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Clear the date May 14 on your calendar!

CLICK HERE now to register before it's too late!

Announcing An All-NEW MasterClass™

MasterClass™ On

Managing Relationships with Limited Partners

For Middle-Market PE & Mezz Firms

How to Keep Relationships With LPs Harmonious

Despite Recession, Credit Crunch,
Mark-to-Market, Capital Calls,
& Other Sources of Frustration, Anger,
Mud-Slinging -- & Divorce

Attendance Is Limited!
CLICK HERE to Register Now

CHAIRED BY

John R. Wolak, Managing Director
Morgan Stanley Alternative Investment Partners

Featuring 20 Expert Speakers Including --

  • Thomas A. Bradley, Pomona Capital LP
  • Robert D. Brown, Carlyle Group LLC
  • Daniel M. Cahill, Constitution Capital Partners LLC

  • Stephane Chevrier, AXA Private Equity USA
  • George J. Eberle, Park Hill Group LLC
  • David I. Fann, PCG Asset Management LLC
  • Lincoln E. Frank, Quad Partners LP
  • Gordon S. Hargraves, Rho Capital Partners Inc.
  • John K. Kim, Court Square Capital Partners

  • Kathleen Lacey, Edelman Public Relations Worldwide Inc.
  • Craig A. Marmer, Probitas Partners LP
  • Bill Murphy, Cogent Partners LP
  • Michael T. Pilson, DuPont Capital Management Inc.
  • Jean B. Reynolds, Morgan Stanley & Co. Inc.
  • Peter J. Shabecoff, Atlantic Street Capital Management LLC
  • Joseph A. Smith, Dewey & LeBoeuf LLP
  • Fabio Terlevich, Permit Capital LLC
  • Kathleen A. Walsh, Latham & Watkins LLP
  • David A. York, Paul Capital Investments LLC

Click Here to Register >>      Purchase Audio Package >>



 Visit Audio Library >>    Add to Outlook Calendar >>

FULL-DAY MASTERCLASS
Thursday, May 14, 2009
8:00 am - 4:45 pm
New York City

 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity,
 & Mezzanine Funds, As Well as Officers & Directors of Their Portfolio Companies, Independent Sponsors, and  Investment Bankers, Lenders, Industry Executives, Lawyers, & Other Advisors Who Work With Them

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package

If there’s ever a time to expect rough patches in your relationships with your LPs, it’s today. The recession and credit crunch are producing unimagined levels of frustration as liquidity dries up, valuations plummet, and tempers flare.

As a GP, fingers in all directions are pointing at you.

You know you can’t sugarcoat bad news. But you can deal with it in ways that preserve your good relationships with LPs. It’s vital that you do, because often just a few well-chosen words can save you thousands of dollars on legal fees -- or millions of dollars in lost LP commitments.

What’s more, your LPs are expecting you to be more flexible than ever before on such touchy issues as terms, draw downs, and secondary transfers. They’ve read about the concessions large fund managers such as TPG and Carlyle are making — from scaling back commitments to cutting management fees — so they’re not going to be shy about making similar demands.

Chances are you’ll be living with your LPs for years to come, and managing your relationship has never been so important. That’s why The Capital Roundtable is pleased to present a NEW full-day MasterClass™ on investor relations and communication that lays out the hard facts about these “softer” issues:

How To Keep Relationships With LPs Harmonious

Despite Recession, Credit Crunch, Mark-to-Market, Capital Calls,

& Other Causes of Frustration, Anger, Mud-Slinging — & Divorce

On May 14 in New York, we’ll reveal the techniques and tactics that can help you keep your LPs in the loop and on your sidekeep a two-way flow of information going … and keep problem situations from turning into major litigation.

No PE industry expert is better suited to talk about the GP-LP relationship than our chair, John Wolak, managing director of Morgan Stanley Alternative Investment Partners. Responsible for Morgan Stanley’s funds of funds operations, John is visited by hundreds of managers every year and knows first-hand what issues and concerns are on everybody’s minds. He previously managed portfolios including partnership, secondary and direct investments, and is both a Chartered Financial Analyst and a Certified Public Accountant.

What’s more, we can even help you keep a few extra dollars in your pocket. By signing up now, you can receive a $400 Early Bird Discount!

