Day One: Tuesday, May 11

7:00 – 8:30 am
Registration and Breakfast

8:30 – 8:35 am
Opening Remarks and Welcome
Haydée Celaya, Director, Private Equity & Investment Funds, International Finance Corporation

8:35 – 9:00 am
Welcome Address and Keynote Introduction
Lars Thunnell, Executive Vice President and CEO, International Finance Corporation

9:00 – 9:25 am
Keynote Address: Robustness and Fragility
Nassim Taleb, PhD, Distinguished Professor at New York University Polytechnic Institute and Principal at Universa Investments, Author of NYT bestseller, The Black Swan: The Impact of the Highly Improbable

9:25 – 10:10 am
Plenary Session: After the Dust Settles – What is the New Normal?

• What lessons have been learned from the global financial crisis? Is this a lull between bubbles or has the PE industry fundamentally changed?
• What structural issues must the global private equity industry address?
• What were the best opportunities during the crisis? Will anyone make money from crisis-era opportunities? What new opportunities emerged post-crisis
• How can global GPs bridge the gap?

Paul Fletcher, Senior Partner, Actis
Peter Marber, Global Head of Emerging Markets Fixed Income and Currencies, HSBC
Ed Mathias, Managing Director, The Carlyle Group
Graham Thomas, Managing Director, Standard Bank Private Equity
Moderator: Sarah Alexander, President & CEO, EMPEA

10:10 – 10:25 am
Networking Coffee Break

10:25 – 10:45 am
Keynote Address: Macroeconomic Overview
Simeon Djankov, Deputy Prime Minister and Minister of Finance of Bulgaria

10:45 – 11:30 am
Plenary Session: The 2010 Emerging Markets Private Equity Outlook - Views from the Frontline

• What has contributed to the resilience of the emerging markets PE model? Is there a new PE model?
• What does the EM competitive landscape look like? Opportunities, threats, changing structures?
• How did the downturn affect portfolio company performance? Which sectors have fared best?
• What structural constraints will hinder EM growth if not addressed? Within these constraints, how can EM PE continue to prove its case and put its best foot forward?
• How can investors mitigate risk and where are the best returns? How are GPs and LPs re-positioning
  themselves?

John Gnodde, Executive Director, Brait Private Equity
Ahmed Heikal, Chairman and Founder, Citadel Capital S.A.E.
James E. McGuigan, Private Equity Partner, Capital Internaonal Private Equity Funds (CIPEF)
David Pierce, CEO, Squadron Capital
Moderator: Prakash H. Mehta, Partner, Co-Head Investment Funds and Private Equity Practices, Akin Gump Strauss Hauer & Feld LLP

11:30 – 12:15 pm
Plenary Session: A 21st Century Challenge – Climate Change/Clean-Tech, A Discussion on the Ramifications of this Global Challenge

• Where does private equity figure in climate change?
• What does the climate change and clean-tech funds landscape look like in developed markets and EMs? What works in EMs?
• How can a fund manager spot these opportunities – are returns respectable?
• What should be an investor’s approach to clean-tech?

Headline Address: Sir David King, Director of the Smith School of Enterprise and the Environment and Former Chief Scientific Adviser to the UK Government
H. Jeffrey Leonard, President & Chief Executive Officer and Founding Partner, Global Environment Fund
Nicholas Parker, Executive Chairman and Co-Founder, Cleantech Group
Moderator: Rachel Kyte, Vice President, Business Advisory Services, International Finance Corporation

12:15 – 1:15 pm
Networking Lunch

1:15 – 2:15 pm
Plenary Session Debate: The Asian Century – Opportunities and Challenges

• Do China and India represent the best opportunies in Emerging Asia? Are valuations too high in the aftermath of the financial crisis?
• Where do other opportunities lie in the region and how much are their prospects linked to the stability and growth of these two powerhouse countries?
• What are the challenges in invesng in China and/or India, and do other Emerging Asia countries have similar or different obstacles?

