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Boca Raton Resort & Club & Resort Raton Boca
Tuesday June 3, + Wednesday June 4, 2008 2008 4, June Wednesday + 3, June Tuesday
(ECF) (ECF) forests
Chlorine Free Chlorine sustainable from Main Conference Main
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Produced by Produced
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Monday June 2, 2008 2008 2, June Monday
Pre Conference Investor Summit Investor Conference Pre
Principal Sponsor Principal
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Scott Simon Scott Cowan Steven Vish Ravi McGuire Bernard Theodore P. Theodore • Emerging Capital Emerging •
• ICG •
Founder & MD & Founder • Gaja Capital Gaja •
International
David Rubenstein David • Pomona Capital Pomona •
• Egon Zehnder Egon • • Advent International Advent •
now in the U.S. the in now
• The Rohatyn Group Rohatyn The • • Crescendo Ventures Crescendo •
• Gryphon Investors Gryphon •
• Arsenal Capital Arsenal • conference of this stature stature this of conference
• Comvest • • Stanford University Stanford •
• FountainVest FountainVest • • New Energy Finance Energy New •
professionals. It is great to see a see to great is It professionals.
THE TREASURY THE PARTNERS INVESTMENTS
• Atlas Venture Atlas • • CITIC Capital CITIC •
INVESTMENTS OF DEPARTMENT CAPITAL CAPITAL
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• Alchemy Partners Alchemy • SIGULER GUFF SIGULER Management gathering of PE industry industry PE of gathering
PSP PSP JERSEY NEW NEW YORK LIFE LIFE YORK NEW Investments
• University of Chicago of University • “ Partner
• Strategic Capital Strategic •
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George Siguler George
• Fortune Management Management Fortune •
Steven Benevento Steven Murphy Derek Pastore Christine Peter Keehn Keehn Peter
• Development Partners Development •
• Baker Capital Baker •
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• Epsilon •
Banking Partners Banking
• Stratcon Global Stratcon •
• DLJ Merchant DLJ •
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• Strategic Value Strategic • Kronish LLP Kronish
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INVESTMENTS RETIREMENT COMPANY OF COMPANY PLACEMENT DU PLACEMENT
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Steven Costabile Steven Jeremy Kranz Jeremy Haslip J. Joseph David Turner Turner David Pierre Fortier Pierre • Permira Advisers Permira •
• Baker Capital Baker •
• Avenue Capital Avenue •
• WL Ross WL •
Management
• Silver Lake Silver •
• MHR Fund MHR •
Off The Record Q&A Lunches Q&A Record The Off Partners
Management
• Delta Private Equity Private Delta •
Champagne Roundtables Champagne
• Oaktree Capital Oaktree •
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• Advantage Partners Advantage •
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• TPG •
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• Northern Trust Northern • Investment
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Launches The The Launches Experts
SuperReturn International SuperReturn
From the producers of producers the From 130+ KN2190SRA08 A3 COVER 30/1/08 14:22 Page 1 Page 14:22 30/1/08 COVER A3 KN2190SRA08 KN2190SRA A3 08 30/1/08 14:20 Page 2
Exciting Formats & Networking INVESTOR SUMMIT – Monday June 2, 2008 Opportunities 8.30 Registration and Coffee 8.50 Chairman’s Welcome Address
Networking is an integral part of the SuperReturn experience, and we recognize that a conference is not just MANAGER SELECTION about what you learn, but also about new contacts you make, and old friends you reconnect with. Manager Selection: Accessing Top Performing Funds In The Face Of Stiff Competition So we encourage you to make use of the exciting networking opportunities to make the very best of your Moderator: Paul Denning, CEO, DENNING & COMPANY time in Boca Raton. 9.00 Panelists: Andrew Kwee, Head of Private Equity Office USA LGT CAPITAL PARTNERS SpotMe! Conference Navigator Philip Godfrey, Director, PATHWAY CAPITAL MANAGEMENT
• To guarantee invaluable networking, SuperReturn U.S. Judith Smith, Head of Private Equity, INDUSTRY FUNDS MANAGEMENT p4 brings you the SpotMe Conference Navigator. LP PANEL Your device will enable you to send messages to other attendees, arrange meetings, exchange LP What Keeps LPs Awake At Night? business cards, search the delegate list at your leisure, read the agenda, plan your time, receive Delving Into LP Concerns Around Credit, Fees, Transparency & Returns information updates, vote on the electronic polling session (morning of Tuesday June 3), track down 9.40 Moderator: Dwight Kadar, Former Investment Director, COOPER INDUSTRIES speakers, find old friends, follow up from a quick-fire showcase presentation and even set it to buzz when Panelists: networking targets are within range. What more could you ask?! Alexander Abell, Director, BLACKROCK Peter Keehn, Head of Alternative Investments, ALLSTATE Exclusive LP Only Dinner Derek Murphy, Head of Private Equity, PSP INVESTMENTS p4 • Evening of Monday June 2, Boca Raton Resort & Club Limited Partner Private Equity Trends Network with fellow LPs and discuss current concerns in an exclusive LP only setting. To register for 10.20 this dinner, please e-mail [email protected]. This session is open to LPs only, subject p4 Kathy Jeramaz-Larson, Executive Director, ILPA to qualification. 10.40 Morning Coffee Exclusive LP Only Breakfast EMERGING MANAGERS • Morning of Tuesday June 3, Boca Raton Resort & Club. Hosted by The Next Phase Of Manager Selection: Identifying The Emerging Managers Who Will Deliver High Returns On Your Investment Discuss the latest concerns of LPs over coffee and bagels, and get wired for the sessions to come. Panelists: This session is open to LPs only, subject to qualification. 11.10 Joseph J. Haslip, Assistant Comptroller for Pensions To register, please e-mail [email protected]. NEW YORK CITY RETIREMENT SYSTEM Diamond Cocktail Reception Tom Danis, Managing Principal & Co-Founder, RCP ADVISORS p4 Jack Perkins, Trustee, CITY OF BOSTON RETIREMENT FUND
Sponsored by and Tracking PE Funds: Striking The Balance Between The Quest For Diversity • Evening of Tuesday June 3 11.50 And The Optimal Number Of Investments After receiving a glass of Champagne, you’ll realize that it’s not only the champagne that sparkles, in Ken Lehman, Managing Director, KENDALL INVESTMENTS addition, the glass will have a little stone inside. There will be some genuine diamonds in some of the glasses, and the others will carry a cubic zirconia (synthetic stone) inside. Once everybody has enjoyed the champagne a diamond expert will then check the stones with a magnifying glass and the lucky Benchmarking The Global VC Industry: Analyzing The Various Investment Patterns, winners will be identified. Make sure you don’t swallow the stone! Recent Exit Returns And Future Trends Between The United States, 12.20 Europe, Israel, China And India Quick-fire Showcase Martin Haemmig Adj. Professor & Senior Advisor on the Globalization of Venture Capital • Lunchtime on Tuesday June 3 and Wednesday June 4 p4 CeTIM & STANFORD UNIVERSITY Your chance to present your fund to the SuperReturn audience. You have strictly three minutes to present your fund’s strategy, without using financial data. After this time a whistle will be blown and you will 12.50 Lunch be judged by our expert panel on strategy and entertainment value. Three minutes to present, persuade and entertain! Trends In Transparency, Reporting & Disclosure: Examining The Implications For The LP Agreement Champagne Roundtables Panelists: 2.00 Patricia Jeanjean, Portfolio Manager • Afternoon of Tuesday June 3 Delve deeper into specific subjects of debate and swap business cards with those CAISSE DES DEPOTS ET CONSIGNATIONS of similar interests at the champagne roundtables. Each roundtable has a leader Scott Simon, CIO and topic, and a limited number of places. So sign up early at conference reception p4 FIRE & POLICE PENSION ASSOCIATION OF COLORADO to the table of your choice, and be prepared to join in with the discussion, while savoring a glass of bubbly. GLOBAL ALLOCATION Successfully Allocating To The Emerging Markets: Developing A Checklist For Interactive Electronic Polling 2.40 Capital Deployments Globally • Morning sessions of Tuesday June 3 Panelists: This is where you add your opinions to the debate and take the pulse of the industry in real time. Questions Ravi Vish, CEO, WESTLB MELLON ASSET MANAGEMENT are put to the audience, you vote using your SpotMe device, and the results come up on screen, to be p4 David Yeung, Managing Director, AIG INVESTMENTS commented on by our panel of experts. This will be the most up-to-date information you could possibly get on industry trends and opinion. Make sure you pick up a SpotMe at registration and make your vote count! 3.20 Afternoon Tea Optimizing Your PE Portfolio Internationally; How To Build A Global Portfolio Off-The-Record Q&A Lunches Panelists: • Lunchtime on Tuesday June 3 and Wednesday June 4 3.50 Marc der Kinderen, Partner, 747 CAPITAL As well as hearing from some key industry leaders and special guest speakers, you have the Lauge Sletting, Head of Private Equity, NORTHSEA CAPITAL opportunity to sit down to lunch and quiz them further. One lunch table will be reserved for Marvin Zonis on Jason Block, Co-Head, US Office, ICG Tuesday June 3, and for Andrew Zolli on Wednesday June 4. Sign up at conference reception to be seated p4 on this table. Book early as places are limited and will fill up. LP/GP Relationships: Monitoring GPs & Determining Where They Add Value Moderator: SuperReturn U.S. Cup Golf Championship Joanna Peters, Managing Principal, STRATCON GLOBAL Panelists: • Monday June 2 4.30 You can’t come to Florida and not take part in a golf championship. Originally designed in 1927 by William Michael Mazzola, Director, Private Equity, METLIFE Flynn, the resort course is one of the oldest and most historic in the State of Florida. In 1997 the course Pierre Fortier, Vice President Funds - Private Equity underwent a complete redesign and reconstruction, boldly enhancing the beauty, challenge and overall golf CAISSE DE DEPOT ET PLACEMENT DU QUEBEC experience on the property. The outing will take place on The Championship 18-Hole Course at the Boca p4 Theodore P. Economou, Assistant Treasurer, Corporate Finance, ITT Raton Resort. The course plays a total of 6,253 yards from the back tees and is a par 71. The cost per player is $250 per person. This includes green fees, cart fees, tax and tournament admission fee. See booking form 5.10 End of Investor Summit for registration details. LP Only Dinner: Speed Networking At Ceilo by Angela Hartnett: A spectacular restaurant on the 27th floor of the Tower by 7.30 Gordon Ramsay partner and Michelin-star-rated Chef Angela Hartnett, offering panoramic views • Afternoon of Tuesday June 3 of the Atlantic Ocean and world-class cuisine The super-efficient form of networking. Participants get two minutes to exchange business cards and explore To register please e-mail [email protected] deal prospects with each other before moving on to meet the next potential contact. Hone your pitch, brush p4 Subject to qualification up on your interview skills and bring plenty of business cards. “I have spoken at many of the SuperReturn events in Sponsorship and Exhibition Opportunities Europe and I am thrilled to be participating in the If you would like to find out more about sponsorship and exhibition opportunities please contact inaugural SuperReturn U.S.” Terri Graber, tel: +1 212 661 3500 x3127, e-mail [email protected] Pierre Fortier, Vice President Funds- Private Equity Or Edward Jones, tel: +44 20 7017 7223, e-mail [email protected] CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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MAIN CONFERENCE - Boca Raton Resort & Club, Florida CONFERENCE – DAY 1 - Tuesday June 3, 2008 CONFERENCE – DAY 2 - Wednesday June 4, 2008
6.45 LP Only Breakfast - Hosted by 8.00 Welcome and Coffee Chairman’s Welcome Address 7.30 Registration & Morning Coffee 8.20 Chairman’s Welcome Address p8 Craig Dauchy, Partner, COOLEY GODWARD KRONISH LLP 7.50 p5 Derek Zissman, Senior Advisor to KPMG PRIVATE EQUITY How The Private Equity Industry Is Changing Before Our Eyes HEAD TO HEAD 8.00 p5 David Rubenstein, Co-Founder & Managing Director, THE CARLYLE GROUP What Does It Take To Be A Top Quality Investor In Both Expansionary And Recessionary Markets? p5 LP CONFIDENTIAL 8.30 Josh Harris, President & Founding Partner, APOLLO Private Equity As An Asset Class: Setting The Investment Return Assumption Interviewed by To Make The Right Allocation Les Brun, Board Member, FORTUNE MANAGEMENT Moderator: Kelly DePonte, Partner, PROBITAS PARTNERS Chairman & CEO, SARR GROUP 8.40 Panelists: p8 Joseph J. Haslip, Assistant Comptroller for Pensions NEW YORK CITY RETIREMENT SYSTEM INDUSTRY TITAN David Turner, Head of Private Equity 9.00 Private Equity Perspectives THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA James Coulter, Founding Partner, TPG Steven Costabile, Managing Director, Co-Head of Private Equity Funds Group, AIG INVESTMENTS p8 ELECTRONIC POLLING PANEL KEYNOTE INDUSTRY ADDRESS Where Will The Value Come From In Private Equity & What Will Be The New Sources Of SuperReturns? Where Is Entrepreneurship Headed In The United States And Globally Moderator: Les Brun, Board Member, FORTUNE MANAGEMENT, Chairman & CEO, SARR GROUP 9.25 And How Has It Been Affected Historically By Credit Cycles? 9.20 Panelists: TJ Maloney, President, LINCOLNSHIRE MANAGEMENT Alan Patricof, Founder, APAX PARTNERS, Founder & Managing Director, GREYCROFT PARTNERS David Roux, Founder & Co-Chief Executive, SILVER LAKE p8 Pierre Fortier, Vice President Funds - Private Equity p5 CAISSE DE DEPOT ET PLACEMENT DU QUEBEC The Convergence Of The Public And Private Spheres In Private Equity: The Rationale What Are The Consequences Of The Current Credit Cycle: Is It Different This Time? Behind Publicly Listed Funds And Management Company IPOs And The Challenges Of 10.00 p5 Howard Marks, Chairman, OAKTREE CAPITAL MANAGEMENT Operating As A Public Company Moderator: 10.25 Morning Coffee 9.50 Colin Maltby, Chairman, PRINCESS PRIVATE EQUITY HOLDINGS p5 DISTRESSED Former Head of Investments, BP Harnessing Opportunities In Distressed: In An Era Of Rising Defaults, Where Are The Panelists: Opportunities This Time Round? Robert W. Long, President & CEO, CONVERSUS ASSET MANAGEMENT Moderator: Lawrence Gottlieb, Partner, COOLEY GODWARD KRONISH LLP Brooks Zug, Senior Managing Director, HARBOURVEST 10.55 Panelists: p8 Marcia Haydel, Managing Director, PERFORMANCE EQUITY MANAGEMENT 10.25 Morning Coffee Marc Lasry, Founder & Senior Managing Director, AVENUE CAPITAL Mark Rachesky, Co-Founder & President, MHR FUND MANAGEMENT LIFE AFTER DEBT George Siguler, Managing Director & Founding Partner, SIGULER GUFF 10.55 Private Equity In The Next World CREDIT CRUNCH p8 Guy Hands, CEO, TERRA FIRMA What Next For The Mega-Buyout Market – Future Fundraising, Realizations & Distributions? p8 Moderator: Jon Moulton, Managing Partner, ALCHEMY PARTNERS HUMAN CAPITAL 11.35 Panelists: Human Capital-Best Practice In The PE Industry: What Is The Solution To The Increasing Thomas H. Lee, President, LEE EQUITY PARTNERS Challenges In Human Capital? How Will The Supply/Demand Balance Level Out? Richard A. Friedman, Managing Director and Head of Merchant Banking, GOLDMAN SACHS And How Do You Attract And Retain Talent? p5 Wilbur Ross, CEO & Chairman, WL ROSS Joe Haim, Global Leader, Private Equity Practice The Confluence Of Hedge Funds And Private Equity: Are Hedge Funds Purely EGON ZEHNDER INTERNATIONAL 12.10 Competitors, And If Not, How Can Buyouts Work With Hedge Fund Money? 11.30 Moderator: Alan Hilliker, Partner, Head of U.S. Private Equity p6 Thomas H. Lee, President, LEE EQUITY PARTNERS EGON ZEHNDER INTERNATIONAL Panelists: GLOBAL MACROECONOMIC ADDRESS James Coulter, Co-Founder, TPG Unravelling The Fundamental Changes In Global Economic & Political Dynamics: Gordon Hargraves, Partner, RHO FUND INVESTORS 12.35 Oil Prices, Recession, Demography & Capital Flows Tom Lister, Co-Managing Partner and Head of New York Office, PERMIRA Marvin Zonis, Professor Emeritus John F. Megrue, Jr., CEO, APAX PARTNERS U.S. p6 GRADUATE SCHOOL OF BUSINESS, UNIVERSITY OF CHICAGO p9 Lunch Plus Off-The-Record Lunch with 2010: ASIA RULES THE WORLD Quick -Fire Marvin Zonis, Professor Emeritus Industry Roundtable: What Role Will Asia Play In The Future Global Economy? 