8.00 - Registration And Morning Coffee Registration And Morning Coffee

8.45 - Chairman’s Opening Address Vince O’Brien, Director, Montagu Private Equity Chairman’s Opening Address Vince O’Brien Director, Montagu Private Equity

9.00 - Examining The Consequences Of The Private Equity "Perfect Storm" Rod Selkirk, CEO, Hermes Private Equity Assessing the underlying drivers fro explosive growth in the industry until 2007 Examining the consequences of this trend going into reverse How far are GPs now in control of their own market strategy? Who will be shaken out, who will survive and who will prosper? Rod Selkirk CEO, Hermes Private Equity

9.30 - Survival Of The Fittest: How Leading GPs Are Adapting To Succeed In The Current Climate Vince O’Brien, Director, Montagu Private Equity Rod Selkirk, CEO, Hermes Private Equity Nazo Moosa, Director, The Carlyle Group Hans Albrecht, CEO, Nordwind Capital Examining the existing model of a discreet fund – will this change dramatically to adapt to market conditions? Measuring the impact of change: are big GPs preparing for fundamental strategic shifts or waiting for a return to the norm? In which areas can we expect growth in 2010 and where will recovery begin? Vince O’Brien Director, Montagu Private Equity Rod Selkirk CEO, Hermes Private Equity Nazo Moosa Director, The Carlyle Group Nazo Moosa is a Director focused on European media, technology and business services opportunities. She is based in London.Prior to joining Carlyle, Ms. Moosa evaluated investment opportunities in the consumer and leisure sectors at JH Capital. Ms. Moosa received her M.B.A. from the Columbia Business School and her Bachelors Degree with honors from UCLA. Her investments include Transics (Brussels: [read more] Hans Albrecht CEO, Nordwind Capital

10.00 - What Do LPs Expect From 06, 07 and 08 Vintages And Can We Expect A Reversal In Trends For 2009/10? Gordon Hargreaves, Partner, Rho Fund Investors Axel Kuehn, Head of Private Equity Funds Group, Zurich, AIG Investments Mary Kuusisto, Partner, Proskauer Rose Jonny Maxwell, Global Head of Private Equity Fund, Allianz Private Equity Partners Peter McKellar, Partner & Chief Investment Officer, SL Capital Partners LLP Outlining the state of the market today and assessing current valuation on deals done at the top of the market Predicting market change to map potential exits moving forward Can you add operational value? Assessing success stories from this high-risk period and applying lessons learnt to your portfolio Gordon Hargreaves Partner, Rho Fund Investors Gordon Hargraves has been actively investing private equity since 1993. He is a Partner with Rho Fund Investors ("RFI") and has overall responsibility for its activities. RFI is the division of Rho Capital Partners that commits to venture capital and other specialized private equity funds whose strategies afford unique advantages, such as domain expertise, operational expertise or focus on a parti [read more] Axel Kuehn Head of Private Equity Funds Group, Zurich, AIG Investments Axel Kuehn is Head of Private Equity Funds Group Zurich at AIG INVESTMENTS. The Private Equity Funds Group is a global advisor for private equity fund investments. Axel Kuehn's current responsibilities include overseeing investments in European geographies out of Zurich, as well as sourcing, due diligence, monitoring and product marketing. He has been in private equity funds business for more than [read more] Mary Kuusisto Partner, Proskauer Rose Mary Kuusisto is a partner in the Private Investment Funds Group of Proskauer Rose LLP in London. She has over fifteen years of experience in the private equity industry and has advised hundreds of GPs and LPs on fund formation and operational matters involving private investment funds globally, with particular experience in tax-related matters. Jonny Maxwell Global Head of Private Equity Fund, Allianz Private Equity Partners Jonny Maxwell is Global Head of Private Equity Fund of Funds at Allianz Private Equity Partners. Jonny has overall responsibility for Allianz’s indirect private equity activities, operating out of locations in Munich, New York and Singapore. Allianz, one of the world's largest insurance companies manages in excess of Euro 6.3 billion of private equity fund assets. Peter McKellar Partner & Chief Investment Officer, SL Capital Partners LLP Peter McKellar, Partner & Chief Investment Officer, SL Capital Partners LLP started his career in investment banking at JP Morgan and worked in corporate finance before moving into industry in 1995 as corporate development director and then group finance director of Clydeport plc, a London Stock Exchange listed company and a former Montagu Private Equity buyout. Peter joined Standard Life Inve [read more]

