KN2153new cover 9/8/07 11:32 Page 1

attendees in 2006 , & including 650+ Institutional Investment Summit 130+ Building And Maintaining Robust LPs And Loyal LP/GP Relationships The 7th Annual

Join The Most Incisive & Authoritative Chairmen:

Ray Maxwell Jonny Maxwell Jon Moulton Founder and CEO formerly Managing Partner

PRIV-ITY STANDARD LIFE ALCHEMY PARTNERS Hear From 70 LPs Including: INVESTMENTS v • Caisse de Dépot et Placement de Québec • Nordea • Adams Street • Teachers Private Capital • Life Capital Partners • Alpinvest • Hear From Outstanding Performance Equity Management • 747 Capital • William & Flora Hewlett Foundation • Cambridge Associates • Capital Dynamics • Irish National Pension Guest Speakers: Reserve Fund • Scottish Widows Investment Partnership • JP Morgan Asset Management • Altius • F&C • AIG Investments • Hamilton Lane • Keyhaven Capital Partners • Bregal Investments • Portfolio Advisors • Gartmore Private Equity • Harbourvest • Caisses des Dépots et Consignations • ATP PEP • Abbott Capital Partners • PSP Investments • BA Pensions • Northwestern Mutual Life • Allianz Alternative Assets Holding • Access Capital Partners • Second Swedish National AP2 • Altium Capital Gestion • European Investment Fund • Adveq Capital • OMERS Capital Partners • Standard Life • MN Services • Adams Capital Partners • Unigestion • SVB Capital • GE Asset Management • Hermes Private Dan Pink Mike Harris Equity • Jade Advisors • CAM Newmarkets International Finance Corporation • Author Chair of Innovation, Partners Group • Siguler Guff • CDC • Pantheon • Rho Fund Investors A WHOLE RBS, Founder NEW MIND FIRST DIRECT & EGG Executive Chairman Join 170 Private Equity Leaders: GARLIK • Guy Hands, CEO, TERRA FIRMA • Chris Masterson, CEO, MONTAGU PRIVATE EQUITY • Charles Sherwood, Partner, PERMIRA PLUS • Johannes Huth, Managing Director, KKR • Julian Knott, Partner, COGNETAS • Javier Loizaga, CEO & Managing Partner, MERCAPITAL • Jim Orlando, Vice President, OMERS • R Michael Barth, Senior Managing Director, Global Investment, CAPITAL PARTNERS DARBY OVERSEAS INVESTMENTS • Marc St John, Senior Managing Director, CVC • Ronan Cunningham, Head of Private Equity • Nikos Stathopoulos, Partner, BC PARTNERS IRISH NATIONAL PENSION RESERVE FUND Doug Richard • Bruce Barclay, Director, ADVENT • John Hourican, Head of Leveraged Finance Chairman INTERNATIONAL ROYAL BANK OF SCOTLAND • Peter McKellar, CEO Private Equity, LIBRARY HOUSE • Andrew Joy, Partner, CINVEN Josh Lerner STANDARD LIFE • Michael Russell, Partner & Head of Europe, ALTIUS Jacob H Schiff • Rolf Dienst, Founder, WELLINGTON PARTNERS, • Anders Strömblad, Head of Alternatives, Professor of Chairman, BVK SECOND SWEDISH NATIONAL PENSION FUND AP2

Investment Banking • Jan Faber, Managing Director, BREGAL INVESTMENTS • Pierre Fortier, Vicev President Funds, Private Equity, HARVARD • Christoph Rubeli, Head of Asia, PARTNERS GROUP CAISSE DE DÉPOT ET PLACEMENT DE QUÉBEC BUSINESS • Ion Bogdaneris, Managing Director, Alternative • William Gilmore, Investment Director, Private Equity, SCHOOL Investments Europe, AIG INVESTMENTS • Duke DeGrassi, Managing Director Europe, HAMILTON LANE SCOTTISH WIDOWS INVESTMENT PARTNERSHIP • Sasha van de Water, Managing Director, KEYHAVEN • Christopher Hunter, Managing Director, CAMBRIDGE ASSOCIATES CAPITAL PARTNERS • Andrew Claerhout, Managing Director • Alan MacKay, Managing Director, 3I QUOTED PRIVATE EQUITY TEACHERS PRIVATE CAPITAL Edward I Altman • Kathleen Bacon, Managing Director, HARBOURVEST • John Clark, Managing Director Max L. Heine • Susanne Forsingdal, Partner, ATP PEP PERFORMANCE EQUITY MANAGEMENT Professor • Anne Glover, Chief Executive, AMADEUS CAPITAL PARTNERS • Hans Albrecht, Managing Director, NORWIND CAPITAL of Finance • Maarten Vervoort, Partner Fund Investments Europe, ALPINVEST • John Schumacher, CEO, NYL CAPITAL PARTNERS STERN SCHOOL • Vicky Wilson, Head of Private Equity, BA PENSIONS • Ernest Lambers, Head of Emerging Markets, ALPINVEST OF BUSINESS, • Thomas Pütter, Chief Executive, ALLIANZ CAPITAL PARTNERS, • Dominique Peninon, Managing Partner & Co-Founder NEW YORK Managing Director, ALLIANZ ALTERNATIVE ASSETS HOLDING ACCESS CAPITAL PARTNERS UNIVERSITY • Arthur Rakowski, CEO, MACQUARIE EUROPEAN INFRASTRUCTURE FUND • Carol Kennedy, Senior Partner, PANTHEON

Workshop Don’t miss the new PRIVATE EQUITY AS EMERGING MARKETS PLUS AN ASSET CLASS PLUS SAVE UP TO Understanding The Complexities Of SUMMIT £600 Investor Decision-Making One entire day covering the key global emerging markets BOOK BY 3 August 07 led by Guy Fraser-Sampson 13th November 2007 13th November 2007

 Emerging Markets Summit -13th November 2007 Principal Sponsors: Principal European Principal US Law Co-Sponsors:  Investor Workshop - 13th November 2007  Main Conference 14th -16th November 2007 Law Firm Sponsor: Firm Sponsor:

Westin Hotel, Paris Tel: +44 207 017 7200 Fax: +44 207 017 7807 [email protected] www.icbi-superinvestor.com In Association Website: www.icbi-superinvestor.com email:[email protected] With tel: +44 (0) 20 7017 7200 fax: +44 (0)20 7017 7807 KN2153 SUPINV07 IN 9/8/07 13:44 Page 2

EMERGING MARKETS SUMMIT MAIN CONFERENCE DAY 1 14TH NOVEMBER 2007 13th November See page 4-5 for details 08.00 Registration and Coffee

Welcome Address 08.20 Chris Ward, Partner, Global Head of Corporate Finance Advisory, DELOITTE p5

Morning Chairman: Plus 08.25 WORKSHOP - Jon Moulton, Managing Partner, ALCHEMY PARTNERS p5 Where Are Buy-Outs Headed? 08.30 Private Equity As An Asset Class Alan MacKay, Managing Director, 3I QUOTED PRIVATE EQUITY p5 13th November The Risk And Challenge Of Mega-Funds And Mega-Deals: How Large Can Funds Get And How Will Big Groups Generate The Necessary Returns?

Guy Fraser-Sampson v Moderator: Maarten Vervoort, Partner Fund Investments Europe, ALPINVEST Author, Multi-Asset Class Investment Strategy Marc St John, Senior Managing Director, CVC 09.00 All attendees will receive free a copy of Guy Fraser-Sampson’s new book. Emilio Voli, Head European Investor Relations, APAX MEGA FUNDS Andrew Joy, Partner, CINVEN 09.00 – 17.30 PANEL Nikos Stathopoulos, Partner, BC PARTNERS Guy Fraser-Sampson Johannes Huth, Managing Director, KKR p5 Author, Multi-Asset Class Investment Strategy A Market Perspective: Reviewing Key Challenges And Significant Developments Private Equity as an Asset Class – 09.50 In The European Fund Market Place

Understanding the Complexities of Investor Decision-Making Jonathan Blake, Senior Partner & George Pinkham, Partner, SJ BERWIN LLP p5 For many investors, Private Equity represents a strange and daunting landscape fraught with unknown perils and traps for the unwary. Guy is one of the 10.15 Morning Coffee world’s acknowledged experts on the subject and will explain its intricacies to you in a refreshingly entertaining and easily understandable manner. Measuring The Risk Faced By Private Equity Investors And Players Stemming LEVERAGE From The High Degree Of Leverage On Deals Moderator: Bruce Barclay, Director, ADVENT INTERNATIONAL 09.30 - 10.15 AND RISK Peter McKellar, CEO Private Equity, STANDARD LIFE Analysing Private Equity and its different forms 11.00 Tim Flynn, Co-Head European Leveraged Finance, GOLDMAN SACHS  What is private equity? Christine Vanden Beukel, Senior Managing Director, GSC PARTNERS  and Venture distinguished John Hourican, Head of Leveraged Finance  Industry size ROYAL BANK OF SCOTLAND  Other forms of private equity James Douglas, Partner & Debt Advisory Leader, DELOITTE p5/6

10.15 - 11.45 What Will Be The Drivers Of Value When Excess Liquidity Has Dried Up? Understanding how private equity returns work Moderator: Carol Kennedy, Senior Partner, PANTHEON  Allocated, Committed, Drawndown and invested capital Dominique Peninon, Chairman and Managing Partner  The J-curve ACCESS CAPITAL PARTNERS VALUE DRIVERS  IRRs 11.40 Andrea Bonomi, Chairman, INVESTINDUSTRIAL PANEL  Multiples Bjørn Høi Jensen, Senior Partner, EQT PARTNERS  Comparing PE against other asset classes Billy Gilmore, Investment Director, Private Equity  Quoted PE SCOTTISH WIDOWS INVESTMENT PARTNERSHIP Derek Murphy, Head of Private Equity, PSP INVESTMENTS p5/6 12.00 - 13.00 Buyout, Buyout returns and fund sizes GUEST SPEAKER  Drivers of buyout returns 12.20 How to Give your Organisation a New Brain  How to analyse buyout Dan Pink, Author, A WHOLE NEW MIND p6  Historic buyout returns  Fund sizes 13.15 Lunch plus Q&A with Dan Pink - Sponsored By  The future? CO-INVESTMENT AND MID MARKET AND CREDIT MARKETS, INVESTOR ISSUES SECONDARIES NEW EUROPE & EMERGING MARKETS 13.00 - 14.00 Lunch Chaired by TRIAGO Chaired by PALAMON Chaired by STRATCOM MID-MARKET PANEL CO-INVESTMENT 14.00 - 15.00 What Are The Challenges And Future Successful Co-Investment For LPs And CREDIT MARKET For The Mid Market In An Era Of GURU Venture, Returns and Funds The Current Market Dynamic – How To Mega Buy-Outs And Funds? Establish Yourself As The First Port Of  Drivers of venture returns Moderator: 15.00 - 16.00 Call For Co-Investment Opportunities  The US venture model LYCEUM CAPITAL Debt Markets And Buy-Outs – Moderator:  How to analyse venture 15.00 Understanding The Potential For And CAPITAL DYNAMICS AIG INVESTMENTS  Fund sizes Extent Of A Credit Market Downturn MERCAPITAL  The future? O'MELVENY & MYERS LLP PERFORMANCE EQUITY LOMBARD ODIER Edward I Altman MANAGEMENT WELLINGTON PARTNERS Max L Heine Professor of Finance 15.15 - 16.15 LEXINGTON PARTNERS BVK STERN SCHOOL OF BUSINESS INNOVA CAPITAL NEW YORK UNIVERSITY Fund Evaluation Processes and Due Diligence AUGUST EQUITY p6 p6  What LPs look for and why How Do Secondaries Players See Examining Differentiation In The p7  LP process The Development Of Their Business? Mid-Market – How Is This Evolving And  How to be a good LP Moderator: What Do Investors Need To Know? 16.00 - 16.25  Decision making POMONA CAPITAL Moderator: Successful Management Of  Due Diligence PALAMON CAPITAL PARTNERS GP/LP Relationships Through  Monitoring 15.45 VISION CAPITAL Different Market Cycles HERMES PRIVATE EQUITY tbc COGNETAS TRIAGO ALMEIDA CAPITAL 16.30 - 17.30 PROSKAUER ROSE LLP ADAMS STREET PARTNERS FINATEM Planning an investment programme INFLEXION SECONDARIES  Cashflow planning p6 RHO FUND INVESTORS p6 p7  Allocation 16.25 Afternoon Tea  Commitment  Diversification by time 17.15 - 17.55 Big Buy-Outs and Exits – How Do You Position Yourself As  Diversification by sector or geography Examining The Legal Practicalities How Long Can Recapitalisations “Investor of Choice”?  Total Return Of Secondary Transactions And Continue As the Driver Of Returns And Moderator:  Dealing with uninvested capital Developments Such As Co-Investment Where Will Big Buy Out Firms Go PROBITAS PARTNERS 17.15 Arrangements For Their Final Exits? Guy Fraser-Sampson has over twenty years’ experience of the asset class, including having set up and run for OMERS CAPITAL PARTNERS several years the non-US operations of leading manager Horsley Bridge. In addition to having unri- SJ BERWIN LLP NORDEA BREGAL INVESTMENTS valled knowledge and experience of the area, Guy has a wonderful reputation as a speaker and trainer. A reviewer of WILLIAM AND FLORA HEWLETT a recent workshop in London described him as “fluent, informal and amusing, with a natural talent for making a BIG BUY-OUTS FOUNDATION complex subject seem both approachable and interesting.” He has written many articles over the years and is the p6 p7 SVB CAPITAL author of two books, both of which went straight into the Amazon best-seller lists: Multi Asset Class Investment ECI PARTNERS NEW EUROPE p7 Strategy and Private Equity as an asset class. The latter has been hailed as the first definitive textbook to be Should Investors Be Concerned published on the subject anywhere in the world. LPs can learn how to distinguish between different types of private No Longer An Emerging Market - Regarding The Volume Of Secondary equity and how to analyse them with a view to investment decision-making. How should you conduct your due Seizing Opportunities In A New Europe p7 And Tertiary Activity Amongst GPs? 17.55 - 18.45 diligence? How should you plan and manage your fund investment programme? What do you do with uninvested Moderator: Exploring New Thinking And capital? These are just some of the pressing issues with which LPs will be faced, and all of which will be dealt with MVISION Alternative Approaches To Private during this one day workshop. GPs can step outside the box and hear the view from the other side of the hill. How 17.40 ALPINVEST Equity Investing In Emerging Markets do LPs view private equity funds? The answers may surprise those who have spent their careers on the sell side, MID EUROPA PARTNERS Moderator: and will certainly find them better equipped the next time they go out fundraising. As this workshop will suggest, a ADVENT INTERNATIONAL CAMPBELL LUTYENS lot of presentational material is often wrongly focussed or even completely wasted. SE CONDARIES ENTERPRISE INVESTORS GLOBAL FINANCE ALPINVEST KROKUS PE GARTMORE PRIVATE EQUITY p6 p7 PORTFOLIO ADVISORS 18.30 Champagne Roundtables see page 7

19.30 The Grand SuperInvestor Wine-Tasting Casino see page 7 2 KN2153 SUPINV07 IN 9/8/07 13:44 Page 3

MAIN CONFERENCE DAY 2 MAIN CONFERENCE DAY 3 15TH NOVEMBER 2007 16TH NOVEMBER 2006

08.10 Morning Coffee From Macro To Micro – The Essential Issues In Private Equity Morning Chairman 08.40 Chairman Jonny Maxwell, formerly, STANDARD LIFE p7 08.55 Ray Maxwell, Founder & CEO, PRIV-ITY p9 Beyond Passive Providers of Capital - 08.50 To What Extent Are LPs Taking A More Active Role In Private Equity Investments? Analysing Private Equity’s Impact On The World Economy Andrew Claerhout, Managing Director, TEACHERS PRIVATE CAPITAL p7 And The Public Markets – 09.00 Insights From New Research ACADEMIC Out of the Box LP Session Plus Questions What Should Investors Be Worrying About And Where Should Their Resources Be Focussed? Josh Lerner, Jacob H Schiff Professor of Moderator: Christopher Hunter, Managing Director HARVARD BUSINESS SCHOOL p9 CAMBRIDGE ASSOCIATES

