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Clear the date July 23 on your calendar!

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

  

 Another All-NEW Annual MasterClass

 For Middle-Market PE, VC, Mezz,

& Secondary GPs & LPs

               How to Benefit

In 2009’s
Secondary Marketplace

Who the Sellers & Buyers Are,

What They’re Waiting for,

& What Their Tipping Point Will Be

Attendance Is Limited!
CLICK HERE to Register Now

CHAIRED BY

Brett A. Gordon

Managing Director

HarbourVest Partners LLC

 

Featuring 20 Expert Speakers Including --

  • Laurence G. Allen, NYPPEX LLC
  • A. Jay Baldwin, Credit Suisse Strategic Partners
  • Jeffrey C. Bollerman, SecondMarket Inc.
  • Barrett N. Bruce, SunTx Capital Partners
  • Andrew Caspersen, Coller Capital Inc.
  • Jonathan L. Costello, Morgan Stanley Alternative Investment Partners
  • Neal Costello, AlpInvest Partners Inc.
  • Nigel E. Dawn, UBS Investment Bank
  • Mark L. Epstein, Tailwind Management LP
  • Ethan Falkove, Neuberger Berman Group LLC
  • Holcombe T. Green, Lazard Frères & Co. LLC
  • Joseph T. Healey, Sextant Search Partners Inc.
  • John K. Kim, Court Square Capital Partners
  • Christopher F. Mayo, Probitas Partners LP
  • Jerrold M. Newman, Willowridge Partners Inc.
  • Mark O’Hare, Preqin Ltd.
  • Fadi G. Samman, Akin Gump Strauss Hauer & Feld LLP
  • David S. Wachter, W Capital Partners
  • Wilson S. Warren, Lexington Partners Inc.
  • David S. Waxman, Azla Advisors

Click Here to Register >>   Purchase Audio Package >>


 Visit Audio Library >>    Add to Outlook Calendar >>

FULL-DAY MASTERCLASS

Thursday, July 23, 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 |

You’ve seen the headlines on how deal flow in the secondary sector is expanding, how endowments and pensions and trusts are looking to contract their portfolios -- even how some middle-market primary investors are wanting to cash-out some holdings to gain more liquidity. 

 

But yet, buyers are holding back, foreseeing an even greater supply of product down the road.  In fact, they’re raising ever-larger funds in anticipation of deeper discounts still to come as the recession’s pain deepens.

 

And sellers are feeling frustrated, being confronted with buyers who aren’t active.  As a result, they’re staying out of the market rather than selling at what they say are unjustifiably low prices.

 

But things are going to change -- the tipping point is coming.

 

That’s why you should click here now to register for The Capital Roundtable’s NEW full-day MasterClass™ on the PE secondary market -- what’s happening “today” -- and why “tomorrow” is going to introduce a new age for the secondary marketplace. 

 

It’s titled --

How to Benefit in 2009’s Secondary Marketplace --

Who the Sellers & Buyers Are, What They’re Waiting For,

& What Their Tipping  Point Will Be

 

So if you’re a secondary seller, or a secondary buyer -- or plan to be -- or even could be -- please register now.    

 

In a nutshell, here’s why things will change.  From the buyers’ perspective, as the economy rebounds, there’s going to be less uncertainty about the performance of a secondary portfolio’s underlying companies -- which will mean higher pricing offers. Yet at the same time, a rebound means that the primary funds are going to need to make capital calls -- before they can make distributions to their investors -- thereby creating even more liquidity pressure for the sellers.  And of course, more and more assets will be hitting the market. 

 

But remember, there are silver linings in all this too.  Secondary buyers who move at the right time are going to have the best opportunities in history to purchase assets at attractive prices.  And GPs who are involved in secondary transfers can use the opportunity to better manage their portfolios, and even to build long-term relationships with secondary investors for raising future funds.

 

However, it’s not a simple matter to find out how the art is practiced not to mention who’s buying, who’s selling, and at what price.  Most secondary deals are under-the-radar and not easily tracked.

 

So on July 23 in New York City, we’ll be reviewing everything buyers and sellers need to know to reach common ground in a volatile market.  You’ll discover how secondaries can help investors --

 

  • enhance their portfolios’ internal rates of return …  
  • add backwards diversification to concentrated PE portfolios  …
  • or help jumpstart new portfolios through accelerated capital deployment.

To benefit from this opportunity click here now to register.  And please note that you have another good reason to sign up today.  You can receive a $300 Early Bird Discount!

 

Take A New Look.

 

PE investors who seldom if ever entered the secondary marketplace are now approaching it with conviction. Endowments such as Harvard, Duke, and Columbia who were once viewed as being invulnerable to liquidity problems have become prospective sellers.  And pension funds that would only deal in the primary marketplace are now bidding on secondaries.

 

The fact is, even PE investors who consistently access and select upper-quartile primary investments could enhance their portfolio’s internal rates of return with a secondary allocation. But with all the uncertainty in the market, how do you take the first step?

 

This full-day MasterClass on Thursday, July 23, 2009 will explain the factors working in your favor, the factors working against you, and what strategies other investors are using to bridge the gap. You’ll discover how to approach transactions in the face of a marked supply-demand imbalance. And you’ll learn when time is on your side and when delay is going to be costly.

 

We’re pleased to have as our chair, Brett Gordon, a Boston-based managing director of HarbourVest Partners.  Brett is one of the leaders of the secondary team at HarbourVest, one of the world’s top secondaries firms. 

 

And as thousands of private equity managers can vouch, The Capital Roundtable leads the conference community for showcasing the timeliest topics exactly when you can put the information to your best advantage. We’re America’s leading conference organization for the private equity community, and our mission is to help you succeed no matter what the financial landscape.