 

You’re All In This Together.


In this post-Madoff world, the balance of power has squarely shifted in your LPs favor — and they know it. As a matter of fact, some LPs are even going around their GPs and establishing direct contact with portfolio company managers to get the fundamentals first-hand. (Would you know if yours did so?) Bottom line: the impact of FASB 157 means LPs are not going to wait to get the information they want.

Yet while LPs are concerned over transparency, they’re even more worried about liquidity. If drawdowns are a problem or default is on the table, you need to know how to proceed and what solutions others have adopted. If they’re forced to find a secondary buyer, what are your options and how can you protect your own interests?

This full-day MasterClass on Thursday, May 14, 2009 is all about practical strategies to ease your day to day operations, produce a more reliable cash flow, and better position you to raise capital for tomorrow’s follow-on fund.

You’ll learn what communication strategies promote greater confidence among your LPs and help you differentiate yourself from your peers. And you’ll discover how to deliver bad news without jeopardizing the likelihood of re-ups when the market rebounds.

Bringing you the definitive word on PE’s most timely topics is what The Capital Roundtable’s MasterClasses are all about. We’re America’s leading conference organization for the private equity community, and our mission is to help you succeed no matter what the f inancial landscape.

20 Leading Industry Experts From Both Sides Of The Fence.

 

This MasterClass will feature John Wolak’s current perspective plus insights from 20 prominent GPs, LPs and other PE industry specialists who focus on communications strategies. You’ll discover what unique problems are exacerbated by the recession, and how GPs and LPs are finding workable solutions. You’ll explore your next steps when a capital call can’t be met … when a secondary sale looms … when a changing of the guard triggers a key man clause. And you’ll find out how funds are reaching out to LPs at times other than scheduled reports and fundraisings.

Attending this full-day MasterClass is a must for everyone who understands that the better you communicate, the better your chances of prospering in these tough conditions. You’ll benefit from such relevant answers as:

  • How should GPs deal with LPs who can’t meet their capital calls?
  • When is legal action justified? What alternative resolution pathways have traction?
  • How are GPs handling LP requests for drawdown schedules?
  • Why do fund managers need to ramp up their financial reporting to LPs?
  • What are the good, and not-so-good, ways to deliver negative news to investors?
  • What due diligence and investigations are advisory boards conducting on their own?
  • What are today’s best practices for annual meetings? For quarterly reports?
  • What are GPs allowed to do to direct secondary sales toward buyers you prefer?
  • What changes are often being made in terms and conditions?
  • And much, much more.

NEW MasterClasses Typically Sell Out, And This Is No Exception.

Now’s the time to make your plans to attend this MasterClass, because we expect this to be a popular topic and seating is limited. And please don’t forget that one of the prime benefits of attendance is the excellent networking opportunity we provide. You’ll have plenty of time to share ideas and build relationships with both fellow attendees and our featured speakers between panels and over lunch.

You should attend this MasterClass if you are a:

  • General partner with LPs who are selling, stressed, smarting, or all three.
  • General partner looking to improve the odds of raising future capital.
  • Limited partner who wants more information and assistance from your GP.
  • Fund of funds manager who wants to boost productivity and results.
  • PE communications professional who wants to improve information flow to investors.
  • Attorney who represents GPs or LPs.
  • Executive search professionals recruiting for the media and/or PE industries.

Remember, register with our Early Bird Discount by March 6, 2009 and you’ll save $400 off our regular fee! So make your reservation now while space is still available. We’ll be looking forward to greeting you.

For more information, please feel free to contact Dana DeMattia at 212/832-7333 ext. 102 or ddemattia@capitalroundtable.com.

This program 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 25 annual MasterClasses and other events and programs, please visit www.capitalroundtable.com.

The Capital Roundtable thanks Dewey & LeBoeuf and Latham & Watkins for sponsoring this outstanding conference.  It’s due in great part to their support and collaboration that we have the resources to make this event so worthwhile for you.