Duke DeGrassi, Managing Director Europe, HAMILTON LANE OUTLOOK PANEL: v 09.15 Maarten Vervoort, Partner Fund Investments Europe, ALPINVEST Private Equity And The World Economy - Ronan Cunningham, Head of Private Equity What’s In Store for 2008 - Can the Boom Last? IRISH NATIONAL PENSION RESERVE FUND Moderator: Marleen Groen, CEO, GREENPARK CAPITAL Anselm Adams, Chair, ADAMS CAPITAL PARTNERS Thomas Kubr, CEO, CAPITAL DYNAMICS Pierre Fortier, Vice President Funds, Private Equity 09.50 Hans Albrecht, Managing Director, NORWIND CAPITAL CAISSE DE DÉPOT ET PLACEMENT DE QUÉBEC Rod Selkirk, Chief Executive, HERMES PRIVATE EQUITY David Novak, Partner, CLAYTON, DUBILIER & RICE p7 Eddie Misrahi, President, FRENCH VENTURE CAPITAL ASSOCIATION, Fundraising LP Preferences In 2007 And Outlook For 2008 Managing Partner, APAX 10.00 – Results from Brand New Research Josh Lerner, Jacob H Schiff Professor of Investment Banking Richard Sachar, Managing Director, ALMEIDA CAPITAL p8 HARVARD BUSINESS SCHOOL p9 10.40 Coffee 10.35 Morning Coffee Are Ever Bigger Deals Something The Industry Can Live With? p10 11.15 To What Extent Will Mega-Deals Necessitate Eventual Regulatory Involvement? Exploring Contrarian Strategies To Buy-Outs – Guy Hands, CEO, TERRA FIRMA p8 What Are Investors’ Options Given That The Boom May Be Ending? Moderator: Kathleen Bacon, Managing Director, HARBOURVEST Benefits Of Private Equity Hamish Mair, Head Private Equity Funds Team, F&C Dispelling The Myth That Buy-Out Firms Are Just Asset Strippers – 11.05 Paolo Simonato, Vice President Private Equity Examining Evidence For The Benefits Of Private Equity GE ASSET MANAGEMENT Moderator: Javier Loizaga, Executive Partner, MERCAPITAL 11.50 Thomas Pütter, Chief Executive, ALLIANZ CAPITAL PARTNERS Hans Albrecht, Managing Director, NORWIND CAPITAL Michael Wright, Professor of Financial Studies, UNIVERSITY OF NOTTINGHAM Walter Butler, President, BUTLER CAPITAL PARTNERS Charles Sherwood, Partner, PERMIRA Ian Cash, Managing Director, Special Opportunities Fund, ALCHEMY Vince O’Brian, Director, MONTAGU PRIVATE EQUITY Rod Selkirk, Chief Executive, HERMES PRIVATE EQUITY p8 THE PRIVATE EQUITY FIRM Analysing Changing Issues In The Operation GUEST SPEAKER: 11.50 And Staffing Of Private Equity Firms 12.30 Mike Harris, Chair of Innovation, RBS, Founder, FIRST DIRECT & EGG p8 Ion Bogdaneris, Managing Director, Alternative Investments Europe Executive Chairman, GARLIK AIG INVESTMENTS p10 Lunch - Sponsored By 13.15 Including Ladies-Only Networking Lunch GUEST SPEAKER: 12.20 What Makes A Successful Venture Backed Company? PRIVATE EQUITY INVESTING & QUIZ VC & INFRASTRUCTURE LP ISSUES Doug Richard, Chairman, LIBRARY HOUSE Chaired by Chaired by Chaired by p10 Guy Fraser -Sampson SJ BERWIN LLP MOURANT Lunch Succession Planning Issues For Does Fund Size Consistency Matter 13.10 Q&A Investors – Ensuring A Brand Is To LPs: Are The Rules For Assessing plus Off The Road Q&A with Doug Richard 14.45 with Sustained And Developed Today's Mega Funds Different From Mike Harris Mid-Market? Chairman p8 PROSKAUER ROSE LLP p8 Moderator: HELIX Ray Maxwell, Founder, PRIV-ITY p10 GRAPHITE CAPITAL On-shore Fund Solutions In Speaker and title to be announced, CINVEN Asset Management Firms Or Private Equity Investors – 15.05 Luxembourg And The Netherlands please see PANTHEON What Is The Future Structure Of Private Equity? www.icbi-superinvestor.com NORTHWESTERN MUTUAL LIFE LOYENS & LOEFF Jos van Gisbergen, Director Alternative Investments, MN SERVICES p8 p8 INSURANCE p9 Rainer Ender, Managing Director, ADVEQ CAPITAL 14.30 How Can Investors Achieve A Broader Pierre Fortier, Vice President Funds, Private Equity Infrastructure And Private Equity – Evaluating The Different Structures Exposure To Private Equity? Defining The Category And How And Means By Which Investors CAISSE DE DÉPOT ET PLACEMENT DE QUÉBEC Moderator: Funds Are Delivering Performance Can Implement A Target Exposure Colin Taylor, Managing Director & Partner STANDARD LIFE To Private Equity CREDIT SUISSE ALTERNATIVE INVESTMENTS p10 MN SERVICES BA PENSIONS 15.25 MACQUARIE UNIGESTION SECOND SWEDISH NATIONAL JP MORGAN FLEISCHHAUER, PENSION FUND AP2 STRATEGY AND PRACTICE ROUNDTABLES ASSET MANAGEMENT HOYER & PARTNER CAISSE DES INFRASTRUCTURE INVESTMENT Plus panellists to be confirmed Fund Evaluating In A More Complex Environment – DÉPÔTS ET CONSIGNATIONS please see NEW YORK LIFE If It’s Not All About The Upper Quartile, What’s It All About? INFRASTRUCTURE www.icbi-superinvestor.com CAPITAL PARTNERS p8 p8 p9 15.15 Marc der Kinderern, Managing Partner, 747 CAPITAL 16.05 Afternoon Tea Lauge Sletting, Head of Private Equity, NORDEA Christopher Hunter, Managing Director, CAMBRIDGE ASSOCIATES QUICK-FIRE SHOWCASE Chaired by: p8 How To Gain Access To Top Tier O’ MELVENY & MYERS LLP Funds Whose Historical Michael Russell, Partner & Head of Europe, ALTIUS Your chance to present your fund to the Out Performance Is Likely To Persist Wladimir Mollof, Chairman, ALTIUM p10 16.35 SuperInvestor audience – 3 valuable What Can European VC Investors minutes to inform, entertain and Learn From Successful US VCs? ALTIUS persuade! 16.10 One For The Road Drinks p8 AMADEUS CAPITAL PARTNERS p9 Is Venture Back In Favour? 16.30 Close of Superinvestor The SuperInvestor Quiz Moderator: Where Is the Smart Money Going? Hosted by Jon Moulton IMDAD CAPITAL GP Selection And Performance ALCHEMY PARTNERS Analysis – On What Basis Are LPs O'MELVENY & MYERS LLP Making Decisions? With heavyweight panellists: ATP PEP Moderator: Jonny Maxwell, formerly of 16.55 NEWMARKETS PARTNERS KEYHAVEN CAPITAL PARTNERS STANDARD LIFE EUROPEAN INVESTMENT FUND Carol Kennedy, PANTHEON “SuperInvestor is one of the few events I appreciate ATLAS VENTURE ABBOTT CAPITAL PARTNERS Vince O’Brien, MONTAGU ESPRIT CITY CAPITAL PARTNERS Rod Selkirk, HERMES attending – it’s one of my favourites!” DENNING AND CO Rhonda Ryan, AIG INVESTMENTS VC Rod Richards, GRAPHITE p8 p8 p9 Wim Borgdorff, Managing Partner and Head of Fund Investments, ALPINVEST

p9 Where Will Private Equity Be In Five Years’ Time And Where Will The Value Come From? Moderator: Jeremy Coller, CEO, COLLER CAPITAL Chris Masterson, CEO, MONTAGU PRIVATE EQUITY 17.35 Ion Bogdaneris, Managing Director, Alternative Investments Europe AIG INVESTMENTS Duke DeGrassi, Managing Director, Europe, HAMILTON LANE To Promote Yourself To This Fantastic John S Clark, Managing Director, PERFORMANCE EQUITY MANAGEMENT Paul Fletcher, Senior Partner, ACTIS Conference Contact [email protected] 18.25 p9 Electronic Polling Led by Jon Moulton, Managing Partner, ALCHEMY PARTNERS 19.10 Session +44 (0) 207 017 7219 19.30 Coaches Leave For Themed Gala Reception - Venue to be announced p9 3 KN2153 SUPINV07 IN 9/8/07 13:44 Page 4

EMERGING MARKETS SUMMIT 13TH NOVEMBER 2007

08.30 Moderator: Martin Haemmig, Professor, CETIM Registration and Coffee Paul Denning, CEO, DENNING AND CO For biography see above Denning and Company, LLC was founded in 2001 to serve the private 08.50 equity fundraising needs of both veteran General Partners seeking only to Richard Chen, Chairman, VINCERA CAPITAL broaden their L.P. base, as well as the next generation of Private Richard Chen founded Vincera Capital in 1997 and served as President in Chairman: Equity Managers, requiring a more elaborate fundraising effort. Denning 1997 and later as Chairman & CEO from 2002. He was responsible for Managing Director and Company, LLC has raised funds based in the U.S., Japan/Asia, Vincera Capital’s investments in Compal Communications, Formosa Jonathon Bond, UK/Europe, Russia, and Israel from an L.P. base similarly diversified. Epitaxy, Largan Precision and others. Richard was elected Chairman of the ACTIS Taiwan Venture Capital Association (TVCA) in May 2005 and Vice Chairman Jonathon is responsible for Actis’s global fundraising Patricia Dinneen, Managing Director, SIGULER GUFF of the Asia Pacific Venture Capital Alliance (APVCA) in July 2006. and investor relations activities. In addition, he is also a Patricia is a senior member of Siguler Guff's investment staff and has member of the Management Committee and Investment responsibility for managing the BRIC Opportunities Fund, LP. Prior to join- Christoph Rubeli, Partner, PARTNERS GROUP Committees for Africa, Asia Pacific, Energy, South Asia, ing in August 2004, she was at Cambridge Associates, an independent For biography see above and Malaysia. Jonathon joined CDC Capital Partners in financial consulting firm, where she led the emerging markets private 2001, prior to the creation of Actis in 2004, with the equity advisory business, including asset allocation planning, market Ludvig Nilsson, Director & Managing Partner responsibility for setting up and managing a fundraising team. From 1994 research, manager searches and due diligence. In collaboration with the to 2001, Jonathon was a Director at HSBC Private Equity, Asia. He was major International Finance Institutions (IFI), she created the first, com- JADE ALTERNATIVE INVESTMENT ADVISORS responsible for founding and developing the company's operations in prehensive emerging markets private equity database to measure per- India, and managing the US$60 million HSBC Private Equity India Fund. formance and to help professionalize the asset class. She has also held positions at Hughes Communications, The RAND Corporation, and the 12.50 White House. 09.00 Japan – How Can You Make Money In This Allocation To Emerging Markets - How Should LPs Marie-France Mathes, Founder Developed Economy But Undeveloped Market? Construct A Global Portfolio? CAM NEWMARKETS PARTNERS speaker to be announced, please see NewMarkets Partners is a private equity firm founded by former invest- www.icbi-superinvestor.com  Developments in emerging markets and SUMMIT ment professionals of the International Finance Corporation. Their joint emerging markets investing venture, CAM Private Equity, CAM NewMarkets I is a new fund-of-funds for KEYNOTE institutional investors focusing on emerging PE markets outside of North 13.10 Lunch  Emerging markets private equity, an asset America and Western Europe. Marie-France Mathes previously worked in class coming of age the IFC's Funds Department, a private equity investor active in emerging markets.  Perspectives on determining the level of E. M. allocation in a Chairman global portfolio Olivia X. Ouyang R Michael Barth Sarah Alexander, President, EMPEA Investment Officer, Private Equity & Investment Funds Previously, Sarah managed private equity transactions Senior Managing Director, Global Investment throughout Asia for Emerging Markets Partnership (now INTERNATIONAL FINANCE CORPORATION EMP Global), a global firm with over $5 billion under man- DARBY OVERSEAS INVESTMENTS Olivia joined IFC in 2005 and is responsible for existing portfolio fund agement. Prior to joining EMPEA, she worked at the World Darby Overseas is the Private Equity arm of Franklin supervision as well as new fund investments in emerging markets, Bank, where she designed new initiatives for Templeton. Michael has had a long and distinguished especially East Asia and Eastern Europe/Russia. Prior to this, she was private sector participation in development finance. From career and has been one of the pioneers of emerging Chief Financial Officer at Jupiter Partners, where she managed 1989-1993, she managed international trade and financial markets investing. In 2005, he completed his term as accounting, finance and investments of $600 million private equity issues at the U.S. Department of State, where she Chief Executive Officer of FMO NV, the highly regarded assets, and handled all aspects of fund operations. focused on Eastern Europe, NAFTA and G7 Summit issues. Dutch institution specialising in emerging markets pri- vate investment/finance. He now leads the further development of Andrew Lebus, Managing Partner, PANTHEON Darby's global investment operations, utilising Darby's established pres- Andrew has 22 years of private equity experience and is a senior member 14.40 ence in the major emerging market regions of Asia, Central/Eastern of Pantheon’s investment team, one of the worlds leading private equity Europe, and Latin America. Previously he has held senior positions at the fund-of-funds, with $17bn under management. Andrew is responsible for Combining Direct Equity Investment With Hands- World Bank and the International Finance Corporation and currently is a co-ordinating the activities of Pantheon International Participations PLC member of the Board of Directors of EMPEA, the Emerging Markets (“PIP”). PIP has assets of £500m and has been investing in private equity On Participation in South and South-East Asian Private Equity Association. since its launch in 1987 as the first UK listed private equity fund-of-funds. Markets – Challenges and Keys to Success Nicholas Bloy 09.25 Jean-François Helfer, Partner NATIXIS PRIVATE EQUITY Founding Partner How Should LPs Construct A Global Portfolio? Jean-François Helfer joined Natixis Private Equity International NAVIS CAPITAL Chairman: Jonathon Bond, Partner, ACTIS Management in 2001 when the company started sponsoring activities in Nicholas joined The Boston Consulting Group (“BCG”) Europe, Asia and South America. He has more recently been involved in in Asia in 1989 after spending 3 years with Bain & Co. See above for biography the NPEI developments in Central and Eastern Europe and India. in London. His work has focused on Australia, New LPs’ GLOBAL Previously to NPEIM, Jean-François Helfer was an investment manager Zealand, Malaysia, Indonesia, Singapore, Hong Kong, David Yeung, President & CEO focusing on direct investments in the Middle East. South Korea, the Philippines and Thailand. Nicholas PORTFOLIOS has worked in a wide range of industries including con- AIG CAPITAL PARTNERS, sumer and industrial goods, oil and gas, pharmaceuticals, conglomer- 11.00 Coffee Managing Director, AIG INVESTMENTS ates, electronics, financial services and others. David is a Managing Director of AIGIG, New York and is President & CEO Chairman of AIG Capital Partners, AIGIG’s private equity investment arm with focus 15.10 in Central Eastern Europe, Russia, Turkey, Latin America and Africa. He Martin Haemmig, Professor, CETIM also heads up AIG’s infrastructure investments in emerging markets Martin’s venture capital research covers 13 countries in Asia, Europe, Vietnam- A Emerging Market Frontier: Understanding including Asia ex-Japan, Central & Eastern Europe, Latin America and Israel, and USA. He lectures at UC Berkeley, Stanford, UniBW Munich, Africa covering the various AIG-sponsored infrastructure funds. ETH Zurich, as well as at China’s Peking, Tsinghua, Renmin, Fudan, and The Opportunity, Challenges And Risks JiaoTong University. He is an advisor to the World Economic Forum work- Nguyen Bao Hoang TNAM Steve Cowan, Managing Director ing group on “Nurturing China’s early-stage Venture Capital” and is author VIE for books on the Globalisation of Venture Capital (English & Chinese). He Managing General Partner PCG INTERNATIONAL was appointed as expert and faculty to the China Research Center at UC Steve Cowan focuses on making investments and providing advice regard- Berkeley for China. IDG VENTURES VIETNAM ing private equity markets outside the US and Western Europe. Prior to IDG Ventures Vietnam is a $100 million fund focused on joining PCG, he served at OPIC for 10 years and most recently as director 11.30 technology, media, and telecom investments in Vietnam. in the investment funds department where he was responsible for struc- As the founding partner of the Fund, Henry splits his time turing new funds, designing and implementing the programme’s asset Indonesia – Assessing Opportunities In between Hanoi and Ho Chi Minh City, which affords him allocation plans, selecting managers and managing a portfolio of fund INDONESIA access to both government and business leaders. One of investments for the $3.5bn investment funds programme. He also assist- SE Asia’s Biggest Economy three General Partners, Henry concentrates on fund strat- ed in designing OPIC’s ground-breaking capital markets product. Steve egy, governmental relations, general management and operations. has also served as Adjunct Professor of Law at American University’s Anne-Maree Byworth, Head of Private Equity, CDC Washington College of Law and advisor to the government of Colombia Anne-Maree Byworth joined CDC in June 2004. Until April 2007 she was and Canada with respect to devising private equity programmes. the portfolio director responsible for the selection and monitoring of 15.30 CDC’s private equity commitments to funds investing in the emerging economies of South and South East Asia and the Pacific. She now chairs India – Where Are The Opportunities, R Michael Barth, Senior Managing Director, CDC’s investment committee and coordinates private equity fund invest- What Are The Concerns? Global Investment ment activity across the emerging markets where CDC focuses its atten- tion, namely Asia, Africa and Latin America. She sits on a number of fund Moderator: DARBY OVERSEAS INVESTMENTS advisory boards around the world. See above for biography Arun Natarajan, Founder & CEO INDIA 11.50 VENTURE INTELLIGENCE Christoph Rubeli, Partner, Head of Asia Venture Intelligence is the leading source of information and networking The Current Status Of VC In China - Opportunities services to the Private Equity and Venture Capital ecosystem in India. PARTNERS GROUP Arun is a media entrepreneur with over 11 years of research and busi- Christoph Rubeli is a Partner in the markets business group with And Challenges For VCs And LPs ness journalism experience. He founded Venture Intelligence in 2002 responsibility for deal and manager origination and client relationships in York Chen, President & Managing Partner based on his experience in observing and working with multiple start-ups, the Asia-Pacific and the Middle East region. In addition, he is a member including in their business planning and venture capital financing. of the private equity investment committee. Previously, he was head of ID TECHVENTURES the private equity investment management business group, where he was In Greater China, iDT have invested into some 70 early responsible for the firm's private equity partnership, direct and secondary and expansion stage tech deals in areas of local value- Gopal Jain investment activities, and was instrumental in building Partners Group's add services. York is the director to some 10 compa- Founder and Managing Director global private equity portfolio and industry network. nies, including founding director of Linktone (Nasdaq: LTON). As one of the most active venture capitalists in GAJA CAPITAL China, York was termed by media as a “VC Evangelist” Gopal is Founder and Managing Director of Gaja Capital Partners. Gaja is Ernest Lambers, Head of Emerging Markets and “VC Scholar” unselfishly sharing his deep observa- an India focused, mid-market Private Equity firm. The firm follows a ALPINVEST tion and advice on China VC to the peer groups at home and abroad. He research-driven investment strategy aimed at exceptional growth situa- Ernest is responsible for the emerging private equity markets program at initiated, managed and oversaw more than 10 diversified national and JV tions in emerging sectors. Gopal has over 15 years of investing experi- AlpInvest, which focuses on Asia, Central & Eastern Europe, Latin operations spanning from Moscow to Auckland, from Seoul to Bangalore. ence in India, across both the private and public equity markets. He has America and Israel. Dutch Pension Funds ABP and PGGM have committed 18 PE investments to his credit over these years. over €30 billion to AlpInvest, of which €25 billion has been allocated to Funds and Secondaries and €5 billion to Co-investments. The Emerging 12.10 Varun Sood, Managing Partner Markets represents approximately 10% of the total program. Ernest joined AlpInvest at the start in 2000. Since then, he has been instrumental in China – Assessing the Opportunities CAPVENT building a diversified portfolio of fund relationships in the Emerging And Practical Reality Of Investing In Varun is a co-founder of Capvent AG. He jointly manages the firm's Private Equity Markets. investment activities and operations. Previously, Varun was an Executive China: What Are The Legal, Cultural, Director and head of the Continental European LBO group at Société Economic And Ownership Issues? Générale, and a Vice President at ABN AMRO. 10.05 Moderator: Rahul Bhasin Going Into Emerging Markets For The First Time - York Chen, President and Managing Partner Managing Partner ID TECHVENTURES BARING PRIVATE EQUITY INDIA Finding Quality Managers, Assessing Risk And For biography see above Rahul is a Senior Partner of BPEP International and a member of the Ameliorating Return CHINA Investment Committee of Baring Vostok Private Equity Fund. He has Alice Chow, Managing Director served as the Chairman of MphasiS BFL Limited and and oversaw its David Yeung, President & CEO transformation from a loss making to a profit making company. He SQUADRON CAPITAL ADVISORS continues to be on the boards of MphasiS BFL and other portfolio AIG CAPITAL PARTNERS, Squadron Capital is a member of Search Investment Group. Squadron companies. Rahul has actively invested in the emerging markets in Latin Capital manages global private equity fund portfolios and direct invest- America, East Europe, Russia, Asia and India. Managing Director ments for Search Investment Group and a fund of Asia Pacific private AIG INVESTMENTS equity funds sponsored by the Group and open to investment by select third parties. Alice originally joined Search Investment Group in 2002. Shujaat Khan For biography see above Squadron Capital was the winner of the Global Private Equity Awards Founder and Managing Director 2006 for ‘Best Fund of Funds Manager in Asia’. BLUE RIVER CAPITAL Tom Clausen, Managing Partner Prior to co-founding Blue River Capital with Edelweiss Capital, Shujaat was a Managing Director and Investment Committee Member at ChrysCapital 10.25 CAPVENT I, LLC and ChrysCapital II, LLC, together comprising India’s largest Tom co-founded Capvent AG, and jointly manages the firm's investment independent private equity firm with $450 million currently under Emerging Markets Fund Selection, Assessing Risk activities and operations. Previously, he was an Executive Director of management. He joined ChrysCapital as a partner in early 2000 and left Société Générale focusing on buyout activities and a member of Senior the firm in 2004. At ChrysCapital, he was involved in virtually every & Ameliorating Returns - How Can You Find Management for Credit Suisse and CSFB San Francisco/Silicon Valley. aspect of the private equity business, including fund raising, deal sourcing, representing ChrysCapital on the boards of companies and Quality Managers Despite Limited Track Records? successfully exiting investments.