10.30 - Morning Networking Coffee Morning Networking Coffee

11.00 - Growth Capital and Small/Mid Size Buy-Outs - Stable Performance in Volatile Times A. Michael Hoffman, Chairman, Palamon Capital Partners Scott Collins, Managing Director, Summit Partners Nigel McConnell, Managing Partner, Cognetas Roberto Pilotto, Partner, PPM Managers As alternatives to large/mega buy-out market--how has performance evolved? What are the prospects for these markets in the current and likely near-term environment; what trends are we seeing? How are funds in these spaces differentiating themselves? What issues are they facing in terms of pricing of deals, structuring of transactions, debt financing where required and achieving exits? A. Michael Hoffman Chairman, Palamon Capital Partners A. Michael Hoffman co-founded Palamon Capital Partners in 1999 and is Chairman. He has extensive experience in private equity having established the London Office of Warburg Pincus in 1987. Scott Collins Managing Director, Summit Partners Scott Collins is a Managing Director and leads Summit Partner’s London Office. Mr. Collins joined Summit Partners in 1996 and worked in the Boston office before moving to the United Kingdom to establish the London office in 2001. He serves on the firm’s Executive and Operating Committees.Before joining Summit Partners, Mr. Collins worked at McKinsey & Company, where he conducted strategic busi [read more] Nigel McConnell Managing Partner, Cognetas Roberto Pilotto Partner, PPM Managers

11.30 - Positioning and Managing Your Portfolio to Maximise Returns Process? Ian Croxford, Group Operations Director, Stocks Spirits Group Philip A. Dougall, Jean-Charles Douin, Principal (EMEA), Teachers’ Private Capital Rick Krens, Vice-President, Oaktree Capital Management Mark McDonald, Principal Europe, Pomona Capital Peter Smith, Director, Private Equity, M & A, Celerant Consulting Understanding the implications: assessing the impact of the decline in demand-end markets on your portfolio as a whole Finding the balance: identifying where you can add greatest operational value and how, when and where to release cash Making it happen: realising incremental value from your portfolio: a practical guide Ian Croxford Group Operations Director, Stocks Spirits Group Ian joined Stock Spirits Group in December 2007. He has worked in the industry since 1996, when he joined United Distillers & Vintners (a subsidiary of Diageo PLC) as Packaging Director, Global Operations and Operations Director, Packaging, UK Operations. He was most recently CEO of Inter Link Foods Ltd. Philip A. Dougall , Philip A. Dougall is an independent adviser and investor in turnarounds and underperforming companies. For the prior five years, he was the CEO and Managing Director of Sun European Partners, LLP, a leading private equity firm focused on the turnaround/underperforming market. Mr Dougall spent twelve years, from 1991 to 2003, with Lehman Brothers where he was a Managing Director and Co-head of the [read more] Jean-Charles Douin Principal (EMEA), Teachers’ Private Capital Jean-Charles Douin joined the London team at Teachers’ in 2008 with international experience in private equity. Previously, he worked at CapVest Ltd., a mid-cap private equity fund based in London, and UBS Investment, where he focused on the consumer and retail sector Rick Krens Vice-President, Oaktree Capital Management Prior to joining Oaktree in 2007, Mr. Krens was CFO and Financial Controller of GROHE, a leading provider of Water Technology solutions in Germany. Before that, he spent four years at Black & Decker Europe, most recently as a Vice-President in the Lean Six Sigma group. Prior experience includes work at Stanley Works Inc., GE Capital and GE Plastics. Mark McDonald Principal Europe, Pomona Capital Mark McDonald is Principal of Pomona Capital’s London office and joined the firm in 2004. He focuses on the origination and execution of private equity secondary transactions as well as primary fund investments in Europe. Prior to Pomona, Mark spent four years with Barclays Capital in Europe and the Asia-Pacific region where he focused on M&A, leverage finance and private equity. He also spent [read more] Peter Smith Director, Private Equity, M & A, Celerant Consulting Peter joined Celerant in 2008 as a Director of Celerant’s Private Equity and M&A practice. He has previously worked in consulting, industry and Private Equity, where he has held CEO positions with a number of PE backed companies, overseeing the doubling of revenue and profitability.