1.30 Showcase GRADUATE SCHOOL OF BUSINESS, UNIVERSITY OF CHICAGO Moderator: Chris Meads, Partner, PANTHEON VENTURES 12.10 p6 PLUS Quick-Fire Showcase: Your chance to present your fund to the SuperReturn Audience Panelists: Natalie Meyenn, Private Equity, MLC INVESTMENT MANAGEMENT Stream A Stream B Stream C Stream D David Woolford, Managing Director, CAPITAL DYNAMICS Mid Market Focus Emerging Market Focus Market Developments Venture Round-up Chair: KPMG Chair: (tbd) Chair: (tbd) Chair: COOLEY GODWARD Honson To, Partner, KPMG KRONISH LLP Extended Session Emerging Markets Returns To INNOVATION ADDRESS Tippacanoe And Marketing Too: What Is The Outlook For Mid Date: The Fundraising Landscape, THE TAXMAN COMETH 12.40 Innovation Is The New Black Market Transactions And Searching For Yield & The Next What We Can Learn From Fundraising And What Value Do Hotbed Of Opportunities Extended Session Political Campaigns That Can p9 Andrew Zolli, Thought Leader, Futurist 3.00 Mid Market Players Bring To The DELTA PRIVATE EQUITY Help Turbocharge A Company's PARTNERS Brand And Its Bottom-Line Quick -Fire Lunch Plus Off-The-Record Lunch With Private Equity Space? Sacred Cows Becoming An howcase Moderator: EMP GLOBAL Endangered Species 1.30 S Andrew Zolli, Thought Leader, Futurist VERONIS SUHLER PCG ASSET MANAGEMENT EPSILON p6 PLUS Quick-Fire Showcase: Your chance to present your fund to the SuperReturn Audience STEVENSON ITT KPMG p7 p9 Panelists: Investing And Exiting In China COOLEY GODWARD Venture: Where Are The Stream A Stream B Stream C KRONISH LLP Returns? Separating The DLJ MERCHANT BANKING & South East Asia: Proven Distressed Opportunities Emerging Markets Adding Value & Exits PARTNERS Strategies For Fundraising Myths From Reality AMERICAN CAPITAL And Capital Deployment Moderator: Extended Session Value Creation: Is Buy And Build SVB CAPITAL 3.25 STRATEGIES CITIC CAPITAL How Best To Invest In The Most Viable Strategy In The WESTLB MELLON ASSET Current Credit Environment? TEMASEK HOLDINGS & NORTHERN TRUST Distressed Assets, The Pros And Middle East Opportunities In MANAGEMENT FOUNTAINVEST PARTNERS CRESCENDO VENTURES Private Equity Moderator: ARSENAL CAPITAL JADE INVEST Cons Of Each Model, And Getting UNLIMITED HORIZONS p6 EUROPEAN INVESTMENT 3.00 PARTNERS IDG VENTURES VIETNAM p6 p7 p7 Your Timing Right FUND EMIRATES INVESTMENT AND GRYPHON INVESTORS p7 Coinvestment - Recent Successes & DEVELOPMENT BAKER CAPITAL Common Pitfalls : Balancing Fees, Is The Traditional Venture Capital Moderator: Model Dead? And If So, What WELSH CARSON ANDERSON & India Country Clinic: Pinpointing Risk & Deal Flow LOUGHLIN MEGHJI & COMPANY p10 Trends In Mid Market Investing Follows? p10 STOWE tbc Local Partners And Portfolio Moderator: Companies While Mitigating Risk NIXON PEABODY Moderator: PORTFOLIO ADVISORS Africa—The Only Really New Frontier: 3.50 For further information please FORTUNE MANAGEMENT & see the event website at TD CAPITAL PRIVATE EQUITY PRIVATE ADVISORS How Will GPs In Africa Develop A GAJA CAPITAL SARR GROUP Positive Track Record And www.superreturnUS.com INVESTORS STRATEGIC VALUE PARTNERS The Economic Impact Of CAPVENT POMONA CAPITAL Effectively Fundraise? ATLAS VENTURE Private Equity: An Update ICICI VENTURES NEW YORK LIFE CAPITAL ATP PEP Moderator: p6 p7 PARTNERS p8 3.25 OVERSEAS PRIVATE On Research From The 4.15 Speed Afternoon Tea & Speed Networking INVESTMENT CORPORATION World Economic Forum orking Netw p7 tressed Tapping The Potential Of The The Impact Of The Credit Dis THE ROHATYN GROUP WORLD ECONOMIC FORUM Extended Session European Mid Market: Where Crunch On The Secondaries EMERGING CAPITAL PARTNERS Can You Best Deploy Capital? The Latest On Returns In DEVELOPMENT PARTNERS Emerging Markets Market And Liquidity Moderator: CLEANTECH p9 p10 INTERNATIONAL p10 tbc The Globalization Of Cleantech: 4.45 ACCESS CAPITAL PARTNERS Moderator: Afternoon Tea For further information please Innovation Trends, Business And 3.50 POMONA CAPITAL PARISH CAPITAL see the event website at Investment Opportunities In A Stream C BANK GUTMANN www.superreturnUS.com Stream B PANTHEON VENTURES Global Sector Emerging Markets Adding Value & Exits STRATEGIC CAPITAL Moderator: MANAGEMENT p6 HARBOURVEST p7 CeTIM & STANFORD UNIVERSITY CEE: Leapfrogging Western Europe To Access Proactive Strategies For Sourcing Assessing LP Appetite For The Lucrative Markets Of New Europe IPOs, Recapitalizations, Special Distributions, M&A, And Deals In The Mid Market: Effectively Japan vs. Korea? Overcoming Secondaries: Do The Returns GIC SPECIAL INVESTMENTS Secondaries: How Are Timing And Structure Of Exits Building A Network Of Relationships TSING CAPITAL, Moderator: The Obstacles To Successful Justify The Fees In What Has 4.20 GUARDIAN LIFE INSURANCE COMPANY OF AMERICA Being Affected By The New Economic Paradigm? Moderator: Deal Making: Taxation, Regulation Become A Commodity Market? CHINA ENVIRONMENT FUND CARE CAPITAL GROUP 5.10 And Corporate Governance Moderator: KLEINER PERKINS CAUFIELD DELTA PRIVATE EQUITY PARTNERS PRIVATE ADVISORS PERMIRA COLLER CAPITAL & BYERS ALPHA ASSOCIATES 3i GROWTH CAPITAL p9 p10 EMERALD TECHNOLOGY n FOX PAINE ADVANTAGE PARTNERS ADAMS CAPITAL PARTNERS Differentiatio CAM NEWMARKETS NEW JERSEY DEPARTMENT VENTURE Discovering The Nascent Opportunities In Latin America: COMVEST INVESTMENT NEW ENERGY FINANCE PARTNERS p6 p7 OF THE TREASURY p7 p8 When Will The Market Potential Be Realized? Differentiation And Adding Value: After Leverage, Multiple Moderator: CRP PARTICIPAÇÕES 5.40 Networking Champagne Roundtables (see p10) 4.45 Expansion And Operational Expertise, What Will Drive CDC GROUP The Next Phase Of Management Company Innovation? ADVENT LATIN AMERICA 6.30 Diamond Cocktail Reception Sponsored by p10 SIGULER GUFF p10 CCMP CAPITAL ADVISORS End of day one 5.10 End Of Conference
3 KN2190SRA A3 08 30/1/08 14:21 Page 4
Investor Summit Monday June 2, 2008
8.30 Registration and Morning Coffee 11.10 Ravi Vish, CEO WESTLB MELLON ASSET MANAGEMENT Mr. Vish is the Chief Executive Officer of the Private Equity Group, Chairman of 8.50 Chairman’s Welcome Address EMERGING MANAGERS the Investment Committee, a Portfolio Manager for COREplus I, and Deal Team The Next Phase Of Manager Selection: Identifying The Leader with responsibility for Fund Investments and co-investments. He has over 27 years of experience spanning fund investments, direct investments, project Emerging Managers Who Will Deliver High Returns On finance and investment banking. Prior to joining the Adviser, Mr. Vish worked for Talking Your Investment 18 years at the International Finance Corporation in global in addition to roles in MANAGER SELECTION • What are the 4-5 key attributes necessary for you to consider an Latin America, Europe, and Middle East Departments. 9.00 emerging manager? David Yeung, Managing Director, AIG INVESTMENTS • What are the top 5 myths in terms of the risks in investing with Mr. Yeung is an MD of AIG Investments, New York and is President & CEO of AIG Manager Selection: Accessing Top Performing Funds In Capital Partners, as well as Head of AIG’s infrastructure investments in emerging emerging managers? markets including Africa, Eastern Europe, and Latin America covering the various The Face Of Stiff Competition • Why have endowments and foundations been the most AIG-sponsored infrastructure funds. Prior to joining AIG Investments in 1995, he • Determine which criteria of which funds will provide your portfolio was with Bell Canada Enterprise and Northern Telecom, managing telecom and IT successful in identifying and investing with emerging managers? venture capital investments in North America. with the best ROI • Should you outsource the evaluation and selection of emerging • Forge relationships that will provide access to the best funds managers to specialists? 3.20 Afternoon Break Moderator: Paul Denning, CEO, DENNING & COMPANY Tom Danis, Managing Principal & Co-Founder Paul has raised capital for funds based in the U.S., Asia, UK/Europe, Russia and Israel. From 1995 to 2000, he was Managing Director of Hambrecht & Quist's RCP ADVISORS Private Equity Market Group in San Francisco. Following the Chase Manhattan Mr. Danis is responsible for leading the manager research and investment sourc- GLOBAL PORTFOLIO MANAGEMENT acquisition in late 1999, Paul was integrated as co-head into Chase Capital ing function of RCP and is a member of the Investment Committee. In addition, Partners' Private Fund Group and subsequently, the merger with JP Morgan in Mr. Danis is responsible for covering buyout fund managers in the southeastern 3.50 2001. He served seven years, pro bono, as a Trustee and Commissioner of the portion of the United States. Mr. Danis sits on the advisory board of Sterling City and County of San Francisco Employees' Retirement System, a $10 billion Capital Partners II. He has been involved in the private equity industry for over 10 Optimizing Your PE Portfolio Internationally: How To pension plan. years. Prior to RCP, Mr. Danis was a Director of Aon’s Financial Sponsors Practice. Build A Global Portfolio Andrew Kwee, Head of Private Equity Office USA Jack Perkins, Trustee • Deal with currency risk in light of the weak US dollar LGT CAPITAL PARTNERS CITY OF BOSTON RETIREMENT FUND • Different investment focus opportunities Andrew is a Principal at LGT Capital Partners (USA) Inc. (LGT CP). Prior to joining Mr. Perkins has served as a Trustee of the City of Boston Retirement Fund since LGT CP in 2006, he was a Senior Vice President and Head of the New York office 1997. From 1984 he served as President and Chairman of International • Legal and tax challenges of investing abroad for GIC Special Investments. He joined GIC SI in Singapore in 1997, and covered Insurance Group, Ltd. From 1974 to 1984, he served as President of Corroon North East Asia before moving to New York in late 1998 to start up the New York Marc der Kinderen, Partner, 747 CAPITAL and Black of Massachusetts, Inc. Mr. Perkins is also President of Somerset Marc co-founded 747 Capital, a private equity firm focused on selecting small-cap office for GIC SI. Before joining GIC SI, he worked in project management for Corporate Advisors, a financial advisory firm. Tishman Realty and Construction Corporation. US buyout and growth funds– and co-manages the day-to-day operations. He over- sees the investment professionals, and is actively involved in the fund manager Joseph J. Haslip, Assistant Comptroller for Pensions selection process. Prior to forming 747 Capital, from 1994 to 2000, Marc was Philip A. Godfrey, Director NEW YORK CITY RETIREMENT SYSTEM Executive Vice President of Greenfield Capital Partners, Inc. in New York, the US PATHWAY CAPITAL MANAGEMENT subsidiary of a Dutch private equity group. From 1992 to 1994, Marc was a pri- Joseph current serves as the New York City Comptroller’s trustee representative to vate equity analyst at the Noro Group of Companies in the Netherlands. Mr. Godfrey joined Pathway in 2002 and is responsible for client servicing and four of the city’s five pension boards. The New York City Retirement System is com- business development. He is a member of the firm’s fund allocation committee, posed of the five pension boards which are as follows: The New York City Employee Head of Private Equity is responsible for the construction of client tactical plans, and is active in the Retirement System, the New York City Teachers Retirement System, the New York Lauge Sletting, sourcing of new LP and GP relationships. Prior to joining Pathway, Mr. Godfrey City Police Pension Fund, The New York City Fire Pension Fund as well as the New NORTHSEA CAPITAL was with The Blackstone Group, where he was a senior officer in the firm’s asset York City Board of Education Retirement System. The total assets under manage- Mr. Sletting has twenty-two years’ experience in private equity, portfolio manage- management division. Mr. Godfrey focused his efforts on institutional investor ment for these systems are approximately $111 billion. ment and investment research. Mr. Sletting led the spin out of Nordea´ s private relations and on raising capital for Blackstone’s Investment Funds. He previously equity team, after 6 years’ successful investments. Prior to joining Nordea he held senior fund management and client-servicing positions with Delaware was Head of Investments at Novi Venture, Aalborg with DKK 500m under man- Investment Advisers. 11.50 agement. Prior to Novi Ventures he was Head of Investment at PensionDenmark, today a EUR 7 billion pension fund. Judith Smith, Head of Private Equity Tracking PE Funds: Striking The Balance Between The Jason Block, Co-Head- US Office, ICG INDUSTRY FUNDS MANAGEMENT Quest For Diversity And The Optimal Number Of Jason opened the US office for ICG in May 2007. Prior to joining ICG, Jason was Judith is responsible for the management of the private equity team, private equity Investments a Partner at AlpInvest Partners where he built the mezzanine platform and invest- product construction and fund raising and management of private equity invest- ed two global mezzanine funds comprising approximately $700 million in 30 mez- ments. She is Deputy Chair of IFM’s Investments and Strategy Committee and par- Ken Lehman, Managing Director zanine investments. From 1994 until joining AlpInvest in 2002, Jason was a ticipates in a range of private equity fund advisory committees, was elected to the member of the CIBC World Markets organization and its predecessor firm, The AVCAL Board for 2006-2007, and is on the Victorian State Government Venture KENDALL INVESTMENTS Argosy Group. At CIBC, he was a Managing Director and portfolio manager for Capital Working Group. Judith joined Industry Fund Services (IFS) in 1998, having Kendall Investments, LLC, is a private equity fund-of-funds management company. Caravelle Advisors (an affiliated market value CDO manager) where he was princi- been involved with private equity in the Australian market since 1990. Mr. Lehman’s work includes all aspects of portfolio management, including port- pally responsible for investing the high yield, mezzanine and equity portfolio. folio allocation, fund selection, due diligence, investment decision-making and performance analysis. Kendall manages diversified portfolios investing in leading global private equity opportunities. Kendall’s clients include institutions, asset LP PANEL managers, family offices and individual investors. Prior to Kendall, Mr. Lehman 9.40 worked at private equity management company BDC Financial, Inc. in Boston, Talking What Keeps LPs Awake At Night? Delving Into LP Massachusetts. LP/GP RELATIONSHIPS Concerns Around Credit, Fees, Transparency & Returns BENCHMARKING THE GLOBAL 4.30 • How will the credit crunch affect the largest PE firms from putting capital to work in 2008? VC INDUSTRY Monitoring GPs & Determining Where They Add Value • Given that the previous period of loose credit led to record acquisi- 12.20 • What are the most important criteria for you to decide to invest in tions valuations, how will the credit crunch affect Analyzing The Various Investment Patterns, Recent Exit the next fund of a GP with whom you’ve invested in the past? investment returns when EBITDA multiple contraction is likely to Returns And Future Trends Between The United States, • Going forward, what will be the criteria you will apply to decide which GPs/funds you will invest in? occur? Europe, Israel, China And India • Will the LP community be able to pressure large PE funds who • What measurements do you use to gauge the performance of the • Global venture capital activities (investments, exit, performance) GPs/funds in which you invest? have raised increasing amounts of capital (without parallel growth • Benchmarking the U.S., European, Israeli, Chinese and Indian ven- in organization) to reduce management fees? • How often do you review GP/fund performance? ture capital industries • What are your criteria for gauging good performance vs. not? • Will funds continue to be aggressive with LPs on how they split Martin Haemmig • What benchmarks do you use for comparing the performance of other fees they collect in connection with a deal? Adj. Professor & Senior Advisor on the Globalization of Venture • Manage existing successful fund relationships when those firms Capital, CeTIM & STANFORD UNIVERSITY your GPs/fund investments to the overall market? continue to raise increasingly larger funds that necessitate a Martin’s venture capital research covers 13 countries in Asia, Europe, Israel and • Other than numbers, what softer measures do you employ to USA. He lectures and/or researches in UC Berkeley, Stanford, UniBW Munich, change in investment strategy ETH Zurich, as well as China’s Peking, Tsinghua-Insead, Renmin, Fudan, and gauge GP/fund performance? Moderator: Dwight Kadar, Former Investment Director JiaoTong University and recently added the leading Indian Institutes. He is Senior Moderator: Joanna Peters, Managing Principal Advisor on Venture Capital to Stanford-SPRIE and was appointed as expert and COOPER INDUSTRIES faculty for the China Research Center at UC Berkeley for China and to the Private STRATCON GLOBAL Dwight retired on March 31, 2006 from Cooper Industries Limited. He had Equity Center of Thunderbird University. Joanna is the Managing Principal of StratConGlobal, Inc. a strategic advisory firm responsibility for Cooper’s $1.7 billion worldwide retirement fund. Dwight joined based in New York. Joanna has undertaken build outs and workarounds in the Cooper in 1979 as Manager of Finance Analysis. He was appointed Director of 12.50 Lunch emerging markets (India, Korea, Taiwan, Indonesia, Vietnam, Latin America, Budgeting & Analysis in 1980 and Director of Investment Management in 1983. Eastern Europe) advised restructurings in the Kingdom of Saudi Arabia and the Prior to joining Cooper, Dwight held numerous senior level financial positions at GCC, driven rollups in Asia and the United States and has acted as advisor and the Ford Motor Company. DISSECTING THE LP AGREEMENT interim COO on new private equity ventures in the offshore oil and gas sectors. Alexander Abell, Director, BLACKROCK 2.00 Michael Mazzola, Director Private Equity, METLIFE Alexander is a member of the Private Capital Strategies group within BlackRock Michael is responsible for MetLife’s U.S. private equity investment unit which Alternative Advisors. He is responsible for sourcing, performing due diligence on Trends In Transparency, Reporting & Disclosure: includes partnerships focused on leveraged buyouts, venture capital and the and monitoring private capital and real assets fund managers. He joined energy and power sector. His investment experience includes the management BlackRock in 2007 following the acquisition of the fund of funds business of Examining The Implications For The LP Agreement of private equity partnerships as well as a long history of direct investments in Quellos Group, LLC. At Quellos Group, he was an Associate Director, responsible buyouts and venture-backed companies. for conducting due diligence on private capital strategy investments for Quellos • FAS 157 & valuation: determining the extent of LP due diligence Private Capital Markets. • What terms and conditions are most important to investors? Pierre Fortier • Bridging the gap between LPs and GPs’ differing priorities Vice President Funds- Private Equity Peter Keehn, Head of Alternative Investments Patricia Jeanjean, Portfolio Manager CAISSE DE DEPOT ET PLACEMENT DU QUEBEC ALLSTATE Pierre rejoined Caisse de Dépôt et Placement du Québec in 2002 as Vice Mr. Keehn joined Allstate in 2003. Previously, he was a Principal at Waud Capital CAISSE DES DEPOTS ET CONSIGNATIONS President, Funds in the private equity group. He was previously Managing Director Partners and a Director at Northwestern Investment Management Co. He serves Patricia joined Caisse des Depôts (CDC) in 2004. She is in charge of private equi- with CCFL Advisory Services Inc. (1999-2002). Before that he was Senior Vice on the Advisory Boards of several private equity and mezzanine funds and non- ty, managing 60 funds that invest in the full spectrum of private equity invest- president with KPMG Corporate Finance Inc. With a career spanning close to 28 profit organizations and has been a director of several private companies. ments including buyout, mezzanine, distressed and venture and in term of geo- years, he has accumulated a vast experience in financing, mergers and acquisi- graphical areas : 40% in US, 50% in Europe and 10% in Asia. Before joining CDC, tions, financial restructuring and turnaround work in both domestic and foreign Derek Murphy, First Vice President, Private Equity Patricia worked for Fondinvest Capital, where she held the position of investment corporate settings across several industries. manager both in primary funds and secondary acquisitions. PSP INVESTMENTS Mr. Murphy joined PSP Investments in March 2004 as First Vice President, Private Scott Simon, CIO Theodore P. Economou Equity. From 1998 to 2004, he was President and Chief Executive Officer as well FIRE & POLICE PENSION ASSOCIATION OF Assistant Treasurer, Corporate Finance, ITT as founder, of Barnridge Inc., a private investment company. Prior to Barnridge, he Theodore Economou manages ITT’s $6 billion in pension and benefits assets and worked in the investment banking sector from 1986 to 1997 for such companies COLORADO liabilities worldwide, and is a member of ITT’s Pension Fund Trust and as J.P. Morgan and Swiss Bank Corporation Warburg. Scott is Chief Investment Officer for the Fire and Police Pension Association of Investments Committee. ITT’s pension fund ranked in the 1st percentile for the Colorado (FPPA) with responsibility for supporting the Board of Directors in the 1-year, 3-year, 5-year, and 10-year periods ending Sept. 30, 2007, compared to 10.20 overall design and implementation of the investment strategy of the Association’s the peer universe of large U.S. corporate pension plans. In 2005, ITT was recog- funds. FPPA currently manages $3.6 billion in defined benefit and defined contri- nized as “Best Corporate Plan Sponsor” by Institutional Investor. Limited Partner Private Equity Trends bution plans. • What’s new? GLOBAL ALLOCATION • What is changing? 