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DAY 1 MAIN CONFERENCE DAY ONE 14TH NOVEMBER 2007

Satish Mandhana 08.00 09.50 Managing Director – Investments Registration and Coffee A Market Perspective: Reviewing Key Challenges IDFC PRIVATE EQUITY And Significant Developments In The European 08.20 Fund Market Place 16.10 Welcome Address  Addressing developments in fund terms, and Chris Ward, Global Head of Corporate responses to growing fee pressure South Africa – Opportunities And Challenges Finance Advisory  Examining threats to tax deductibility of debt, in the UK and Ngalaah Chuphi DELOITTE elsewhere in Europe, and to the tax treatment of carried inter- Partner and Director SOUTH AFRICA Chris is the Head of the Corporate Finance Advisory busi- est and management equity ness for Deloitte globally. He is also Chairman of the  Discussing the impact of demands for more accountability ETHOS PRIVATE EQUITY Corporate Finance Faculty of the Institute of Chartered and disclosure Ngalaah joined Ethos in 1999 and has has extensive experience in strate- Accountants in England & Wales. He has specialised in gy formulation; working with management in refocusing businesses corporate finance and in particular in the private equity Jonathan Blake, Senior Partner, SJ BERWIN LLP towards their competitive advantages. As a transactor, he is responsible market for 25 years and has advised on many transac- Jonathan advises private equity funds, investing institutions and manage- for sourcing, execution and value extraction activities in investee compa- tions in a wide variety of sectors. Chris was responsible for the establish- ment teams on management buy-outs, venture and development capital nies. He has oversight on non-South African transactions due to his exten- ment of the Private Equity Fund Placement Advisory Team at Deloitte. investments and related taxation issues. He has a particular specialisa- sive business networks outside of South Africa and intimate working tion in advising private equity and venture capital fund managers in many knowledge of East and West African commercial activities. Ngalaah played countries in Europe and elsewhere on the structuring of venture capital a pivotal role in putting together the new Ethos structure, including Ethos’ 08.25 funds, management companies and carried interest incentive arrange- BEE deal with Sphere Holdings and currently serves on the boards of ments. In April 2004 Jonathan was admitted to the BVCA "Hall of Fame" Moresport (Pty) Limited and Ethos Private Equity Limited. Morning Chairman: in recognition of his contribution to the private equity industry over the past two decades. This was voted on by 500 of the most prominent peo- Jon Moulton, Managing Partner ple in the UK private equity industry, and Jonathan is the first adviser ever 16.30 ALCHEMY PARTNERS to be given this tribute. Alchemy is a UK-based private equity firm, which has Afternoon Tea invested €1billion of equity with an emphasis on dealing George Pinkham, Partner, SJ BERWIN LLP with troubled companies. Jon previously worked with George is the senior partner of the Paris office and head of the office's Citicorp Venture Capital in New York and London, Permira fund formation group. He specialises in private equity transactions, and Apax. He has been a director of five public compa- including LBO and LMBO acquisitions by private equity funds, including 17. 00 nies, numerous private companies and is currently a acquisition structure, senior and subordinated debt and incentive director of the US-based Irvin parachute business, the agreements for management, and in the creation of funds within France Brazil and Argentina – Will They Fulfil Their Cedar IT business, Sylvan (timber), Wardle Storeys (industrial plastics) and abroad. He is a Member of the Tax and Legal Sub-Committee of and Datapoint, a telecommunications business. EVCA, and the Legal Affairs Committee of AFIC, the French private equity Promise With Regard to Financial And Capital association. George regularly advises the AFIC with respect to the drafting Markets? 08.30 of legislation or regulations regarding French FCPRs. speaker to be announced, please see Where Are Buy-Outs Headed? 10.15 Morning Coffee www.icbi-superinvestor.com  Are we entering the era of Big Only Buy-Outs and the ascen- dency of the $10billion+ Funds? 17.30  What will become of the $1billion Funds and can they inno- 11.00 Russia’s Economy And Exit Routes – vate to compete? Measuring The Risk Faced By Private Equity Alan MacKay, Managing Director Understanding Developments To The Rule of Law, Investors And Players Stemming From The High 3I QUOTED PRIVATE EQUITY Property Rights and The Corruption Index Alan MacKay was appointed to the Board of 3i plc in Degree Of Leverage On Deals? 1994. Most recently he has been a senior partner in the Moderator: RUSSIA 3i business until moving in 2007 to be a Chairman and CEO Founding Partner of the newly formed 3i Quoted Private Bruce Barclay, Director Equity business. His track record spans fifteen years and DELTA PRIVATE EQUITY PARTNERS he is also a member of the Strategic Advisory Board of ADVENT INTERNATIONAL SVG. Bruce joined Advent in 1997. He has over 16 years of Patricia is manager of the U.S. Russia Investment Fund private equity and experience and Delta Russia Fund, L.P., two venture capital funds. and six years experience of working in industry. Prior to She is former Co-Chairman, President and General Advent, he worked for KPMG Corporate Finance, special- Partner of , Inc. (formerly Patricof & Co. 09.00 izing in private equity transactions, and Hill Samuel Ventures, inc.) She is a past President and Chairman of Investment Banking, and has been involved in some of the NVCA. In 1991, President George H.W. Bush appoint- Advent’s largest transactions, including HMV and Italtel. ed her to chairman of an Investment Advisory Council to BIG BUY-OUTS revamp the Small Business Investment Company program of the U.S. The Risk And Challenge Of Mega-Funds And Mega- Small Business Administration. From 1977 to 1978, Patricia was Deputy Peter McKellar, CEO Private Equity Administrator, U.S. Small Business Administration, appointed by President Deals: How Large Can Funds Get And How Will Carter. In 1981, Ms. Cloherty also was the founding President of the STANDARD LIFE Committee of 200, a prestigious organisation of the country’s leading Big Groups Generate The Necessary Returns? Peter is a member of the Investment Committee, and women entrepreneurs and corporate executives. In 2004, she was named Moderator undertakes both fund and co-invest direct investments. Business person of the Year by the U.S. Chamber of Commerce in Russia. He also manages the day to day activity of Standard Life Maarten Vervoort European Private Equity Trust, Standard Life’s £250 mil- Partner Fund Investments, Europe lion private equity trust. Standard Life Investments cur- rently manages in excess €3.7billion of private equity 17.55 - 18.30 ALPINVEST money on behalf of around 60 clients world-wide. Maarten joined AlpInvest Partners in 1999 from Is Central and Eastern Europe Still An Emerging PricewaterhouseCoopers Management Consultants (PWC), where he was advising multinational clients on Tim Flynn Market? corporate strategy issues. He was also a member of the management team of the Corporate & Operations Strategy team of PWC Co-Head European Leveraged Finance  Market, growth rate in the Netherlands. Prior to joining PWC in 1993, he worked for NIB GOLDMAN SACHS  Doorway to Russia and Ukraine Capital Bank and was responsible for managing a commercial support Tim is co-head of the Leveraged Finance Group in  Potential return and deal price unit. Maarten is a member of a number of advisory boards, including London. He joined Goldman Sachs as an associate in Advent, Alpha, Atlas, Barclays PE, B&S, Bain Capital Europe, Candover, the London-based Investment Banking Division in 1997,  Political uncertainty, transparency, governance, financial CVC, Charterhouse, Cinven, Nordic Capital and Quadriga. where he focused primarily on mergers and acquisitions market issues for UK clients.  Timing of investment Marc St John, Senior Managing Director Robert G Faris C&EE CVC Christine Vanden Beukel, Senior Marc joined CVC in 1998 having previously worked for Managing Director President and CEO Citicorp for 13 years. At Citicorp, he held various posi- tions, including Head of Capital Markets France, GSC GROUP ENTERPRISE INVESTORS Christine is Senior Managing Director, Corporate Robert was one of the early participants and founders of Managing Director in charge of Capital Structuring Europe, new product development in the Global Mezzanine Lending and European Collateralised the venture capital and private equity business in the Corporate Debt. She joined GSC Group at its inception in U.S. as well as one of the founders of the industry in the Consumer Bank and in charge of Special Projects for ex- chairman, John S. Reed. 1999 and currently manages the day-to-day operations of U.K. and Europe. He is currently, Chairman of Enterprise GSC’s European investment activities. She was with Investors, the largest private equity group in Poland and Greenwich Street Capital Partners from 1994 to 1999. Central and Eastern European region an organization that Emilio Voli established the private equity business in Eastern Europe. He founded Enterprise Investors as an outgrowth of the very successful efforts of his Head, European Investor Relations John Hourican team of Polish and American investment professionals in the Polish- APAX PARTNERS WORLDWIDE Head of Leveraged Finance American Enterprise Fund. Robert has extensive experience in Poland, Emilio joined Apax in 2001 as a Partner in the Milan including managing Enterprise Investors funds from their inception. He has office focusing on leveraged transactions of growth busi- ROYAL BANK OF SCOTLAND developed deep and personal relationships with many top government, nesses. These have included Azimut and PVH-Calvin John is head of RBS’s market leading Leveraged Finance and High Yield industry and professional leaders in Poland and has familiarity with other Klein. In January 2006, Emilio moved to London and was business in Europe and Asia Pacific. Prior to taking on this role John held Central European investment groups. Previously, Robert was a senior part- appointed head of fundraising and investor relations for a variety of senior positions within the Banks Wholesale division, notably ner for 17 years with & Co., from its very early days through Europe, with responsibility for managing relationships with existing and on the Board as Finance Director and more recently Chief Operating its growth to a major factor in the industry. He was President of the firm potential LPs. Before joining Apax, Emilio spent ten years in strategic con- Officer where he was responsible for managing 3,000 people globally. for his last 9 years with the firm during which time he was the Partner in sulting. charge of establishing the first UK Fund, which was eventually merged into Apax Limited. Robert was awarded the Commander Cross Order of Merit James Douglas by the President of Poland in 1999 for exceptional contribution to the Andrew Joy, Partner Partner & Debt Advisory Leader development of the Polish economy. CINVEN DELOITTE Andrew is a partner of Cinven, which he joined in 1992, James co-heads Deloitte’s Debt Advisory business focus- before which he was Chief Executive of Hill Samuel ing on debt assignments for private equity sponsors and Development Capital. As well as being involved in corporates. He joined Deloitte’s debt advisory business 18.45 numerous transactions, he is responsible for fund-raising in 2005 following seven years at JP Morgan Cazenove and is the principal point of contact for Cinven’s Limited where he worked in Corporate Finance focusing on debt Emerging Market Summit Cocktail Reception Partners. Andrew has spent the past 23 years in private advisory assignments for FTSE 350 companies. Prior to this James equity in Europe and was Chairman of the British Venture worked in Debt Capital markets for ABN AMRO where, apart from debt Capital and Private Equity Association, 1995–1996. origination he was responsible for European Derivative Sales. He also spent 6 years’ trading derivatives for ABN AMRO. Nikos Stathopoulos, Partner 19.30 BC PARTNERS Nikos joined from Apax Partners where he spent seven Pre-Conference LP-Only Dinner years working on large buy-out transactions in many 11.40 European countries. Prior to this, he spent three years as a management consultant at the Boston Consulting Group in London. He is a member of the Harvard Business School European Leadership Council and of the VALUE DRIVERS PANEL EVCA buy-out committee. What Will Be the Drivers of Value When Excess Liquidity Has Dried Up? Johannes Huth, Managing Director Moderator: KKR Johannes has been with Kohlberg Kravis Roberts & Co. Carol Kennedy, Senior Partner (KKR) for seven years. He is a member of the Retail PANTHEON industry team. He also manages KKR’s operations in Carol is one of the three Senior Partners jointly responsi- Europe, drawing on his significant experience in this mar- ble for the leadership and direction of Pantheon. Within ket. He has worked at Investcorp in London, where he Europe, she has been an Executive Board Member of the was a Member of their Management Committee and was EVCA and the chair of the EVCA Conferences and jointly responsible for operations in Europe. Member Services Committee.