12.00 - LP Portfolio Management Strategies: How Investors Plan To Manage Their Commitments And Where They Plan To Deploy Capital in 2010 Frank Amberg, Head of Private Equity, MUNICH ERGO AssetManagementGmbH (MEAG) Robert Nef, Partner, Horizon 21 Kirk Beaton, Vice President, Lexington Joe Sovren, Partner, Capvent Finding opportunities in a capital constrained market Using the secondary market to balance your current commitments Maintaining your vintage year diversification Frank Amberg Head of Private Equity, MUNICH ERGO AssetManagementGmbH (MEAG) As Head of Private Equity, Frank Amberg is responsible for the Private Equity and Infrastructure investments of Munich Re Group. Prior to joining MEAG, Mr. Amberg spent eight years in the execution of direct investments in Venture Capital, Buyout and mezzanine financings and worked several years in Private Equity Fundraising. Previously, he was responsible for M&A with a Germany based industri [read more] Robert Nef Partner, Horizon 21 Kirk Beaton Vice President, Lexington Joe Sovren Partner, Capvent

12.30 - Lunch Lunch

Stream A: Secondaries and ValuationsStream B: One year of crisis in Russia: evolution PE lan... 14.05 - Secondaries Statistics & Analysis Stream A: Secondaries and Valuations Elly Livingstone, Partner, Pantheon Designed to give you critical insight into the hard fact around the debate, these Statistics and Analysis sessions aims to provide you with the freshest insight into key areas affecting your business in 2010. Key trends and developments Valuations and seller expectations Market conditions Elly Livingstone Partner, Pantheon Elly leads Pantheon’s global secondary investment funds and is a member of the firm’s Investment Management Committee and European Investment Committee. He joined Pantheon in 2001. Prior to joining Pantheon, Elly was an investment manager focusing on structuring and execution of direct investments at Actis Capital, an emerging markets private equity fund. 14.05 - One year of crisis in Russia: evolution PE landscape and products Stream B: One year of crisis in Russia: evolution PE landscape and products Andrey Dobrynin, Managing Partner, N.R. Growth Consulting Ltd One year of crisis in Russia: evolution PE landscape and products Andrey Dobrynin Managing Partner, N.R. Growth Consulting Ltd Within 1998 and 2002 held several key positions in investment banking in Dresdner Kleinwort Benson/Dresdner Kleinwort Wasserstein In 2002, Andrey was invited by MDM Bank to create and head International Capital Markets division. Within 4 years MDM took the leading position in arranging international debt placements for Russian mid-caps. In April 2006, Andrey joined Alfa-Bank (the largest privately [read more]