5.10 End of Investor Summit • What is staying the same? 2.40 Kathy Jeramaz-Larson, Executive Director Successfully Allocating To The Emerging Markets: INSTITUTIONAL LIMITED PARTNERS ASSOCIATION (ILPA) Developing A Checklist For Capital Deployments 7.30 Kathy Jeramaz-Larson was appointed to the ILPA in January 2007, with a man- Globally date to execute an aggressive strategy to build out the organization’s education LP Only Dinner and research platforms as well as broaden the footprint of the ILPA globally. Prior • Drive capital deployments to the next hot emerging markets and to joining the ILPA, Ms. Jeramaz-Larson was the COO at Macdonald & Associates, accessing top tier managers Network with fellow LPs and discuss current a boutique research firm that tracked the activities of the Private Equity and • Emerging market overview: Where are LPs investing concerns in an exclusive LP only setting. To register for this dinner, Venture Capital markets in Canada. She led the transformation of the firm from please e-mail [email protected] a consulting practice to an online subscription-based business before spearhead- geographically and how will this change in the coming 18 months? ing the firm’s sale to Thomson Financial in mid-2005. • Outline regional and legal concerns that you need to be aware of This session is open to LPs only, subject to qualification. 10.40 Morning Coffee when investing globally
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6.45 - 7.30 Talking LP Only Breakfast Electronic Polling Session Respond To Industry Questions With DISTRESSED Hosted by Breakfast Leaders: Commentary From An Executive Panel 10.55 Jim Treanor, Senior Investment Officer, Alternative Investments 9.20 Harnessing Opportunities In Distressed: In An Era Of FLORIDA STATE BOARD OF ADMINISTRATION Rising Defaults, Where Are The Opportunities This Time Kathy Jeramaz-Larson, Executive Director, ILPA Where Will The Value Come From In Private Equity & Round? What Will Be The New Sources Of SuperReturns? Discuss the latest concerns of LPs over coffee and bagels, and get • Impact of credit crunch on default rates: Current levels and Compare Your Views With Those Of Your Peers: Give Your Responses crystal ball gazing wired for the sessions to come. This session is open to LPs only, sub- To Industry Questions & See The General Consensus On The Screen ject to qualification. To register, please e-mail • Does this cycle differ from previous business cycles? In 10 Seconds • What opportunities will the next 6-12 months present in [email protected] Board Member Moderator: Les Brun, distressed investing? FORTUNE MANAGEMENT Moderator: Lawrence Gottlieb 7.30 Registration And Morning Coffee Chairman & CEO, SARR GROUP Les is a member of the board of Fortune Management Inc and Chair- Bankruptcy & Restructuring is Chairman of the firm’s private equity management group. COOLEY GODWARD KRONISH LLP He is also Chairman and CEO of Sarr Group. Sarr is an invest- Mr. Gottlieb is Chair of the Cooley Godward Kronish Bankruptcy 7.50 ment holding company for Les’s personal investments. Prior & Restructuring practice and a member of the Management to Sarr, Les founded and was Chairman Emeritus of Hamilton Committee. He joined Kronish Lieb Weiner & Hellman in 1998, Chairman’s Welcome Lane, the world’s leading private equity advisory and management firm with which was merged into Cooley in 2006. He is resident in the Derek Zissman, Senior Advisor to over $40bn in assets. New York office. Mr. Gottlieb is listed in The Best Lawyers in America and was named by Turnarounds and Workouts as one of the twelve top KPMG PRIVATE EQUITY TJ Maloney, President bankruptcy lawyers in the country. Derek is an advisor to KPMG’s US private equity group. A co-founder of KPMG’s UK private equity group and former Vice LINCOLNSHIRE MANAGEMENT Chairman of the UK firm, Derek was for many years involved in Prior to becoming President of Lincolnshire in 1998, Mr. Marcia Haydel, Managing Director advising clients on transactions in the UK, Continental Europe Maloney served as a Managing Director of Lincolnshire begin- PERFORMANCE EQUITY MANAGEMENT and USA ning in 1993. Prior thereto, he practiced merger, acquisition and Prior to the formation of Performance Equity Management in June securities law. Mr. Maloney serves on the board of directors of 2005, Ms. Haydel was a Portfolio Manager of the Private a number of companies. He is a member of the Board of Markets Group for GMIMCo. Prior to joining GMIMCo in 1999, Trustees and the finance committee of The Tilton School, a Ms. Haydel was a Vice-President of Fixed Income at Alliance Keynote Industry Address member of The Dean’s Planning Council at Fordham University School of Law, a Capital Management, where she was responsible for making member of the Board of Directors of The English-Speaking Union of The United leveraged loans to companies in the telecommunications, media CHANGE States and also serves on the Board of Directors for the Boston College Center and cable industries. Prior to 1998, Ms. Haydel was a Director of Investments at for Asset Management. MetLife Investments Ltd. in London, where she was responsible for managing 8.00 MetLife’s European direct private equity and mezzanine portfolio, as well as its European fund sponsor relationships. How The Private Equity Industry Is Changing Before Our David Roux, Founder & Co-Chief Executive SILVER LAKE Eyes Dave Roux was formerly Chairman and CEO of Liberate Marc Lasry • Challenges facing private equity in the post golden-age era Technologies, Executive Vice President at Oracle Corporation and Founder & Senior Managing Director Senior Vice President at Lotus Development. Mr. Roux began his • Where will the returns come from? technology career as co-founder and CEO of Datext, Inc., the first AVENUE CAPITAL Mr. Lasry is a founder of Amroc Investments, LLC (“Amroc”). • What will keep investors happy? commercial CD-ROM publishing company. He serves on the board of Thomson S.A. and is Chairman of the Avaya and Serena Distressed investing has been the focus of his professional • Private equity and sovereign wealth - allies or competitors? Software boards. He is a trustee at Environmental Defense, The Center for career for over 21 years. Prior to operating Amroc as an inde- Advanced Study in the Behavioral Sciences at Stanford University and an advisor pendent entity, Mr. Lasry managed capital for Amroc David Rubenstein to the Positive Coaching Alliance. Investments, L.P. Prior to that, Mr. Lasry was Co–Director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company. Mr. Co-Founder & Managing Director Lasry also clerked for the Honorable Edward Ryan, former Chief Bankruptcy Judge THE CARLYLE GROUP Pierre Fortier of the Southern District of New York. David co-founded the firm in 1987. Since then, Carlyle has Vice President Funds- Private Equity grown into a firm managing more than $70bn from 30 offices Mark Rachesky, Co-Founder & President around the world. From 1975-76 David served as Chief Counsel CAISSE DE DEPOT ET PLACEMENT to the U.S. Senate Judiciary Committee’s Subcommittee on MHR FUND MANAGEMENT Constitutional Amendments. From 1977-1981, during the Carter DU QUEBEC MHR manages in excess of $5 billion and invests in distressed Administration, David was Deputy Assistant to the President for Domestic Policy. Pierre rejoined Caisse de Dépôt et Placement du Québec in and undervalued middle market companies, utilizing both hedge After his White House service and before co-founding Carlyle, David practiced law 2002 as Vice President, Funds in the private equity group. He fund and private equity fund strategies. Prior to founding MHR, in Washington with Shaw, Pittman, Potts & Trowbridge (now Pillsbury, Winthrop, was previously Managing Director with CCFL Advisory Services Dr. Rachesky was Carl C. Icahn’s chief investment advisor, after Shaw, Pittman). Inc. (1999-2002). Before that he was Senior Vice President with KPMG working for three years as an investment advisor for an affiliate Corporate Finance Inc. With a career spanning close to 28 years, he has accu- of the Robert M. Bass Group. Dr. Rachesky has served on mulated a vast experience in financing, mergers and acquisitions, financial numerous Bankruptcy Creditors’ Committees. restructuring and turnaround work in both domestic and foreign corporate set- LP CONFIDENTIAL tings across several industries. George Siguler, Managing Director & 8.40 Founding Partner, SIGULER GUFF George is responsible for directing Siguler Guff’s private equity investment strategy and is the firm’s Chief Investment Officer. Private Equity As An Asset Class: Setting The Prior to founding Siguler Guff, Mr. Siguler was a Managing Investment Return Assumption To Make The Right Director and head of PaineWebber’s Private Equity Group from 1991 until Siguler Guff became independent in 1995. Mr. Siguler Allocation “SuperReturn International has was a founding partner of the Harvard Management Company in the early 1970s, and initiated and managed its venture capital, buyout and hedge • How do LPs make asset allocation decisions when comparing the long been the standard in fund activity. He also served as Associate Treasurer of Harvard University. risk and return potential for private equity in developing markets vs. in comparison to opportunities in established Europe for PE conferences. markets? CREDIT CRUNCH • What are the options available for LPs without proper resources to I’m happy to hear 11.35 execute an emerging market strategy to still achieve emerging market exposure? they’re coming to the U.S.” Credit Crunch: What Next For The Mega-Buyout Market Moderator: Kelly DePonte, Partner John Schumacher, CEO, New York Life Capital Partners – Future Fundraising, Realizations & Distributions? PROBITAS PARTNERS • How have the debt markets changed the way buyouts are Kelly has twenty-six years’ industry experience and is responsi- structured? ble for Probitas Partners' research and due diligence. Prior to joining Probitas Partners, Kelly was Chief Operating Officer and • Are larger deals still better? Managing Director at Pacific Corporate Group (“PCG”), where he • The role of hedge funds in the liquidity bubble oversaw the partnership investment program, which comprised THE CREDIT CYCLE more than $20 billion in capital dedicated globally to private • The reaction of central banks and lessons for the future equity. As a member of the firm's Investment Committee and Chair of the 10.00 Moderator: Jon Moulton, Managing Partner Investment Team, Kelly reviewed and approved private equity investment recom- mendations for discretionary and non-discretionary accounts. Before joining PCG, What Are The Consequences Of The Current Credit ALCHEMY PARTNERS Kelly held various senior positions at First Interstate Bancorp. Alchemy is a UK-based private equity firm, which has invested Cycle: Is It Different This Time? €1bn of equity with an emphasis on dealing with troubled com- panies. Jon previously worked with Citicorp Venture Capital in Joseph J. Haslip Howard Marks, Chairman New York and London, Permira and Apax. He has been a direc- Assistant Comptroller for Pensions tor of five public companies, numerous private companies and OAKTREE CAPITAL MANAGEMENT is currently a director of the US-based Irvin parachute business, NEW YORK CITY RETIREMENT SYSTEM Since the formation of Oaktree in 1995, Mr. Marks has been the Cedar IT business, Sylvan (timber), Wardle Storeys (industrial plastics) and Joseph current serves as the New York City Comptroller’s responsible for ensuring the firm’s adherence to its core invest- Datapoint, a telecommunications business. trustee representative to four of the city’s five pension boards. ment philosophy, communicating closely with clients concerning The New York City Retirement System is composed of the five products and strategies, and managing the firm. From 1985 pension boards which are as follows: The New York City until 1995, Mr. Marks led the groups at The TCW Group, Inc. Thomas H. Lee, President Employee Retirement System, the New York City Teachers that were responsible for investments in distressed debt, high LEE EQUITY PARTNERS Retirement System, the New York City Police Pension Fund, The yield bonds, and convertible securities. He was also Chief Thomas H. Lee has been involved in the management of private New York City Fire Pension Fund as well as the New York City Board of Education Investment Officer for Domestic Fixed Income at TCW and President of TCW equity investments directly or through funds since 1974. Since Retirement System. The total assets under management for these systems are Asset Management Company, the largest of the TCW companies. Previously, Mr. 1999 he has also directed a series of hedge fund investments approximately $111 billion. Marks was with Citicorp Investment Management. through Blue Star, LLC. From 1966 through 1974, Mr. Lee was with First National Bank of Boston where he directed the bank’s high technology lending group from 1968 to 1974 and became a David Turner, Head of Private Equity 10.25 Morning Coffee Vice President in 1973. Mr. Lee has served as a Director of numerous public and THE GUARDIAN LIFE INSURANCE private corporations including General Nutrition Companies, Metris Companies, Inc., Playtex Products, Inc., Snapple Beverage Corp., Vail Resorts, Inc. and COMPANY OF AMERICA Warner Music Group. David joined Guardian's Investment team in June 2007 to lead the roll-out and development of their private equity initiative. He has over 25 years’ experience in private equity investing and port- Richard A. Friedman, Managing Director and folio management. David has originated and led over 60 private Sponsorship and Exhibition equity investments totalling over $4 billion in committed capital Head of Merchant Banking and managed portfolios totalling over $17 billion in cumulative commitments. GOLDMAN SACHS Previously, David was General Partner, then CEO and CIO at WestLB Mellon Asset Opportunities As well as being Head of the Merchant Banking Division, Rich is Management. Prior to WestLB Mellon, David was Director of the Alternative a member of the Management Committee and the Real Estate Investments Division and Senior Portfolio Manager for the State of Michigan If you would like to find out more about Principal Investment Committee and Chairman of the firm’s Retirement System's Alternative Investment Division. Investment Committee. Rich is Chairman of the Board of sponsorship and exhibition opportunities Yankees Entertainment and Sports Network (YES) and serves on the Board of Trustees of Brown University, Mount Sinai Hospital, Central Steven Costabile please contact Synagogue and Horace Mann School. Managing Director, Co-Head of Private Equity Funds Group Terri Graber, tel: +1 212 661 3500 x3127 Wilbur Ross, CEO & Chairman, WL ROSS Wilbur Ross may be the best known turnaround financier in AIG INVESTMENTS e-mail [email protected] the U.S., having been involved in the restructuring of over Steven joined AIG Investments in 2000 and is the Managing $200 billion of defaulted companies’ assets around the Director of the Private Equity Funds Group. His current responsi- world. Mr. Ross organized International Steel Group in April bilities include overseeing all private equity funds investments in 2002. Recent restructurings include the organization of the developed markets, as well as sourcing, due diligence, mon- Or Edward Jones, tel: +44 20 7017 7223 International Coal Group and the formation of International itoring product development and marketing. Steven’s private investing and valua- Automotive Components (“IAC”) which now has revenues of tion experience dates back to 1990. Previously, he was a Vice President at Credit e-mail [email protected] $5.5 billion and 23,000 employees in 17 countries. This year Suisse First Boston (CSFB) in the Private Funds Group. the Ross Funds acquired the sub prime mortgage servicing business of American Home Mortgage.