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DAY 1 MAIN CONFERENCE DAY ONE 14TH NOVEMBER 2007

Dominique Peninon, John Clark STREAM B Chairman & Managing Partner Managing Director MID MARKET AND NEW EUROPE ACCESS CAPITAL PARTNERS PERFORMANCE EQUITY MANAGEMENT With 26 years experience in Private Equity, Dominique John Clark is a Managing Director and Board member of Performance Chaired by: Michael Hoffman, Managing Partner co-founded Access Capital Partners in January 1999. He Equity Management. He is responsible for recommending and monitoring is involved in direct and indirect investments at PALAMON CAPITAL PARTNERS new private equity partnership investments. He is also responsible for Michael Hoffman co-founded Palamon Capital Partners in 1999 and is a managerial levels. Dominique is also Former Member of evaluating and managing direct private equity and mezzanine debt oppor- the Executive Committee of EVCA and past Chairman of Managing Partner. Before founding Palamon, he was with Warburg Pincus tunities. Performance Equity Management was formed in June 2005 as a for eleven years, having established the firm’s London office. Prior to join- the Investor Relations Committee and former Chairman of Funds of Funds joint venture between General Motors Investment Management Committee of AFIC (French Venture Capital Association). ing Warburg Pincus, Mr Hoffman had a fifteen-year career as a manage- Corporation (“GMIMCo”) and the Private Markets Team of GMIMCo. ment consultant. Andrea Bonomi, Chairman James Pitt INVESTINDUSTRIAL 15.00 - 15.45 Andrea established Investindustrial in 1990. Previously Managing Director he was responsible for the monitoring of Saffa (diversi- LEXINGTON PARTNERS MID MARKET PANEL fied industrial holding company) group investments in James Pitt is head of European private equity co-investments. He joined Europe and the USA, which included acquisitions, divest- Lexington in 2006 from AXA Private Equity where he was a Managing What Are The Challenges And Future For The Mid ments and fund raising. He has been a non-executive Director and head of the firm’s London office. At AXA he was responsible director of a number of companies including Inversiones for a range of private equity activities within the firm’s $10 billion private Market In An Era Of Mega Buy-Outs And Funds? Ibersuizas, a Madrid-based private equity group. equity programme. Moderator: Philip Buscombe, CEO Bjørn Høi Jensen Richard Green LYCEUM CAPITAL PARTNERS Senior Partner Managing Partner Philip has twenty-three years' experience of private equity and related EQT PARTNERS M&A, corporate development and turnarounds in Europe and the US. He In this role he leads the EQT Partners Equity AUGUST EQUITY co-founded Lyceum Capital in 1999, chairs the Investment Committee Management Group together with the country heads of Richard joined the team in 1988 and has been joint Managing Partner of and has been involved in numerous transactions for the firm including each office. Prior to joining EQT in 1995, he worked for the business since 2000. He is also a member of the Board of the Southern Cross, Clinovia, Coperion amongst others. Philip was formerly a 10 years in investment banking and private equity in London Business School Private Equity Institute and a former chairman of member of the Management Committee of Investcorp and prior to that London and Copenhagen, with amongst others Citibank, the British Venture Capital Association. involved in private equity and M&A at Lehman Brothers. SDS and Enskilda Securities. John Daghlian Rhonda Ryan Billy Gilmore Vice President, Private Equity Funds Group Co-Managing Partner Investment Director, Private Equity AIG INVESTMENTS SCOTTISH WIDOWS INVESTMENT O'MELVENY & MYERS LLP Rhonda joined AIG Investments in 2006. In addition to John Daghlian leads the fund formation team. Since joining John has heading the London private equity team, she is responsible for evaluating PARTNERSHIP advised general partners establishing both private and publicly traded and meeting with private equity fund managers, making investment Billy is responsible for SWIP’s private equity activities. In funds (including the Apollo publicly traded fund, AP Alternative Assets recommendations and monitoring the performance of the private equity 2001 SWIP re-established a private equity programme L.P., a ground breaking fund) for investment in various sectors and coun- fund portfolio. Formerly she was Head of Private Equity at Insight on behalf of the Scottish Widows life fund which tries including Germany, China, Africa, Latin America, the renewable ener- Investment. involves investing in a diversified portfolio of private gy sector, leveraged buy-outs, media, technology and real estate. He has equity funds. SWIP has also a mandate from the Lloyds TSB pension also advised investors investing over $3 billion in private equity funds, funds to invest up to 2.5% of total scheme assets in private equity funds. and advised on numerous secondary deals. Javier Loizaga, CEO and Managing Partner Billy sits on the advisory committees of various private equity funds and MERCAPITAL is a director of the Private Equity Investors Association. Javier is currently the CEO and Managing Partner of one of the oldest Spanish Private Equity managers, which he joined 15 years ago. Derek Murphy, Head of Private Equity 15.45-16.25 Mercapital was established in 1985 and is based in Madrid focusing on mid market buyouts in Iberia. Javier sits on the Advisory Board of Altamar, PSP INVESTMENTS How Do Secondaries Players See The the first Spanish Fund of Funds, with Eur 600 million under management. Derek joined PSP Investments in March 2004. From He is also a member of the Spanish International Council of INSEAD. 1998 to 2004, he was President and Chief Executive Development Of Their Business? Officer, as well as founder, of Barnridge Inc., a private Moderator: investment company. Prior to Barnridge, he worked in Thomas Frei, Managing Director, LOMBARD ODIER the investment banking sector from 1986 to 1997 for Brian Wright, Partner Thomas Frei co-founded the private equity business of Lombard Odier with such companies as J.P. Morgan and Swiss Bank POMONA CAPITAL Darier Hentsch in 1999. Jointly with his three partners he has been Corporation Warburg. building the team’s investment track record, with particular responsibility Brian has been responsible for Pomona’s European activities since 1998. for investments in Italy, France and UK. In parallel and until 2005, he also He was formerly a Director at the Hambro Private Equity Group, having acted as CFO for the Private Equity business. Thomas is one of four begun his career in private equity at Schroder Ventures. Founded in 1994, members of the Investment Committee of LODH Private Equity AG. Pomona Capital is a global private equity investment firm focused on the 12.20 purchase of primary and secondary interests in top performing venture capital and buyout funds and currently manages over $3.4 billion. Rolf Dienst, Founder, WELLINGTON PARTNERS GUEST SPEAKER Chairman, BVK Rob Kendal, Director Rolf was appointed the new Chairman of the BVK- German Private Equity How To Give Your Organization A New Brain and Venture Capital Association e.V. (BVK) in April this year, taking over from Thomas Pütter, Chief Executive, Allianz. Prior to forming Wellington  How the forces of Abundance, Asia, and Automation are VISION CAPITAL Rob Kendall joined Vision Capital in 2001 and is a Director. Rob spent 6 Partners he was founding partner of the Munich-based Matuschka Group altering the competitive logic of organizations and putting a years with Schroders and Schroder Salomon Smith Barney where he and co-founder of TVM Munich in 1984. premium on abilities that have often been overlooked and gained extensive experience in corporate finance and M&A across a wide undervalued range of sectors. Rob Conn, Managing Partner, INNOVA CAPITAL  How smart companies are using the arts - design, Robb is a co-founder. He focuses on developing investment opportunities storytelling, and play - to pull ahead of the competition HERMES PRIVATE EQUITY tbc in media and commercial manufacturing throughout Central Europe and on cross-border transactions with Western Europe. From 1990-93, Mr  The six essential right-brain aptitudes that now mark the fault Conn was a manager at CAL where he led several major privatizations and line between success and failure Mathieu Dréan, Managing Partner a number of restructuring projects for Polish enterprises. Dan Pink, Author TRIAGO A WHOLE NEW MIND For biography see above 15.45 – 16.25 Daniel Pink is a best-selling author and an expert on innovation, competition, and the changing world of work. Examining Differentiation In The Mid-Market – His latest book, A Whole New Mind, charts the rise of Oliver Gardey, Partner right-brain thinking in modern economies and explains ADAMS STREET PARTNERS How Is This Evolving And What Do Investors Need the six abilities individuals and organizations must Oliver is involved in all aspects of the Firm's partnership investment master in an outsourced and automated world. activities, including sourcing, analyzing, investing in and monitoring both To Know? Reviewers have described the book as “an audacious primary and secondary private equity partnership investments. Moderator: and powerful work,” “a profound read,” “right on the money,” and “a miracle.” Several publications named it Michael Hoffman, Managing Partner one of the best business books of the year. A Whole New Mind has sold more than 100,000 copies in the U.S. – and has been translated into 12 16.25 Afternoon Tea PALAMON CAPITAL PARTNERS languages. His articles on work, business, and technology appear in For biography see above many newspapers and magazines—including and Harvard Business Review. As an independent business consultant, he 17.15 has advised start-up ventures and Fortune 100 companies on Julian Knott, Partner, COGNETAS recruiting, innovation, and work practices. Julian joined the business which is now Cognetas in 1987, initially as an Examining The Legal Practicalities Of Secondary investment professional. He was also involved in establishing and running Transactions And Developments Such As Co- investment activities in USA and the Far East. He now runs investor relations and co-ordinates the Operating Partners programme. Previously 13.15 Investment Arrangements he was at Citibank where he was a Vice President in the leveraged buy Lunch plus Q&A Session with Dan Pink out department. Prior to this, Julian spent eight years with ANZ Bank in Nigel van Zyl, Partner London and Japan. Mostly in corporate banking, he also ran a trade Sponsored by SJ BERWIN LLP finance subsidiary before eventually selling it. Julian has a bachelor’s Nigel is a Partner in the Corporate Department. He specialises in advising degree in Civil Engineering from London University and an MBA from 15.00 fund managers in relation to the structuring of private equity investment Cranfield Business School. Your choice of streamed sessions funds, infrastructure funds, secondary transactions, carried interest arrangements and co-investment plans, and a broad range of transactions Richard Sachar, Managing Director relating to the restructuring of investment funds, structuring of special STREAM A purpose vehicles for investment into private equity and the structuring of ALMEIDA CAPITAL fund managers. He also acts for a number of investors investing in invest- Almeida Capital is a private equity advisory firm that provides placement, CO-INVESTMENT AND SECONDARIES ment funds. advisory and secondary transaction services. Richard leads Almeida’s client engagements and has advised a range of private equity firms, from Chaired by: blue-chip global firms to emerging managers, on fundraising, marketing Nathalie Duguay, Partner Mathieu Dréan, Managing Partner, TRIAGO and competitive strategy. Richard has also advised numerous Limited SJ BERWIN LLP Partners on investment strategy, portfolio restructurings and secondary Mathieu Dréan has been in charge of the operations of Triago-X, Triago's transactions. dedicated secondary transaction specialists, since its creation. Today, Nathalie Duguay specialises in pan-European private equity investment Triago-X has established itself as the agent of reference for institutional funds and related transactions. She assists clients in the creation of and private investors from around the world considering selling private private equity investment funds in France (FCPRs) and in other Christophe Hemmerle, equity fund interests. Mathieu joined the Triago group in 1998 and played jurisdictions and in setting up regulated portfolio management companies a leading role in numerous fund raising exercises globally before moving and carried-interest schemes for management teams. Managing Director and Founding Partner to secondary transactions. FINATEM Finatem is based in Frankfurt and has extensive local and international 17.40 industrial experience. Since 2000, Finatem has invested alongside Natixis 15.00 - 15.45 Private Equity, in majority buy-outs in Germany, Austria and to a lesser Should Investors Be Concerned Regarding The extent in Switzerland. Finatem focuses on investments of EUR 10-25 million in mid-sized companies (EUR 25 – 125 million enterprise value) CO-INVESTMENT Volume Of Secondary And Tertiary Activity operating in traditional industries. Successful Co-Investment For LPs And The Amongst GPs? Current Market Dynamic – How To Establish  The changing factors driving secondary and tertiary buy-outs John Hartz, Managing Partner, INFLEXION Prior to co-founding Inflexion, John was at Apax Partners where he was a Yourself As The First Port Of Call For by GPs founder member of the buyout group, working alongside Jon Moulton.  The potential impact for LPs and on return outlooks During this period John helped to lead the group’s first public to private Co-Investment Opportunities and the first high-yield recapitalisation of a private equity investment in  What could be the reaction of LPs and possible impact on Moderator: Europe. future fundraising? David Smith  The fee leakage issue Gordon Hargraves, Partner Managing Director Wouter Moerel, Principal RHO FUND INVESTORS CAPITAL DYNAMICS Gordon is responsonsible for managing Rho Fund Investors (RFI) which ALPINVEST commits to venture capital and other specialised private equity funds David Smith co-heads the Capital Dynamics Co-Investment team. He has Wouter joined AlpInvest Partners in 2005 from The Carlyle Group where 20 years’ international investment experience. David joined GE’s whose strategies afford unique advantages, such as domain expertise, he was a Principal responsible for investments in the telecom and media operational expertise or focus on a particularly attractive sector. Since European private equity businesses in 1996 where he became a sector. Wouter manages AlpInvest Partners Secondary Investments team 1981, RFI has committed in excess of $1.9billion to more than 125 Managing Director. Afterwards David served as an adviser to AXA Private in Europe and is responsible for identifying, sourcing, and executing sec- private equity funds. Equity. ondary transactions in Europe.

