Day One, Tuesday, 17 May 2005>> Next Day

08:15 - 09:00 Registration and Continental Breakfast
09:00 - 09:15 Welcome Remarks - Breaking News
Steve Harmston, Director, International Research, VentureSource, Dow Jones & Co. will present the latest data on the U.S. and European fund-raising markets, along with an outlook for who's likely to come back to market in the second half of the year. Harmston will also present our latest investment and valuation data for the US and European LBO and venture capital markets.
09:15 - 10:30 Where LP's are Placing Their Bets in Europe and Around The World
The savviest institutional investors all think globally these days, recognizing that opportunities, like people, tend to migrate from place to place. Find out what kinds of European buyout funds most appeal to U.S. investors—regional or pan-European plays, funds managed by U.S. expatriates or native Europeans. See whether contrarian thinkers can find common ground on opportunities in European venture capital, and Eastern Europe. Hop in side the mind of these veteran investors to understand what it takes to win a commitment.

Moderator:
David Toll, Managing Editor, Private Equity Analyst, Dow Jones & Co.

Speakers:
Chuck Flynn, Managing Director, Bregal Investments
Wanching Ang, Managing Director, Allianz Private Equity
Stuart Waugh, Managing Director, TD Capital
Charles Soulignac, CEO & Chairman, Fondinvest
Agnes Nahum, Partner & Co-Founder, Access Capital
10:30 - 11:00 Keynote Interview Roberto Quarta & David Novak, Partners, Clayton, Dubilier & Rice
Interviewed by Gabriella Stern, Senior Editor, Dow Jones Newswires, Dow Jones & Co. Europe, the Middle East & Africa
11:00 - 11:30 Refreshment & Networking Break
11:30 - 12:45 Innovative Strategies for Achieving Higher PE Returns
Median returns in this business are truly middling. Bottom quartile returns are outright disastrous. Even top-quartile venture funds of a certain vintage year might leave you with a significant capital loss. Institutional investors have to scrape for every possible advantage. Find out how co-investments and secondary investments, whether on your own or outsourced, can give your returns a nice boost. In this session, Stefan Hepp will also reveal SCM's latest performance benchmarking data.

Moderator:
Stefan Hepp, CEO, SCM Strategic Capital Management AG

Speakers:
Marshall W. Parke, General Partner, Lexington Partners
Denis Mortier, Partner, Coller Capital
Paul Sanabria, Private Equity Advisor, Bear Stearns Asset Management
Erik Kaas, Partner, Partners Group
12:45 - 14:00 Luncheon
14:00 - 15:00 How Not to Lose Your Shirt on Terms and Conditions
No doubt about it: A growing number of general partners can dictate their financial terms with impunity. Don't like it? Don't invest. But the vast majority of fund-raising hopefuls simply aren't in the driver's seat—you are. Find out which important non-financial terms you can hope to make a stand on, even with the uppermost top-tier firms. And for negotiations with the top-tier of tomorrow, learn the latest techniques for interest alignment on such key terms as management fees, carried interest, key-person provision, distribution waterfall and divorce clauses. Also understand how partnership terms can be used to minimize your exposure to disclosure of data by public employee pension schemes.

Moderator:
Charles P. Jacobs, Partner, Private Equity Team Leader, Nixon Peabody LLP

Speakers:
David Rimer, Partner, Index Ventures
Christian Dummett, Partner, Merrill Lynch
Ben Aller, Partner, SJ Berwin
Ann Baker, International Counsel, Debevoise & Plimpton LLP
15:00 - 15:45 Roundtable Discussions
  1. Best practices for identifying and meeting with LPs - Kristen Mary, MVision
  2. How to mentor and build a lasting firm - Rory Smith, Nautic Partners
  3. Why Venture Capital in Europe Is Coming Back - Maurizio Caio, TLcom Capital Partners Limited
  4. Best Practices in PPMs - Jonathan Blake, SJ Berwin
  5. Best Practices in roadshows - Helene Nouvelle, Helix Associates Limited
  6. LP Due Diligence Strategies - Charlie Walker, Blackwolf Partners
  7. Securing Bigger Slots in Favorite Funds - Marco DeMiroz, Selby Ventures
  8. Compensation for PE Professionals - Matt Fisher, Partner, Nixon Peabody
15:45 - 16:15 Refreshment and Networking Break
16:15 - 17:15 Opportunities, Red Flags in Western, Eastern European Buyouts
Some of the biggest names in European buyouts are in the market raising funds this year, along with a host of regional players. Not to mention a handful of pioneers trying to ride the rapidly maturing economies in Eastern Europe. Should you just re-up with the brand names and call it a day? Follow the pack into the hottest regional firms? Take a chance that U.S. firms haven't overextended their welcome? Find out from a panel of thoughtful investors and buyout artists how to construct a well-balanced portfolio that won't leave you overexposed to club deals or a European economy few expect to take off anytime soon.

Moderator:
Carol Kennedy, Senior Partner, Pantheon Ventures

Speakers:
Bjorn Saven, Chairman & Chief Executive, Industri Kapital
Nick Petrusic, Director, GSC Partners
Roberto Quarta, Partner, Clayton, Dubilier & Rice
17:15 - 19:15 Networking & Cocktail Reception
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