faculty Fellow, Northeastern University
Discussant: Na Dai, Associate Professor, University at Albany

3:30 – 3:45 Concluding Remarks: Hany Shawky, Professor and Chair, School of Business, University at Albany

SUNY Global Center, 116 East 55th Street, New York, NY 10022
Contact: Sally Mills (518) 380-0662 or smills@albany.edu