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DAY 1&2 MAIN CONFERENCE DAY ONE & TWO 14TH & 15TH NOVEMBER 2007

16.25 - 17.15 Afternoon Tea 17.15 - 17.55 19.30 How Do You Position Yourself As “Investor Of 17.15 - 17.40 Choice”? The SuperInvestor Big Buy-Outs And Exits- How Long Can Moderator: Recapitalisations Continue As The Driver Of Kelly Deponte, Partner, PROBITAS PARTNERS Wine-Tasting Casino Kelly is Head of Research and Due Diligence for Probitas Partners, an Taste, smell, play and win! We’ve put together one of the most Returns And Where Will Big Buy Out Firms Go For alternative investment placement and advisory firm. Prior to joining fun, interactive, challenging and enjoyable socials ever at Their Final Exits? Probitas, Kelly was Chief Operating Officer and Managing Director at SuperInvestor! Pacific Corporate Group (PCG), a leading provider of alternative invest- Much the same as French roulette, you will bank on 36 of the Lauge Sletting, Head of Private Equity ment advisory, management and consulting services to institutional and high net worth clients worldwide. greatest wines in the world and quiz questions will enable you to NORDEA learn so much more about fine French wine than you ever thought Lauge Sletting is Head of Private Equity at Nordea which is part of Nordea possible! You will develop an olfactory sense and an ability to Investment Management, the Nordic region’s largest financial services Jim Orlando, Vice President observe from colour and length the region and flavour of each group with total assets of 380billion Euros. OMERS CAPITAL PARTNERS fine wine. Great prizes are on offer and there will even be an Jim joined OMERS Capital Partners in March of 2007. His responsibilities auction for those wishing to buy.. include sourcing, evaluating, structuring and managing new private equity 17.40 – 18.30 It’s learning, playing, competing and networking at its absolute fund and direct investments. Jim has worked in venture capital and pri- best! vate equity for 10 years, both with the venture capital arm of Bell Canada No Longer An Emerging Market - Seizing and Battery Ventures in Silicon Valley. Opportunities In A New Europe Moderator: Jan Faber, Managing Director, Head of Europe MAIN CONFERENCE DAY 2 Moose Guen, Founder & CEO BREGAL INVESTMENTS 15th November 2007 Jan is responsible for the fund and co-investments in Europe for Bregal I. MVISION PRIVATE EQUITY ADVISERS He joined Bregal in 2004 from Henderson Private Capital, the private 08.10 MVision Private Equity Advisers is a leading independent specialised cor- equity division of Henderson Global Investors, where he was the head of porate finance business providing value-added services to General the global private equity fund of funds business. Prior to joining Morning Coffee Partners for fundraising, investor relations and other related activities, on Henderson, he was a private equity specialist for the International a global basis. Moose has worked in Private Equity for in excess of 15 Finance Corporation (IFC) in Washington D.C. 08.40 years and has worked on over 100 General Partnerships. Christy Richardson, Director of Private Equity Morning Chairman Thiery Baudon, Managing Director WILLIAM AND FLORA HEWLETT FOUNDATION Jonny Maxwell, formerly MID EUROPA PARTNERS Christy is Director of Private Equity of the William and Flora Hewlett STANDARD LIFE Thierry is a founding Partner of Mid Europa Partners and oversees the Foundation ($9 billion in assets). Prior to joining the Foundation in 2005, Jonny Maxwell is a private equity industry veteran. With investment strategy and portfolio management policy of the firm. Prior to Christy was a Partner in the private equity group at Thomas Weisel more than 23 years in the business buying both direct Partners, co-managing the private equity fund-of-funds and secondary founding Mid Europa Partners, he was CEO of EMP Europe for six years. deals and funds he has considerable experience. Jonny investing practices from 2000 to 2005. For the preceding five years, she created the successful private equity fund of fund Previously, he headed the International Finance Division of the SUEZ handled global private equity fund selection at Mercury Capital business at his previous employer Standard Life and is Group and held senior positions with the EBRD and the World Bank/IFC Management, a family investment office for a Silicon Valley entrepreneur. currently a gentleman of leisure investigating new Group. opportunities. Natalie Braun, Partner, SVB CAPITAL Christian Mruck, Partner Natalie Braun has over nine years of private equity experience and is responsible for identifying and evaluating investments in private equity 08.50 ADVENT INTERNATIONAL funds. Prior to joining SVB Capital in 2004, Braun was vice president of Chris Mruck joined Advent in 1997. Prior to Advent, Chris worked for over the fund of funds group of TD Capital in Toronto, Canada, responsible for Beyond Passive Providers of Capital - To What 10 years in corporate and project finance. His experience included posi- an $800 million portfolio of TD Bank's private equity funds investment Extent Are LPs Taking A More Active Role in tions with the European Bank for Reconstruction & Development, where program, as well as a $350 million diversified private equity fund of funds he headed and developed its Czech office, and with Deutsche Bank in the managed on behalf of primarily institutional investors. Private Equity Investments? U.K. and Singapore. Andrew Claerhout, Director Janet Brooks, Director, ECI PARTNERS TEACHERS PRIVATE CAPITAL Robert Manz, Partner Janet is a director of ECI and is responsible for investor relations and Andrew joined Teachers’ in 2005 and has been involved in a number of marketing. She is a member of the BVCA's Investor Relations Committee transactions including Kabel Deutschland and the creation of Actera ENTERPRISE INVESTORS and was a member of the EVCA's Investor Relations Committee from Partners, Turkey's largest indigenous buy-out fund. Andrew sits on the Since 1990, Enterprise Investors (EI) has raised five funds with total 1999 to 2004. advisory boards of a number of leading private equity funds. Previously, capital under management of more than $1.1 billion and invested over Andrew worked at EdgeStone Capital Partners, Pacific Equity Partners and $950 million in 100 companies in the Central and Eastern European Bain & Company. Andrew received an HBA from the Richard Ivey School of (CEE) region. Robert joined EI as one of its first investment professionals 17.55 - 18.45 Business at the University of Western Ontario. in 1990. Exploring New Thinking And Alternative 09.15 OUT OF THE Mihalis Matianos, Partner Approaches To Private Equity Investing In What Should Investors Emerging Markets BOX LP SESSION GLOBAL FINANCE Be Worrying About, And Mihalis joined Global Finance in July 2002. Prior to joining Global Finance, Moderator: Mihalis worked in healthcare investment banking at JPMorgan in New York Where Should Their Resources Be Focussed? where he was a Vice President. Prior to joining JPMorgan in 1998, he John Campbell, Senior Partner, CAMPBELL LUTYENS worked at CSC Healthcare - APM Management Consultants. John co-founded Campbell Lutyens, the independent London-based private Moderator: equity advisory firm, in 1988. John has been involved in corporate finance and private equity since joining N M Rothschild in 1969. Christopher Hunter, Managing Director Witold Radwanski CAMBRIDGE ASSOCIATES Partner and Chief Executive Ernest Lambers, Head of Emerging Markets Chris joined the firm in 2000. He advises a range of non- profit organizations and private clients in Europe, the US, KROKUS PE ALPINVEST and Middle East on issues related to private equity pro- Krokus is based in Warsaw and has 8 professionals. Active for more than For biography see page 4 gram planning, development, monitoring, and manager 11 years in private equity, the partners have invested more than EUR selection. In addition to his client work, he undertakes 100m in 40 firms. Krokus PE is sponsored by Natixis Private Equity. Prior due diligence research on venture capital, buyout, and to the formation of Krokus, Witold was Chief Executive of Polonia Peter Gale, Managing Director hard asset funds both in the US and in Europe. Financial Services and has been involved in most transactions since that GARTMORE PRIVATE EQUITY company's inception in 1995. Peter joined NatWest Investment Management in 1983. Upon the pur- Duke DeGrassi, Managing Director Europe chase of Gartmore in 1996 he became a Principal of the enlarged fund HAMILTON LANE management company and Head of the Tactical Asset Allocation and Duke is a Managing Director who oversees Hamilton Portfolio Strategy Group. In 2003 Peter became Managing Director of Lane’s European operations from the London office. He Stream C Gartmore Private Equity. Peter has retained investment advisory posi- also plays a significant role in the due diligence and new tions with RBS, Nationwide and several large UK Pension Funds. product development activities. Duke serves on several CREDIT MARKETS, INVESTOR ISSUES & advisory boards on behalf of Hamilton Lane and its Christopher Ruder, Senior Vice President clients, including Charterhouse Capital Partners, Electra EMERGING MARKETS European Fund, CVC Capital Partners and Bridgepoint PORTFOLIO ADVISORS Capital. Prior to joining Hamilton Lane, Duke was a Chaired by Christopher T. Ruder is a Senior Vice President of Portfolio Advisors and Founding Partner of Stone Pine Capital LLC. leads the firm's Asian private equity advisory and investing activities. Alan Briefel, Founder and Principal Chris has been with Portfolio Advisors since 2005. Previously, he was a Director at Deutsche Bank, where he was responsible for the structuring Maarten Vervoort, Partner Fund Investments Europe STRATCOM of its third-party private equity investment products, including the securiti- ALPINVEST For biography see page 5 StratCom provides specialist, research-based, consultancy which adds zation of its private equity fund portfolio and the launch of regional private value to management thinking and action in critical areas affecting the equity funds focused on investment activities in the Middle East. Ronan Cunningham market positioning of their organisations. Head of Private Equity 18.30 IRISH NATIONAL PENSION RESERVE 15.00 – 16.00 FUND Ronan is the Head of Private Equity at the Irish National Debt Markets And Buy-Outs – Champagne Roundtables Pension Reserve Fund. He was formerly a Partner with Understanding The Potential For And GLOBAL Adams Street Partners, a Chicago based private equity IT 1. Latest Developments In Private Equity, Regulatory, fund-of-funds manager. Previously he worked at HSBC Extent Of A Credit Market Downturn CRED Governance And Taxation – John Daghlian & Investment Bank. URU Edward I Altman G Matthew Hudson, O’MELVENY & MYERS LLP Anselm Adams, Chair, ADAMS CAPITAL PARTNERS Max L Heine Professor of Finance 2. VC – Shamsa Rana, IMDAD Anselm Adams has more than 16 years of experience in investment bank- 3. C&EE – Thierry Baudon, MID EUROPA PARTNERS ing and private equity. Prior to founding multi-, Adams Capital STERN SCHOOL OF BUSINESS, Partners, he had worked in Goldman Sachs, Merrill Lynch and Schroders. NEW YORK UNIVERSITY 4. Title to be confirmed – Oliver Gardey, ADAMS STREET Professor Edward I Altman is one of the world’s most 5. Latest Trends in UK and Continental Fund Terms and Pierre Fortier respected academics on the key subject of credit. Since Conditions – Josyane Gold, SJ BERWIN LLP 1990, he has directed the research effort in Fixed 6. Transparency and Regulation in European Private Equity – Vice President Funds, Private Equity Income and Credit Markets at the NYU Salomon Center CAISSE DE DÉPÔT ET PLACEMENT DE and is currently its Vice-Director. He has an international Rolf Dienst, WELLINGTON PARTNERS & BVK reputation as an expert on corporate bankruptcy, high yield bonds, dis- 7. China – York Chen, ID TECHVENTURES QUÉBEC tressed debt and credit risk analysis. He was named Laureate 1984 by 8. Secondaries - Marleen Groen, GREENPARK CAPITAL Pierre rejoined Caisse de Dépôt et Placement du Québec in 2002 as Vice-President, Funds in the private equity the Hautes Etudes Commerciales Foundation in Paris and awarded the 9. Mid Market – Rod Richards, GRAPHITE Graham & Dodd Scroll for 1985 by the Financial Analysts Federation and group. He was previously Managing Director with CCFL 10. The Benefits of Private Equity – Rod Selkirk, HERMES Advisory Services Inc. (1999-2002). Before that he was was named "Profesor Honorario" by the University of Buenos Aires in Senior Vice-President with KPMG Corporate Finance Inc. 1996. He is currently an advisor to several foreign central banks. 11. Future Trends – Jon Moulton, ALCHEMY (1997-1999). From 1884 to 1997 he was Vice-President Investments with Professor Altman is also the Chairman of the Academic Council of the 12. Quoted Private Equity – Alan McKay, 3I Caisse de Dépôt et Placement du Québec. With a career spanning close Turnaround Management Association. He was inducted into the Fixed 13. The Benefits Of Private Equity – Michael Wright, to 28 years, he has accumulated a vast experience in financing, mergers Income Analysts Society Hall of Fame in 2001 and elected President of and acquisitions, financial restructuring and turnaround work in both the Financial Management Association (in 2002). Besides numerous pub- UNIVERSITY OF NOTTINGHAM domestic and foreign corporate settings across several industries. lications on finance, bankruptcy and credit risk, he is frequently called 14. How To Take Advantage Of The Overcapitalised And upon to testify before government and regulatory organisations. Overheated Market – Sasha van de Water, David Novak, Partner, KEYHAVEN CAPITAL PARTNERS CLAYTON, DUBILIER & RICE 16.00 - 16.25 15. Mid-Market vs Mega Buy-Outs - Rhonda Ryan, AIG INVESTMENTS David is based in London and has been with CD&R for 16. The Benefits Of Private Equity – Vince O’Brien, MONTAGU 10 years. He is the lead financial partner responsible Successful Management Of GP/LP Relationships for HD Supply, Rexel Group and Italtel Group, as he was 17. Fund Size : How Big Can Funds Get? – Guy Fraser Sampson for Jafra Cosmetics International until its sale to Through Different Market Cycles 18. Emerging Markets – Jonathon Bond, ACTIS Vorwerk & Co. in 2004. He co-led negotiations in the firm's public-to-private acquisition of Brakes Group and 19. The Secrets of Successful Co-Investment – Brian Wright, played a key role in the acquisitions of North American PROSKAUER ROSE LLP POMONA Van Lines and Allied Van Lines, the foundation of the 20. GP/LP Issues - Alan Briefel, STRATCOM company now known as SIRVA. He is a director of Italtel and Rexel. Previously, he worked in the private-equity and investment-banking divi- 16.25 Afternoon Tea 21. Debt Markets & Buy-Outs, Q&A - Ed Altman, sions of Morgan Stanley and for the Central European Development NEW YORK UNIVERSITY Corporation, a private-equity investment firm.

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DAY 2 MAIN CONFERENCE DAY TWO 15TH NOVEMBER 2007

