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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
Who the Sellers & Buyers Are,
What They’re Waiting for,
& What Their Tipping Point Will Be
Attendance Is Limited!
Brett A. Gordon
HarbourVest Partners LLC
Featuring 20 Expert Speakers Including --
Thursday, July 23, 2009
8:00 am – 4:45 pm
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 --
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 --
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 --
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 firstname.lastname@example.org.
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.
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.)
Have a special question? Please contact Samantha Feldman at 212/832-7333 ext.112 or by email at email@example.com.
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New York, NY 10019
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.
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 firstname.lastname@example.org.
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