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HEDGE FUNDS & PRIVATE EQUITY Ravi Vish, CEO Stream B WESTLB MELLON ASSET MANAGEMENT Emerging Market Focus 12.10 Mr. Vish is the Chief Executive Officer of the Private Equity Group, Chairman of the Investment Committee, a Portfolio Manager for COREplus I, and Deal Team The Confluence Of Hedge Funds And Private Equity: Are Leader with responsibility for Fund Investments and co-investments. He has over 27 years of experience spanning fund investments, direct investments, project EMERGING MARKETS SNAPSHOT Hedge Funds Purely Competitors, And If Not, How Can finance and investment banking. Prior to joining the Adviser, Mr. Vish worked for 3.00 Buyouts Work With Hedge Fund Money? 18 years at the International Finance Corporation • The increasing activity of hedge funds in the private equity space (speaker tbd) Emerging Markets Returns To Date: The Fundraising • Reconciling the differing drivers between hedge fund and PE AMERICAN CAPITAL STRATEGIES Landscape, Searching For Yield & The Next Hotbed Of investing for further information, please see the website at Opportunities • Exploiting hedge fund interest in PE deals www. superreturnUS.com • Global returns snapshot of 2007: What can we expect for 2008? • Creating win-win situations • Driving the next phase of superior returns: Where are Thomas H. Lee, President, LEE EQUITY PARTNERS 3.50 investment dollars needed next? (see biography on p.5) Trends In Mid Market Investing • Macroeconomic snapshot: How have emerging markets returns (speaker to be confirmed) shaped the global economy? Global Macroeconomic Address For updates please visit website at www.superreturnUS.com • Risk: Are the perceived risks the real risks? If not, how do they dif- fer? 12.35 • Risk mitigation: Three key approaches/tools used to control invest- Unravelling The Fundamental Changes In Global 4.15 Afternoon Tea And Speed Networking ment risks Economic & Political Dynamics: Oil Prices, Recession, The most efficient way to make a large number of new contacts in a • Returns: How do you establish your targeted rate of return on Demography & Capital Flows short space of time. Sign up on the day at the conference investments? What criteria do you use? • What is the economic outlook? Where do the imbalances lie? registration desk. Patricia Cloherty Chairman & Co-Managing Partner • From emerging markets to emerging powers: What are the poten- DELTA PRIVATE EQUITY PARTNERS tial opportunities in and threats from Asia, Russian Federation & FOCUS ON EUROPE Before joining Delta Private Equity Partners, Patricia was Co- Middle East? 4.45 Chairman, President and General Partner of Apax Partners, Inc. (formerly Patricof & Co. Ventures, inc.), which she joined in • Understanding the context of a changing world Tapping The Potential Of The European Mid Market: 1970, and from which she withdrew in 2000. She is a past President and Chairman of the National Venture Capital • Looking ahead to 2009 Where Can You Best Deploy Capital? Association of the United States. In 1991, President George H.W. Bush appoint- Marvin Zonis, Professor Emeritus • The track record: How do European mid market funds compare to ed her to chairman of an Investment Advisory Council to revamp the Small Business Investment Company program of the U.S. Small Business GRADUATE SCHOOL OF BUSINESS, those of other regions? Administration. In 2004, she was named Businessperson of the Year by the UNIVERSITY OF CHICAGO • Country funds versus pan-European funds American Chamber of Commerce in Russia. Marvin Zonis teaches courses on International Political • Exiting in Europe: What can we expect to see in late 2008/2009? Economy, Leadership, and E-Commerce and was the first profes- James Seymour, Managing Director sor at the Business School to teach a course on the effects of • LP perspective on the European mid-market: why invest in these EMP GLOBAL digital technologies on global business. He also consults to cor- funds? Prior to joining EMP in 2006, Jim was with Commonfund Capital, porations and professional asset management firms throughout the wholly owned subsidiary of Commonfund which manages its the world, helping them to identify, assess, and manage their Moderator: Philippe Poggioli, Managing Partner private capital programs. Mr. Seymour was primarily responsible for political risks in the changing global environment. Zonis has an unique aware- the international private capital programs at Commonfund and ness of the intersections of politics, economics, and emergent technologies. He ACCESS CAPITAL PARTNERS Commonfund Capital. Mr. Seymour had been with Commonfund argues that accelerating technological developments drive globalization both eco- Philippe has spent 11 years in private equity, joining Access in September 1999. since June 1993. Previously, Mr. Seymour spent 18 years with nomically and politically. And in the face of these global challenges, business He was previously a fund of funds manager for the European Investment Fund Bankers Trust Company in the international banking and corporate leadership, and a true understanding of what defines leadership, is more essen- (EIF) in Luxembourg. He spent 6 years at the European Commission in Brussels finance area including 12 years living and working in Bahrain, tial than ever. Marvin Zonis has written extensively on digital technologies and specializing in R&D funding and seed capital for SMEs and 2 years as small busi- Manila, Taipei, Istanbul, and London and more recently was Division Head for the globalization, emerging markets, Middle Eastern politics, the oil industry, Russia ness consultant (Technofi, France). Americas in the Global Assets Department. and U.S. foreign policy. He is also a leading authority on Middle Eastern politics, and has spent the last 40 years studying the volatile mix of Islam, terrorism, and David Jeffrey, Partner, PARISH CAPITAL Steven Cowan, Managing Director the Middle East. Mr. Jeffrey is based in London and manages a team of investment professionals focusing on primary, secondary and direct investments throughout Europe. Prior PCG ASSET MANAGEMENT to Parish Capital, Mr Jeffrey was Managing Director of BancBoston Capital’s Steve focuses on making investments and providing advice with 1.30 European and Asian operations. During his tenure at BancBoston Capital he was respect to private equity markets outside the US and Western responsible for sourcing and executing over 60 private equity deals. Mr. Jeffrey Europe. Prior to joining PCG International Steve served at OPIC Lunch & Off The Record Lunch With Marvin Zonis ultimately took responsibility for the strategic re-alignment of BancBoston for 10 years most recently as Director in the Investment Funds Capital’s European activities, first within FleetBoston Financial, and subsequently Department where he was responsible for structuring new as part of Bank of America’s global private equity group. funds, designing and implementing the program’s asset alloca- tions plans, selecting managers, and managing a portfolio of QUICK-FIRE SHOWCASE Hannes Ambacher, Member of the Executive Board of Global fund investments for the £3.5bn investment funds program. Your chance to present your fund to the SuperReturn U.S. audience: 3 Private Equity IV Holding AG, Member of the Alternative Theodore P. Economou minutes in which to inform, entertain and persuade! Details will be Investments Team, BANK GUTMANN Assistant Treasurer, Corporate Finance, ITT Hannes has more than 17 years of professional experience, over 11 years of Theodore Economou manages ITT’s $6 billion in pension and sent prior to conference. which in private equity investments and 6 years in technology consulting. Prior to benefits assets and liabilities worldwide, and is a member of joining Bank Gutmann in 2006, he co-founded GCP Gamma Capital Partners, a ITT’s Pension Fund Trust and Investments Committee. ITT’s leading Austrian technology venture capital firm. pension fund ranked in the 1st percentile for the 1-year, 3-year, AFTERNOON STREAMED SESSIONS 5-year, and 10-year periods ending Sept. 30, 2007, compared to Stefan Hepp, Founding Partner & CEO the peer universe of large U.S. corporate pension plans. In Stream A 2005, ITT was recognized as “Best Corporate Plan Sponsor” by STRATEGIC CAPITAL MANAGEMENT Institutional Investor. Mid Market Focus SCM is a leading European advisor/gatekeeper focused on institutional private equity and real estate portfolios representing assets under management of about $5bn. Prior to founding SCM, Stefan worked for a number of years at Chaired by: Ian Pugh Morgan Stanley Dean Witter in London and later in Zurich where he was head of Talking Principal Transaction Services Boston, KPMG the institutional business of the equity division. Ian has extensive M&A experience both in the U.S. and Europe for private equity ASIA and strategic buyers and has been advising private equity clients for the past 10 3.25 years across a variety of industries. His work includes acquisition and vendor due SOURCING DEALS diligence and transaction structuring. Selected clients include Apollo Investing And Exiting In China & South East Asia: Management, TA Associates, Polaris Venture Partners, Time Warner Cable and 5.10 Liberty Media. Proven Strategies For Fundraising And Capital Proactive Strategies For Sourcing Deals In The Mid Deployment Talking Market: Effectively Building A Network Of Relationships • Effectively injecting capital into the rapidly developing countries in • Investment priorities and business models in mid market firms the region MID MARKET • Size, geography, stage or business characteristics • LP Perspective: How to take advantage of the fast growing markets of China and Southeast Asia • Proactively sourcing deals: where do you start looking? 3.00 • Vietnam and beyond: Pinpoint the confluence of factors that need Moderator: Keith M. Rosenbloom, Managing Member What Is The Outlook For Mid Market Transactions And to be at work to push investing to the next level CARE CAPITAL GROUP Moderator: Fundraising And What Value Do Mid Market Players CARE Capital Group is an investment partnership focused on investing in hedge funds and creating specialized alternative investment opportunities since Fanglu Wang, Managing Director Bring To The Private Equity Space? September 2003 until the present. Keith has previously served as Portfolio Manager for both the CARE Fund, Care Market Neutral Fund and the ComVest CITIC CAPITAL • Maintaining solid risk-adjusted returns in constantly changing eco- Absolute Return Fund since their inception in 2002. Mr. Rosenbloom served as Fanglu Wang is CITIC Capital's Managing Director for Special Situations. He nomic and capital market conditions the Director of Merchant Banking for Commonwealth Associates from 1996 to has over 14 years experience in capital markets, corporate finance, financial 2001. engineering and derivates. He has led several major capital raising transac- • Strategies for performance across cycles tions for the China Ministry of Finance and other major corporations. Mr. Wang • Deal flow: Where will tomorrow’s mid market deals come from? Christopher Stringer, Director, PRIVATE ADVISORS was the former Head of Product Marketing and Sales for China at HSBC, a Mr. Stringer is responsible for private equity manager research, due diligence, Director in Investment Banking and Debt Capital Markets at Merrill Lynch Asia, • The LP perspective: Why invest in mid market funds? selection, and monitoring. Prior to joining Private Advisors, Mr. Stringer was a a Vice President at Citibank Hong Kong and an Executive Director at Sakura Global Capital. Moderator: Vice President at Jefferson Capital Partners, Ltd., a private equity firm focused on late stage growth capital investment opportunities. At Jefferson Capital, Mr. James Rutherfurd, Executive Vice President & Stringer was responsible for screening new investments, conducting due dili- Frank Tang, Advisory Director Managing Director, VERONIS SUHLER STEVENSON gence, structuring new and follow-on investment terms, monitoring existing port- TEMASEK HOLDINGS, CEO Mr. Rutherfurd is Executive Vice President of Veronis Suhler Stevenson and folio company progress, assessing investment exit opportunities, and generating quarterly LP and financial reports. FOUNTAINVEST PARTNERS Managing Director responsible for fundraising, investor relations, marketing, Mr. Frank Tang is the CEO and Managing Partner of FountainVest press relations and the VSS funds' co-investment program. He joined VSS in Ken Hanau, Founding Partner, 3i GROWTH CAPITAL Partners, a private equity fund dedicated to China and managed by January 1999 from JP Morgan & Co., where he served as a Managing Director in Chinese. Between May 2005 to October 2007 Mr. Tang headed the Mergers & Acquisitions Group and Co-Head of JP Morgan's Media investment Prior to joining 3i, Ken held senior positions with Weiss, Peck & Greer and Halyard Capital, leading investments in the media, communications and business Temasek’s investment in China. As Senior Managing Director, he banking team. He was previously a Director in The First Boston Corporation's sat on the Senior Investment Committee and Management Media Group. services sectors. In addition to his private equity experience, Ken worked at Morgan Stanley in investment banking and at K&H Corrugated Case Corporation, Committee of Temasek Holdings, headquartered in Singapore. Mr. Tang led several a family-owned business. billions of US dollars of international investments for Temasek Holdings. Mr. Tang Steven Rattner became an Advisory Director of Temasek Holdings in October 2007, after leaving Temasek full time to found FountainVest Partners. Mr. Tang was with Goldman Sachs Managing Director and Head of DLJMB W. Dexter Paine III, Co-Founder & President, FOX PAINE for nearly 11 years. DLJ MERCHANT BANKING PARTNERS W. Dexter Paine, III is the co-founder of Fox Paine & Company, serving as Mr. Rattner joined Credit Suisse First Boston (“CSFB”) in President since its inception in 1997, and is the CEO of Fox Paine Management Ludvig Nilsson, Managing Partner, JADE INVEST November 2000 when the Firm merged with Donaldson, Lufkin III, LLC, the manager of Fox Paine Capital Fund III. Previously Mr Paine worked at Prior to founding Jade Invest, Ludvig worked as a strategy consultant for & Jenrette (“DLJ”), where he was Head of International Fixed KKR to establish and head the firm’s West Coast Office. Prior to that, he was PricewaterhouseCoopers where he focused on commercial due diligence for pri- Income. Mr. Rattner was one of the founding partners in DLJ’s general partner of Robertson Stephens & Company. vate equity clients. Ludvig’s experience includes a wide range of China focused #1 ranked leveraged finance business. In 2000, Mr. Rattner private equity investment consulting projects for major blue-chip clients in sectors became Head of DLJ’s European Fixed Income business in London serving on the Michael S Falk, Chairman, THE COMVEST GROUP, ranging from traditional industries to business services. Ludvig has spent nearly board of DLJ International. Upon the merger with CSFB, Mr. Rattner became the Managing Partner, COMVEST INVESTMENT PARTNERS a decade in China working for both local and international firms including Roland Head of European Leveraged Finance responsible for all underwriting and client Over the past twenty years, Mr. Falk has structured and led equity investments of Berger Strategy Consultants and the Swedish Consulate’s investment advisory coverage involving the high yield and syndicated loan products. up to $50 million in over 100 small to medium size growth oriented businesses department. many of which have created significant equity valuations and/or have been Henry B. Nguyen, Managing General Partner Terrence Mullen, Co-Founder & Managing Director acquired. Mr. Falk is Chairman of the Commitment Committee of ComVest Capital which provides secured and mezzanine loans to small businesses and is an adviso- IDG VENTURES VIETNAM ARSENAL CAPITAL PARTNERS ry board member of Commonwealth Associates, a New York City based merchant Prior to joining IDG Ventures, Henry was the Managing Director in Asia for VITC, a Arsenal Capital Partners is a leading New York-based private equity firm with and investment bank that Mr. Falk co-founded in 1988. U.S. telecommunications company specializing in IP services and technology. $800 million of equity capital under management and invests in healthcare, spe- During his time at VITC, the company grew from start-up to over $30M in revenue cialty industrial product and services, and financial services companies. Prior to annually. Prior to joining VITC, Henry was an Associate at Goldman Sachs in Arsenal, Mr. Mullen was a principal at Thomas H. Lee Partners, L.P., a $12 billion 5.40 Networking Champagne Roundtables Equity Research in the Technology and Enterprise Software Group based out of leveraged buyout firm, where he invested in manufacturing, services and media New York. companies. See p.10 for further details