 

20 Leading Industry Experts from the Buy Side & the Sell Side.

 

Along with Brett, this MasterClass will feature insights from 20 prominent investors, intermediaries, and PE industry specialists who have both feet firmly planted in today’s secondaries marketplace. Each of our four panel presentations will focus on a different piece of the secondary transaction process, and together will give you a complete picture of the issues that affect your reward potential.

 

Attending this full-day MasterClass will give you the knowledge to approach your next secondary transaction more confidently -- even if it’s your very first. You’ll benefit from revealing and relevant answers to these questions and more --

  • What is the current state of the secondary market and where are we heading?
  • How selective are today’s buyers, and is their caution justified?
  • What are the biggest mistakes that sellers are making today?
  • Why are fund of funds managers looking at buying earlier stage LP interests?
  • What roles are GPs playing in direct secondary sales toward preferred buyers?
  • Are individual investors trying to exit feeder funds, and how can you benefit?
  • Should you be paying attention to the 2% publicly-traded partnership rule … or not?
  • What is the prospect for online secondary exchanges, and is anyone participating?
  • And much, much more…

Act Fast, Because NEW MasterClasses Typically Sell Out.

 

We know this is a popular and highly anticipated topic, so the sooner you can make your attendance plans, the better.  Seating is limited, and we wouldn’t want you to miss this event -- or the excellent networking opportunity it provides. You’ll be able to build relationships, share ideas, and compare strategies with both fellow attendees and our featured speakers between panels and over lunch.

 

For details and to register, please click on this link -- Secondaries MasterClass.

You should attend this MasterClass if you are a --

  • General partner with secondary interests about to change hands.
  • Limited partner looking to purchase assets at substantial discount to NAV.
  • Fund of funds manager who wants to buy existing fund assets for less.
  • Agent working with secondaries buyers or sellers.
  • Attorney or accountant who represents GPs or LPs.
  • Executive search professional recruiting for the PE industry.

 

Remember, register with our Early Bird Discount by July 10, 2009 and you’ll save $300 off our standard 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 Heather Sote at 212/832-7333 ext. 111 or hsote@capitalroundtable.com.

This MasterClass 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 Akin Gump, Sextant Search Partners Inc. and SecondMarkets Inc. for sponsoring this outstanding event. 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

  • Brett A. Gordon, Managing Director, HarbourVest Partners LLC

Hosted By

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

Speakers

  • Laurence G. Allen, Managing Member, NYPPEX LLC
  • A. Jay Baldwin, Managing Director, Credit Suisse Strategic Partners
  • Jeffrey C. Bollerman, Director, SecondMarket Inc.
  • Barrett N. Bruce, V.P.--Legal, SunTx Capital Partners
  • Andrew Caspersen, Principal, Coller Capital Inc.
  • Jonathan L. Costello, Executive Director, Morgan Stanley AIP
  • Neal Costello, Investment Manager, AlpInvest Partners Inc.
  • Nigel E. Dawn, Managing Director, UBS Investment Bank
  • Mark L. Epstein, Chief Financial Officer, Tailwind Management LP
  • Ethan Falkove, Managing Director, Neuberger Berman Group LLC
  • Holcombe T. Green, Managing Director, Lazard Frères & Co. LLC
  • Joseph T. Healey, Partner, Sextant Search Partners Inc.
  • John K. Kim, Partner, Court Square Capital Partners
  • Christopher F. Mayo, Principal, Probitas Partners LP
  • Jerrold M. Newman, President, Willowridge Partners Inc.
  • Mark O’Hare, Managing Director, Preqin Ltd.
  • Fadi G. Samman, Partner, Akin Gump Strauss Hauer & Feld LLP
  • David S. Wachter, Managing Director, W Capital Partners
  • Wilson S. Warren, Partner, Lexington Partners Inc.
  • David S. Waxman, Managing Director, Azla Advisors

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Schedule

MasterClass
07:30 - 08:15
08:15 - 08:45
08:45 - 09:45

09:45 - 10:30


10:30 - 11:00

11:00 - 12:15




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



02:15 - 02:30

02:30 - 03:30



03:30 - 04:30



04:45

  

Thursday, July 23, 2009
Registration, Networking, & Continental Breakfast
Welcoming Remarks & Audience Introductions
Introductory Keynote -- Bird’s-Eye Overview

Chairman’s Keynote -- In-the-Trenches Perspective -- Brett A. Gordon, Managing Director, HarbourVest Partners LLC
Coffee & Networking Break

First Panel -- Five Secondary Buyers Discuss What They’re Looking For -- What Their Decision Making Process Looks Like(This panel features investors from five funds who invest in different sizes & types of secondaries, plus the moderator.)

Luncheon & Networking

Second Panel -- Four Sellers Report Lessons They Learned When They Sold Interests to Secondary Buyers (This panel features four different sellers, plus the moderator.)

Coffee & Networking Break

Third Panel -- Four Professionals Discuss Trends in Terms & Conditions Given the Uncertain Economy(This panel features four professionals -- a lawyer, a fund CFO, a fund investor relations manager, & a gatekeeper, plus the moderator.)

Fourth Panel -- Four Prominent Intermediaries Explain the Do’s & Don’ts of How You Should Go to Market(This panel features four intermediaries who work with different sizes & types of clients, plus the moderator.)

Adjournment

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Registration

  • Early Bird Registration Fee -- and save $300 off the standard fee! Register by Friday, July 10, and the fee for the MasterClass is $995.
  • After that, the standard registration fee is $1295 for the MasterClass.
  • At the door, if space is available, the fee is $1395 for the MasterClass.
  • Special group rates -- The Capital Roundtable offers a special 25% discount for 2 or more people.  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, July 16, 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 by email at 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, please contact Arlene West at 212/832-0800 or by email at awest@capitalroundtable.com.

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