|Join Our Mailing List | Audio Packages | Contact Us | Our Homepage|
Partial List of
Clear the date September 11 on your calendar!
CLICK HERE now to register before it's too late!
Attention -- Middle-Market Private Equity,
BDC, & Mezzanine Investors & Lenders
Best Practices for Overseeing
PE Portfolio Companies
Generating Alpha --
15 Operating Partners Share How
They Drive Value Creation
James M. Howland, Managing Director & Operating Partner
Morgan Stanley Private Equity
Dorsey & Whitney LLP
The Parthenon Group
Thursday, September 11, 2014
8:00 am – 5:00 pm
New York City
Featuring 20 Expert Speakers
Jay N. Bartlett, The Parthenon Group
Thomas A. Bickes, EmployBridge
Steven Brody, Cerberus Operations & Advisory Co. LLC
Julie Casella-Esposito, CCMP Capital Advisors LLC
Lee Dranikoff, American Securities Resources Group
John M. Dupuy, Z Capital Partners LLC
Cory A. Eaves, General Atlantic LLC
Anthony F. Ecock, Welsh Carson Anderson & Stowe
Pierre Gatta, Silver Lake Partners LP
Doron D. Grosman, Court Square Capital Partners LP
Michael E. Kohlsdorf, Francisco Partners
David McVeigh, Hellman & Friedman LLC
Thomas C. Nolan, Berkshire Partners LLC
Simon T. Roberts, Harvest Partners LP
E. Eric Rytter, Dorsey & Whitney LLP
Andres Saenz, The Parthenon Group
Fred Smagorinsky, Arctic Glacier Holdings Inc.
Christopher A. Springer, Alliance Holdings Inc.
Jill Wight, Goldman Sachs Group Inc.
Bert Winemiller, JMI Equity
Achi Yaffe, Lee Equity Partners LLC
Additional speakers to be announced
Designed to Meet the Needs of Operating Partners, GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, BDC, & Lending Funds,
as Well as Independent Sponsors, Portfolio Company Executives, and the Bankers, Lawyers, Accountants, & Other Advisors Who Support Them
With an estimated 500 operating partners now on board in America’s 2,700 PE firms, the OP role has certainly become mainstream. But it’s far from being formalized.
OPs’ backgrounds, roles, stature, and compensation structures differ markedly from fund to fund -- and are evolving rapidly.
Of course, core to the operating partners’ role is “generating alpha”, i.e., driving value creation in portfolio companies.
But the approaches and best practices for creating value vary. And the OP role itself is expanding beyond just portfolio management into more classic deal partner roles (e.g., due diligence, exit planning) and even into the critical fundraising role as LPs insist on hearing first-hand how value is being created.
That said, there are very few ways for OPs to compare notes with their counterparts. Most live on “virtual islands” as the sole OP or one of a select few OPs within their PE firms. All are eager for more information on how their duties, career paths, approaches, and impact compare with compatriots’ at other firms, and what tools and learnings they can draw from each other's experience.
That’s why if you’re an operating partner -- or work with them -- you belong at “Best Practices for Overseeing PE Portfolio Companies” -- being held in New York City on Thursday, September 11th.
Register Now for this must-attend event. Consider it the de facto industry conference that brings operating partners together to share solutions and discuss the day’s most timely issues.
Fifteen of our 22 speakers are active operating partners -- joining us from the trenches with their sleeves rolled up. So you’ll hear lots of examples of do’s and don’ts -- and zero presentations by vendors of software and special services.
Our presenters have different backgrounds -- some have been CEOs or division heads while others have consulting backgrounds -- now as OPs they complement their firms’ deal partners by bringing hands-on experience in building strong relationships with management teams and in partnering with them in driving performance improvement.
PE Returns Depend on Effectively Partnering with Management
That’s extremely important, since private equity firms can no longer count on financial engineering or simply buying low/selling high to drive PE-level returns, but increasingly must succeed in working effectively with management to drive value creation and making operating improvements during their hold-periods.
Driving value creation has become the key to PE firms’ success -- and the reason for the dramatic growth in operating partners industry wide. Partnering with management in shaping strategy, fueling top line growth, extracting cost savings, strengthening organizational capabilities, and executing and effectively integrating value-enhancing acquisitions are all core responsibilities for operating partners. But these days, this list of OPs’ activities is not the total story, they say.
Consider -- with capital in abundance, and quality deals in short supply, PE firms must differentiate themselves through their abilities to “generate alpha”. Operating partners are prized for being able to add value where others can’t -- giving their firms’ managing partners the confidence that they are the “better owner” when going into a deal, and the conviction to pay a fuller price that still yields attractive returns.