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Day Main Conference 1 Tuesday June 3, 2008
INDIA FOCUS Stream C SECONDARIES: VIEW FROM THE LPS 3.50 Market Developments 5.10 India Country Clinic: Pinpointing Local Partners And 3.00 Assessing LP Appetite For Secondaries: Do The Returns Portfolio Companies While Mitigating Risk THE TAX MAN COMETH Justify The Fees In What Has Become A Commodity • Weighing the pros and cons of choosing local managers versus Market? global managers Sacred Cows Becoming an Endangered Species • Proposed (or possibly enacted) changes regarding the US tax treat- • Are secondaries too expensive now? • Understanding the differing political and legal risks of investing in ment of carried interests, unrelated business taxable income, and • Where do LPs see the returns coming from? this rapidly developing nation publicly traded partnerships • Which strategies look most attractive? • LP concerns: Develop a checklist for what to look for when choos- • To what extent are the US changes part of a larger global effort to Moderator: Frank Morgan, Partner, COLLER CAPITAL ing a fund Frank founded and heads up the Coller Capital’s U.S. office based in New York. He re-examine the role of private equity and the tax rules applicable to • Infrastructure and beyond: What’s next on the horizon for is responsible for deal origination, execution and monitoring of investments and GPs and LPs? serves on the firm’s Investment and Executive Committees. Prior to joining Coller investing in India? Capital, Mr. Morgan was a practicing lawyer with several law firms, most recently as Phillip Gall, Partner Gopal Jain Co Moderators: a Partner at Dewey Ballantine LLP in New York City. COOLEY GODWARD KRONISH LLP Managing Director Mr. Gall is a partner in the Cooley Godward Kronish Tax Practice Anselm Adams, Chair, ADAMS CAPITAL PARTNERS GAJA CAPITAL group. He joined Kronish Lieb Weiner & Hellman in 1994, which Anselm Adams has more than 16 years of experience in investment banking and was merged into Cooley in 2006. He is resident in the New York private equity. Prior to founding a multi-family office, Adams Capital Partners, he Gopal has been investing in India for over 16 years, in both the private and public had worked in Goldman Sachs, Merrill Lynch and Schroders. markets, and is among the pioneers in equity research and investment manage- office. Mr. Gall has earned industry recognition for a broad prac- ment in India. Gopal has made 18 private equity investments in India that include tice covering all areas of income taxation. He has represented CNBC-India (Television Eighteen) and IndiaLife Hewitt. He is a charter member of large public corporations as well as private businesses and high- Christine Pastore, Alternative Investment Officer, the Mumbai chapter of The Indus Entrepreneurs (TiE). Gopal has a degree in net-worth individuals. Mr. Gall has also represented clients in disputes with federal Head of Private Equity Electrical Engineering from the Indian Institute of Technology Delhi. and state taxing authorities at all levels. NEW JERSEY DEPARTMENT OF THE TREASURY Victor Zonana, Principal, International Tax Christine has been with the New Jersey Division of Investment since January Varun Sood 2005. The State Investment Council, which governs the Division, put forth a plan Managing Partner KPMG to invest 13% of the total pension assets into Alternative Investments in Victor joined KPMG LLP in London in July 2002 and returned to November 2004, of which 5% is to be invested in private equity. Ms. Pastore is CAPVENT New York in January 2007. Previous roles included Senior Tax responsible for devising the business plan for private equity asset allocation. Ms. Varun is a co-founder of Capvent AG. He jointly manages the firm's investment Partner and Counsel, Arnold & Porter, (New York) Professor of Pastore had 15 years’ prior experience with the New Jersey Legislature. As a activities and operations. Previously, Varun was an Executive Director and Head Law and Adjunct Professor of Law, New York University School of Deputy Budget Director for the General Assembly, she was responsible for func- of the Continental European LBO group at Société Générale, and a Vice President Law and Brooklyn Law School and Head of Tax Department, tions related to the General Assembly’s role in the State’s budget process. at ABN AMRO. Kaye Scholer, LLP. Principal areas of practice include tax struc- turing advice on cross-border mergers and acquisitions with a focus on pan- European and global private equity transactions, as well as tax advice on the for- 5.40 Networking Champagne Roundtables Bala Deshpande mation of private equity funds. Director-Investments See p.10 for further details ICICI VENTURES Panelists to be announced. For further information and updates, Bala has 7 years’ experience in Private Equity. She has had multi industry expo- please see the event website at www.superreturnUS.com sure and has worked with leading MNCs such as Bestfoods, Cadburys and ICI. At Stream D ICICI Venture she is using her operational experience to identify opportunities for investment and to play a strategic role in shaping the future of investee compa- Venture Round-up nies. Her private equity experience has seen the full cycle from nurturing young Talking companies to executing exits including IPOs, buy-back, strategic sale and capital Chaired by: John Dado, Partner market divestments. COINVESTMENT COOLEY GODWARD KRONISH LLP 3.50 Mr. Dado is a partner in the Cooley Godward Kronish business 4.15 Afternoon Tea And Speed Networking department. Resident in the Palo Alto office, he has been with Coinvestment - Recent Successes & Common Pitfalls: the firm since 1993 and is part of the Private Equity & Venture The most efficient way to make a large number of new contacts in a Capital practice group. Mr. Dado's practice focuses on the for- Balancing Fees, Risk & Deal Flow mation and operation of private equity firms. He maintains short space of time. Sign up on the day at the conference Moderator: expertise in the formation, governance and investing activities of investment partnerships. He is listed in the Best Lawyers in registration desk. Dominick DeChiara, Chair, Leveraged Buyouts Practice America 2006 and 2007. NIXON PEABODY 4.45 Dominick DeChiara represents private equity and venture capital funds, and pro- vides strategic and legal advice for a variety of corporate transactions, including OUT-OF-THE-BOX THOUGHT LEADER The Latest On Returns In Emerging Markets the structuring, negotiation and execution of leveraged buyouts, control and non- (speaker to be confirmed) control investments, business combinations, growth financings, joint ventures 3.00 Please see www.superreturnUS.com for updates and other strategic transactions. Mr. DeChiara also advises private equity investors in the management of their portfolio companies, including follow-on Tippacanoe And Marketing Too: What We Can Learn acquisitions, restructurings, management incentive plans, corporate governance matters and the implementation of exit strategies such as divestitures, public From Political Campaigns That Can Help Turbocharge A offerings and recapitalizations. Company's Brand And Its Bottom-Line? Japan vs. Korea? Stuart Waugh, Managing Director • The marketing challenge all candidates and companies face today TD CAPITAL PRIVATE EQUITY INVESTORS • The role of intimacy, attitude and personality 5.10 Mr. Waugh joined TD Capital in 2002. Prior to joining TD Capital, Mr. Waugh was a management consultant with McKinsey & Company where he specialized in corpo- • The absolute need for a USP Overcoming The Obstacles To Successful Deal Making: rate finance and strategy, private equity and alternative asset management, advising • Political campaigns we can learn from Taxation, Regulation And Corporate Governance global financial institutions and institutional investors. Previously, Mr. Waugh was an Executive Vice President with BPI Asset Management, a publicly-traded investment Steve Cone, Chief Marketing Officer Although buyouts in Japan have been increasing at a modest pace management firm, and a corporate/securities lawyer with McCarthy Tetrault where EPSILON over the last several years, the deal number and overall value of buy- he advised clients, including TD Capital, on private equity, corporate finance, and Steve works directly with clients in all industries to design, capital markets transactions. implement, measure, and optimize multi-channel marketing pro- outs in Japan still significantly lags the levels of the U.S. and Europe. grams. Steve has established an industry-wide reputation for • Why has this market been slower to develop than many have Lorraine Hliboki, Partner, POMONA CAPITAL programs that drive results, strengthen brands, and deepen cus- Ms. Hliboki joined Pomona in 2007 and leads the firm’s co-investment business. tomer relationships by communicating relevant highly targeted predicted? She has twelve years of private equity experience. Prior to joining Pomona, Ms. messages across a spectrum of media in integrated campaigns. • What are the prospects for increased growth in the sector in the Hliboki spent fifteen years at General Electric, most recently as a Senior Widely considered a leading authority on consumer marketing, Managing Director at GE Equity. In that role, she was responsible for originating, Steve is the author of the best-selling Steal These Ideas: Marketing Secrets That next several years? structuring, negotiating, and underwriting private equity transactions in public and Will Make You a Star, and a highly acclaimed lecturer. His second book, • What are the strengths of the Korean market? private companies in the U.S. and internationally. She also served on the board Powerlines: Words That Sell Brands, Grip Fans, and Sometimes Change History, of directors of a number of private companies in the financial services, health- will be published in April 2008. care and services sectors. Emmett Thomas Steven Benevento, Senior Managing Principal Head of Hong Kong Division NEW YORK LIFE CAPITAL PARTNERS Talking ADVANTAGE PARTNERS Mr. Benevento joined New York Life in 1995 and is currently a Senior Managing Mr. Thomas leads Advantage Partners’ business in Asia, ex-Japan. He focuses on Principal responsible for equity co-investments and fund investing. Prior to NYL- RETURNS buyout and growth capital transactions in a wide range of industries across Asia. CAP, Mr. Benevento managed a portfolio of private equity and non-investment He has been involved with the PE industry in Asia for more than seven years, as grade debt investments within New York Life’s Private Finance Group. Previously, 3.25 an investor and as a consultant. In that time, he has worked on more than 50 PE Mr. Benevento worked in the investment group of TIAA-CREF where he focused on transactions in 10 different countries in the region. Prior to joining Advantage debt and mezzanine investments in the private market. Venture: Where Are The Returns? Separating The Partners, Mr. Thomas was the President of Asia for Monitor Group, the global Myths From Reality strategy consultancy. He spent 18 years with Monitor working in the Boston, Tokyo and Hong Kong offices. 4.15 Afternoon Tea And Speed Networking • Emerging trends and technologies for VC investments: How can they The most efficient way to make a large number of new contacts in a be anticipated? Tomoko Tatara short space of time. Sign up on the day at the conference • Returns in 2007/2008: Myth vs reality Managing Partner registration desk. • Trends over the next 10 years: what will be the hottest goes, CAM NEWMARKETS Speed sectors and technologies? Tomoko Tatara has more than 20 years’ experience in emerging markets and cur- Networking rently works as Managing Partner of CAM NewMarkets Partners, a global private Moderator: John Otterson, Partner, SVB CAPITAL equity fund of funds for non-traditional markets, outside North America and John joined SVB Capital in 2001 and has over 20 years of venture industry expe- Western Europe. Previously, Ms. Tatara was at the International Finance Talking rience. He is responsible for private equity fund investments, as well as investor Corporation for over 13 years. As a Senior Investment Officer, she led private SECONDARIES relations. He previously spent eleven years with Silicon Valley Bank’s Technology equity and debt investments as well as advisory assignments throughout Central Practice, where he founded and led SVB’s San Diego Office. He currently sits on & Eastern Europe, the former Soviet Republics, Asia, Latin America and the 4.45 the Investment Sub-Committee for the University of San Diego and the Dean’s Middle East. Advisory Board for the Rady School of Management at the University of California The Impact Of The Credit Crunch On The Secondaries San Diego. Market And Liquidity 5.40 Networking Champagne Roundtables • Pricing trends and deal flow post credit crunch Bradley M. Dorchinecz, Vice President, Private Equity See p.10 for further details • Who will be selling into the secondaries market and why? NORTHERN TRUST Brad is a Vice President in the Private Equity Fund-of-Funds Group at Northern • Is leverage still an option? Trust, one of the largest asset management firms in the world with over $760 bil- Moderator: Brian Wright, Partner, POMONA CAPITAL lion in assets under management. He is responsible for sourcing and analyzing Institute for International Research is Brian joined Pomona Capital in 1998 and is based in London where he leads venture capital and buyout partnership investment opportunities in the U.S. and Pomona's European activities. Brian has twelve years of private equity experi- Europe. He previously was a Senior Associate at Mercantile Capital Partners, a registered with the National Association of ence. Prior to joining Pomona, he led investor relations for the Hambro Private venture capital and growth fund located in Northbrook, Illinois. State Boards of Accountancy (NASBA) as a Equity Group in London and was with Schroder Ventures and with J. Henry sponsor of continuing professional Schroder & Co. in the Treasury division. David Spreng, Founder and Managing General Partner education on the National Registry of CPE Rudy Scarpa, Partner, PANTHEON VENTURES CRESCENDO VENTURES Sponsors. State boards of accountancy have Rudy leads Pantheon's presence in New York. His focus is on secondary deal David is a 17-year veteran of the venture capital business. He is the Founder and final authority on the acceptance of individual origination, structuring and transacting. Rudy was previously a partner at Coller Managing General Partner of Crescendo Ventures, a Palo Alto-based international Capital where he was a key member of the deal-sourcing team. He also played an venture capital firm with more than $1 billion under management. David has been courses for CPE credit. Complaints regarding registered instrumental role in the analysis, structuring and execution of secondary transac- ranked on the Forbes Midas list (8th among VCs in 2005). During his 17 years in sponsors may be addressed to the National Registry of CPE tions. Prior to Coller Capital, Rudy worked at Thomas H. Lee Putnam Ventures, the venture capital industry, David has been active in the formation and develop- ment of nearly 50 technology companies with 17 IPO’s and a dozen trade-sales. Sponsors, 150 Fourth Avenue North, Nashville, Merrill Lynch and Skadden Arps. TN 37219-2417. John M. Toomey, Jr., Principal, HARBOURVEST PARTNERS Ulrich Grabenwarter, Head, Equity Fund Investments Web site: www.nasba.org John Toomey first joined HarbourVest in Boston in 1997 as an associate on the direct investment team. He left the Firm in late 1999 to attend business school EUROPEAN INVESTMENT FUND and rejoined HarbourVest in 2001 after receiving his MBA. In 2005, John became Uli Grabenwarter is Head of Equity Fund Investments at the European Investment For more information regarding administrative policies a principal, and he continues to focus on large, structured secondary transac- Fund (EIF), one of the largest pan-European investors in Venture Capital and Private such as complaint and refund, tions including securitizations. Since 2003, John has been a member of the sec- Equity funds with EUR 5bn under management and commitments to some 250 ondary team and was a key participant in three of HarbourVest's largest second- funds. Prior to EIF, he worked for several years at the European Investment Bank in please contact our offices at (888) 670-8200 or ary transactions to date. John’s previous experience includes two years as an the Directorate for Financing Operations, executing structured finance operations in (941) 951-7885. analyst at Smith Barney, Inc. the corporate and financial sector and private equity fund investments.
