Programme

8.30	Registration and coffee
9.00	Welcome address: Kimberley Romaine, Editor-in-Chief, unquote”
9.20	Keynote Address: Why private equity works Luke Johnson, Chairman, RISK CAPITAL PARTNERS & CHANNEL 4
9.50	Keynote Address: Why has private equity hit the headlines in Europe and what should we do about it? Martin Halusa, Chief Executive, APAX PARTNERS
10.20	Chairman's opening remarks Grant Roberts, Partner, NEWGATE PARTNERS	Chairman's opening remarks
	Stream one: Fundraising	Stream two: Deal Making
10.30	PANEL: Preparation is everything: requirements for successful fundraising Average IRR: does this hide bad performances? The significance of past performance to future success The requirements for a well performing team Increased pressure to invest in brand name funds Ray Maxwell, Director, PRIV-ITY LIMITED David Donnelly, CEO, Private Equity, FLEMING FAMILY & PARTNERS Stefan Hepp, CEO & Founder, SCM STRATEGIC CAPITAL MANAGEMENT Brian Macdonald, Co-Head, Private Equity, INSIGHT INVESTMENT	PANEL: Creating value in the private equity-backed company The importance of sector teams to generate opportunities: how expertise adds value Operating partners: credibility as a buyer or a waste of time? Do private equity firms see themselves as buyers or owners? Turnaround specialists Moderator: Michael Russell, Partner & Head of Europe, ALTIUS ASSOCIATES Sam Watkinson, Partner, AUGUST EQUITY Julian Knott, Partner, COGNETAS Charlie Troup, Partner, DUKE STREET CAPITAL
11.10	Morning networking break
11.50	Big investors move into seed funds - what’s the story? Why seed is an under-exploited asset class in Europe Does seed lend itself to a new class of investor? What are the key success factors in seed investing? Seed’s place in the wider funding environment Moderator: David Holbrook, Partner, MTI PARTNERS Kevin Fallon, Investment Director, CONSENSUS BUSINESS GROUP Sherry Coutu, Non-Executive Director, LIBRARY HOUSE Russ Cummings, Chief Investment Officer, IMPERIAL INNOVATIONS	Panel: Challenges and developments in the mid-market: Over supply of capital leading to high valuations Lack of quality investment opportunities Reliance on secondary buyouts Moderator: Mark Hammond, Head of Bank of Scotland Integrated Finance, BANK OF SCOTLAND Christophe Hemmerle, Managing Director, FINATEM Arnaud de Cremiers, Partner, ADAMS STREET PARTNERS Michael Hoffman, Managing Partner, PALAMON CAPITAL PARTNERS
12.30	Private equity trend opportunities: buyouts vs. venture What do bigger fund sizes mean for returns? Where are the opportunities today? Risk factors Where should you be putting your money? Guy Fraser-Sampson, Author and columnist	Panel: Private equity vs. hedge funds: are the boundaries blurring? Hedge funds: friend or foe to private equity? Hedge fund financing for private equity transactions What does this mean for investors? Talent race: comparing remuneration packages Moderator: Steven Clarke, Head of Mezzanine, UK, ICG Hans Albrecht, Managing Director, NORDWIND CAPITAL Andrew Roberts, Partner, TRAVERS SMITH Harlan Zimmerman, Partner, CAPITAL Z INVESTMENT PARTNERS
13.10	Networking lunch
14.30	Panel: LP allocations and GP fund structures response to changing investment horizons Are internal fund dynamics changing investment patterns? Will liquidity needs drive short-ism? Faster return cycles conflicting with increasing private equity allocations Will pension funds be replaced by investors with longer term horizons? Fund structures response: end of 10 year limited partnerships, the acceleration of quoted private equity Moderator: Ernie Richardson, CEO, MTI PARTNERS Craig Pickering, Independent Consultant Paddy Dowdall, Investment Manager, MERSEYSIDE PENSION FUND Simon Thornton, Managing Director, PEARonline	Analysing concerns surrounding levels of leverage in current market Indiscriminate rise in leverage multiples Key drivers for transactions – available debt, suitable businesses, transaction hype Impact of covenant-lite and other borrower friendly developments on default and recovery prospects The battleground around transfer restrictions Why Loan Credit Default Swaps will break down the public-private barriers Paul Watters, Head of Loan & Recovery Ratings, STANDARD & POORS LEVERAGED FINANCE
15.10	Top quartile persistence in private equity Definition of top quartile Issues with top quartile label Comparison to public market managers Consequences for investors Olav Koenig, Global Head of Business Development, Managing Director, CAPITAL DYNAMICS	Integrated Finance: is this challenging private equity? Integrated finance funding solutions Discussing the pros and cons Encroaching on market space of traditional lenders? New players/tools Mark Hammond, Head of Bank of Scotland Integrated Finance, BANK OF SCOTLAND
15.50	Afternoon networking break
16.30	Panel: The changing relationship between LPs and GPs: maintenance rather than attraction? Pressure on management fees and carried interest Split in transaction fees Limited partnership: permanent fixture in private equity? The increasing importance of co-investment opportunities Moderator: Philip Jones, Investment Manager, LONDON PENSION FUND AUTHORITY Pavan Gupte, Investment Director, GARTMORE PRIVATE EQUITY Susanne Forsingdal, Partner, ATP PRIVATE EQUITY PARTNERS Erik Thyssen, Managing Partner, ALPINVEST PARTNERS (subject to final confirmation)
17.10	Panel: The ever-increasing public face of private equity Concerns surrounding lack of transparency of corporate governance Disclosure issues Socio-economic duty of the private equity world Balancing PR needs vs. running the company Moderator: Kimberly Romaine, Editor-in-Chief, UNQUOTE” Jeremy Hand, Vice-Chairman, BRITISH PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION Brendan Barber, General Secretary, TUC Ray Maxwell, Director, PRIV-ITY LIMITED Sarah Bates, Non-Executive Director, MTI PARTNERS
17.50	Chairman's closing remarks
18.00	Cocktail reception
19.00	End of congress

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