Stream A: Secondaries and ValuationsStream B: Acquisitions and Human Capital 14.30 - Tracking The Growth Of Secondaries In 2009 And Their Effect On The Private Equity Landscape Stream A: Secondaries and Valuations Elly Livingstone, Partner, Pantheon Christina Pamberg, Director, European Head of Investor Relations, KKR Andrew Sealy, Managing Partner, Campbell Lutyens Christiaan de Lint, Partner, Headway Capital Peter Wilson, Managing Director, HarbourVest Partners (U.K.) Ltd Developments in the market over the past year which have led to the acceleration in secondary acquisitions Identifying the changes in investor bases caused by a rise on secondaries Examining the impact of more interventionist GP policies on secondaries Managing complex process issues to ensure a smooth transition from primary to secondary Elly Livingstone Partner, Pantheon Elly leads Pantheon’s global secondary investment funds and is a member of the firm’s Investment Management Committee and European Investment Committee. He joined Pantheon in 2001. Prior to joining Pantheon, Elly was an investment manager focusing on structuring and execution of direct investments at Actis Capital, an emerging markets private equity fund. Christina Pamberg Director, European Head of Investor Relations, KKR Christina A. Pamberg joined Kohlberg Kravis Roberts & Co. (KKR) as a Director in 2005 and focuses on investor relations and capital raising activities for Europe. Prior to joining KKR, Ms. Pamberg was with HarbourVest Partners (U.K.) Ltd. In her five years at HarbourVest, Ms. Pamberg was involved in various aspects of fund-of-funds investing covering primary, secondary and direct co-investment [read more] Andrew Sealy Managing Partner, Campbell Lutyens Andrew joined Campbell Lutyens in 1990 and became the Managing Partner in 2003. He also leads the firm’s financial advisory activities which focus on secondary transactions and fund restructurings. Previously he was responsible for developing the firm’s activities in fund placement. Christiaan de Lint Partner, Headway Capital Peter Wilson Managing Director, HarbourVest Partners (U.K.) Ltd Peter Wilson joined the Firm’s London-based subsidiary in 1996 and focuses principally on secondary investments in Europe and European venture partnerships. He serves on the advisory committees for partnerships managed by Atlantic Bridge, Baring Vostok Capital Partners, Index Venture Management, Indigo Capital, Nordic Capital, Paragon Partners, and Pond Venture Partners. Prior to joining the Firm, [read more] 14.30 - An Overview Of Acquisition Opportunities: Mapping The Landscape Now, In 12 Months And In 24 Months Stream B: Acquisitions and Human Capital William van Eesteren, Managing Director, Wilshire Europe Ben Hewetson, Director, Teachers’ Private Capital Peter Laib, Managing Director, Adveq Hans van Swaay, Partner, Lyrique Neil MacDougall, Managing Partner, Silverfleet Capital Tracking market change over the past year to predict patterns for the next 12 months – has the market bottomed yet Exploring the opportunity for smaller, all-equity deals and the impact this will have on small and mid-market buyout firms Reviewing GP strategy shifts and the growth of pseudoinfrastructure deals William van Eesteren Managing Director, Wilshire Europe Mr. van Eesteren is responsible for origination, due diligence, and monitoring of buyout and venture capital investments in Europe. He has 14 years of investment experience. Prior to joining WPM, he worked in investment banking, most recently as Vice President with ING Barings. Mr. van Eesteren was also previously with NationsBank and Bank of America in London. Mr. van Eesteren serves on several b [read more] Ben Hewetson Director, Teachers’ Private Capital Ben Hewetson, Director, Teachers’ Private Capital. Ben Hewetson joined Teachers’ Private Capital in 2008 with 15 years experience in private equity, mergers and acquisitions and banking. He is responsible for sourcing, negotiating and executing private equity investments across Europe. Peter Laib Managing Director, Adveq Peter joined the company in 1999 as Managing Director. From 1995 to 1999, he was at A.T. Kearney Management Consultants in Germany, focusing on corporate restructuring and new business strategies. Prior, he worked in strategic planning, sales and marketing at Robert Bosch, Stuttgart. Peter started his professional career in the Data and Information Technology Division of Siemens in Germany and in [read more] Hans van Swaay Partner, Lyrique Hans van Swaay has been more than twenty years in private equity as Head of Private Equity at Pictet & Cie, as Managing Director of UBS Capital, as Managing Director of Merifin and as partner of Lowe Finance. He has made direct investments in Switzerland, Germany, France, the United Kingdom and in the Netherlands. He sat on numerous boards and ran companies as CEO when necessary. Neil MacDougall Managing Partner, Silverfleet Capital Neil MacDougall heads up a team of 50 staff based in offices in London, Munich, Paris and Chicago. He joined Silverfleet Capital in 1989 and was appointed Managing Partner in 2004. Neil is a director of Sterigenics International Inc. Before joining Silverfleet Capital, Neil was a Strategic Management Consultant at Bain & Co. He read Natural Sciences and Computer Science at Cambridge. Neil chai [read more]