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Day Main Conference 2 Main Conference Tuesday June 3, 2008 Wednesday June 4, 2008
THE VENTURE CAPITAL MODEL Robert W. Long President & CEO 3.50 Day 2- Wednesday June 4, 2008 CONVERSUS ASSET MANAGEMENT Is The Traditional Venture Capital Model Dead? And If Bob Long is the President and Chief Executive Officer of Main Conference Conversus Asset Management, the manager of Conversus So, What Follows? Capital (Euronext: CCAP). With a market capitalization of $1.75 billion, Conversus is the largest publicly traded portfolio of third • Strategy: Will focused boutique or large multi-strategy firms have party private equity LP interests and offers investors immediate the edge? 8.00 Welcome And Coffee access to a top tier, seasoned and diversified portfolio of private • Sector: Is the technology sector maturing or is there room for con- equity. Mr. Long is responsible for the overall strategic direction of Conversus 8.20 and is a member of the Investment Committee and Board of Managers of tinued growth? Conversus Asset Management. • LP feedback: What will make LPs continue to invest in this class? Chairman’s Welcome Address • Alternatives to the traditional VC model Craig Dauchy, Partner D. Brooks Zug COOLEY GODWARD KRONISH LLP Senior Managing Director Moderator: Mr. Dauchy is a partner in the Cooley Godward Kronish Les Brun, Board Member, FORTUNE MANAGEMENT Business department and heads the Private Equity & Venture HARBOURVEST PARTNERS Chairman & CEO, SARR GROUP Capital practice group. He is a member of the firm's Executive Mr Zug is a founder of HarbourVest Partners. He is responsible Committee. Mr. Dauchy specializes in representing venture capi- for overseeing U.S. and non-U.S. partnership and direct invest- tal partnerships and emerging companies. He has participated ments. He joined the corporate finance department of John Jeff Fagnan, Partner, ATLAS VENTURE in the formation of more than 150 Hancock in 1977, and, in 1982, co-founded Hancock Venture Jeff Fagnan joined Atlas Venture in 2004. He is a Partner in the technology sec- venture capital and private equity funds and in hundreds of ven- Partners, which later became HarbourVest Partners. He serves tor, and focuses on emerging companies in enterprise and internet infrastructure ture capital financings. as an advisory committee member for a number of U.S. and foreign private equity as well as alternative energy technologies/advanced material science. Jeff also partnerships, including funds managed by Accel Partners, Advent International, works closely with the MIT, Harvard University, Boston University and other inno- Doughty Hanson, Permira, Silver Lake Partners, and TA Associates. vation engines, to commercialize technologies developed in technical labs. Before joining Atlas Venture, Jeff was a Partner with Seed Capital Partners. HEAD TO HEAD Klaus Rühne, Partner, ATP PEP 8.30 Klaus joined ATP PEP in 2003. He is partner at the firm and currently heading up 10.25 Morning Coffee the firm’s New York office. He has more than 12 years of experience in corporate What Does It Take To Be A Top Quality Investor In Both finance and equity research. Before joining ATP PEP, he held a position as Expansionary And Recessionary Markets? Director at Danske Bank Corporate Finance working on larger Nordic M&A trans- • Adapting to recessionary markets: at what point do you need to actions. Prior to that Klaus worked as senior equity analyst for Enskilda LIFE AFTER DEBT Securities in London, Stockholm and Copenhagen. change your investment strategy? • Choosing portfolio companies in times of economic stress 10.55 4.15 Afternoon Tea And Speed Networking • We have been here before: turning difficult times to your Private Equity In The Next World • Life after debt The most efficient way to make a large number of new contacts in a advantage • How private equity will go forward post credit crunch short space of time. Sign up on the day at the conference Josh Harris Guy Hands registration desk. CEO President & Founding Partner TERRA FIRMA APOLLO Guy is Terra Firma Capital Partner’s Chief Executive Officer and Talking Josh Harris is President and Founding Partner of Apollo Founder. Guy sits on the Investment Advisory Committee and Management, a global alternative asset manager which started General Partners’ boards and has overall responsibility for the CLEANTECH in 1990 and has a proven track record of successful private direction of Terra Firma and its investment strategy. He is equity, distressed debt and mezzanine investing. Prior to that involved in all major commercial issues, in particular those con- time, he was a member of the Mergers & Acquisitions Group of cerning acquisitions, exits and portfolio business strategy. 4.45 Drexel Burnham Lambert Incorporated. Mr. Harris currently serves on the boards of directors of AP Alternative Assets, Berry Plastics Group, CEVA Logistics, The Globalization Of Cleantech: Innovation Trends, Hexion Specialty Chemicals, Metals USA, Momentive Performance Materials, Noranda Aluminum and Verso Paper Holdings. Business And Investment Opportunities In A Global Talking Sector Interviewed by: HUMAN CAPITAL • Drivers of Cleantech returns Les Brun, Board Member 11.30 • Challenges in various Cleantech sub sectors FORTUNE MANAGEMENT Human Capital-Best Practice In The PE Industry: What • Global vs. local scope of VC funds in contrast to IT and LS Chairman & CEO Is The Solution To The Increasing Challenges In Human • Dedicated funds vs. generalist funds SARR GROUP Capital? How Will The Supply/Demand Balance Level • Fundraising strategies and LP considerations (see biography on page 5) Out? And How Do You Attract And Retain Talent? Moderator: Martin Haemmig, Adj. Professor & Joe Haim Senior Advisor on the Globalization of Venture Capital INDUSTRY TITAN Global Leader Private Equity Practice CeTIM & STANFORD UNIVERSITY EGON ZEHNDER INTERNATIONAL Martin’s venture capital research covers 13 countries in Asia, Europe, Israel and Joe joined Egon Zehnder International’s London office in 1991. USA. He lectures and/or researches in UC Berkeley, Stanford, UniBW Munich, 9.00 Today he oversees the firm’s activities in the private equity and ETH Zurich, as well as China’s Peking, Tsinghua-Insead, Renmin, Fudan, and alternative asset sector worldwide. Joe has completed a great JiaoTong University and the leading Indian Institutes including IIT Delhi, IIT Private Equity Perspectives many assignments for private capital clients – both in terms of Bombay, IIM Bangalore, IISc Bangalore and ISB Hyderabad. He is Senior Advisor James Coulter investment professionals and also in terms of portfolio company on Venture Capital to Stanford-SPRIE and was appointed as expert and faculty for requirements (executive and non-executive recruitment and man- the China Research Center at UC Berkeley for China and to the Private Equity Founding Partner agement appraisals). He is considered the pre-eminent search consultant in pri- Center of Thunderbird University. TPG vate equity in Europe. Joe was formerly a founding director of the European sub- TPG and its affiliates manage in excess of $60 billion. TPG has sidiary of strategy consultants Monitor Company, London. Prior to that, he was a Jeremy Kranz been a lead equity investor in more than 150 companies includ- Consultant with Bain & Co in Boston and Senior Auditor with Price Waterhouse & Vice President Global Venture Capital Group ing: Continental Airlines, Seagate Technology, Oxford Health Co in London. Plans, Beringer Wine Estates, Debenhams, Myer Department GIC SPECIAL INVESTMENTS Stores, PETCO Animal Supplies, Burger King Corporation, Punch PLUS Scenario Planning Case Studies: What do you do when your GIC is a global investment management company established in 1981 to manage Taverns, Energy Future Holdings (formerly TXU), Alltel Singapore's foreign reserves ($100+bn) with a network of eight offices around Corporation, ON Semiconductor, and, MEMC Electronic Materials. Mr. Coulter best manager suddenly leaves? How can you ensure you have the the world. Jeremy Kranz joined GIC Special Investments in 2004. He is currently serves on the Boards of Directors of Lenovo Group Limited, The Neiman Marcus best possible management in your portfolio company? Hear your a Vice President responsible for venture capital investments in the US, Israel and Group, J. Crew Group, Inc., and Alltel Corporation. Prior to co-founding TPG in Asia, and is also responsible for evolving GIC's global investment strategy related 1992, he worked for Keystone, Inc. and Lehman Brothers Kuhn Loeb. peers talk through some awkward human capital situations to climate change. He was previously in various positions at Intel, as well as in Moderator: consulting and in innovation process analysis. Jeremy was awarded Young Entrepreneur of the Year by the State of Maryland in 1993. Alan Hilliker Keynote Address Partner, Head of U.S. Private Equity Patrick Tam, Partner EGON ZEHNDER INTERNATIONAL TSING CAPITAL, CHINA ENVIRONMENT FUND 9.25 Alan is a former investment banker and Founding Partner of the Tsing Capital is the first cleantech capital management firm in China, managing Where Is Entrepreneurship Headed In The United States U.S. financial services practice. Alan has experience hiring several China Environment Funds (www.cefund.com), located at the Tsinghua Investment Partners, Operating Partners and Management Science Park in Beijing. Dr. Patrick Tam served as President of the Washington and Globally And How Has It Been Affected Historically Partners. He also has experience recruiting C-level executives Research Foundation, which commercialized innovations. He sat on the By Credit Cycles? for portfolio companies in the financial sector. Previously, he Washington Governor’s Commission to create a $350m Life Sciences Fund. He worked for Goldman Sachs & Co. and Lehman Brothers. recently was recognized by the World Health Organization for his work in develop- • Making small venture investments in a private equity world ing a vaccine time-temperature tracker, which is used on over 250 million vaccine • Spotting entrepreneurial talent in the new global environment James Coulter, Co-Founder, TPG dosages purchased by UNICEF. (see previously for biography) David Wells, Greentech Team Alan Patricof, Founder Gordon Hargraves, Partner KLEINER PERKINS CAUFIELD & BYERS APAX PARTNERS KPCB was established in 1972 and has about 500 investments through offices Founder & Managing Director RHO FUND INVESTORS in Silicon Valley and in China. It is the world’s leading early stage VC firm in the Gordon Hargraves has been actively investing in private equity GREYCROFT PARTNERS since 1993 and has overall responsibility for Rho Fund areas of Greentech, IT, Life Science, Pandemic and Engineering solutions. David Alan Patricof is a long-time innovator and advocate for venture joined the Greentech investing team in early 2006. His responsibilities include Investors’ activities. RFI is the division of Rho Capital Partners capital, Mr. Patricof entered the industry in its formative days that commits to venture capital and other specialized private knowledge mapping and opportunity sourcing across the entire landscape of with the creation of Patricof & Co. Ventures Inc., a predecessor ‘green technologies’ in the United States and Europe. David’s background equity funds. Since 1981, RFI has successfully invested in, and to Apax Partners, Worldwide, LP—today, one of the world’s lead- realized substantial returns from, private equity funds through includes eight years building a nation-wide business in Japan, three years of busi- ing private equity firms with $20 billion under management or ness consulting, and ten years of technical experience in marine engineering. numerous economic cycles, committing over $2.2 billion to over advice. He stepped back from the daily administration and operational aspects of 160 venture capital and specialized growth buyout funds. Prior Apax Partners, Inc., the firm’s U.S. arm, in 2001 to concentrate on a group of to joining Rho in 1999, Gordon was responsible for developing and managing the Scott MacDonald, Partner small venture deals on its behalf. private equity program at the National Bank of Kuwait in New York. EMERALD TECHNOLOGY VENTURE Emerald Technology Ventures was spun off in 2007 from SAM (founded in 2000) PUBLIC-PRIVATE CONVERGENCE Tom Lister in Switzerland, with assets of over $380m and offices in Zurich and Montreal and invests primarily in Europe and North America. Scott MacDonald is a partner and 9.50 Co-Managing Partner and Partner and global leader in cleantech venture capital and has focused exclusively on the The Convergence Of The Public And Private Spheres In Head of New York Office global cleantech sector for the 5 years during his VC career. He is a member of PERMIRA the North American Advisory Board for the CleanTech Venture Network and is an Private Equity: The Rationale Behind Publicly Listed elected voting member of the Canadian Olympic Committee for the 2005-2009 Tom joined Permira as a Partner in 2005. He is head of the New quadrennial. Funds And Management Company IPOs And The York office and is Co-Managing Partner of the firm. Tom has worked on a number of transactions including Aearo Challenges Of Operating As A Public Company Technologies and Freescale Semiconductor on which he holds Michael Liebreich, Chairman & CEO • The range of publicly listed vehicles in private equity board seats. Prior to joining, Tom was a partner in the leveraged NEW ENERGY FINANCE buy-out firm Forstmann Little & Co for 13 years. New Energy Finance Limited is a specialist provider of financial information and • Rationale behind launching a publicly listed vehicle services to investors in renewable energy, low-carbon technologies and the car- • When should a buyout firm consider going private? bon markets. Michael is an experienced VC and entrepreneur who has helped build more than 25 companies. As Corporate VC he was Managing Director at • The positive and negative impact on LPs of publicly listed John F. Megrue, Jr., CEO Groupe Arnault ($700M VC investments), after being a serial entrepreneur and vehicles and private equity companies APAX PARTNERS U.S. working for 5 years at McKinsey. Michael was a member of the British Ski Team • Why isn’t everyone doing it? John is a Member of the Global Executive Committee, U.S. competing in the World Cup and in the 1992 Albertville Olympic Games. Moderator: Investment Committee and Approval Committee for Apax Partners. He originally joined Apax in 1988 and rejoined in 2005 5.40 Networking Champagne Roundtables Colin Maltby from Saunders, Karp & Megrue which he co-founded in 1990. See p.10 for further details Former Head of Investments He is a Board member of the following Apax portfolio compa- nies: Bob’s Discount Furniture, Dollar Tree Stores, Tommy BP Hilfiger Corp., MagnaCare, Ollie’s Bargain Outlets and Rue21. 6.30 Colin is Chairman of Princess Private Equity Holding, and was Head of Investments at BP from August 2000 to June 2007. He Diamond Cocktail Reception sponsored by KPMG and Cooley was previously Chief Investment Officer of Equitas Limited from its formation in 1996. His career in investment management Further panelists to be announced. For updates please see the began in 1975 with NM Rothschild & Sons and included 15 website at www.superreturnUS.com years with the Kleinwort Benson Group, of which he was a Group Chief Executive at the time of its acquisition by Dresdner Bank AG in 1995. He was Chief Executive of Kleinwort Benson Investment Management from 1988 to 1995.