Robert Petty, Managing Partner and Co-Founder, Clearwater Capital Partners
Jean Eric Salata, Founder and CEO, Baring Private Equity Partners Asia
Sanju Vaswani, Managing Partner, Verny Investments
Ashok Wadhwa, CEO & Managing Director, Ambit Corporate Finance Private Limited
John Zhao, CEO, Hony Capital
Moderator: David Wilton, Chief Investment Officer, Private Equity & Investment Funds International Finance Corporation

2:15 – 2:30 pm
Networking Coffee Break

2:30-4:45 pm Breakout Sessions

2:30 – 3:15 pm
BREAKOUT TRACK A – Marketing Your Fund to LPs

• What is the current state of fundraising post-crisis in the emerging markets?
• Which types of PE funds are being favored with the current constraints faced by LPs?
• How have the shifts in GP-LP relationships changed LP expectations of fund managers?
• Where can EM GPs improve their messaging and where do they most often fail to deliver on LP hot button issues?
• Who should EM GPs be marketng to and how has the LP landscape changed in 2010?
• In the near term, will the denominator effect connue to play a role in fundraising?

Marie-hélène Loison, Head of Private Equity, Proparco
Loren Boston, Managing Director, C.P. Eaton Partners, LLC
Idris Mohammed, Partner, Development Partners Internaonal
Moderator: Teresa Barger, Co-Founder and CEO/Chief Investment Officer, Cartica Capital

BREAKOUT TRACK B – Secondaries

• How has the secondaries industry evolved in light of the financial crisis?
• The current state of the market - in terms of deal volume, pricing and the competitve landscape, is it still a promising time for the secondaries industry? What is the future outlook?
• Does the secondaries industry adequately address LP liquidity needs?
• Where are the transactions taking place and how are they being priced?
• Have bid/ask spreads stabilized and tightened?
• What is the fundraising outlook for secondary firms?

Mark Alloway, Head, Financial Sector Business Development, International Finance Corporation
Christopher Mayo, Principal, Probitas Partners
Nik Morandi, Vice President, Pantheon Ventures, Inc.
Lucian Wu, Managing Director and the Head of the Asia Office, Paul Capital Partners
Moderator: Christopher Witkowsky, Editor, PEI

BREAKOUT TRACK C – Distressed Investing

• Have investors missed the boat on the distressed opportunity?
• Which emerging market regions present the best distressed investment thesis
• How to identify the appropriate distressed strategy?
• Are valuations reasonable? What do returns look like?

Philip Groves, Founding Partner , DAC Management LLC
Parham Poulladej, Managing Partner, CRG Partners
Mani A. Sadeghi, Managing Partner, Equifin Capital Partners
Anthony Stalker, Partner, ADM Capital
Moderator: Robert Petty, Managing Partner and Co-Founder, Clearwater Capital Partners

2:30– 4:45 pm BREAKOUT SESSIONS

3:15 – 4:00 pm
BREAKOUT TRACK A – Deal Structuring

•  Is deal structuring most relevant to risk mitigation or driving returns?
• What value can creative deal structuring add to an investment process?
• What key emerging market risks can investors proactively address through adept deal structuring?

Tom Barry, CEO, Zephyr Management, L.P.
Michael Calvey, Co-Managing Partner, Baring Vostok Capital Partners
Scott Foushee, Managing Director, Pinebridge Investments
Moderator: Peter O’Driscoll, Co-Head of Global Private Equity, Orrick, Herrington & Sutcliffe LLP

BREAKOUT TRACK B – Agribusiness

• What are the ins and outs of agribusiness/sector oriented investing?
• How should investors evaluate this sector in light of the food crisis?
• What in particular are emerging market sector-specific risks?
• Are farm assets or production agriculture viable opportunities?