Stream A: Secondaries and ValuationsStream B: Acquisitions and Human Capital 15.00 - A Tool For PortfolioManagement – How LPs Are Using Secondaries To Shuffle Their Commitments Stream A: Secondaries and Valuations André Aubert, Principal, LGT Capital Partners Greg Holden, Partner, Adams Street Partners Matthew Hudson, Partner, Proskauer Rose Joe Topley, Managing Director, Parish Capital Advisers Europe LLP Examining the drivers for divestiture in the current economy Correlating buyer and seller objectives and establishing optimal conditions for secondary deals Secondaries as an solution for LP defaults – where can the secondaries market add value to a portfolio? Establishing valuations and maintaining clear visibility over valuations in the secondaries market André Aubert Principal, LGT Capital Partners Prior to joining LGT CP in 2005, Mr. Aubert was a Principal at Index Ventures, a pan-European venture capital firm, which he joined in 1999. At Index Mr. Aubert focused on investment opportunities in the communications, semiconductor and embedded software sectors. Greg Holden Partner, Adams Street Partners Greg is a Partner who primarily specializes in the sourcing and execution of secondary investments. He actively participates in all fund investment decisions at Adams Street. He is a Certified Public Accountant and a member of the Adams Street Partners Secondary Partnership Sub-Committee. Matthew Hudson Partner, Proskauer Rose Matthew Hudson is a partner in the Corporate Department of Proskauer Rose LLP and head of the London Office. His practice focuses on private equity, corporate finance and M&A, including advising private equity houses on fund formation, carried interest structures, LBOs, MBOs and venture capital. In addition, he has represented management teams, as well as portfolio companies, throughout their [read more] Joe Topley Managing Director, Parish Capital Advisers Europe LLP 15.00 - A Review Of Pricing: Drivers For Current Trends And Predicted Market Developments Stream B: Acquisitions and Human Capital Marleen Groen, CEO, Greenpark Graeme Gunn, Partner, SL Capital Partners LLP Lorenzo Russo, Partner, Vision Capital Michael Diehl, Partner, Activa Capital Assessing the decline in end-user demand and the effect on global markets Market conditions since 2006 – are sellers’ expectations in line with the current climate? Pinpointing the trigger for selling: what drivers will force assets onto the market and what market conditions will drive this? Marleen Groen CEO, Greenpark Marleen Groen is principal founder and CEO of Greenpark, an independent global private equity secondaries investment group, currently advising funds of €1.3 billion. Marleen has extensive global private equity secondaries experience having spent the last thirteen years investing in this market. Graeme Gunn Partner, SL Capital Partners LLP Graeme Gunn is responsible for European private equity investment activity. He currently sits on a number of European private equity fund advisory boards and has responsibility for a portfolio of direct co-investments. Lorenzo Russo Partner, Vision Capital Lorenzo joined Vision Capital as a Partner in 2008. Previously he was a Director at Change Capital Partners focusing on mid-market buyouts in the consumer and retail goods sector. Prior to Change Capital Lorenzo worked at Salomon Brothers, Nomura and TD Capital. Michael Diehl Partner, Activa Capital

