Day Two, Wednesday, 18 May 2005>> Previous Day 08:30 - 09:00 Registration and Breakfast 09:00 - 9:30 Keynote Speaker: Henry Robin, Partner, Fund Investments, Alpinvest Partners Inc. Interviewed by David Toll, Managing Editor, Private Equity Analyst, LBO Wire, Dow Jones & Co. 09:30 - 10:15 New Destinations in U.S. and European Venture Capital Markets The well of opportunities in telecom and enterprise software seems to have dried up. Innovation in PC equipment and cell phones is no longer the realm of start-up companies. What's taking their place in the hearts of VCs? Cleantech, consumer products, nanotechnology, urbanization, advertising technology, homeland security—these are just a few of the fields that may be at the beginning of thousand-year periods of innovation and money-making. Learn more about them from a panel of cutting-edge venture capitalists and the investors who back them. Moderator: Steve Harmston, Director, International Research, VentureSource, Dow Jones & Co. Speakers: Jean Marc Patouillaud, Managing Director, Partech International Anne Glover, CEO, Amadeus Capital Partners Stephan Dolezalek, Managing Director, VantagePoint Venture Partners Guy Fraser-Sampson, Managing Partner, Mowbray Capital LLP 10:15 - 10:45 Refreshment & Networking Break 10:45 - 12:00 Picking the Right Emerging Managers—At This Event! You thought you can't break in with top-tier private equity firms? OK you can't—not directly anyway. But who wants to invest with the top-tier firms of today, especially now that their partners have already acquired their yachts and private islands? You want to make sure you're committing today with still-hungry, top-tier firms of tomorrow. From this panel you'll learn who those firms are, the investment opportunities they've got their eyes on, and how to ensure you can secure a spot in their fund. Also watch as partners at emerging managers make elevator pitches to a panel of skeptical LPs—then get grilled with their toughest questions. Moderator: Armando D'Amico, Managing Partner, Acanthus Advisers Speakers: Ivan Vercoutere, Partner, LGT Capital Partners Jens Bisgaard-Frantzen, Managing Partner, ATP Private Equity Partners Emerging Managers: D. Jarrett Collins, Managing Director, NeoCarta Ventures, Inc. Robert Wilhelm, Managing Partner, Solid Capital Partners Tom McConnell, General Partner, Vanguard Ventures 12:00 - 12:45 Disclosure, Valuation Standards: Lessons from the United States New freedom-of-information laws taking effect this January have set off a race by publishers to get performance data from UK pension funds. At press time, no one had requested information about underlying portfolio companies—but it's not out of the question. Find out how both GPs and LPs have adapted to the disclosure battles raging for several years now in the United States, including changes to how data is disseminated in quarterly and annual reports to LPs. Our panel will also talk about U.S. reaction so far to fair-market-value valuation standards introduced in December 2003. Moderator: Tom Beaudoin, Partner, Wilmer Cutler Pickering Hale and Dorr Speakers: Monique Saulnier, Partner, Sofinnova Partners John Hess, CEO, Altius Associates Charles Lax, Managing General Partner, GrandBanks Capital 12:45 - 13:45 The Great Debate: Are We in a Buyout Bubble? and Other Big Questions Have US firms finally conquered the European buyout market? Did the Internet and telecom bubbles deliver the European venture capital market a knock-out punch? Is too much money flowing into the private equity markets for their own good? Will general partners ever adopt valuation and reporting guidelines? Panelists will stake out diametrically opposed positions on these and other key questions in short, strictly timed debates. Moderator: Ray Maxwell, General Partner, Invesco Private Capital Speakers: Jon Moulton, Managing Partner, Alchemy Partners Ulrich Grabenwarter, Head of Division, Venture Capital Operations, EIF Steven Costabile, Head of Private Equity Funds, AIG Global Investment Andre Jaeggi, Managing Director, Adveq W. Duke DeGrassi, Chief Investment Officer, Hamilton Lane Advisors 13:30 - 14:45 Luncheon - Conference Concludes >> Previous Day