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Secondary Funds & Fund of Funds COMPLIMENTARY ATTENDANCE FOR PLAN SPONSORS 4th Annual PRIVATE EQUITY SAVED: SECONDARY FUNDS & FUND OF FUNDS THE DRIVING FORCE IN THE EVOLUTION OF THE ASSET CLASS 18 - 19 JANUARY 2007 ZURICH MARRIOTT HOTEL - ZURICH, SWITZERLAND FEATURED SPEAKERS INCLUDE: Peter Wilson Max Burger – Calderon Peter von Lehe Clinton P. Harris Managing Director Sr. Partner, Chairman Asia Managing Director Founder & Managing Partner HARBOURVEST PARTNERS APAX PARTNERS WORLDWIDE LLP, SWISS RE GROVE STREET ADVISORS (U.K.) LIMITED HONG KONG JOIN LEADING LPs & GPs AS OUR UNMATCHED SPEAKING FACULTY INCLUDES: ᮣ 747 Capital LLC ᮣ Headway Capital Partners LP ᮣ Pomona Capital ᮣ Abbott Capital Management, LLC ᮣ Hedges Capital, Inc. ᮣ Portfolio Advisors, LLC ᮣ Adams Street Partners ᮣ Industri Kapital ᮣ Real Deals ᮣ Adveq ᮣ Lexington Partners UK ᮣ Robeco Alternative ᮣ AIG Global Investment Group ᮣ LGT Capital Partners Investments - Private Equity ᮣ Alothon Group LLC ᮣ Monomoy Capital Partners ᮣ Standard Life Investments ᮣ Apax Partners ᮣ Nimbus (Private Equity) Ltd ᮣ CAM Private Equity ᮣ Nixon Peabody LLP ᮣ Swiss Private Equity & Corporate ᮣ CapVent AG ᮣ Nordea Investment Management Finance Association (SECA) ᮣ Capvis Equity Partners Bank A/S ᮣ Swiss Re ᮣ City Capital Partners ᮣ Noro-Moseley Partners ᮣ TD Capital Private Equity Investors ᮣ Credit Suisse ᮣ Nova Capital Management Ltd ᮣ Tempo Capital Partners, LLP ᮣ Grove Street Advisors ᮣ Pantheon Ventures ᮣ The Camelot Group, LLC ᮣ Hamilton Lane ᮣ Partners Group ᮣ Vintage Venture Partners ᮣ HarbourVest Partners (U.K.) Limited SPONSORS TO REGISTER, CALL +1-212-967-0095 OR VISIT WWW.SRINSTITUTE.COM/ZURICH 11:00 - 11:30 Thursday 18 January 2007 Morning Networking Break 8:00 - 8:50 11:30 – 12:15 Registration and Continental Breakfast Outperforming in a Commoditized Market: 8:50 - 9:00 Where Has The Magic Gone in Buyout Welcome and Introduction Investing? In recent years buyout investing appears to have become Donald Friedman, Managing Director commoditized: auctions for deal fl ow, identical capital STRATEGIC RESEARCH INSTITUTE structures, incentive formula’s for management are standardized and every private equity fi rm appears to Dr. Massimo S. Lattman, Chairman & Senior Partner, have “operating partners working on a 180 day action VENTURE PARTNERS AG plan”. How can you out-perform and create magic in this Chairman, SWISS PRIVATE EQUITY & CORPORATE FINANCE new, highly competitive and standardized environment? ASSOCIATION (SECA) Whose “touch” can boost a company’s success? 9:00 - 10:15 Moderator: Private Equity Uncovered: Marc der Kinderen, Partner Trends & Developments 747 CAPITAL LLC Leading secondary funds, fund of funds and LPs give a bird’s eye view on the state of private equity by Panelists: covering topics including: Rolf Friedli, Partner ● What will happen when rising interest rates are felt CAPVIS EQUITY PARTNERS throughout the economy and there’s a setback? Marc Renne, Partner ● What is the premise behind the mega deal? Can you NIMBUS expect to make a solid return? Stephen Presser, Partner ● Who in the secondary world is ready should a highly MONOMOY CAPITAL PARTNERS leveraged deal go sour? 12:15 – 13:00 ● Is private equity going public? Fund of Funds Approach to Picking ● Is the buyout industry overheated (like 1999 for Venture Capital Firms venture) ● ● Are India and China for real fi nally? Big vs. small ● Geographic vs. international Moderator: ● New sectors to explore including cleantech and Marshall Parke, General Partner other alternative energies LEXINGTON PARTNERS UK LTD. Moderator: Panelists: Alan Feld, Managing Partner Peter Wilson, Managing Director VINTAGE VENTURE PARTNERS HARBOURVEST PARTNERS (U.K.) LIMITED Panelists: Clinton P. Harris, Founder & Managing Partner GROVE STREET ADVISORS Andrew Musters, Partner ROBECO ALTERNATIVE INVESTMENTS - PRIVATE EQUITY Stephan Schaeli, Partner PARTNERS GROUP William J. Indelicato, Managing Director PORTFOLIO ADVISORS, LLC W. Duke DeGrassi, Managing Director HAMILTON LANE Egbert von Cramm, Director CAM PRIVATE EQUITY 10:15 - 11:00 Thaddeus I. Gray, Managing Director The LP’s Perspective on the Selection and ABBOTT CAPITAL MANAGEMENT, LLC Allocation Process (confi rmed subject to schedule) ● Will institutional investors in source and set up their own fund of funds teams 13:00 - 14:30 ● Will US institutional investors use focused Luncheon For Delegates and Speakers European midmarket MBO fund of funds as service providers or do it themselves 14:30 - 15:30 Key Questions For the Secondary Market Moderator: Lauge Sletting, Partner, Head of Private Equity ● With $12 billion currently being raised by dedicated NORDEA INVESTMENT MANAGEMENT BANK A/S secondaries players – is there enough supply there to generate “good” returns? What are “good” Panelists: returns? Peter von Lehe, Managing Director ● Is there enough deal fl ow? What is the next wave SWISS RE of seller? ● Ivan Vercoutère, Partner, Private Equity Are secondary funds too expensive for investors? LGT CAPITAL PARTNERS ● Should large investors in private equity funds have secondary exposure through dedicated secondary Stephan Breban, Managing Director funds, given the commoditization of the secondary CITY CAPITAL PARTNERS market? ● Can you differentiate yourself in the secondary market today, or is the market just a commodity? ● Are there real barriers of entry for new secondary investors? Friday 19 January 2007 ● How is the secondary market segmenting itself? 