Joseph Carvin, Partner, Altima Partners
Neil Crowder, CEO, Chayton Capital
Marcelo Marques Moreira, CEO, TIBA Agro
Avril Stassen, Investment Advisor, Agri-Vie
Moderator: Joachim Schumacher, First Vice President and Head of the Equity and Mezzanine Department, DEG

BREAKOUT TRACK C – Infrastructure

• Where is the demand for infrastructure growing most rapidly?
• Which emerging markets present the most favorable polical and regulatory regimes and overall investment environment for infrastructure investment?
• What kind of returns can an investor expect as a premium in the emerging markets for taking risks above those of the U.S. dometic market?

Sipho Makhubela, Investment Director, Harith Fund Managers
Victor Muñoz, Managing Director, Denham Capital
M.K. Sinha, President & CEO, IDFC Project Equity Company Limited
Moderator: David Creighton, President and CEO, Cordiant Capital

2:30 – 4:45 pm – BREAKOUT SESSIONS

4:00 – 4:45 pm
BREAKOUT TRACK A – SMEs

• What are the main challenge inherent to SME investing?
• What are the most feasible exit prospects? How are returns?
• What are the latest trends in SME finance?

Vishal Kapur, Principal & Investment Director, Managing Partner, Avigo Capital Partners
Tom Speechley, Executive Director, Board Member of Abraaj Capital, Member of the Abraaj Executive Committee, Abraaj Capital
Sev Vettivetpillai, CEO, Aureos Advisers Ltd
Moderator: Bert van der Vaart, Chairman, Small Enterprise Assistance Funds

BREAKOUT TRACK B – Venture Capital

• What are the three biggest post-crisis challenges in venture investing?
• What is the experience in emerging markets venture capital?
• What role has venture capital played in unlocking emerging markets’ potential?
• Innovation and Emerging markets – what are the conditions for innovation finance in EM?
• Which sectors present the best opportunities in VC investing in EM? What are sector-specific challenges and return drivers?

G. Steven Burrill, Chief Executive Officer, Burilll Ventures
Elizabeth A.E. Clarkson, Director, Draper Fisher Jurvetson
Aaron Gershenberg, Managing Partner, SVB Capital
Moderator: Nikunj Jinsi, Chief Investment Officer, Portafolio and Technology Division, International Finance Corporaon

BREAKOUT TRACK C – Terms and Conditions

• Has the private equity pendulum swung toward LP interests and if so, has this shift translated into better economic terms?
• How are non-financial terms being negotiated?
• How are key financial terms evolving?
• Is a one size fits all approach appropriate for EM PE terms and conditions

Barbara K. Day, Acting Vice President Investment Funds, Overseas Private Investment Corp
Gordon Myers, Principal Counsel and Team Leader, Technology and Private Equity Legal Department, IFC
Bruce Wolfson, General Counsel, The Rohatyn Group
Moderator: Mara Topping, Partner, White & Case LLP

4:45 – 5:00 pm
Networking Coffee Break

5:00 – 5:45 pm
Plenary Session: LP Perspectives

• How have GP-LP relationships shifted in midst of the post-crisis climate?
• What is the role of DFIs in the emerging markets private equity industry?How do they differ from other types of LPs?
• Have terms moved? Have expectations changed?
• Should we self regulate through individual deal structures or should there be a common framework?
• What are LPs’ current and long-term assessments of emerging markets PE

Jennifer Brooy, Vice President & Head of Equity, Export Development Canada
Daniel Green, Investment Director, Greenpark Capital Limited
Mu-Shin (Shin) Kim, Investment Specialist, Private Sector Operaons Department, Asian Development Bank
Maninder Saluja, Co-Head, of Emerging Markets Private Equity, Quilvest Group
Moderator: Roger Leeds, Chairman, EMPEA

5:45 – 7:30 pm
Cocktail Reception: Hosted by Abraaj Capital

Day Two: Wednesday, May 12

7:15 – 8:15 am
LPs-Only Bteakfast, Co-hosted by EMPEA and Institutional Limited Partners Association (ILPA) (by invitation only)

7:15 – 8:15 am
Registration and Breakfast

8:15 – 8:30 am
Welcome
Roger Leeds, Chairman, EMPEA

8:30 – 8:55 am
Keynote Address: Global Implications of the Financial Crisis
Robert Pozen, Chairman, MFS Investment Management

8:55 – 9:40 am
Plenary Session: The Framework for a Robust and Enduring EM PE Industry

• Has there been a shakeout of the industry?
• What alignment issues will be most challenging to address? Is alignment a sustainable concept?
• What regulatory changes are most likely to occur in the coming year? What will they mean for the industry?

