Track I: Raising the Next Fund

9:00 - 9:15

9:00 - 9:15	OPENING NOTE : Message from Charlie McCreevy - European Commissioner for the Internal Market and Services, EUROPEAN COMMISSION KEYNOTE 1: Thomas Pütter – Chairman, Allianz Capital Partners KEYNOTE 2: Jean-Louis de Bernardy - President, AFIC
9:15 - 10:05	*Panel 1: Great Insights from private equity leaders* What is the future landscape of Private Equity on a 10 year perspective? Keeping the Management Portfolio active in a downturn Asset allocation best practices: are crisis years the best vintage? Expectations, returns and allocations – Understanding today's challenges for investors Long term investments perspective in France and Europe Deploying cash without good leverage: pros and cons, solutions How do LPs best negotiate with Gps to improve terms and conditions ? Diversification: now more than ever Wouter Moerel - Partner, Alpinvest Filippo J. Cardini - Chief Operating Officer & Managing Director, TowerBrook Capital Partners Thomas Pütter – Chairman, Allianz Capital Partners Bertrand Finet – Member of the Executive Board, Fonds Stratégique d'Investissement Pierre Etienne Lorenceau - Chief Executive Officer, Leaders League
10:05 - 10:55	*Panel 2:* *Shopping Time: What Sectors and Regions ?* Emerging countries = emerging opportunities? Sector industry emerging from the crisis - New cash cows What are the businesses fostered by the crisis that will bloom in the “spring”? Small & Mid Size deals How will the LPs manage their commitments and where will they look at in 2010 Corporate Buyer VS Private Equity in a credit-poor economy Global vs Local GPs: Pros & Cons Private Equity still out-performs most other asset classes Monish Dutt - Chief Credit Officer for Global Financial Institutions & Private Equity Funds, International Finance Corporation (World Bank Group) Christopher Masek – Managing Partner, IK Investment Partners Benjamin Revillon – Managing Partner, BEX Capital Julian Brown – Member of the Global Management Board for Corporate Finance & Head of Corporate Finance Spain, PricewaterhouseCoopers Jonathan Braude - Senior Writer, The Deal
10:55 - 11:15	Networking Break
11:15 - 12:05	Panel 3: Industry structure change: Secondary Market Solutions Living in a Deleveraging World New Secondaries Market Developments How LPs are using secondaries to shuffle their commitments Are there enough deals for a generous number of buyers? Structured transactions – the bridge between buyers and sellers Secondaries: Returns boosted by current volatility? 2009: The Year of the Secondaries Timothy Weld - Vice President, Parish Capital Laura Shen Lefranc – Founder & Partner, Headway Capital Eric Pathé - Investment Director, Greenpark Capital Valérie Handal - Vice President, HarbourVest Partners Jonathan Braude - Senior Writer, The Deal
12:05 - 13:45	Networking Lunch
13:45 - 14:00	KEYNOTE: Monish Dutt - Chief Credit Officer for Global Financial Institutions & Private Equity Funds, International Finance Corporation - World Bank Group
14:00 - 14:50	Panel 4: Leveraged (Re) Finance 2009/2010 Refinancing bank debt through the high yield bond market The corporate perspective: refinancing large acquisitions through spin-offs What are the alternative investment tools: mezzanine, corporate debt of the operating company? The golden days for mezzanine or will high yield replace mezz ? Likelihood for bond market to take over a part of the loan market Apparent improvement of credit markets: here to stay? Relevant for Private Equity? Rescuing the business by the banking syndicate playing the role of the financial buyer ? Lenders have the power now, but how long will it last ? Jean Bergeret - Head of Leveraged Finance Europe, BNP Paribas Eric Meyer – Senior Banker & Head of Financial Sponsor, Societe Generale Nathalie Savey – Head of Leveraged Loans, Axa IM Franck Duhamel - Partner, Park Square Capital Eric Cartier Millon – Partner, Gide Loyrette Nouel Tim Polglase – Partner, Allen & Overy **Pierre Etienne Lorenceau - Chief Executive Officer, Leaders League**
14:50 - 15:40	Panel 5: Complex Deals and Valuation Discipline Creating Investments at Low Valuations Valuation of distressed entities: is it worth investing in? The consistent valuation of an underlying portfolio New operations valuation Financing large deals in the next 18 months Transformational acquisitions: Corporate buyers VS Private Equity Secondary market valuation of funds and portfolios Chris Masterson - Chief Executive Officer, Montagu Private Equity Louis Prothery - Director, Citigroup Benjamin Kanovitch - Partner, Bredin Prat Frederic Dubuisson - Managing Director, Duff & Phelps Pierre Etienne Lorenceau - Chief Executive Officer, Leaders League
15:40 - 15:55	Networking Break
15:55 - 16:45	*Panel 6: The new LP – GP Relationship* Winning the war for funding New terms in fundraising allocation Negotiating the extension of the funds lifetime VS a different cash call Transparency, trust and patience Assessing past cycles and patterns in fundraising to forecast recovery rates Asset allocation winning moves in uncertain times Paul Newsome – Executive Director, Head of Private Equity, Unigestion Philippe Roesch - Head of Private Equity Europe & Managing Director, Auda International Charles Soulignac – Managing Partner, Fondinvest Amanda Tonsgaard – Director, Capital Dynamics Pierre Etienne Lorenceau - Chief Executive Officer, Leaders League
16:45 - 17:00	CLOSING NOTE: Etienne Paresys - Head of Research, Preqin