Happy to announce that the upcoming issue of Hommes et Commerce will feature an article concerning the 1st HEC Private Equity Alumni Networking Event that took place on March 23rd. Thanks go out to Patrick Lissague, Managing Director of UFG Private Equity and President of the BACI Group within HEC’s Alumni Association; to Christophe Raynaud, Fund Manager at ISAI who documented the event, to Dan Sipple-Asher, who took over the Presidency of the HEC Private Equity Club from me and who made sure the student involvement was strong; to UFG Private Equity for their financial support of the event; and to all the alumni who came and made the evening such a success. Thanks again!
Just a quick reminder to all the HEC alumni working in Private Equity, that tomorrow, Monday March 23rd, is the First HEC Private Equity Alumni Networking Event. It kicks off at 18h30. I look forward to seeing many of you there!
From time to time I feel the need to take a break from Private Equity-this and Venture Capital-that so I can spread a little news about HEC. It’s been announced (but in the works for some time) that HEC Paris and the MIT Sloan School of Management are forming a global academic partnership along the lines of what HEC does with NYU Stern and LSE.
The partnership will create a double degree program between HEC’s MBA or MSc and MIT’s new master of science in management studies to begin next September. Participants on the program will graduate with degrees from both schools and will also benefit from access to alumni networks on both sides of the Atlantic. Not a bad deal!
No doubt the choice of pairing with Sloan is a bit of a strategic move that connects to HEC becoming part of Paris Tech and the desire to create a French “Silicon Valley” in Saclay (an area southwest of Paris).
This past Friday I, along with 12 of my fellow MBA classmates, had the pleasure of participating in HEC’s kickoff to THECAMPAIGN, the school’s five-year, €100m fundraising event. This is to be coupled with the €100m that the CCIP will be spending on infrastructure improvements at the school. One aspect that I particularly like (and unsurprisingly so as it’s a highly Anglo-Saxon move) is that the school will be setting aside €50m from the campaign to develop an endowment to give it a sustainable source of income. Now if they can just work on getting their press releases out in English…
Many thanks to HEC alum Bernard Tézé (H. 85) of DS Avocats for sending over this excellent presentation that he put together concerning PIPEs in France. I saw Bernard this past Friday at a school event and we discussed the fact that there’s been little research performed recently concerning French PIPEs (perhaps this could make for an excellent research topic for one of our academics?).