10.00 13.15 - Lunch Sponsored by Stream B VC & INFRASTRUCTURE Fundraising LP Preferences In 2007 And Outlook including a Ladies-Only Networking Lunch For 2008 – Results From Brand New Research Chaired by George Pinkham, Partner Stream A  LP appetite and recent trends in global private equity fund SJ BERWIN LLP investing Private Equity Investing & Quiz For biography see page 5  Lessons learnt from 2007 and how to raise capital if you are Chaired by Guy Fraser-Sampson 14.45 – 15.05 not a mega fund For biography see page 2  Regional preferences and the diversification of portfolios Succession Planning Issues For Investors –  The appetite for venture and the mid-market 14.45 – 15.05 Ensuring A Brand Is Sustained And Developed  Lessons from fundraising and the outlook for 2008 Richard Sachar, Managing Director Q&A PROSKAUER ROSE LLP ALMEIDA CAPITAL Mike Harris, Chair of Innovation, RBS, Founder 15.05 – 15.25 For bio see page 6 FIRST DIRECT & EGG, Executive Chairman, GARLIK Speaker and title to be announced, please see 10.40 Coffee www.icbi-superinvestor.com 15.05 – 15.25 11.15 On-shore Fund Solutions In Luxembourg And The 15.25 - 16.05 Are Ever Bigger Deals Something The Industry Netherlands Infrastructure And Private Equity – Defining The Can Live With? To What Extent Will Mega-Deals  Newly introduced specialized fund regimes in Luxembourg Category And How Funds Are Necessitate Eventual Regulatory Involvement? and the Netherlands: a comparison Delivering Performance INFRASTRUCTURE Guy Hands, CEO, TERRA FIRMA  How flexibility, taxation and regulation can go hand in hand Robert van Schaik, Fund Manager Private Equity Guy began his career at Goldman Sachs International. Marc Meyers and Roderik Beckers He became Head of Goldman's Global Asset Structuring MN SERVICES Group where he was responsible for the origination and Partners MN Services is an independent organisation, administering pensions and structuring of securitisation deals. Guy left GS in 1994 insurance, supporting pension fund managers and managing institutional LOYENS & LOEFF assets. With 650 employees, MN currently administers the pensions of to found the Principal Finance Group at Nomura Marc Meyers, Partner at Loyens Winandy, advises funds and promoters International. In 2001, Guy founded Terra Firma Capital more than a million people in the Netherlands, and MN Services manages on the setting up of Luxembourg investment vehicles for private equity assets of €33 billion (June 2006) for an increasing number of clients. Partners to advise on the businesses he had bought for and venture capital investments. Marc also has broad experience in Nomura and to set up a new private equity fund, Terra assisting multinational companies and private equity funds in cross-border Firma Capital Partners II. Guy was elected a Global M&A transactions, restructurings and buyout transactions. Arthur Rakowski, Executive Director, MACQUARIE Leader of Tomorrow of the World Economic Forum in 2000 in recognition of his achievements. Arthur Rakowski is Executive Director, Investment Banking Funds at Roderik J.J. Beckers (1972), senior tax lawyer at Loyens & Loeff, has a Macquarie Bank Limited. He led the team responsible for the develop- broad experience in European cross-border corporate tax planning, in par- ment of the recently closed €4.6 billion Macquarie European ticular involving the Benelux countries and France. He is member of the 11.50 firm’s private equity team and advises on the formation of European pri- Infrastructure Fund II (of which he is the CEO) and was also instrumental vate equity and private property funds, as well as the investments made in raising €1.5 billion for the first Macquarie European Infrastructure Dispelling The Myth That Buy-Out Firms Are Just by these funds. Fund, which closed in 2004. Asset Strippers – Examining Evidence For The Mark Weisdorf, CIO Benefits Of Private Equity 15.25 – 16.05 JP MORGAN ASSET MANAGEMENT Moderator: How Can Investors Achieve a Broader Exposure to INFRASTRUCTURE INVESTMENTS Javier Loizaga, CEO & Managing Partner, MERCAPITAL Mark Weisdorf is a managing director and CIO of JPMorgan Asset Private Equity? Management’s Infrastructure Investments group. He brings 25 years of For biography see page 6  While minimising manager and risk? investment experience, including more than 10 years in real estate and infrastructure, to the group. From 2000 to 2003, he was Vice President Thomas Pütter, Chief Executive  While minimising monitoring and administrative burdens? of Private Market Investments at the Canada Pension Plan Investment Moderator: Board (CPPIB). While at CPPIB, Mark was a member of the Board of ALLIANZ CAPITAL PARTNERS Directors of the parent company for Borealis Infrastructure, the entity Thomas has been Chief Executive, Allianz Capital Peter McKellar, CEO Private Equity which identifies, invests in and manages infrastructure assets on behalf Partners GmbH, Munich, since 1998, and is responsible STANDARD LIFE LP PANEL of the Ontario Municipal Employees Retirement System (OMERS). for the Direct Private Equity activities of Allianz Group. He is also Managing Director, Allianz Alternative Assets For biography see page 5 Holding GmbH, Munich, the Allianz Group’s Holding 16.05 – 16.35 Afternoon Tea Company for its alternative asset investment activities. Vicky Wilson, Head of Private Equity Prior to joining Allianz, he was Executive Director, Session Chaired by Matthew Hudson Goldman Sachs International, responsible for the German-speaking BA PENSIONS region’s Private Equity Business and Investment Banking Services in Vicky Wilson is the private equity portfolio manager for the British Airways Head of European Private Equity London, and Chief Financial Officer of the Matuschka Group. Thomas pension funds. She joined the company in 2005, having previously man- O’MELVENY & MYERS LLP recently served as Chairman of the BVK. aged the £500 million private equity portfolio for the Shell UK pension fund. She also worked for a number of years at Altius Associates, the pri- Matthew advises private equity houses on fund formation, carried interest vate equity advisor. At British Airways, Vicky has oversight for a portfolio structures, LBOs, MBOs and venture capital. In addition, he represents Michael Wright of approximately 50 funds and her responsibilities include sourcing new management teams, as well as portfolio companies, throughout their Professor of Financial Studies funds globally, portfolio management, fund monitoring and Advisory Board financing, exit and M&A activity. Matthew has also spent 6 years within the membership. private equity industry, undertaking LBOs for a fund established by a global UNIVERSITY OF NOTTINGHAM investment bank, venture capital at an early stage investment group, and Mike Wright is a highly respected authority on the bene- secondary fund and asset acquisitions at a large secondaries house. fits of private equity. He is Professor of Financial Studies Anders Strömblad and Director of the Center for Management Buy-out Head of Alternatives Research (CMBOR) which he founded in 1986 at 16.35 – 16.55 Nottingham University Business School (NUBS). He is a SECOND SWEDISH NATIONAL PENSION FUND AP2 visiting professor at INSEAD, Erasmus University and the University of Anders Strömblad has been in charge of the asset class alternative What Can European VC Investors Learn from Siena. He has published 50 authored/edited books and 250 academic investments at the Second Swedish National Pension Fund since 2001. papers on buy-outs, private equity and related topics, and was ranked #1 The asset class also includes investments in real estate. Anders has Successful US VCs? worldwide for publications in academic entrepreneurship 1981-2005. designed the investment strategy and business plan and is responsible for its implementation. The private equity program has made commit- Anne Glover, Chief Executive Charles Sherwood, Partner, PERMIRA ments of up to approx $US1,4 billion. Anders is the first non US / AMADEUS CAPITAL PARTNERS Charles has been a Partner of Permira since 1985 and Canada board member of ILPA. Amadeus, the European technology investor, has over £400 million of is a member of the firm’s Operating Committee. He has funds under management and has backed over 60 companies covering worked on numerous transactions, particularly in the Marie-Claude Gleize computer hardware and software, mobile and fixed communications consumer sector such as the AA, Birthdays, Dinasol, Director Real Estate and Private Equity technologies and medical technologies. Previously Anne worked for Apax Gala Coral, Homebase, Provimi, the Tetley Group and Partners & Co, investing in early stage companies. Anne was Chairman Vendex (Maxeda). Charles has been closely involved in CAISSE DES DÉPÔTS ET CONSIGNATIONS of the British Venture Capital Association (BVCA) in 2004-2005. the raising of Permira’s three Pan-European funds and Marie-Claude Gleize is responsible for the management of CDC’s own most recently in that of Permira IV, the largest private portfolio of unlisted investments (€9 Billion), private equity funds (€300 equity fund raised by a European firm. Million) and real-estate investments (€9 Billion) since 2000. This 16.55 – 17.35 portfolio is made up of 77% of French assets and 23% of European Vince O’Brian, Director assets outside France. Is Venture Back In Favour? MONTAGU PRIVATE EQUITY Matthew Hudson, Head of European Private Equity Vince is responsible for all aspects of its investor rela- John Schumacher, CEO tions and fundraising activities. He also sits on Montagu’s O’MELVENY & MYERS LLP Investment Committee. Vince has just completed a year NEW YORK LIFE CAPITAL PARTNERS For biography see above as Chairman of the British Venture Capital Association John Schumacher is CEO of New York Life Capital Partners, L.P. and was involved in representing the industry across a (“NYLCP”), a $1.2 billion private equity co-investment program sponsored by New York Life which he co-founded in 1999. In addition, he manages a Shamsa Rana, Director, IMDAD CAPITAL broad range of issues affecting the BVCA’s members and Shamsa has extensive deal and transaction exposure in the UK, Europe the UK entrepreneurial environment in general. private equity portfolio valued at approximately $2 billion for New York Life. John has specialized in private placement investment management and US gained during her time with KPMG Transaction Services/Private and corporate finance for over 23 years. He joined New York Life in 1991, Equity, Egg Plc, Deloitte Financial Advisory, Associated New Ventures and Rod Selkirk, Chief Executive and has been particularly instrumental in developing the strategy for and Ariadne Capital. Her passion is new-media/converging media, where she increasing the assets allocated to the private equity asset class. has an extensive network base and understanding of trends/ HERMES PRIVATE EQUITY developments placing her in the ideal place to identify investment and Rod Selkirk joined Hermes Private Equity in April 2002. acquisition targets. She launched Imdad Capital Ltd. in May 2006 which Prior to that he had been a Managing Director for is an investor in and an advisor of converging media focused businesses. Bridgepoint Capital. Rod headed up the UK Regional offices and latterly had responsibility for fund-raising. Prior 16.05 Afternoon Tea to Bridgepoint he was with 3i for 9 years. Susanne Forsingdal, Partner, ATP PEP ATP PEP is one of the largest investors in the private equity market in Europe with an annual investment programme of around 500-600 million 16.35 Euros, the exact amount varying with the availability of quality funds in 12.30 the market. ATP Private Equity Partners (ATP PEP) is a Danish investment Quick-Fire Showcase advisor and fund of funds manager, sponsored by ATP (the Danish Labour Market Supplementary Pension Scheme) and SP (the Danish Special GUEST SPEAKER: Your chance to present your fund to the SuperInvestor audience Pension Savings Scheme). – 3 minutes to inform, entertain and persuade! Details will be Something Out Of Nothing: How Simple Ideas Can Marie-France Mathes, Founder sent prior to the conference Turn Into Valuable Businesses CAM NEWMARKETS PARTNERS Reflecting on his experiences of creating financial services For biography see page 4 pioneers First Direct and Egg and the semantic web pioneer 16.55 - 17.35 Garlik, Mike Harris outlines his principles for coming up with Bjorn Tremmerie, Principal innovative ideas and getting them implemented in a way which The SuperInvestor Quiz EUROPEAN INVESTMENT FUND generates economic value. Hosted by The European Investment Fund's venture capital instruments consist of equity investments in venture capital funds that support SMEs, Mike Harris, Chair of Innovation, Jon Moulton, ALCHEMY PARTNERS particularly those that are in their early stages of development and those RBS, Founder, FIRST DIRECT & EGG that are technology-oriented. To support its remit, the EIF has significant means available for investment, with a current portfolio of in excess of Executive Chairman, GARLIK With heavyweight panellists: EUR 2.55 billion invested in 191 venture capital funds and an objective to As founder of internet bank Egg, Mike Harris built a formerly of invest substantially more in the region over the next years. financial services organisation which continues to experi- Jonny Maxwell, STANDARD LIFE ence strong growth. He was previously founding CEO at Carol Kennedy, PANTHEON First Direct, credited with engendering very high levels of The Graham O’Keeffe, Managing Partner customer loyalty. Mike is now Executive Chairman of a Vince O’Brien, MONTAGU SuperInvestor ATLAS VENTURE start-up aiming to build a global consumer business Graham O'Keeffe joined Atlas Venture in 1998 and focuses on invest- based on next generation internet technology, known as the Semantic Rod Selkirk, HERMES Quiz ments in communications technology companies, particularly in the Web. He also advises one of the world’s leading banks on the opportuni- Rhonda Ryan, AIG INVESTMENTS wireless and semiconductor sectors. Prior to joining Atlas Venture in 1998 ties enabled by the new wave of technology-driven change, and lectures Graham was Marketing Director at handheld computer specialist Psion on MIT’s Global Leadership & Innovation programme. Mike is a board Rod Richards, GRAPHITE Computers. He previously held engineering and operational roles at Nokia member of The Club of Budapest, a think tank focusing on the impact of Mobile Phones. globalisation on society and business.

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DAY 2&3 MAIN CONFERENCE DAY TWO & THREE 15TH & 16TH NOVEMBER 2007

Stream C Charles van Horne Main Conference Day 3 LP ISSUES Managing Director 16th November 2007 Chaired by ABBOTT CAPITAL PARTNERS Charlie is responsible for Abbott’s business development and client Matt Wood, Manager, Business Development services activities. He has over 20 years involvement with private equity MOURANT in the U.S. and overseas. Prior to joining Abbott in 2001, he was a Managing Director of AIG Capital Partners, Inc. (a subsidiary of American Matt qualified as a Chartered Accountant with PricewaterhouseCoopers in International Group, Inc.), responsible for AIG Capital Partners’ fund FROM MACRO TO MICRO – Guernsey, specialising in investment funds and banking. He joined development and client services and serving on the investment Mourant in 2004 to head up the private equity accounting team in committees for several of its direct investment funds and funds of funds. THE ESSENTIAL ISSUES IN Guernsey having spent time as a contract accountant on various private Prior to joining AIG, Charlie was Managing Director of Creditanstalt equity clients. Matt now runs the Business Development team in London. International Advisors, where he established and managed its private PRIVATE EQUITY Before his financial career Matt was an officer in the British Army. equity investment activities. 08.55 14.45 – 15.25 Stephan Breban Managing Director Chairman Does Fund Size Consistency Matter To LPs: Are CITY CAPITAL Ray Maxwell, Founder The Rules For Assessing Today's Mega Funds Stephan is a leading European consultant in private equity, and has developed a thorough process for evaluating general partners and fund of PRIV-ITY Different From Mid-Market? funds. He has worked as investment consultant for close to 20 years and Ray has been involved in investment management for Charles Cecil, Managing Partner pioneered Watson Wyatt's research into private equity and hedge funds. over thirty years and has specialised in all forms of private equity for twenty years. He is the Founder of HELIX Paul Denning, Chairman Lord Charles Cecil co-founded Helix, now a Jefferies Company, in 1993. priv-ity Limited, a company that provides strategic advice He is Helix’s Managing Partner and is also responsible for relationships DENNING AND CO to private equity groups and to corporations. He is the in France, Italy, Spain and Switzerland. He has raised funds from a wide For biography see page 4 Chairman of Magnolia Investment Management, a pri- variety of investors in the UK, France, Switzerland, Spain, Liechtenstein, vate equity group that invests in energy and media situations in China, he the US and Latin America. is Chairman of Azimuth Asset Management Limited, an alternative asset management group, he is a Venture Partner of INVESCO Private Capital Rod Richards, Managing Partner 17.35 - 18.15 (IPC); a New York based private equity manager and is an advisor to a UK GRAPHITE CAPITAL quoted technology company advising on strategy. He is also the Chairman Rod is Managing Partner of Graphite Capital. He joined Graphite in 1986 Where Will Private Equity Be In Five of 4D Asset Management Limited (an alternative asset management busi- and has been Managing Partner for the last ten years, leading the ness), Chairman of Core Capital VCT IV & V, an advisor to British Management Buy-Out of Graphite from the Foreign & Colonial Group in Years’ Time And Where Will The Technology Group and a Venture Partner of INVESCO Private Capital. 2001. Value Come From? OUTLOOK Moderator: Hugh Langmuir, Partner PANEL 9.00 CINVEN Jeremy Coller, CEO Hugh joined Cinven in 1991. Recent transactions he has been involved in COLLER CAPITAL Analysing Private Equity’s Impact On The World include Frans Bonhomme, Amadeus, Aprovia and MediMedia. He is a Jeremy Coller founded this business in 1990. Prior to member of the business and financial services sector team and heads up this, Jeremy spent five years at Imperial Chemical Economy And The Public Markets – Insights from France. Before joining Cinven, Hugh worked at Bain & Company and Industries (ICI) Investment Management, where he pio- New Research Plus Questions Citigroup in London and Paris. neered the acquisition of private equity secondaries. He NEW began his career as a public equities investment analyst Josh Lerner at Fidelity International Investment Management in RESEARCH Charles Helmore, Investment Director London. Jeremy holds a BSc (Honours) in Management Sciences from the Jacob H Schiff Professor of PANTHEON VENTURES University of Manchester, UMIST; an MA in Philosophy from Sussex Investment Banking Charles is a Barrister and has MBA from Insead. His financial background University; and a Diplôme Cours de Civilisation from the Sorbonne. He is in quoted markets. He has worked at Pantheon for eight years where attended Carmel College. Jeremy was recently named one of the ten most HARVARD BUSINESS SCHOOL he has been a member of the European Primary team and responsible for influential people in private equity by Financial News. Josh is the Jacob H. Schiff Professor of Investment the UK. He currently concentrates on secondary market transactions Banking at Harvard Business School, with a joint where Pantheon has a global presence. Chris Masterson appointment in the Finance and Entrepreneurial CEO Management Units. He graduated from Yale College with Mark Boyle a special Divisional Major that combined physics with MONTAGU PRIVATE EQUITY the history of technology. He worked for several years on issues concern- NORTHWESTERN MUTUAL LIFE INSURANCE Chris became Managing Director in 2000 and in 2003 At the end of 2004 the private equity portfolio of Northwestern Mutual ing technological innovation and public policy, at the Brookings Institution, led the Montagu Private Equity buyout from HSBC where for a public-private task force in Chicago, and on Capitol Hill. He then accounted for 21.1% of total equity investments. Investments consist of he is now CEO. He joined HSBC Private Equity in 1999. buy-outs, private equity and venture capital limited partnerships, direct oil Prior to that, he was Executive Director of Castleforth obtained a Ph.D. from Harvard’s Economics Department. Much of his and gas investments and direct equity investments. Northwestern Mutual Fund Managers Limited playing a major role in the cre- research focuses on the structure and role of venture capital organisa- commits about $300million annually to buyout and venture funds, typical- ation of a portfolio of medium sized investments and the formation of a tions. This research is collected in two books, The Venture Capital Cycle ly in the amount of $10million to $50million per partnership. In addition successful BES Fund and advisory business. and The Money Of Invention. Northwestern invests around $500 million annually in direct equity and mezzanine deals. Ion Bogdaneris Managing Director, 15.25 – 16.05 09.50 Alternative Investments Europe Evaluating The Different Structures And Means By AIG INVESTMENTS Private Equity And The World Economy - What’s In Which Investors Can Implement A Target Ion Bogdaneris joined AIG Global Investment Group in 2006 and is head of AIGGIG's European Alternative Store For 2008, Can The Boom Last? Exposure to Private Equity Investments business. He joined AIGGIG from the Moderator: Blackstone Group where he was a Senior Advisor based T’S IN Francesco di Valmarana in London. Prior to Blackstone, he was the Chief Executive Officer of the Marleen Groen WHA Investment Director The Kistefos Group,a privately controlled Scandinavian multi-asset invest- STORE ? ment group. His previous experience includes the establishment of GE CEO UNIGESTION Capital Europe's operations in Europe. GREENPARK CAPITAL Francesco di Valmarana is an Investment Director responsible for Marleen is the principal founder and CEO of Greenpark Unigestion's Private Equity secondary investing activities. Prior to joining in July 2005 he was a Partner and co-founder of DN Capital, a London- Duke DeGrassi Capital Limited, a global private equity secondaries based venture capital firm investing in European technology companies. Managing Director Europe investment adviser based in London. Marleen has spent Prior to that he was with Advent International as a member of the nearly 11 years in the secondaries industry, prior to European investment team, specialising in the Media and Retail sectors. HAMILTON LANE which she spent a decade in senior corporate finance positions at leading For biography see page 7 European banks. Uwe Fleischhauer Managing Partner Thomas Kubr FLEISCHHAUER, HOYER & PARTNER CEO Uwe Fleischhauer is Managing Partner of the private equity advisory and CAPITAL DYNAMICS consulting firm Fleischhauer, Hoyer & Partner - FHP Private Equity John S Clark Thomas Kubr is a Managing Director and the Chief Consultants – based in Munich. Since its founding in 1996, FHP has been Executive of Capital Dynamics, a position he has been processing exclusively advisory and consulting projects around the asset Managing Director class private equity. Moreover, FHP is one of Germany’s most respected holding since 1999. Previously, he was the head of pri- PERFORMANCE EQUITY MANAGEMENT vate equity at Partners Group. Thomas was a consultant independent research bodies and publishes on a regular basis market John S Clark is a Managing Director and Board member of Performance surveys and studies on current topics in private equity. Equity Management. He is responsible for recommending and monitoring with McKinsey & Company from 1995 to 1997. He new private equity partnership investments. John is also responsible for began his career as an aerospace engineer at the Space Plus speakers to be confirmed evaluating and managing direct private equity and mezzanine debt oppor- Division of Oerlikon Contraves. Thomas holds an MBA from IMD, a BSE Please see www.icbi-superinvestor.com tunities. Performance Equity Management was formed in June 2005 as a (Aerospace) from the University of Michigan and an MSc as well as an joint venture between General Motors Investment Management Aeronautical Engineer Degree from the California Institute of Technology. 16.05 - 16.35 Corporation (“GMIMCo”) and the Private Markets Team of GMIMCo. Afternoon Tea Paul Fletcher Hans Albrecht Managing Director 16.35 – 16.55 Senior Partner ACTIS NORWIND CAPITAL How To Gain Access To Top Tier Funds Whose Paul is responsible for Actis’s business activities Prior to founding Nordwind Capital, a private equity worldwide and plays an active role in the investment company which targets mid cap restructurings Historical Outperformance Is Likely To Persist business. Paul joined CDC Capital Partners in 2000 he investments in German speaking Europe, Hans was Michael Russell became CEO in 2003. Paul has played a lead role in the co-head of Carlyle Europe Partners, the European buyout creation of Actis’s track record. The investment in UTI fund of The Carlyle Group. Before co-founding Carlyle Partner & Head of Europe Bank in India and continued commitment to Actis and Africa’s most successful investment Celtel are some of Paul’s signature deals. Europe, Partners in 1997, Hans was managing partner of IMM Munich, ALTIUS one of the leading German private equity companies at that time. Altius Associates was established in March 1998 to provide tailored private equity advisory services to institutional investors. The investment team comprises eleven professionals with more than 95 years of combined Rod Selkirk private equity experience. As well as discretionary and non-discretionary 18.25 - 19.10 account management, Altius also advises on secondary transactions and Chief Executive undertakes bespoke private equity research and consulting projects. Electronic Polling Session HERMES PRIVATE EQUITY Using polling devices the audience will take part in an interactive For biography see page 8 16.55 - 17.35 session – a way to gauge industry thinking, compare yourself to your peers and assess changes across the private equity and Where Is the Smart Money Going? GP Selection venture capital industry. Eddie Misrahi And Performance Analysis – On What Basis Are Led by Chairman LPs Making Decisions? Jon Moulton ELECTRONIC FRENCH PRIVATE EQUITY Moderator: Managing Partner POLLING ASSOCIATION Sasha van de Water Managing Partner, APAX PARTNERS ALCHEMY PARTNERS Eddie Misrahi began his career at McKinsey & Co. where Managing Director For biography see page 5 he spent five years in Paris and Mexico as a specialist in KEYHAVEN CAPITAL PARTNERS Information Technology. In 1984, he joined MjA-COM in Sasha is a co-founder of Keyhaven Capital Partners Limited. She has 13 Boston, a defence electronics and telecommunications years’ experience in European private equity fund selection, most recently firm, where he was successively International Sales Manager, Business at AXA Investment Managers where she was Managing Director Center Manager and Vice President Sales & Service for its responsible for developing the European private equity fund of funds Communications division. He joined Apax Partners as a Partner in 1991 programme. At AXA she led the European marketing and investing efforts 19.30 of the London-based business. She also set up, managed and developed and has been involved in early stage, growth financing and buy-out the London based business including hiring and managing a six person Coaches Leave for Gala Themed Reception transactions in the telecoms, IT and media industries. He is President of team. Prior to AXA, Sasha was a Director with South Street Advisors, an Venue to be announced the French Venture Capital Association (AFIC). affiliate of BT Alex. Brown.