Today’s OPs Play Key Roles in Due Diligence & Fundraising
But even before they start driving value creation, operating partners are being asked more and more to play a key role in due diligence --
In addition to due diligence, operating partners are also increasingly tasked with supporting successful fundraising. LPs are frequently asking to meet with the operating partners in a firm, as they seek to understand the fund’s strategy and capabilities to create value.
And they’re not satisfied with high level strategy, but are asking to review detailed case studies of how PE firms have created value, to what extent this success is repeatable, and the capabilities that OPs have brought to the PE fund.
Core of the OPs’ Role Is Value Creation
So the operating partner role is evolving. Still at the core of this role is overseeing portfolio companies in driving value creation through --
Six Important Reasons to Attend
Here are just 6 important reasons you should attend this encore conference, “Best Practices for Overseeing P.E. Portfolio Companies,” being held in New York City on Thursday, September 11th --
James M. Howland of Morgan Stanley to Chair
To serve as chair of this encore conference, we’re pleased to welcome Jim Howland, managing director at Morgan Stanley & Co., and an operating partner in Morgan Stanley Private Equity.
Jim joined Morgan Stanley in 2008 after serving as president of Dun & Bradstreet’s International Business. He has been the CEO of two high growth businesses -- Edison Schools Educational Services Group and Regus Business Centers -- Americas.
Earlier in his career, Jim held a number of senior line positions at American Express, including serving as president of its International Merchant Services business based out of London. In that capacity, Jim was responsible for the four million merchants that accepted the American Express Card outside the United States. Prior to joining American Express, Jim held a senior role with McKinsey & Co. in its financial services practice.
Jim is chairman of EmployBridge, Access Cash, and Reach Out Healthcare America, former chairman and interim CEO of Learning Care Group, and former director of Zenith. He holds a BA, magna cum laude, from Bucknell University, and an MBA from Stanford Business School.
Register Now to Hear 15 Operating Partners’ Strategies
This conference on September 11th will bring you three panel discussions, a pair of conversations on focused operational topics, and two keynotes. The 22 speakers -- including 15 operating partners -- will share their current perspectives, lessons learned, and industry outlooks, plus specific insights on managing current portfolio companies.
By attending this Capital Roundtable conference, you’ll be confident that you have the tools and techniques to give your firm a competitive advantage. We’ll answer such questions as --
Register Now to Reap Valuable Contacts Through Our Networking Opportunities
The day’s agenda includes ample time to let you --
Register Now To Receive Our Early Bird Rate
You will benefit from a generous savings of $400 off our regular price by making your reservations for this conference before July 18, 2014.
Keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Joanna Russell today to confirm your attendance at 212-832-7300 ext. 0 or firstname.lastname@example.org.
We look forward to having you join us on September 11th.
This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community. For more information about The Capital Roundtable’s 30 annual conferences and other events and programs, please visit www.capitalroundtable.com.
SPEAKING & MARKETING & BUSINESS DEVELOPMENT OPPORTUNITIES
We offer excellent speaking and marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Mara Kane or Claire Notton at 212-832-7300 or by email at email@example.com or firstname.lastname@example.org.
You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.
If the program is oversubscribed, we will notify you immediately and not charge your credit card. (If you need to cancel, please do so by Thursday, September 4 at 5:00 p.m. and we will credit you for a future MasterClass.)
From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change. We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.
Have a special question? Please contact Joanna Russell email@example.com or 212-832-7300 ext 0.
New York Athletic Club
180 Central Park South
New York City
Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.
We limit speaking opportunities at this conference, mostly to OPs, LPs, and portfolio CEOs. But we offer excellent business development opportunities to vendors and providers of professional services through “Exhibiting Sponsorships.” For more details, please contact Claire Notton at 212-832-7300 ext.117, or by email at firstname.lastname@example.org.
Change Your Mailing Preferences
To change your name or email address, or to select the mailings you wish to receive from us, go to our mailing preferences page.
To unsubscribe from our mailings, go to our unsubscribe page. You may also unsubscribe by replying to this email and putting unsubscribe in the subject line or by writing to us at: Capital Roundtable, 12 East 44th Street, Penthouse, New York, NY 10017.
You are subscribed as [EMAIL]
No part of this text may be reproduced or otherwise published without the express written consent of The Capital Roundtable.
©2010New York Business Roundtable Inc. All Rights Reserved.