Doug Lowenstein, Founding President, Private Equity Council
Luis Miranda, President & CEO, IDFC Private Equity
André Roux, CEO & Founding Partner, Ethos Private Equity
Simon Walker, CEO, BVCA
Moderator: Sarah Alexander, President & CEO, EMPEA

9:40 – 10:10 am
Keynote Address
Introduction by Haydée Celaya, Director, Private Equity & Investment Funds,
International Finance Corporation

Robert Zoellick, President, World Bank Group

10:10 – 10:40 am
Interview: PE Returns in the Emerging Markets: Reality vs. Wishful Thinking

• How do the emerging markets stack up to developed markets? What do the returns look like?
• Which emerging market regions have the best returns data and why?
• How valid is the EM PE benchmark, and how do prospecve investors perceive this benchmark?
•  How can this index become more robust? How can EM funds best report performance to prospective investors?

Interviewer: Dennis Berman, Deputy Bureau Chief, Wall Street Journal
Haydée Celaya, Director, Private Equity & Investment Funds, Internaonal Finance Corporation
Ralph Jaeger, Consultant, Cambridge Associates LLC
Andrea Kramer, Managing Director, Hamilton Lane

10:40 – 10:55 am
Networking Coffee Break

10:55 – 12:25 pm REGIONAL BREAKOUT SESSIONS

10:55 – 11:40 am
BREAKOUT TRACK A – Africa

• How does sub-Saharan Africa compare to other emerging markets? Is it still a favored investment destination?
• Exits – what are investors encountering in today’s market?
• How are investors maximizing returns? Can investors balance returns and quantifiable environmental and social benefits?
• Which post-conflict economies represent the greatest investment opportunities and how do LPs perceive the risk premium associated with these opportunities?

Kofi Bucknor, Managing Partner, Kingdom Zephyr Africa Management
Hurley Doddy, Co-CEO, Emerging Capital Partners (ECP)
Okey Enelamah, CEO, African Capital Alliance
Sven Soderblom, Portfolio Director, Southern Africa and Latin America, CDC Group Plc
Moderator: Carlos Perry, COO, EMPEA

BREAKOUT TRACK B – Emerging Europe

• What sectors and/or regions present the best opportunities for growth in the year ahead?
• Has Emerging Europe emerged or did the recent economic downturn reverse positive growth trends the region saw between 2003 and 2008?
• Will buyouts continue to remain a popular transation structure? What is the outlook for the venture capital industry in this region?
• Will strategic sales remain the primary exit route?

Stefanos Capsaskis, Principal, 7L Capital Partners
Anne Fossemalle, Director for Equity Funds, European Bank for Reconstrucon and Development
Janusz Heath, Managing Director, Capital Dynamics
Neil Milne, Managing Partner, Abris Capital Partners
Moderator: Henry Potter, Partner, Alpha Associates

BREAKOUT TRACK C – East Asia Pacific

• How do fundraising prospects fare in East Asia Pacific relave to its neighboring regions?
• How can investors best source deals and add value in these markets?
• Where are the exits?
• What regulatory challenges exist and how can investors mitigate this risk?

David Do, Managing Director, Vietnam Investments Group
Edan Lee, Managing Director, Olympus Capital Holdings Asia
Hanjaya Limanto, Managing Partner, Aureos South-East Asia Fund, Aureos Advisers Ltd
Xiaoyang Yu, Founding Partner, China New Enterprise Investment
Moderator: Pote Videt, Managing Director, Lombard Investments

BREAKOUT TRACK D – Frontier Markets

• What’s common with frontier markets? When is the best  time to enter these markets?
• Regional or country-specific funds: which strategy works best?
• What can frontier markets learn from more developed markets?
• What type of groundwork should domestic governments and international institutions provide?