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DAY 3 MAIN CONFERENCE DAY THREE 16th November 2007

Josh Lerner 12.20 15.15 - 16.10 Jacob H Schiff Professor of Investment Banking HARVARD BUSINESS SCHOOL GUEST SPEAKER: STRATEGY AND For biography please see previously What Makes A Successful Venture Backed PRACTIC ROUNDTABLES Company? This session involves discussion and interaction to facilitate 10.35 Doug Richard understanding and greater insight into the subject. Panellists will discuss the subject, followed by an open discussion in a unique Morning Coffee Chairman roundtable form. LIBRARY HOUSE Doug Richard grabbed viewers’ attention on the first two Fund Evaluating In A More Complex Environment – 11.05 series of Dragons' Den with his straightforward, no-non- If It’s Not All About The Upper Quartile, What’s It sense style. Doug’s own expertise lies in discovering Exploring Contrarian Strategies To Buy-Outs – and measuring innovation companies as they progress All About? What Are Investors’ Options Given That The Boom through the life cycle, from initial investment to pur- Marc der Kinderern, Managing Partner chase, partnering or public offering. He has over 20 years' experience May Be Ending? 747 CAPITAL developing and leading technology ventures, both in the US and the UK. Marc co-founded 747 Capital, a boutique firm focussed on selecting small Moderator: At one point in his career, he sold a small dynamic enterprise called cap US buy out and growth funds and co-manages the day to day opera- Kathleen Bacon Visual Software in return for shares in the parent company. He was then tions. He oversees the investment professionals and is actively involved forced to watch as it went into a downturn. Doug decided to launch a in the fund selection process. Marc is a director of CapCorp Investments Managing Director reverse takeover, and took charge of the entire organisation with opera- and under his guidance, CapCorp has invested in more than 20 technolo- tions in 22 countries. He turned it around, fired the management board, gy, health-care and venture funds over the last decade. Since he first HARBOURVEST restructured internal communications, made sure everyone was working became involved in CapCorp, it has generated an IRR in excess of 20% Kathleen Bacon joined the Firm’s London subsidiary in towards the same goal and managed to ensure the company survived on its fund investments. 1994 focusing primarily on European and other non-U.S. even when the IT bubble burst. In 2006 he received the Queen's Award primary partnership investments. She has also been for Enterprise for his work promoting, developing and helping entrepre- Lauge Sletting, Head of Private Equity involved with direct and secondary partnership investments. Currently, neurs. He is the first American to receive the honour. Doug is unusually Kathleen focuses on European buyout partnerships. She serves on the well placed to see opportunities from three different perspectives: as an NORDEA advisory boards of a number of private equity partnerships, including entrepreneur, a CEO and as an investor. Lauge Sletting is Head of Private Equity at Nordea which is part of funds managed by Amadeus Capital Partners, Butler Capital, Chequers Nordea Investment Management, the Nordic region’s largest financial Partenaires, ECI Partners, EQT Managers, Exponent Private Equity, services group with total assets of 380billion Euros. Investitori Associati, QC Private Equity (Quadriga), and Wellington 13.10 Partners. Christopher Hunter, Managing Director Lunch - plus Off The Record Q&A with Doug Richard CAMBRIDGE ASSOCIATES Chris joined the firm in 2000. He advises a range of non-profit organiza- Hamish Mair tions and private clients in Europe, the US, and Middle East on issues Head Private Equity Funds Team 14.30 – 15.15 related to private equity program planning, development, monitoring, and manager selection. In addition to his client work, he undertakes due dili- F&C Chairman gence research on venture capital, buyout, and hard asset funds both in Hamish joined F&C in June 2005 when the private the US and in Europe. equity business of Martin Currie was acquired by F&C Ray Maxwell along with the management contract for Martin Currie Founder & CEO Michael Russell, Partner & Head of Europe Capital Return Trust. As head of the team he is respon- sible for the investment performance of the trust and PRIV-ITY ALTIUS Altius Associates was established in March 1998 to provide tailored the business development of F&C’s private equity funds business. private equity advisory services to institutional investors. The investment Hamish was with Martin Currie for 15 years, the last 9 as a director. In 14.30 – 15.15 team comprises eleven professionals with more than 95 years of combined addition to private equity Hamish has managed investment trusts and private equity experience. As well as discretionary and non-discretionary other funds in the smaller companies sector and began his time at Martin Asset Management Firms Or Private Equity account management, Altius also advises on secondary transactions and Currie in the Far East team. Investors – What Is The Future Structure Of undertakes bespoke private equity research and consulting projects. Paolo Simonato Private Equity? Wladimir Mollof, Chairman Jos van Gisbergen ALTIUM Vice President Private Equity After 15 years with Dupont de Nemours, Wladimir joined Barings in 1984 GE ASSET MANAGEMENT Director Alternative Investments to start their European Venture Capital activities and contributed to six Based in Paris, France, Paolo is responsible for MN SERVICES fund raisings and realised more than 40 investments. In 1990, Wladimir managing GE Asset Management’s European fund-of- Jos was groups controller for The Citco Group where he left Barings to set up Argos Soditic, in J.V. with Soditic in Geneva raising funds and direct investments portfolio in private equity. was closely associated with the expansion of their a US$120 million private equity and LBO fund for Europe. A strong M&A activity was also developed, in cooperation with SG Warburg. He joined He also participated in the establishment of and banking activities, the European and Asian expansion of Apax Partners & Cie Finance as Partner in September 1996. Wladimir has supports origination for the GEAM International Private the company, hedge fund administration services as well degrees in Sciences from University of Paris. Wladimir is fluent in Equity Fund, a global private equity co-investment fund closed in 2005. as direct participations/ take-overs. After 3 years he Bulgarian, English, French, Italian and German. GE Asset Management is the investment manager for the General Electric moved over to become co-manager of a Brussels based family-office. Pension Trust as well as other institutional clients. Before joining GEAM in From 1993 onwards Jos was at Intercapital (which became part of 2000, Paolo was an M&A manager at GE Energy where, amongst other Alpinvest in 1998). He has been in his current role since September activities, he developed a program to spin-off and sell several small and 2000. non-core divisions as independent businesses. 16.10 One For The Road Drinks Rainer Ender Hans Albrecht Managing Director Managing Director ADVEQ CAPITAL 16.30 NORWIND CAPITAL Adveq is a leading independent fund of funds Close Of Conference For biography see page 9 investment manager in Europe at which Rainer Ender is Managing Director. Rainer came to Adveq in 2001 after working as an underwriter for alternative risk transfer at Walter Butler Zurich Reinsurance Company. Previously, he was a President manager in the Financial Risk Management practice at Arthur Andersen. Rainer holds a MSc in physics and a PhD in Natural Sciences from the "SuperInvestor provides a fantastic opportunity BUTLER CAPITAL PARTNERS Swiss Federal Institute of Technology (ETH) and he is a CFA charter to network with so many leading investors and Walter Butler is the managing partner of Butler Capital holder. Partners, a leading European independent private equity compare best practices" firm, based in Paris, having more than Eur 500mm Martin Day, Vice President under management. Butler Capital Partners invests in Pierre Fortier special situations such as turnarounds or workouts. In OMERS CAPITAL PARTNERS the special situations area, the firm has a long standing expertise in Vice President Funds, Private Equity successfully turning around European companies. Prior to founding Butler CAISSE DE DÉPOT ET PLACEMENT DE Capital Partners in 1991, Walter Butler was Executive Director in the Investment Banking Division of Goldman Sachs. From 1986 to 1998, he QUÉBEC "It was a pleasure to participate ... was in charge of privatization in the media sector, within the French For biography please see page 7 I was very impressed with the quality of the Government.Walter Butler sits on the Board of several European companies and is the Chairman of the Buyout Committee of the European attendees you attracted" Venture Capital Association (EVCA) Jonathan Colby, Managing Director Colin Taylor THE CARLYLE GROUP Ian Cash Managing Director and Partner Managing Director, Special Opportunities CREDIT SUISSE ALTERNATIVE "SuperInvestor is one conference that I really single Fund INVESTMENTS Colin joined DLJMB in 2000 upon the merger of Credit out each year – great content and a wonderful ALCHEMY Suisse and DLJ, having initially joined Credit Suisse’s Ian is Managing Director for the Alchemy Special networking opportunity." Opportunities Fund. He co-founded the Global Special Investment Banking Division in London in 1990 and pri- Guy Fraser Sampson, Managing Partner vate equity group in London in 1999. Prior to joining Credit Suisse, he Situations group at Mizuho International in 2002 (leaving MOWBRAY CAPITAL to run Alchemy Special Opportunities LLP in May 2006). Between 1998- worked for IBM as a systems engineer, marketing representative and 2002, he was a proprietary trader at Salomon Smith Barney (latterly financial controller. He received a Bachelor of Commerce Degree with hon- Citigroup) focusing on distressed debt, leveraged debt instruments and ors from Queen’s University in Canada in 1984 and an M.B.A. from the other special situations. He was previously in distressed loan research at Harvard Business School in 1990. He is a director of Glacier GP (the top Citibank International in London. "An unmissable opportunity to meet the industry holding company of Grohe AG), neuf telecom, and Safilo S.p.A. In addi- leaders" tion, Colin serves as member of the supervisory boards of Grohe AG and 11.50 Grohe Beteiligungs GmbH. He was previously a director of Gala Group Peter Mckellar, CEO, Private Equity Limited and of several other private companies. STANDARD LIFE INVESTMENTS Analysing Changing Issues In The Operation and Staffing of Private Equity Firms Ion Bogdaneris, Managing Director, "I believe the SuperInvestor and SuperReturn Alternative Investments Europe conferences really are the best in Europe" AIG INVESTMENTS To Promote Yourself Gordon Hargraves, Partner, RHO FUND INVESTORS Ion Bogdaneris joined AIG Global Investment Group in 2006 and is head of AIGGIG's European Alternative To This Fantastic Audience Investments business. He joined AIGGIG from the Blackstone Group where he was a Senior Advisor based Contact [email protected] "Networking rarely gets better than this!" in London. Prior to Blackstone, he was the Chief Executive Officer of the The Kistefos Group,a privately controlled Scandinavian multi-asset invest- Jonny Maxwell, Formerly Chief Executive, Private Equity, ment group. His previous experience includes the establishment of GE +44 (0) 20 7017 7219 STANDARD LIFE INVESTMENTS (PRIVATE EQUITY) Capital Europe's operations in Europe.