8:00 - 9:00 Continental Breakfast ● What is the next big thing in secondaries? 9:00 - 9:15 Moderator: Recap of Day 1 and Introduction to Day 2 Lawrence Penn III, Managing Director THE CAMELOT GROUP, LLC Dr. Massimo S. Lattman, Chairman & Senior Partner, VENTURE PARTNERS AG Panelists: Chairman, SWISS PRIVATE EQUITY & CORPORATE FINANCE Brian Wright, Partner & Director, Europe ASSOCIATION (SECA) POMONA CAPITAL 9:15 - 10:00 Elly Livingstone, Partner Identifying Good Funds from Bad Funds PANTHEON VENTURES ● How important is historical track record? Oliver Gardey, Partner ● ADAMS STREET PARTNERS Is the team everything? ● Jim Paradise Do terms matter as long as they are close to market? CREDIT SUISSE ● The importance of alignment of interests Stewart Hay, Investment Director 15:30 - 15:45 STANDARD LIFE INVESTMENTS (PRIVATE EQUITY) LTD Afternoon Networking Break 10:00 - 10:45 15:45 - 16:30 How GPs Position Themselves For The Country Fund Investing: India, Asia and PE-Market Of The Future Beyond... ● Single activity vs. multi-activity Leading Institutional Investors and General Partners will ● look at country and regional funds and discuss investment Single product vs. multi product focus, approach, market trends, Emerging Markets and ● The challenges of geographic expansion: Emerging Managers. The debate covers both investor regional vs. global views and the manager angle. ● Specialist investors vs. asset management fi rms Moderator: ● How does this meet future investor needs (ex. liquidity) Dr. Olaf Neubert, Managing Partner Moderator: HEDGES CAPITAL, INC. Dr. Rainer Ender, Executive Director ADVEQ Panelists: Tom F. Clausen, Managing Partner Panelists: CAPVENT AG Max Burger – Calderon, Sr. Partner, Chairman Asia APAX PARTNERS WORLDWIDE LLP, HONG KONG Ettore V. Biagioni, Managing Director ALOTHON GROUP LLC Mads Ryum Larsen, Partner, Investor Relations Manager INDUSTRI KAPITAL Axel Kuehn, Vice President, Private Equity Funds Group AIG GLOBAL INVESTMENT GROUP Allen S. Moseley, General Partner (invited-subject to schedule) NORO-MOSELEY PARTNERS 16:30 - 17:15 North American Opportunities for 10:45 - 11:00 Institutional Investors Morning Networking Break 11:00 - 11:45 ● Large cap buyouts: how big is too big? Are Secondary Directs Really The Next Big ● Mid-cap buyouts: are good regional players being Thing, Or Is The Market More Limited? ignored? ● ● Venture capital: will the liquidity ever come back? Size of the market: not the next big thing ● ● Return expectations: what should your North Volatility of returns of secondary directs American portfolio deliver? ● Management of secondary deals: role of traditional secondary players Stuart D. Waugh, Managing Director Moderator: TD CAPITAL PRIVATE EQUITY INVESTORS Amy Carroll, Deputy Editor Charles P. Jacobs, Partner REAL DEALS NIXON PEABODY LLP Panelists: 17:15 – 21:00 Christiaan de Lint, Partner Cocktail Reception followed by “State HEADWAY CAPITAL PARTNERS LP of the Industry” Dinner Michael Kelly, Managing Director Sponsored by: NOVA CAPITAL MANAGEMENT LTD David Tate, Managing Director TEMPO CAPITAL PARTNERS, LLP 11:45 Conference Concludes WE WISH TO THANK OUR SPONSORS WHO SHOULD ATTEND THE CAMELOT GROUP is an Investment and • Private Equity LP’s • Brokerage Firms Advisory fi rm that provides independent • Fund of Funds • Charitable and sophisticated advice to institutions, Organizations corporations, partnerships, governments and individuals in the • Secondary Funds Alternative Asset and Private Equity Industries. We focus on longterm • Private Equity & • CIO’s and CFO’s relationships, consistent advisory practices and precise execution of Buyout GP’s • Consultants transactions. Our Professionals have been trusted advisors to Corporations, Institutions, Limited Partners, and General Partners around the globe. Our • Pension Fund • Directors of Investment and Advisory practice focuses on the Acquisitions and divestitures of Advisors Alternative limited partner interests in the Alternative Asset and Private Equity markets. Our • Pension Fund Investment professionals, partners, and industry contacts are our most valuable
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