15 - 17 September, 2010
Le Meridien Beach Plaza, Monte Carlo

Main Conference Day Two

Friday 17, September 2010

 

09:00 Re-registration And Refreshments
Re-registration And Refreshments
09:25 Chairperson’s Welcome And Re-Cap of Day One
Chairperson’s Welcome And Re-Cap of Day One
09:30 Panel: Is the AIFM Directive A Genuine Threat To Private Equity?
Erik Kaas, Co-Head of Investment Solutions, Partners Group
Graeme Gunn, Partner, SL Capital Partners
Hendrik Nitschke, Managing Director, Swift Capital Partners
  • Reduced choice lowering returns to EU investors
  • Requirements for reduced, concentrated portfolios elevating risk profiles
  • Non-EU fund requirements inhibiting investment opportunities in emerging markets
  • Driving cost burdens through compliance and the need for independent intermediaries
Erik Kaas

Erik Kaas
Co-Head of Investment Solutions, Partners Group

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Graeme Gunn
Partner, SL Capital Partners

Hendrik Nitschke

Hendrik Nitschke
Managing Director, Swift Capital Partners

10:10 What Will The Alternative Investment Fund Managers (AIFM) Directive Mean In Practice For Private Equity?
Gus Black, Partner, Dechert LLP
  • How will the Directive work in practice?
  • Enhanced disclosure requirements to:- Create increased transparency- Restore a balance of power between GPs and LPs
  • Impact of the different EU Presidencies on the terms of the Directive
Gus Black

Gus Black
Partner, Dechert LLP

10:40 Securing Returns On Capital Through Growth Equity
Antoine Garrigues, Managing Partner, Iris Capital
Michael Wand, Head of Growth Capital, Carlyle Group
  • Ensuring profitability through growth as opposed to leveraged buyouts
  • How are growth equity funds distinguishing themselves to ensure returns for investors?
  • Focusing on the growth equity market as a key strategy to ensure profitability in 2011
  • Does a shrinking buyout market mean that now is the time to invest in growth funds?
Antoine Garrigues

Antoine Garrigues
Managing Partner, Iris Capital

Michael Wand

Michael Wand
Head of Growth Capital, Carlyle Group

11:20 Morning Coffee And Networking
Morning Coffee And Networking
11:50 Panel: What Are The Alternative Financing Routes In A Lean Leveraging Environment?
Guy Semmens, Partner, Argos Soditic
Fay Sanders, Private Equity Journalist, The Financial Times Group
  • High yield bonds and mezzanine financing as viable alternative sources to leveraged loans?
  • When will debt financing return?
  • An industry-wide necessity to minimise debt now in order to position ourselves strongly for when financing returns
Guy Semmens

Guy Semmens
Partner, Argos Soditic

Fay Sanders
Private Equity Journalist, The Financial Times Group

12:30 Closing Discussion: A Review Of Lessons Learned
  • Learning the lessons of the financial crisis to ensure growth and creation in a post-recession climate
  • Installing discipline across the industry to ensure we do not forget the lessons of 2008-09
  • A trend towards growth equity in order to revive the industry?
13:00 Chairperson’s Closing Remarks
Chairperson’s Closing Remarks
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