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Faculty

 Chaired By

  • John R. Wolak, Managing Director, Morgan Stanley Alternative Investment Partners

 Hosted By

  • Burt Alimansky, Managing Partner, Alimansky & Bethell Group, and Chairman, The Capital Roundtable

 Speakers            

  • Thomas A. Bradley, Partner, Pomona Capital LP
  • Robert D. Brown, Managing Director, Carlyle Group LLC
  • Daniel M. Cahill, Managing Partner, Constitution Capital Partners LLC
  • Stephane Chevrier, Managing Director, AXA Private Equity USA
  • George J. Eberle, Managing Principal, Park Hill Group LLC
  • David I. Fann, President & CEO, PCG Asset Management LLC
  • Lincoln E. Frank, Managing Partner, Quad Partners LP
  • Gordon S. Hargraves, Partner, Rho Capital Partners Inc.
  • John K. Kim, Partner, Court Square Capital Partners
  • Kathleen Lacey, Executive Vice President, Edelman Public Relations Worldwide Inc.
  • Craig A. Marmer, Partner, Probitas Partners LP
  • Bill Murphy, Managing Director, Cogent Partners LP
  • Michael T. Pilson, Director, DuPont Capital Management Inc.
  • Jean B. Reynolds, Vice President, Morgan Stanley & Co. Inc.
  • Peter J. Shabecoff, Managing Director, Atlantic Street Capital Management LLC
  • Joseph A. Smith, Partner, Dewey & LeBoeuf LLP
  • Fabio Terlevich, Partner, Permit Capital LLC
  • Kathleen A. Walsh, Partner, Latham & Watkins LLP
  • David A. York, CEO & Managing Director, Paul Capital Investments LLC

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Schedule

MasterClass
07:30 - 08:30 08:30 - 09:00

09:00 - 09:45


09:45 - 10:30


10:30 - 11:00
11:00 - 12:15



12:15 - 01:15
01:15 - 02:15



02:15 - 03:15



03:15 - 03:30
03:30 - 04:30




04:45

  

Thursday, May 14, 2009

Registration, Networking, & Continental Breakfast

Welcoming Remarks & Audience Introductions

First Keynote -- David I. Fann, President & CEO, PCG Asset Management LLC -- Trends in PE Investor Relations & Crisis Communications

Chairman’s Keynote -- The New Awkward Dynamic between LPs & GPs -- John R. Wolak, Managing Director, Morgan Stanley Alternative Investments Partners
Coffee & Networking Break

First Panel -- “How We Like to Be Cared For & Fed -- Perspectives From Four Leading Institutional Limited Partners & An Attorney” (This panel features four institutional LPs who invest in different sizes & types of funds, plus an attorney & the moderator.)

Luncheon & Networking
Second Panel -- “How We Do It, What We’ve Learned -- Perspectives from Four Leading General Partners”

(This panel features GPs from different sizes & types of funds, plus the moderator.)

Third Panel -- “What We Recommend to Our Clients --

Perspectives from Agents, Advisors, & Consultants”

(This panel features a placement agent, an investor relations consultant, an attorney, & a limited partner, plus the moderator.)

Coffee & Networking Break

Fourth Panel -- “How to Live with the Managers of Secondary Funds,

Perspectives about the Step-Parents of the PE World”

(This panel features two managers of secondary funds, an investment banker who represents sellers of secondary interests, & a consultant to LPs, plus the moderator.)

Adjournment

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Registration

  • Early Bird Registration Fee -- and save $400 off the regular fee! Register by Friday, March 6, and the fee for the MasterClass is $1495.
  • Premiere Registration Fee -- and save $200 off the regular fee! Register by Friday, April 10, and the fee for the MasterClass is $1695.
  • After that, the regular registration fee is $1895 for the MasterClass.
  • At the door, if space is available, the fee is $1995 for the MasterClass.
  • Special group rates -- The Capital Roundtable offers a special rate for 3 or more people from your firm.  For more info, please contact Samantha Feldman sfeldman@capitalroundtable.com or 212/832-7333 ext 112.

Click Here to Register >>     Purchase Audio Package >>

 Visit Audio Library >>        Add to Outlook Calendar >>


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, May 7, at 5:00pm, 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 Samantha Feldman at 212/832-7333 ext. 112 or sfeldman@capitalroundtable.com.

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Location

University Club

1 West 54th Street

New York, NY 10019

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Audio Package

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.

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Sponsorship

The Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community. For more details, contact Arlene West at 212/832-0800 or by email at awest@capitalroundtable.com.

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