www.superreturnUS.com – tel +1.888.670.8200 – fax +1.941.365.2507 – email [email protected] 8 KN2190SRA A3 08 30/1/08 14:21 Page 9
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2010: ASIA RULES THE WORLD AFTERNOON STREAMED SESSIONS 12.10 FOCUS ON AFRICA Stream A Industry Roundtable: What Role Will Asia Play In The 3.25 Future Global Economy? Distressed Opportunities • Is Asia the new Europe? Africa—The Only Really New Frontier: How Will GPs In • Can emerging market private equity returns compete with 3.00 Africa Develop A Positive Track Record And Effectively public markets? Fundraise? • Pinpoint legal and regulatory concerns with investing in How Best To Invest In Distressed Assets, The Pros And • Financial services, agriculture, energy & industrial sectors emerging markets Cons Of Each Model, And Getting Your Timing Right • Depth and types of capital available on the continent • Determine the merits of choosing a local manager versus an • Business models for investing in distressed assets • While a significant portion is focused on South Africa, a lot is not international buyout firm • Identifying & targeting the most promising portfolio companies and and the question is how deep is the market for Moderator: assets in the distressed area: which frogs do you kiss and which investments? Chris Meads, Partner do you steer clear of? • Depth and types of management teams (both fund PANTHEON VENTURES • Comparing the distressed cycle in various geographical areas management as well as portfolio company management) Chris heads the Hong Kong Office and is responsible for overall Asian investment activity, including the determination of invest- • Sectors of focus in the near and mid-term available ment policy, selection, and overseeing monitoring and reporting • LPs viewpoint on special situations funds • Who are potential LP targets for funds? on existing fund investments, secondary interests and direct co- investments. He is a member of the International Investment and Moderator: Investment Management Committees. Chris joined Pantheon from HSBC Hong Moderator: Bernard McGuire Kong, where he was involved both in strategic acquisitions and the design and Director-Investment Funds implementation of internal operating procedures. James J. Loughlin Jr. Principal and Managing Director OVERSEAS PRIVATE INVESTMENT Natalie Meyenn, Private Equity LOUGHLIN MEGHJI & COMPANY CORPORATION MLC INVESTMENT MANAGEMENT Jim Loughlin is a nationally recognized and award-winning Since his arrival at the Overseas Private Investment Corporation restructuring professional with more than 25 years’ experience. (“OPIC”) in 2003, Bernard has led the origination and execution of Natalie is a Portfolio Manager in the Private Markets Team at MLC. She is responsi- emerging markets alternative assets fund investments totaling ble for the Asian region portfolio and co-investments. Prior to joining MLC Natalie Prior to forming Loughlin Meghji + Company, Jim was a founder, leader and partner of one of the largest restructuring practices $1.6 billion and $800 million, respectively, while managing and restructuring a worked in Investment Banking at Goldman Sachs in Sydney and New York for Bear $600 million global portfolio of OPIC legacy investments. His OPIC experience Stearns in New York. She has also worked at the World Bank. in the US. Jim has been involved in all aspects of financial restructuring as an advisor to financially underperforming and distressed compa- includes new product development, fund creation and investments in Africa, Asia, nies, lenders and other creditors, corporate boards and equity sponsors. He has Eastern Europe and Latin America covering strategies such as growth equity, buy- David Woolford, Managing Director advised more than 150 companies and has successfully restructured more than out, infrastructure, distressed debt, real estate, mezzanine and asset backed secu- CAPITAL DYNAMICS $50 billion of debt. ritization. Bernard represents OPIC on numerous fund Advisory Boards. Mr. Woolford chairs the Investment Committee and heads Richard Akwei, Portfolio Manager Investment Management North America. Prior to joining Capital Chris Ruder Dynamics, Dave was a Managing Director with Prudential THE ROHATYN GROUP Financial in Asset Liability and Risk Management. Dave has over Senior Vice President thirty years’ experience in investment management and private Richard Akwei has regional responsibility for the origination of investment oppor- equity, beginning with The First National Bank of Chicago and PORTFOLIO ADVISORS tunities, the acquisition of and management of investors, and the development of First Chicago Investment Advisors (now UBS Brinson). He Chris is a Managing Director of Portfolio Advisors and serves as a supporting strategic partnerships in Africa and the Middle East for The Rohatyn Group earned graduate degrees in Economics from McMaster member of the Investment Committee. Previously he was a Director at Deutsche (“TRG”). Mr. Akwei has over 20 years’ experience in emerging markets in both University and the University of Chicago, and holds the professional designations Bank, where he was responsible for the structuring of its third party private equi- investment banking and asset management. Prior to joining TRG, Mr. Akwei has of CFA, CLU, and ChFC. ty investment products, including the securitization of its private equity fund port- provided consulting services for leading international investment banks and folio and the launch of regional private equity funds focused on investment activi- South African corporates on financing and M&A opportunities through his own ties in the Middle East. Prior to joining Deutsche Bank, Chris worked as an attor- advisory firm. Mr. Akwei began his career with J.P. Morgan where he spent 16 ney for Brian Cave LLP in the United Kingdom and Saudi Arabia, advising years across all investment banking products in Latin America, Africa and emerg- Honson To, Partner ing Europe. KPMG American, European and Middle Eastern corporate and institutional investors. Honson is in charge of the PE line of business for KPMG in Tom Gibian, CEO, EMERGING CAPITAL PARTNERS China. He has advised PE funds investing in China on numerous Mike Fuller Mr. Gibian has served as Chief Executive Officer of Emerging Capital Partners transactions. (ECP) since 2005. As CEO, Gibian is responsible for forming and implementing Managing Director ECP’s investment strategy and managing key relationships with shareholders and PRIVATE ADVISORS portfolio companies. He remains actively involved in the investment committee Mr. Fuller is responsible for hedge fund of funds portfolio management, including for EMP Africa Fund II PCC (Africa Fund II). Before ECP’s spinout from EMP Global manager sourcing, selection, due diligence, and monitoring. Prior to joining (EMP), Gibian served as Chief Operating Officer for the AIG African Infrastructure Private Advisors, LLC, Mr. Fuller was a manager with PricewaterhouseCoopers, Fund (Africa Fund I), managing the daily operations of the fund and overseeing L.L.P and worked with financially and operationally challenged corporations focus- the structuring and valuation of investments. Innovation Address ing on cash flow and profitability issues, strategic assessment and business plan implementation. He also managed negotiations with creditors and was responsi- Runa Alam, CEO INNOVATION IS THE NEW BLACK ble for the preparation of corporate and asset valuations and divestiture/merger of companies. Mr. Fuller advised and negotiated on both debt restructurings and DEVELOPMENT PARTNERS INTERNATIONAL equity financings. Mr. Fuller also served as a manager with Navigant Consulting. Ms. Alam has 24 years’ investment banking, emerging market management and 12.40 private equity experience. For the three years before starting DPI, Ms. Alam was Chief Executive of two African private equity funds run in parallel: the Zephyr Victor Khosla Management African Investment Fund (“ZMAIF”), a joint venture between Zephyr “Innovation is the new black,” scream the business headlines, but Management of New York and Prince Al-Waleed's Kingdom Holdings, and the Pan- Founding Partner African Investment Partners and the Pan Commonwealth Africa Partners organizations who can build a deep culture of sustained innovation STRATEGIC VALUE PARTNERS (“PAIP/PCAP”) funds, sponsored by the IFC and the Commonwealth Secretariat. are few and far between. What separates those companies who Mr. Khosla established Strategic Value Partners in 2001. Most recently, Mr. Under Ms. Alam’s active management these funds realized some significant regularly innovate—not only in their products, but in their business Khosla managed a $671 million fund that invested in distressed debt in Japan returns from investments. in a joint venture with Moore Capital Management, LLC. Prior to that, Mr. models—from their lesser peers? Over the past three years, Andrew Khosla was President of Cerberus Capital Management, L.P. where he partici- Zolli has researched hundreds of cases of successful—and pated in the management of a $5 billion private investment fund. Mr. Khosla 3.50 Afternoon Tea was also a Managing Director and Co-Head of the Distressed Product Group at unsuccessful—innovation efforts to distill the cultural attributes, broad Merrill Lynch & Co. approaches and leadership traits of these companies and organizations. Talking 3.50 Afternoon Tea Developing New Skills: • the ability of manage a “portfolio” of different thinking and CEE problem solving styles 4.20 • an ability to listen to “weak signals” that are driving future change • an ability to form “innovation networks” that permeate the "I'm delighted that the most CEE: Leapfrogging Western Europe To Access The organization Lucrative Markets Of New Europe Andrew Zolli, Thought Leader important European conference • Opportunities: Are the investment opportunities you are seeing Futurist sustainable? Why? Andrew is a young, brilliant, globally connected leader of the is taking the show on the road • Human talent: What is the situation in Russia and CEE with respect next generation of futurists. In exciting, custom-researched pre- sentations, Andrew outlines the trends that will shape your orga- to availability of seasoned professionals for private equity and nization’s future and he helps audiences respond intelligently to to the U.S. and I'm privileged to entrepreneurial management? How do you manage the issue? the emerging complex changes that will matter most to them. Andrew has a gift for seeing patterns and the strategic opportu- • Corruption: What are your main tools for avoiding/minimizing nities emerging at the intersections of brands and demograph- participate in its inaugural offering" corruption? ics, creativity and innovation, design and technology. Zolli has been the futurist-in-residence for American Demographics magazine, Popular • Liquidity: How do you achieve liquidity at highly capitalized value in Science, National Geographic and National Public Radio’s Marketplace. He is the Les Brun, Board Member, FORTUNE MANAGEMENT the Russian market? What is the longer term outlook? editor of The Catalog of Tomorrow. He was named one of the Fast 50 for 2005 by Moderator: David Turner Fast Company magazine. Managing Director & Head of Private Equity GUARDIAN LIFE INSURANCE COMPANY OF 1.30 Lunch & Off The Record Lunch With Andrew Zolli AMERICA Stream B Mr. Turner joined Guardian's Investment team in June 2007 to Emerging Markets lead the roll-out and development of their private equity initiative. He has over 25 years of experience in private equity investing and portfolio management. David has originated and led over 60 private equity QUICK-FIRE SHOWCASE investments totaling over $4 billion in committed capital and managed portfolios Your chance to present your fund to the SuperReturn U.S. audience: totaling over $17 billion in cumulative commitments. These investments include OPPORTUNITIES IN THE venture capital, buyout and special situation partnerships and small-cap stock dis- 3 minutes in which to inform, entertain and persuade! Details will be tributions as well as direct and co-investments in numerous early, growth and later sent prior to conference. MIDDLE EAST stage middle market companies. David has led investments in the U.S. domestic market as well as developed and emerging international markets. 3.00 Middle East Opportunities In Private Equity Patricia Cloherty • The sectors to look out for Chairman & Co-Managing Partner Sponsorship & Exhibition DELTA PRIVATE EQUITY PARTNERS • Overcoming transactional difficulties Ms. Cloherty is Chairman and Co-Managing Partner of Delta Private • Portfolio company profile Equity Partners, LLC, manager of The U.S. Russia Investment Fund Opportunities • Choosing the best managers and funds in the Middle East: regional and Delta Russia Fund, L.P., two venture capital funds with over $500 million invested in 54 Russian companies. She is former Co- If you would like to find out more vs international funds Chairman, President and General Partner of Apax Partners, Inc. • What next for Middle East private equity? (formerly Patricof & Co. Ventures, inc.), a multi-billion private equity about sponsorship and exhibition company that she joined in 1970, and from which she withdrew in 2000. She is a past President and Chairman of the National Venture Capital Association of the Anthony Power United States. In 1991, President George H.W. Bush appointed her to chairman of opportunities please contact an Investment Advisory Council to revamp the Small Business Investment Company CIO program of the U.S. Small Business Administration. From 1977 to 1978, Ms. Terri Graber, Cloherty was Deputy Administrator, U.S. Small Business Administration, appointed by EMIRATES INVESTMENT AND DEVELOPMENT President Carter. Anthony has over 17 years of experience in the international markets in USA, tel: +1 212 661 3500 x3127 Asia, Europe and the Middle East. Emivest engages in private equity investment through capital participation in its subsidiaries and new projects through joint Petr Rojicek, Partner, CIO e-mail [email protected] venture with local and international partners. Core sectors of investment are in ALPHA ASSOCIATES manufacturing, education, healthcare, services and real estate. Anthony Power Mr. Rojicek is Partner and Chief Investment Officer at ALPHA Or Edward Jones, has been instrumental in managing and executing several major investments for Associates, an independent private equity fund-of-funds manager Emivest and expanding the portfolio in Europe and Asian markets by doubling the based in Zurich, Switzerland. He joined ALPHA Associates from tel: +44 20 7017 7223, e-mail revenue of the company through acquisition and organic growth. Swiss Life Private Equity Partners, where he also served as Chief Investment Officer. Previously he worked in private equity at Bank Vontobel and in investment banking at UBS, Zurich and [email protected] London, where he was engaged in corporate finance transac- tions for financial institutions in emerging markets. www.superreturnUS.com – tel +1.888.670.8200 – fax +1.941.365.2507 – email [email protected] 9 KN2190SRA A3 08 30/1/08 14:21 Page 10
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Talking 3.25 LATIN AMERICA The Economic Impact Of Private Equity: An Update On “The SuperReturn team have brought Research From The World Economic Forum fresh and exciting ideas to conferences in 4.45 • Examining the long-term impact of private equity investment on every region in which they are active. Discovering The Nascent Opportunities In Latin innovation • Exploring the effects of US private equity transactions on firm SuperReturn U.S. should prove to be a America: When Will The Market Potential Be Realized? employment • Brazilian snapshot: Who’s doing what and where is the smart • Investigating the impact of private equity on corporate valuable addition to the money going? governance North American calendar” • Commodities, agriculture, biofuels and infrastructure and other • Private equity staying power across various geos sectors to watch Max von Bismark, Head of Investors David Yeung, Managing Director, AIG Global Investment Group • Pinpoint quality managers to translate investments into future WORLD ECONOMIC FORUM realizations and returns Max leads a global team responsible for private equity, hedge funds and Moderator: Institutional Investors. His team is currently engaged in projects concerning the “It is a unique opportunity to bring an “Globalization of Alternative Investments”, “Systemic Financial Risk” and “Capital Russell Deakin, Partner Markets Competitiveness.” Prior to joining the World Economic Forum, Max was a in-depth discussion in the U.S. on CRP PARTICIPAÇÕES serial entrepreneur. He was Co-Founder & MD at Public One Strategy Consulting. Mr. Deakin is a Partner of CRP, the oldest private equity/venture capital firm in Previously he was a founding team member of the Oxford based technology com- tomorrow's major markets through the Brazil, and one of CRP´s Investment Officers. As part of CRP´s team since 2001, pany, Mondus Ltd. he has recently moved to Miami, Florida to set up CRP America’s office and is Super Return platform" spearheading fund raising activities for the CRP VII, a Brazilian private equity mid- 3.50 Afternoon Tea dle market growth fund, as well as international divestment of existing portfolio companies. Prior to his current role, Mr. Deakin also has substantial international Varun Sood, Managing Partner, CAPVENT experience in other sectors of alternative assets, real estate, where he was a 4.20 CFO and partner for 11 years for a Brazilian real estate developer, as well as in capital markets with Morgan Stanley and Merrill Lynch in London. IPOs, Recapitalizations, Special Distributions, M&A, And Secondaries: How Are Timing And Structure Of LPs & Funds of Funds Sven Soderblom Exits Being Affected By The New Economic Paradigm? Portfolio Director, Southern Africa and Latin America • How have debt and equity markets changed the options and attending SuperReturn CDC GROUP returns for exits? Prior to joining CDC in 2005, Sven spent 4.5 years with the European Investment Fund, a Luxembourg based private equity fund of funds investing in Western • Where are the opportunities for exits? How do the differing market events in 07! European Private Equity and Venture Capital funds. Previous to this, Sven was at sectors compare? GE Asset Management, GIC Government of Singapore Investment Corp, New York Alta Partners, a Barcelona & Madrid based M&A and PE firm. Before joining Alta, State Office of the State Controller, New Zealand Superannuation Fund, Bregal Sven spent four years at the fixed income trading desk at Alfred Berg/ABN Amro Tom Lister in Stockholm as market maker of Swedish bond options. Co-Managing Partner and Partner and Investments, British Airways Pensions, ING Asia Private Bank Limited, Inter IKEA Head of New York Office Treasury, Pechel Industries, Pensioenfonds Metaal en Techniek, Omers, Ontario Patrice Etlin PERMIRA Teachers, Gartmore Investment