Douglas Clayton, Chairman, Managing Partner, Chief Executive Officer, Leopard Capital
Khalid Quadir, CEO, Brummer & Partners Asset Management (Bangladesh) Ltd.
Dominic Scriven, Chief Execuve Officer, Dragon Capital
Moderator: Kemal Ahmed, Founder and Porolio Manager, Old Square Capital

10:55 – 12:25 pm REGIONAL BREAKOUT SESSIONS

11:40 – 12:25 pm
BREAKOUT TRACK A – MENA

• Has the rise in interest in North Africa amongst both Middle Eastern and pan-African firms coincided with an increase in private equity activity in the sub-region?
• Has the financial crisis impacted sovereign wealth funds’ ability to drive private sector investment?
• Are valuations more favorable than they were a year ago? Will the region’s vast reserves of dry powder finally be deployed? Where are the region’s best opportunities?
• Will Islamic financing boom in a post-financial crisis world that shuns excessive leverage or will Shari’ah-compliant private equity funds remain a niche strategy?

Safia Hachicha, Vice President, Investments, Swicorp
Omar Lodhi, Execuve Director, Abraaj Capital
Pinak Maitra, Chief Financial Officer, KIPCO Group
Moderator: Hany Assaad, Head of MENA Private Equity and Investment Funds,
International Finance Corporation

BREAKOUT TRACK B – South Asia

• Which sectors are most robust?
• What legal, regulatory and political challenges must be overcome?
• How do valuations compare in South Asia versus those in other emerging markets?
• Is structuring still an issue?
• What about exits?

Annat Jain, Managing Director, Acropolis
William Knight, Director, Greater China Corporaon; Partner, AHC & Partners Ltd. Chairman of EIH Plc and Director of Axis Private Equity
Sarath Naru, Managing Partner, VenturEast
Subbu Subramaniam, Managing Partner, M Cap Advisors
Moderator: Monish Dutt, Chief Credit Officer for Global Financial instuons & Private Equity Funds, IFC

BREAKOUT TRACK C – Turkey/Central Asia

• How has Turkey fared relative to other countries in the region in the economic crisis? Is the outlook bright?
• What macroeconomic fundamentals support investment in Turkey? How can Turkey attract investors and encourage the development of a strong, local LP base?
• Is Central Asia underpenetrated and do viable exit opportunies exist?
• Deal flow – where are the best opportunities and is the timing right? What is the fundraising outlook for the region?

Alisher Djumanov, Founder and CEO, Eurasia Capital Management
Memet Yazici, Head of Asset Management, RHEA Investments
Aygen Yayikoglu, Managing Partner, Crescent Capital
Moderator: Sanju Vaswani, Managing Partner, Verny Investments

BREAKOUT TRACK D – Russia

• Is the time to buy now? In tumultuous times, how can investors add value to portfolio companies?
• How can investors mitigate currency risks?
• Will tax exemptions on carried interest attract international PE firms?
• What is the fundraising outlook for Russian PE in 2010 and beyond? What are the unique investment issues that investors in Russia must consider?

Michael Katsnelson, Director, Quadriga Capital
Richard Sobel, CEO, Alfa Capital Partners
Konstantin Torgov, Operaon Leader, European Bank for Reconstruction and Development
Moderator: Cliff Kupchan, Director, Europe & Eurasia, Eurasia Group

12:25 – 12:45 pm
Networking Coffee Break

12:45 – 1:50 pm
Lunch – Details of EMPEA and Coller Capital’s LP Survey Results

Patricia Dinneen, Managing Director, Siguler Guff and Company, LLC.
Henry Potter, Partner, Alpha Associates
David Wilton, Chief Investment Officer, Internaonal Finance Corporaon
Moderator: Jennifer Choi, Director of Research, EMPEA