15.30 - Afternoon Networking Coffee Afternoon Networking Coffee

Stream A: Secondaries and ValuationsStream B: Acquisitions and Human Capital 16.15 - Ensuring Consistency Of Valuations In A Turbulent Market Stream A: Secondaries and Valuations William Gilmore, Investment Director, Private Equity, Scottish Widows Ross Marshall, Chief Executive, Dunedin Charles Soulignac, Managing Partner and Founder, Fondinvest Capital Annette Wilson, Investor Relations Director, Palamon Capital Partners Richard Green, Chairman, August Private Equity How important is marking to market in the current climate? Examining GP and LP objectives in establishing valuations – how often do they align and how can they be reconciled when they don’t? What criteria are most important when making valuations? Following the European guidelines and assessing their relevance in a period of economic downturn Examining the impact of unclear valuation on individual companies and the industry as a whole William Gilmore Investment Director, Private Equity, Scottish Widows William is an investment director in the private equity team, which he heads up, and is responsible for making investments in private equity funds globally. The private equity team manages more than €1.5bn in private equity commitments in over 60 fund investments. William is also a member of the advisory committees of a number of private equity funds, a director of the Private Equity Association a [read more] Ross Marshall Chief Executive, Dunedin Ross Marshall joined Dunedin in 1994 after ten years with 3i. He has 25 years private equity experience, including leading the negotiations for the MBO of Dunedin in 1996. He chairs Dunedin's investment committee and heads Dunedin’s investor relations activities. He raised the £250m Dunedin Buyout Fund II in 2006. Charles Soulignac Managing Partner and Founder, Fondinvest Capital Charles Soulignac, Managing Partner and Founder of Fondinvest Capital, started in 1993 the fund-of-funds business (primary and secondary). He has been a member of the EVCA board of directors and investor relations committee. Annette Wilson Investor Relations Director, Palamon Capital Partners Annette Wilson is Investor Relations Director of Palamon Capital Partners. She joined Palamon in 1999 as the founding Chief Financial Officer and took on the investor relations role solely in 2005. Richard Green Chairman, August Private Equity 16.15 - Overcoming Human Capital Challenges Within The Private Equity Firm In Times Of Economic Turbulence Stream B: Acquisitions and Human Capital Rhonda Ryan, Head of Private Equity Funds Group, London, AIG Investments Changing attitudes: Will GPs begin to employ HR strategies used in their portfolio within their own organisation? Managing cutbacks and higher turnover to ensure you retain top performers Maintaining staff motivation throughout a period of decreased deal flow Assessing the impact of cutbacks on generational attitudes and ensuring a high ratio of experience in your team Rhonda Ryan Head of Private Equity Funds Group, London, AIG Investments Ms. Ryan joined AIG Investments in 2006. In addition to heading the London private equity funds group, Ms. Ryan is responsible for evaluating and meeting with private equity fund managers, making investment recommendations and monitoring the performance of the private equity fund portfolio. Prior to joining AIG Investments, she was Head of Private Equity at Insight Investment (the asset manager of [read more]

16.45 - Rewarding Success: Is Remuneration For GPs Fair In The Current Climate? Capital Creation Debates William Gilmore, Investment Director, Private Equity, Scottish Widows Gordon Hargreaves, Partner, Rho Fund Investors Jonny Maxwell, Global Head of Private Equity Fund, Allianz Private Equity Partners Vince O’Brien, Director, Montagu Private Equity Neil MacDougall, Managing Partner, Silverfleet Capital Tracking the shifts in returns over the last 12 months and how LP and GP expectations have changed to reflect this Identifying the critical competencies and success factors which both LPs and GPs agree warrant high rewards Examining how terms and conditions have altered to reflect the new economic environment William Gilmore Investment Director, Private Equity, Scottish Widows William is an investment director in the private equity team, which he heads up, and is responsible for making investments in private equity funds globally. The private equity team manages more than €1.5bn in private equity commitments in over 60 fund investments. William is also a member of the advisory committees of a number of private equity funds, a director of the Private Equity Association a [read more] Gordon Hargreaves Partner, Rho Fund Investors Gordon Hargraves has been actively investing private equity since 1993. He is a Partner with Rho Fund Investors ("RFI") and has overall responsibility for its activities. RFI is the division of Rho Capital Partners that commits to venture capital and other specialized private equity funds whose strategies afford unique advantages, such as domain expertise, operational expertise or focus on a parti [read more] Jonny Maxwell Global Head of Private Equity Fund, Allianz Private Equity Partners Jonny Maxwell is Global Head of Private Equity Fund of Funds at Allianz Private Equity Partners. Jonny has overall responsibility for Allianz’s indirect private equity activities, operating out of locations in Munich, New York and Singapore. Allianz, one of the world's largest insurance companies manages in excess of Euro 6.3 billion of private equity fund assets. Vince O’Brien Director, Montagu Private Equity Neil MacDougall Managing Partner, Silverfleet Capital Neil MacDougall heads up a team of 50 staff based in offices in London, Munich, Paris and Chicago. He joined Silverfleet Capital in 1989 and was appointed Managing Partner in 2004. Neil is a director of Sterigenics International Inc. Before joining Silverfleet Capital, Neil was a Strategic Management Consultant at Bain & Co. He read Natural Sciences and Computer Science at Cambridge. Neil chai [read more]

17.30 - Cocktail Reception Cocktail Reception