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SPONSORS

Principal Sponsors:

Offering unparalleled Natixis Private Equity has nearly 600 depth and breadth of investments supported by 18 service expertise to a dedicated and specialised teams. diverse range of clients, It is the leading Private Equity partner Deloitte UK is a leading for SME’s with €3,102 million in business advisory , a highly-reputed European player, and is gaining organisation and a member of Deloitte Touche Tohmatsu, an association of firms visibility in the high-growth markets of northern Asia, India and South America. with 150,000 employees operating in nearly 140 countries. Our dedicated Private Equity Fund Placement service is directed by three guiding Natixis Private Equity's business model relies on forming the best investment principles:- teams who share a common vision. The Private Equity by NPE label covers its 18 1. Understanding the needs of investors globally autonomous teams operating in: 2. Dedication to the goals of a small number of clients • Venture => spotting potential 3. Best in class research and due diligence • Expansion => supporting growth • Buy-out/buy-in => ensuring long-term future Since inception, we have raised over €4 billion for mandates including Montagu III, Iberzuizas II and Arcadia II. Eleven members of the team sit in the Deloitte UK For more information, visit : www.natixis-pe.com or contact London Headquarters and are supported by teams in Hong Kong and New York. Laetitia Beillard - +33 1 58 19 23 62 - [email protected] Contact: James Coleman - +44 207 007 8637 - [email protected]

Because we believe it’s important to be involved in the Lyceum Principal European Law Firm issues that affect our clients and their industry, our Capital team of private equity lawyers serve on advisory boards invests in Sponsor to private equity trade associations and panels, leading SJ Berwin is at the contribute to publications and provide counsel to mid-sized UK business and consumer service companies core of the European regulatory authorities on issues affecting the industry. that operate in attractive and fragmented markets. private equity www.proskauer.com. industry. We have Lyceum provides the operational support and capital to one of the largest help management pursue accelerated growth. dedicated Co-Sponsor: private equity teams in Europe offering the full range of Lyceum Capital has £475 million under management € private equity services. Our leading position in the ( 700mn) with investments in healthcare, education, buy-out, public to private and venture capital market is O'Melveny & Myers business outsourcing, industrial, IT and environmental complemented by our market leadership in private equity LLP is a global law services. fund establishment, which encompasses primary funds, firm staffed by over funds of funds, secondary funds and portfolio 1000 lawyers in 13 Lyceum capital has acquired 40 companies around 9 acquisitions. offices. The firm has holding companies since 2000. a presence in 3 The fundamental objective of SJ Berwin LLP is to provide continents, embracing key locations including London, outstanding legal advice in a dynamic environment. We New York, LA, Silicon Valley, Shanghai and Beijing. The take pride in our ability to devise innovative and O'Melveny private equity practice is one of the cornerstone groups within the firm composed of over To guarantee invaluable networking, commercially viable solutions to complex problems, and SuperInvestor brings you the we are proud to have helped our clients to achieve their 250 M&A, finance, capital markets and fund formation SpotMe Conference Navigator business goals through original, practical thinking. lawyers dedicated to serving its private equity clients and international venture capital houses. Your device will enable you to send Recent accolades include messages to other attendees, arrange meetings, exchange • Law Firm of the Year 2004, 2005 and 2006 The London office has a full service private equity funds, deals and portfolio companies practice supported by business cards, search the (EVCA/Real Deals Private Equity Awards) delegate list at your leisure, read leading tax, finance, real estate and IP lawyers that can • Fund Formation Team of the Year 2006 (Private Equity the agenda, plan your time, receive News Awards for Excellence in Private Equity Advisory effectively execute all transactions. information updates, vote on day 2's electronic polling session, Services) track down speakers, find old friends, follow up from a quick-fire • Law Firm of the Year 2004 - 2006 (European Venture Recognition of the London office's achievements showcase presentation and even set it to beep when networking Capital Journal Private Equity Awards) (including advising on over £30 billion of deals in 2006) targets are within radius. What more could you ask?! • Best Law Firm Fund Formation 2002 - 2006 (Private has been highlighted by O'Melveny & Myers being EquityOnline and Private Equity International) short-listed for numerous awards including Real Deals Sponsored by • UK Firm of the Year 2005 (Legal Week Awards) BVCA Private Equity Awards 2007 where O'Melveny was nominated for 'Legal Advisor of the Year' and Financial T +44 (0)20 7111 2222 www.sjberwin.com. News' Private Equity News Awards for Excellence in SJ Berwin LLP or an affiliated undertaking has an office Advisory Services 2006 where O'Melveny was in Berlin, Frankfurt, London, Madrid, Milan, Munich, nominated in two categories, 'Private Equity & M&A Paris and Turin. Team of the Year' and 'Fund Formation Team of the Year'

Almeida Capital is a leading private Principal US Law Firm equity advisory firm that Sponsor: provides placement, advisory and secondary transaction services to the global private equity industry. We act as placement agents for leading private equity and venture firms, helping them to raise capital for funds from institutional investors and family To Promote Yourself Proskauer’s Private Investment Funds Group consistently offices. We advise private equity firms, institutional ranks as one of the top tier private equity law practices. investors and service providers on all aspects of strategy, fundraising and investments. We also advise To This Fantastic With attorneys who have established themselves as buyers and sellers on the purchase and sale of leaders in the private equity sector practicing in strategic secondary interests in private equity and venture capital office locations, we actively represent sponsors and funds and underlying portfolios. Audience Contact institutional investors worldwide in a broad range of activities, from fund formation, internal governance and [email protected] succession planning, investment transactions, acquisition or sale of interests on the secondary market, "As a point of communication between LPs liquidity events, distributions, tax planning, regulatory and GPs Superinvestor is second to none!" +44 (0) 207 017 7219 compliance, portfolio company dispositions through mergers and acquisitions or initial public offerings, Guy Hands, CEO management buyouts and leveraged recapitalizations, to TERRA FIRMA CAPITAL PARTNERS compensation and estate planning for partners.

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includingattendees in 2006 "SuperInvestor has proven itself year in and year out 650+ Register Now – Five Easy Ways! to be the most valuable forum for European 1. Fax this form on +44 20 7017 7807 2. Post this form to: SuperInvestor 07 Conferenceinstitutional Administrator, investors to meet and discuss topics of Private Equity, Venture Capital & ICBI, 8th Floor, 29 Bressenden Place London SW1E 5DR, UK 3. Telephone us on +44 20importance. 7017 7200 Of all the investor conferences around, 130+ 4. Email: [email protected] 5. Via the website: www.icbi-superinvestor.com Superinvestor is by far the best one to attend!" Always quote your VIP CODE when registering. Sasha van de Water, Managing Director, KEYHAVEN CAPITAL

Institutional Investment Summit Please do not cover VIP code LPs Building And Maintaining Robust CONFERENCE CODE: KN2153 And Loyal LP/GP Relationships The 7th Annual DATES VENUE DETAILS Join The Most Incisive & Authoritative Chairmen: • Summit Day & Workshop The Westin Paris 13 November 2007 3 Rue De Castiglione • Day 1 Main Conference Paris 75001 14 November 2007 France Tel: +33 1 44771111 • Day 2 Main Conference Fax: +33 1 44771460 15 November 2007 • Day 3 Main Conference Website: www.westinhotelparis.com Ray Maxwell Jonny Maxwell Jon Moulton 16 November 2007 Founder and CEO formerly Managing Partner Download hotel booking form at

PRIV-ITY STANDARD LIFE ALCHEMY PARTNERS Hear From 70 LPs Including: INVESTMENTS v www.icbi-superinvestor.com www.icbi-superinvestor.com • Caisse de Dépot et Placement de Québec • Nordea • Adams Street • Teachers Private Capital • New York Life Capital Partners • Alpinvest • Hear From Outstanding Performance Equity Management • 747 Capital • William & Flora Hewlett 1st Delegate: 2nd Delegate: Foundation • Cambridge Associates • Capital Dynamics • Irish National Pension Name Name Guest Speakers: Reserve Fund • Scottish Widows Investment Partnership • JP Morgan Asset Job title Department Job title Department Management • Altius • F&C • AIG Investments • Hamilton Lane • Keyhaven Direct Tel Mobile Tel Direct Tel Mobile Tel Capital Partners • Bregal Investments • Portfolio Advisors • Gartmore Private Email Address Direct Fax Email Address Direct Fax Equity • Harbourvest • Caisses des Dépots et Consignations • ATP PEP • Abbott I would like to receive information on future events & services via email. By giving you my email address I am giving ONLY I would like to receive information on future events & services via email. By giving you my email Capital Partners • PSP Investments • BA Pensions • Northwestern Mutual Life IIR companies the permission to contact me by email. Insurance • Allianz Alternative Assets Holding • Access Capital Partners • Second address I am giving ONLY IIR companies the permission to contact me by email. ❏ Yes! ! I would like to receive info on future events & services via fax Swedish National Pension Fund AP2 • Altium Capital Gestion • European Investment ❏ Yes! ! I would like to receive info on future events & services via fax Fund • Adveq Capital • OMERS Capital Partners • Standard Life • MN Services • Signature Adams Capital Partners • Unigestion • SVB Capital • GE Asset Management • Hermes Signature Dan Pink Mike Harris Private Equity • Jade Advisors • CAM Newmarkets International Finance Hd of Dept: Name Author Chair of Innovation, Corporation • Partners Group • Siguler Guff • CDC • Pantheon • Rho Fund Investors Job title Department 3rd Delegate: A WHOLE RBS,Founder Direct Tel Mobile Tel Name NEW MIND FIRST DIRECT Email Address Direct Fax & EGG Job title Department Booking Contact: Name Executive Chairman Direct Tel Mobile Tel Join 170 Private Equity Leaders: Job title Department GARLIK Email Address Direct Fax • Guy Hands,CEO, TERRA FIRMA • Chris Masterson,CEO, MONTAGU PRIVATE EQUITY Direct Tel Mobile Tel PLUS • Charles Sherwood,Partner, PERMIRA • Johannes Huth,Managing Director,KKR Email Address Direct Fax I would like to receive information on future events & services via email. By giving you my email CAPITAL• Julian PARTNERSKnott,Partner, COGNETAS • Javier Loizaga,CEO & Managing Partner,MERCAPITAL address I am giving ONLY IIR companies the permission to contact me by email. • Jim Orlando,Vice President,OMERS Person who will attend if I have to cancel: • R Michael Barth,Senior Managing Director, Global Investment, Yes! ! I would like to receive info on future events & services via fax Name ❏ • Marc St John,Senior Managing Director, DARBY OVERSEAS INVESTMENTS CVC • Ronan Cunningham,Head of Private Equity Job title Department Signature • Nikos Stathopoulos,Partner, BC PARTNERS IRISH NATIONAL PENSION RESERVE FUND Direct Tel Mobile Tel Doug Richard INTERNATIONAL • Bruce Barclay,Director, ADVENT • John Hourican,Head of Leveraged Finance Email Address Direct Fax Chairman ROYAL BANK OF SCOTLAND LIBRARY HOUSE • Peter McKellar,CEO Private Equity, • Andrew Joy,Partner, CINVEN YOUR COMPANY DETAILS Josh Lerner STANDARD LIFE • Michael Russell,Partner & Head of Europe,ALTIUS Jacob H Schiff • Rolf Dienst, Company Name: Nature of Company’s business: Professor of MENTSChairman,BVKFounder, • Anders Strömblad,Head of Alternatives, Address: WELLINGTON PARTNERS, SECOND SWEDISH NATIONAL PENSION FUND AP2

Investment Banking • Jan Faber,Managing Director,BREGAL INVEST- Postcode • Pierre Fortier,Vice v President Funds, Private Equity, HARVARD Europe, BUSINESS • Christoph Rubeli,Head of Asia,PARTNERS GROUP CAISSE DE DÉPOT ET PLACEMENT DE QUÉBEC LANE• Ion Bogdaneris,Managing Director Head of Alternatives SCHOOL • William Gilmore,Investment Director, Private Equity, Register Early & AIG INVESTMENTS Bookings received by 3 August 2007 Bookings received before Bookings received before Bookings received after SCOTTISH WIDOWS INVESTMENT PARTNERSHIP Save Up To £600 31 August 2007 12 October 2007 12 October 2007 CAPITAL• Duke PARTNERS DeGrassi,Managing Director Europe,HAMILTON • Christopher Hunter,Managing Director,CAMBRIDGE ASSOCIATES Date Please select your choice Price VAT Total SAVE Price VAT Total SAVE Price VAT Total SAVE Price VAT Total SAVE • Sasha van de Water,Managing Director,KEYHAVEN • Andrew Claerhout,Managing Director of registration package TEACHERS PRIVATE CAPITAL ❏ 4 DAY PACKAGE: Edward I Altman 13-16 Nov 07 £2998.00 £587.61 £3585.61 £600 £3198.00 £626.81 £3824.81 £500 £3398.00 £666.01 £4064.01 £400 £3498.00 £685.61 £1483.61 £200 • Alan MacKay,Managing Director,3I QUOTED PRIVATE EQUITY • John Clark,Managing Director Summit+Conference £600 £400 £200 £100 Max L. Heine • Kathleen Bacon,Managing Director,HARBOURVEST PERFORMANCE EQUITY MANAGEMENT Professor • Susanne Forsingdal,Partner, ATP PEP ❏ 4 DAY PACKAGE: • Hans Albrecht,Managing Director,NORWIND CAPITAL 13-16 Nov 07 £2998.00 £587.61 £3585.61 £300 £3198.00 £626.81 £2824.81 £200 £3298.00 £646.41 £3944.41 £100 £3398.00 £666.01 £4064.01 £100 of Finance • Anne Glover,Chief Executive,AMADEUS CAPITAL PARTNERS Workshop+Conference £500 £300 £200 • John Schumacher,CEO, NYL CAPITAL PARTNERS STERN SCHOOL • Maarten Vervoort, ❏ 3 DAY OPTION: • Ernest Lambers,Head of Emerging Markets,ALPINVEST 14-16 Nov 07 £2199.00 £431.00 £2630.00 £100 £2299.00 £450.60 £2749.60 £100 £2399.00 £470.20 £2869.20 £100 £2499.00 £489.80 £2988.80 OF BUSINESS, • Vicky Wilson,Head of PartnerPrivate Equity,Fund BAInvestments PENSIONS Europe, Conference Only £300 £200 £100 NEW YORK • Thomas Pütter,Chief Executive,ALLIANZ CAPITAL PARTNERS, • Dominique Peninon,Managing Partner & Co-Founder Managing Director,ALLIANZ ALTERNATIVE ASSETS HOLDING ACCESS CAPITAL PARTNERS ❏ 1 DAY OPTION: UNIVERSITY ALPINVEST 13 Nov 07 £999.00 £195.80 £1194.80 £999.00 £195.80 £1194.80 £1099.00 £215.40 £1314.40 £1099.00 £215.40 £1314.40 • Arthur Rakowski,CEO, MACQUARIE EUROPEAN INFRASTRUCTURE FUND • Carol Kennedy,Senior Partner,PANTHEON Emerging Markets Summit £100 £100 ❏ 1 DAY OPTION: Workshop 13 Nov 07 £999.00 £195.80 £1194.80 £999.00 £195.80 £1194.80 £999.00 £195.80 £1194.80 £999.00 £195.80 £1194.80 Workshop Don’t miss the new PRIVATE EQUITY AS All discounts are subject to approval. Discounts cannot be combined. The discounts apply to * Savings include Mutiple Booking and Early Booking discounts EMERGING MARKETS the price at the date of registration. Discounts can only be claimed at the time of registration. * Please note the conference fee does not include travel or hotel accommodation costs PLUS AN ASSET CLASS PLUS PAYMENT DETAILS SAVE UP TO Understanding The Complexities Of Please use this form as our request for payment. Fax and phone bookings should be made with a credit card number, or followed up by a posted registration form. Places are only guaranteed by full payment, which must be received before the conference. Please debit my Mastercard Visa Eurocard American Express Investor Decision-Making One entire day coveringSUMMIT the key global emerging markets £600 I will pay by: led by Guy Fraser-Sampson Card Number 13th November 2007  □□□□□□□□□□□□□□□□ BOOK BY 3 August 07 13th November 2007 Cheque/bankers draft made payable to ICBI for £......  Invoice to be sent to my company Expiry Date / with the sum of £  Bank transfer - full details of bank transfer options will be given with your invoice on registration.  Emerging Markets Summit -13th November 2007 Principal Sponsors: Principal European Principal US Law Co-Sponsors:  Investor Workshop - 13th November 2007 Signature  Main Conference 14th -16th November 2007 Law Firm Sponsor: Firm Sponsor:

Westin Hotel, Paris Tel: +44 207 017 7200 CANCELLATION POLICY PERSONAL DATA Fax: +44 207 017 7807 CANCELLATION POLICY: Should you be unable to attend, a substitute delegate is always welcome Personalat no extra data charge. is gathered in accordance with the Data Protection Act 1998. Your details may be passed to other companies [email protected] (in countries within or outside the EEA) who wish to communicate with you offers related to your business activities. If you www.icbi-superinvestor.com Alternatively, we will make a prompt refund less a service charge of 10% of the fee for cancellations received in writing (letter or facsimile) no later than 12 October 2007. Where notice is given between this date and 26 Octoberdo not 2007,wish to refunds receive these, please tick the box In Association Website: www.icbi-superinvestor.com email:[email protected] will be 50% of the fee, thereafter we regret that no refunds can be made. Additional Requirements. Please notify ICBI at least one month before the conference date if you have any With FORM REGISTRATION additional requirements e.g. wheelchair access, large print etc. tel: +44 (0) 20 7017 7200 fax: +44 (0)20 7017 7807