2:00 – 5:45 pm LATIN AMERICA & CARIBBEAN SEMINAR
Supported by LAVCA

2:00 – 2:05 pm
Welcome Remarks and Keynote Introduction

Haydée Celaya, Director, Private Equity & Investment Funds, International Finance Corporation

2:05 – 2:30 pm
Keynote Address

Luis M. Valdivieso, Ambassador Extraordinary and Plenipotentiary of Peru in the United States

2:30 – 3:15 pm
Plenary Session: The Caribbean – Outlook and Future of Caribbean PE

• Post crisis investing: what’s the state of the Caribbean economies? What challenges face the region?
• What role can private equity play in regional integraon? In the development of SMEs?
• What are the main barriers to investing?
• What’s the future of private equity in the Caribbean? Where are the opportunities?
• How to attract investments to the Caribbean?

Opening Comments: Michael Lee-Chin, Chairman, Portland Private Equity

Desmond Brunton, Vice President, Operaons, Caribbean Development Bank

Moderator: Eduardo Wallentin, Manager of Strategy & Coordination, Latin America & Caribbean, International Finance Corporation

3:15 – 4:00 pm
Plenary Session: Developments in LatAm PE and the Emergence of Local Institutional Investors

• How have local pension funds helped private equity investors in Brazil, Peru and Columbia mitigate declines associated with the economic crisis?
• What can other LAC regions learn by example?
• Will setbacks in Argentina adversely affect the regions as a whole?
• What additional changes need to be implemented to draw LP commitments from local institutions?

Laura Friedrich, Partner, Global Asset Management Group, Shearman & Sterling LLP
Mark Ramsey, President, Macquarie Capital Mexico & Executive Director, Macquarie Capital
Patricio Gomez Sabaini, Managing Partner, Sur Capital Partners
Christian Warnholtz, Partner, WAMEX Fondo MIF
Moderator: Cate Ambrose, President and Executive Director, LAVCA

4:00 – 4:15 pm
Networking Coffee Break

4:15 – 5:00 pm
Plenary Session: Latin America’s Commitment to Developing PE Industries – A Focus on Chile, Peru, Mexico and Colombia

• How can these countries disnguish themselves in the bid to attract foreign capital?
• What are the steps necessary to arrive at a suitable regulatory framework? Are these markets almost there and how will such changes affect fundraising and investment?
• What are the most viable exit options and how can investors structure deals to have the most flexibility
  with exits down the road?
• How are corporate governance standards in these countries relave to other emerging markets?
• Which sectors are defensive in these markets?

Joaquin Avila, Managing Director, EMX Capital
Diego Córdoba, Founder, Teka Capital, Inc.
Luis Harvey, Senior Managing Director, Nexxus Capital
J. Scott Swensen, Chairman, Conduit Capital, LLC
Moderator: Nadiya Satyamurthy, Research Associate, EMPEA

5:00 – 5:45 pm
Plenary Session: The Evolving Brazilian Private Equity Landscape

• Given all the attention Brazil is getting as an excellent investment destination, what does the dealflow look like for private equity?
• What are the challenges and opportunities in the market today?
• What does the exit environment look like?  Is the IPO market back?  
• How do you see the Brazilian private equity market evolving in the next 5 years?  Have return targets changed due to the global economic downturn?
• Perspective from different parts of the market:  general market; mid-capital growth; large buy-out.

Antonio Bonchristiano, Co-Chairman and Co-CEO, GP Investments
Sidney Chameh, Chairman of ABVCAP and Partner, DGF Investimentos
Claudio Furtado, Professor, Fundação Getúlio Vargas
Alvaro Goncalves, Managing Partner, Stratus Invesmentos
Moderator: Haydée Celaya, Director, Private Equity & Investment Funds,
International Finance Corporation

5:45 pm
Closing Remarks

5:45 – 7:00 pm
Cocktail Reception: Hosted by ABVCAP/ApexBrasil