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Local LP’s discover Israeli alternative investing in NYC (wrap-up)

On June 16, the Israel Economic Mission in NYC hosted the first ever “Israel Alternative Investing Summit,” which introduced the Israeli alt-finance scene to local U.S. investors.  A delegation made up of 12 Israeli VC’s, private equity managers and hedge funds met with locally based limited partners at the Doubletree Hotel in Manhattan for a full day conference.  Attendees included family offices, fund of funds allocators, pension funds, endowments, and others.

The event kicked off early in the morning, with coffee and opening remarks from Israel’s outgoing Consul General, Ambassador Ido Aharoni.  Following Ido, Nili Shalev, Israel’s Economic Minister to North America, welcomed the group of industry leaders and investors. Next, New York State Comptroller Tom DiNapoli delivered the keynote address.  Mr. DiNapoli discussed how his funds are  being invested with  Israel’s fund managers, their inspiring performance, and why New York State is looking forward to continuing to invest in  the Israeli markets and economy.

Following the keynote, the conference heard brief presentations about the Israeli economy from Inon Elroy, who will be succeeding Nili Shalev as Israel’s Economic Minister in NYC in August 2016.  Additionally, Tali Zingher of the Israel Hedge Funds Association briefed the room on the blossoming hedge fund industry in Israel.

Before breaking for lunch, the conference heard one last session of speakers, which consisted of a panel of limited partners.  The LPs discussed trends in venture capital, PE, and the hedge fund industries, and how Israelis can expect to raise money from U.S. LPs.

Following a networking luncheon, the Israeli delegation had 25-minute 1:1 meetings with the local LPs, most of which were prescheduled and curated.  Over 100 meetings took place before the conference concluded at 5:30pm.  Special thanks to Carl Berg and his team at Catalyst Financial Partners, who helped bring the conference together.

For more information about alternative investing in Israel, please contact Erik Blumberg at the Israel Economic Mission in NYC.