Management, Fonds de Reserve pour les Retraites, Partner (see page 8 for biography) Bankhaus Zwirn, Adveq Management, Adams Street Partners, SVB Capital, Siguler ADVENT LATIN AMERICA Guff, Paul Capital Partners, Emirates Bank International, Habourvest Partners, Kuwait Patrice Etlin joined Advent in 1997 and started the firm’s investment activities in Investment Authority, Qatar Foundation, National Bank of Kuwait, ADIA, New York Life Brazil. He has 13 years of private equity experience. From 1994 to 1997, Patrice Capital Partners, Parthenon, AlpInvest Partners, Kuwait Investment Authority, AIG was a partner at International Venture Partners in São Paulo, where he was Talking responsible for the overall operation of a media and communications fund Investments, Qatar National Bank, Ontario Teachers' Pension Plan, Abbott Capital focused on Brazil. Previously, he spent five years with Matra Marconi Space, ini- DIFFERENTIATION Management, Abu Dhabi Investment, Access Capital Partners, Adams Capital tially as a systems engineer on a project to develop a European military observa- Partners, Agf Private Equity, Ahli United Bank, Alcyon, Allianz Private Equity Partners, tion satellite. In 1990, he was promoted to general representative for Brazil, in 4.45 charge of setting up a private telecommunications satellite system providing serv- Allstate Investments, Altamar Capital Privado, Alter Domus, Altium Capital, ices to Mercosul countries. Differentiation And Adding Value: After Leverage, AmpegaGerling Asset Management, Antwerpse Diamantbank, Arcis, Asia Alternatives Patricia Dinneen Multiple Expansion And Operational Expertise, What Management Company, ATP Private Equity Partners, Augusta & Co, Axa Private Managing Director Will Drive The Next Phase Of Management Company Equity, Bayerische Hypo und Vereinsbank, BBVA Gestion, Bedell Cristin, Belhoul Investment Office, Berenberg Bank, Bhn, Blue Capital, BNP Paribas, BP Investment SIGULER GUFF Innovation? Ms. Dinneen is a Managing Director at Siguler Guff. She is a senior member of • In the new economic paradigm, what is going to make the most Management, BS Investimenti, BTV Beteiligungsverwaltung, Caisse de Depot et Siguler Guff's investment staff and has responsibility for managing the BRIC Placement du Quebec, Caja Madrid, Calyon Corporate & Investment Bank, CAM Opportunities Fund, LP. Prior to joining Siguler Guff in August 2004, she was at successful management companies stand out? Cambridge Associates, an independent financial consulting firm, where she led the • Where will innovation come from in private equity? Newmarkets, Capital Dynamics, Capitalia Sofipa, CapVest, CBG, CHL Medical emerging markets private equity advisory business, including asset allocation plan- • What will be the winning and losing strategies as we move into the Partners, Clemens Haindl Verwaltungs, Clessidra SGR, Commerzbank, Commonfund ning, market research, manager searches and due diligence. In collaboration with Capital, Consilium SGR, Cornell University - Office of University Investments, Credit the major International Finance Institutions (IFI), she created the first, comprehen- uncertainties of 2009? sive emerging markets private equity database to measure performance and to Stephen Murray, President & CEO Agricole, Cuatrecasas, CVC Capital Partners, Danske Private Equity, Delware, Demica, help professionalize the asset class. CCMP CAPITAL ADVISORS Deutsche Asset Management, DN Capital, Downer & Co, Dr Ferber & Partner, Dubai Mr. Murray focuses on investments in consumer, retail and services, financial International Capital, EIF, EIM, Equitrust, Feri Institutional Advisers, Ff&P Asset 5.10 End of SuperReturn U.S. services, and healthcare infrastructure. Prior to joining CCMP in 1989, Mr. Management, Finama Private Equity, Gartmore Private Equity, Glasshouse Pictures, Murray was a Vice President with the Middle-Market Lending Division of Manufacturers Hanover. Currently, he serves on the board of directors of AMC Gleiss Lutz, Global Finance, Global Vision, Goldman Sachs Asset Management, Stream C Entertainment, ARAMARK Corporation, Cabela's, CareMore Medical Enterprises, Greenpark Capital, GSC Partners, Halder, Hamilton Lane , Hannover Finanz, Generac Power Systems, Jetro Holdings, Quiznos Sub, Strongwood Insurance and Adding Value & Exits Warner Chilcott. Hawkpoint Partners, HBS, Headway Capital Partners, Henderson Global Investors, Heritage Intl Fund Managers, Hermes Private Equity, Horizon21 Alternative 5.10 End of SuperReturn U.S. Investments, Idea Capital Funds, Investcorp, Investec Private Bank, IS Venture Capital INV Trust, Kaupthing Bank, Keyhaven Capital Partners, Kirkbi, Korea Venture VALUE CREATION Investment Corp, Landmark Partners, Landsbanki, Lansforsakringar, LGT Capital 3.00 Partners , LLoyds Development Capital, Lloyds Tsb Bank, MBO Partenaires, Merrill Lynch, Metlife Investments, Mizuho Corporate Bank, MN Services, Morgan Stanley, Value Creation: Is Buy And Build The Most Viable Networking Champagne Morley Fund Management, New York Life Capital Partners, NIBC Bank, NIF II Fund, Strategy In The Current Credit Environment? Nomura, Nord Holding, Oak Hill Investment Management, Oppenheimer, Pantheon • Differentiation of mid market funds Roundtables Ventures, Parish Capital Advisors, Partners Group, Pathway Capital Management, • Attracting and keeping the best people PCG International, Pension Insurance Corp, Pictet & Cie, PSP Investments, Rabobank, • The importance of engaging with all stakeholders Tuesday June 3 Rho Fund Investors, Royal Bank of Scotland, SAAR Group, Sal Oppenheim Jr & Cie, • Strategies for adding value Scottish Widows Investment Partnership, SEB Asset Management, Siemens, Moderator: 5:40 – 6:30 Smedvig Capital, Societe Generale Asset Management, SPF Beheer, Standard Life M. Tatum Pursell Investments (Private Equity), Strategic Value Partners, Swiss Reinsurance Company, Co-Founder & Managing Partner These informal roundtables provide the ideal opportunity for The Investment Fund For Foundations, The Robert Wood Johnson Foundation, The UNLIMITED HORIZONS NETWORKING – a major priority at SuperReturn. Take full advantage Royal Bank of Scotland, The Wellcome Trust, UBS Global Asset Management, M. Tatum (“Tate”) Pursell has over 30 years of experience as a senior operating of this opportunity to talk face-to-face with some of the conference’s Unigestion, Unilever Pension Fund Progress, Universities Superannuation Scheme, executive and private equity principal. His areas of expertise include business strategy development and operation of industrial and consumer products manu- keynote speakers, and to raise any specific issues with them that University of Chicago, University of Minnesota, VCM Venture Capital Management, facturing companies and specialty retail firms, as well as acquisition valuation, you didn’t get a chance to hear about during their presentations. This Vestar Capital Partners, Wilshire Associates, GF Private Equity - Altitude Funds, First negotiation, due diligence, and integration. Prior to co-founding UH-Inc, he was Group President of the Engineered Plastics Group of Applied Tech Products, a is the time to find the solution to your most pressing challenges, and Closed Pension Fund, Harald Quandt Holding, Northsea Capital, Fonds de Reserve Saunders Karp & Megrue investment, where he oversaw four operating compa- to form strategic relationships with industry players in a relaxed and pour les Retraites, CDC Group, Bank of China Group Investment, AXA Private Equity, nies. informal atmosphere, over a chilled glass of champagne. Ilmarinen Mutual Pension Incurence, CNP Assurances, QIC, Section Commune d'Administration des Pensions, Henderson Global Investors, Alpha Associates, Mirae David Andrews, Founder 1. Financial Services Focus Asset Investment, Bank of China Group Investment, Altium Capital Gestion, Mitsui & GRYPHON INVESTORS Co Europe Holdings, IFU, OKO Private Equity Funds Limited, AFA Insurance, OECD, Since founding the firm in 1995, R. David Andrews has served as President and Mark K. Gormley, Partner, LEE EQUITY PARTNERS New Star Asset Management, IFC, Colorado Pera, 747 Capital, AP2, Caisse des Managing General Partner of Gryphon Investors. Based in San Francisco, CA and 2. Real Estate Healthcheck having managed private equity funds of over $1 billion, Gryphon focuses on the Dépôts et Consignations, Capvent, Darby Overseas Investmetns, F&C Asset lower-end segment of the middle market with industry specialty groups in the sec- tors of business services, consumer/retail, education, health care and special- Victor Khosla, Founding Partner, STRATEGIC VALUE PARTNERS Management, FINATEM, IFC , Jade Invest, JP Morgan Asset Management, National ized manufacturing. Previously, Mr. Andrews served as Managing Director/Partner 3. Energy Investing - tbc Pensions Reserve Fund, Nordea, Nordwind Capital, Northwestern Mutual Life of Oak Hill Partners, the management company for Acadia Partners, L.P. 4. Infrastructure Opportunities - tbc Insurance, Performance Equity Management, Portfolio Advisors, Teachers’ Private John Baker Capital, William and Flora Hewlett Foundation, Development Bank of Japan, MLC 5. Healthcare Focus Investment Management, ARIA, CalPERS, AirAsia, Great Eastern Life Assurance, Founder Scott Mackesy, General Partner, WELSH CARSON ANDERSON Axiom Asia Private Capital, Alternative Investment Capital Limited, NTUC Income BAKER CAPITAL Insurance, CMIA Capital Partners, UBS Private Funds Group, The World Bank Pension In 1995, John founded Baker Capital, which has $1.5 billion under management. & STOWE He has over 30 years of experience in private equity and currently serves on the Plan, China Pacific Life Insurance Company, Nippon Life Insurance Company, AXA boards of European companies including DigiTV, Interxion NV, and QSC AG, as 6. Media & Communications Returns Private Equity Asia, Paul Capital Partners, Temasek Holdings, TD Capital Private Equity well as U.S.-based Verified Identity Pass. Previously, while at Apax Partners, John led investments in the technology, telecom and financial services industries Ken Hanau, Founding Partner, 3i GROWTH CAPITAL Investors, Spectra Holdings, Music Walker Foundation, Mass Mutual Financial Group including FORE Systems, Intermedia/Digex, Cadence, Resource Bancshares and Japan,The Children's Medical Foundation, Boeing, Strategic Value Partners, The Symbolics. 7. Special Situations Investing - tbc Dietrich Charitable Trusts, Lazard Asset Management, Catalyst Investment Managers, 8. Emerging Markets: Where Are The Returns? Scott Mackesy Asian Development Bank, Merrill Lynch Investment Managers, OPTrust, Guggenheim Bernard McGuire, Director-Investment Funds General Partner Partners, Henderson Global Investors HK, Regent Pepperdine Univ, Wolfensohn & Co, WELSH CARSON ANDERSON & STOWE OVERSEAS PRIVATE INVESTMENT CORPORATION Next Mobile Inc, Citi Private Bank, Canadian Pensions Plan Inv Brd, STIC Investments, Mr. Mackesy joined Welsh, Carson, Anderson & Stowe in 1998 and is a General 9. Where Is The Value In Private Equity? Yuan Tse University Endowment, Carnegie Corp of New York,Invest Australia Hong Partner focusing on investments in the healthcare industry and a member of the Kong, Rong Rong International Asset Management, Korea Development Bank, Management Committee. Prior to joining WCAS, Mr. Mackesy was a senior Patricia Dinneen, Managing Director, SIGULER GUFF research analyst at Morgan Stanley Dean Witter where he was responsible for Macquarie Funds Management Hong Kong, Daiwa Securities, Darby Asia Investors, coverage of the healthcare services sector. Mr. Mackesy serves on the board of 10. Future Trends In Private Equity Franklin Templeton Investments, Swiss Reinsurance Co, CPP Investment Board, directors of several private companies including Ardent Health Services L.L.C., Abbott Capital Management LLC Bausch & Lomb, Inc., Renal Advantage, Inc., and United Surgical Partners, Inc. Jon Moulton, Managing Partner, ALCHEMY PARTNERS
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SPONSORS
Principal Sponsor: Co-Sponsors: Baker Capital, founded in 1995, is a New York based private equity KPMG has a long-standing commitment firm with $1.5 billion under management. Baker Capital invests in to Private Equity. In offices around the growth companies at all stages of development. The partners of Baker Capital have extensive private equity and operational experience allowing the firm to provide its world, including all of the major financial portfolio companies with not only capital, but also strategic thinking and relationships. To find out centers, dedicated professionals experi- more about Baker Capital visit www.bakercapital.com enced in private equity focus on the Founded in 1986 and headquartered in New York, Lincolnshire needs of the marketplace, its investors, and its portfolio companies. We have Management is a leading private equity firm focused on generating a global approach to serving private equity by aggregating all services (e.g., superior returns for investors by acquiring and growing middle mar- ket companies across a wide range of industries including invest- audit and tax services, due diligence assistance, tax structuring, post-invest- ments in such leading middle market companies as AMPORTS, ment advisory services) under the direction of a single lead partner. By offer- Bankruptcy Management Solutions, Prince Sports, American Coach Lines and Excelsior Radio Networks. Seeking value-focused opportunities wherever they may be found, Lincolnshire acquires ing a coordinated approach to the business, KPMG member firms can help middle market companies in partnership with its existing management and provides that management large leveraged buy-out firms, middle market private equity firms, or venture with an opportunity to participate in the equity investment. Lincolnshire also works with independent capital firms with their strategic, deal, and portfolio management issues. management teams to identify acquisitions in their field of expertise. KPMG’s Private Equity Group operates globally through its member firms DLJ Merchant Banking Partners (“DLJMB”) is one of the largest, and includes practitioners from KPMG’s Corporate Finance, Transaction most integrated and successful private equity investment groups at any major Wall Street firm. Over the past 22 years, DLJMB has been Services, Corporate Recovery, Forensic, Corporate Intelligence, Audit, Tax, a highly selective and disciplined investor, with a strong track record and Advisory Services practices. of generating attractive investment returns across a variety of industries, economic cycles and market conditions. DLJMB’s primary mandate is lead managed investments ranging from $20 million to $200 million of equity capital with a variety of value-added co-investment and other investment alternatives. Lead Legal Sponsor: www.csfb.com Cooley Godward Kronish's Private Equity and Venture Capital Group provides sophisticated Exhibitors: counsel to venture capital and other private equi- ty firms with an emphasis on issues related to fundraising, governance and investment activities. Cooley's areas of prac- tice include, but are not limited to, private equity fund formation, portfolio company financings, LBO fund formation, leveraged acquisitions, corporate venture capital, SBICs, fund-of-funds governance, offshore investment part- nerships, secondary market transfers of partnership interests and general Sponsorship and Exhibition Opportunities partner counseling. We serve as primary fund counsel to over 200 invest- If you would like to find out more about sponsorship and ment fund organizations, and in recent years have closed an average of 50 exhibition opportunities please contact new private equity funds annually for these clients. Additionally, we help Terri Graber, tel: +1 212 661 3500 x3127 close over 400 private equity transactions each year. e-mail [email protected] www.cooley.com Or Edward Jones, tel: +44 20 7017 7223 e-mail [email protected] About the Boca Raton Resort & Club
The Boca Raton Resort & Club is one of the world’s premier destination resorts and well-being have been elevated to an art form. And the rediscover of balance is the private clubs. Nestled on Florida’s Gold Coast, the resort offers a wealth of primary goal. At Spa palazzo your every desire will be met and more importantly, recreation, acclaimed service and superior amenities. Established in 1926, their your need to invigorate the body and restore the spirit will be fulfilled. In legacy, beginning with their founder Addison Mizner, to today’s extensive addition, the resort contains two 18-hole championship golf courses, 30 tennis development program, gives the Resort courts, a golf clubhouse, six pools, an a unique history and personality not indoor basketball court, a 27-slip marina typically found in American hotels. with full fishing and boating facilities and a half-mile of private beach with Boca Raton Resort & Club offer five watersports facilities. distinct styles of deluxe guestrooms and suites. The Cloister, built in 1926, is the With a staff of 2,000 employees resort’s signature building and features representing 60 nations, the resort is Mediterranean-influenced antiques and committed to providing personal and architecture. The 27-storey Tower, outstanding service making The Boca overlooking the Intracoastal Waterway Raton Resort & Club a member of The features inspiring views of the Atlantic Leading Hotels of the World. Ocean and the resort grounds. Located on the resort’s half mile stretch of private There is a special room rate negotiated at beach, the Boca Beach Club offers the Boca Raton Resort & Club for deluxe accommodations footsteps from SuperReturn U.S. attendees. To access the ocean. Reminiscent of a grand this, all hotel bookings must be made Venetian palace, the Yacht Club with its through the Global Executive’s Internet private balconies, sweeping views and booking site. elegant appointments offers luxurious guestrooms and suites plus boutique-style Please visit www.globalexec.com/iir service. The secluded one and two-bed- to make your reservation, or see the room Golf Villas are located on the brochure booking form for further details. resort’s championship course. The hotel will not accept individual calls Spa Palazzo at the Boca Raton Resort & for room reservations at the Club is the perfect sanctuary of peace and IIR negotiated rate. tranquility. Here in an environment which is private, beautiful and unique, health and
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PLEASE SELECT DATES FEE SAVE YOUR PACKAGE 3 DAY PACKAGE June 2-4, 2008 REGISTER BY MARCH 28TH, 2008 $3,695 $400 SuperReturn U.S. $200 Conference & REGISTER BY MAY 2ND, 2008 $3,895 Investor Summit REGISTER AFTER MAY 2ND, 2008 $4,095 2 DAY PACKAGE June 3-4, 2008 REGISTER BY MARCH 28TH, 2008 $2,895 $400 SuperReturn U.S. $200 Conference REGISTER BY MAY 2ND, 2008 $3,095 (U2305) REGISTER AFTER MAY 2ND, 2008 $3,295 PLUS GOLF June 2, 2008 This includes green fees, cart fees, $250 tax and tournament admission fee.