event-12th-annual-global-private-equity-conference-in-association-with-empea.pdf

Dear Conference Participant, Welcome to IFC's 12th Annual Global Private Equity Conference in association with the EmergingMarkets Private Equity Association (EMPEA). You have joined the largest and most comprehensive gathering across the globe of practitioners active in emerging markets private equity. We convene at an exciting time for emerging markets private equity. As we put what was undoubtedly one of the most challenging years for the asset class behind us, 2010 promises to mark the start of an industry rebound. Demonstrating considerable resilience during the financial crisis, emerging markets weathered the storm better than developed markets, and many are in fact leading the global recovery. According to the latest EMPEA/Coller Capital Emerging Markets Private Equity Survey, emerging markets are poised to gain a greater share of private equity commitments in the near-term as investors seek high-growth markets and believe that the performance of their emerging markets investments will significantly trump their exposure to developed markets. These perceptions illustrate just how far the industry has advanced in the past decade and highlight the new investment opportunities that these markets continue to cultivate. During the industry’s leading global conference, renowned experts and leading EM PE professionals will share their experiences and opinions on Returning to Growth: Private Equity in Emerging Markets.We will examine emerging market opportunities in this new financial world order and identify which markets and sectors present the most compelling investment thesis and merit increased focus, as well as explain how investors can best position themselves to maximize returns. We have a fascinating program with several prominent thought-leaders and authors as keynote speakers and numerous in-depth panel and breakout sessions to delve into issues on top of mind for private equity investors as the emerging markets lead global growth and recovery. Within this theme, we are delighted to devote an entire afternoon seminar to private equity investing in Latin America and the Caribbean, a region with its own set of unique challenges, yet brimming with significant opportunity. We are delighted to see so many of you returning to this event, as well as so many new faces joining us for the first time. We hope, as always, that you are able to spend time with old colleagues and make new professional ties, and we can continue to raise interest in and knowledge of private equity in emerging markets. Thank you for your participation, and enjoy the conference! Haydée Celaya Sarah Alexander Director President & CEO Private Equity and Investment Funds Department, IFC EMPEA

Dear Conference Participant, Welcome to the IFC's 12th Annual Global Private Equity Conference in association with the EmergingMarkets Private Equity Association (EMPEA). You have joined the largest and most comprehensive gathering across the globe of practitioners active in emerging markets private equity. We convene at an exciting time for emerging markets private equity. As we put what was undoubtedly one of the most challenging years for the asset class behind us, 2010 promises to mark the start of an industry rebound. Demonstrating considerable resilience during the financial crisis, emerging markets weathered the storm better than developed markets, and many are in fact leading the global recovery. According to the latest EMPEA/Coller Capital Emerging Markets Private Equity Survey, emerging markets are poised to gain a greater share of private equity commitments in the near-term as investors seek high-growth markets and believe that the performance of their emerging markets investments will significantly trump their exposure to developed markets. These perceptions illustrate just how far the industry has advanced in the past decade and highlight the new investment opportunities that these markets continue to cultivate During the industry’s leading global conference, renowned experts and leading EM PE professionals will share their experiences and opinions on Returning to Growth: Private Equity in EmergingMarkets. We will examine emerging market opportunities in this new financial world order and identify which markets and sectors present the most compelling investment thesis and merit increased focus, as well as explain how investors can best position themselves to maximize returns. We have a fascinating program with several prominent thought-leaders and authors as keynote speakers and numerous in-depth panel and breakout sessions to delve into issues on top of mind for private equity investors as the EM markets lead global growth and recovery. Within this theme, we are delighted to devote an entire afternoon seminar to PE investing in Latin America and the Caribbean, a region with its own set of unique challenges, yet brimming with significant opportunity. We are delighted to see so many of you returning to this event, as well as so many new faces joining us for the first time. We hope, as always, that you are able to spend time with old colleagues and make new professional ties, and we can continue to raise interest in and knowledge of emerging markets private equity. Thank you for your participation, and enjoy the conference! Haydée Celaya Sarah Alexander Director President Private Equity and Investment Funds Department, IFC EMPEA

Dear Conference Participant, Welcome to IFC's 12th Annual Global Private Equity Conference held in association with theEmerging Markets Private Equity Association (EMPEA). You have joined the largest and most comprehensive gathering across the globe of practitioners active in emerging markets private equity. We convene at an exciting time for emerging markets private equity. As we put what was undoubtedly one of the most challenging years for the asset class behind us, 2010 promises to mark the start of an industry rebound. Demonstrating considerable resilience during the financial crisis, emerging markets weathered the storm better than developed markets, and many are in fact leading the global recovery. According to the latest EMPEA/Coller Capital Emerging Markets Private Equity Survey, emerging markets are poised to gain a greater share of private equity commitments in the near-term as investors seek high-growth markets and believe that the performance of their emerging markets investments will significantly trump their exposure to developed markets. These perceptions illustrate just how far the industry has advanced in the past decade and highlight the new investment opportunities that these markets continue to cultivate. During the industry’s leading global conference, renowned experts and leading EM PE professionals will share their experiences and opinions on Returning to Growth: Private Equity in EmergingMarkets. We will examine emerging market opportunities in this new financial world order and identify which markets and sectors present the most compelling investment thesis and merit increased focus, as well as explain how investors can best position themselves to maximize returns. We have a fascinating program with several prominent thought-leaders and authors as keynote speakers and numerous in-depth panel and breakout sessions to delve into issues on top of mind for private equity investors as the emerging markets lead global growth and recovery. Within this theme, we are delighted to devote an entire afternoon seminar to private equity investing in Latin America and the Caribbean, a region with its own set of unique challenges, yet brimming with significant opportunity. We are delighted to see so many of you returning to this event, as well as so many new faces joining us for the first time. We hope, as always, that you are able to spend time with old colleagues and make new professional ties, and we can continue to raise interest in and knowledge of private equity in emerging markets. Thank you for your participation, and enjoy the conference! Haydée Celaya Sarah Alexander Director President & CEO Private Equity and Investment Funds Department, IFC EMPEA

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D a y O n e , T u e s d a y , M a y 1 1

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 (IFC)

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

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

Pre-Function & Ritz-Carlton Ballroom

Ritz-Carlton Ballroom

Pre-Function & Plaza Ballroom





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 them-

selves?

John Gnodde, Executive Director, Brait Private Equity Ahmed Heikal, Chairman and Founder, Citadel Capital S.A.E. James E. McGuigan, Private Equity Partner, Capital International 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 (IFC)

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 opportunities in Emerging Asia? Are valuations too high in the after-• math 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 investing 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, International Finance Corporation (IFC) 2:15 – 2:30 pm Networking Coffee Break

Pre-Function & Plaza Ballroom/Ritz-Carlton Ballroom

Pre-Function




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 marketing to and how has the LP landscape changed in 2010?• In the near term, will the denominator effect continue to play a role in fundraising?

Annette Berendsen, Manager Business Development Private Equity, FMO Loren Boston, Managing Director, C.P. Eaton Partners, LLC Idris Mohammed, Partner, Development Partners International

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 competitive 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 (IFC) 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 Pouladdej, Managing Partner, CRG Capital Mani A. Sadeghi, Managing Partner, Equifin Capital Partners Anthony Stalker, Partner, ADM Capital

Moderator: Robert Petty, Managing Partner and Co-Founder, Clearwater Capital Partners

Salon I & II

Salon III

Plaza Ballroom

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?•

Thomas C. 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 political 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. domestic 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

Plaza Ballroom

Salon I & II

Salon III

2:30 – 4:45 pm BREAKOUT SESSIONS4:00 – 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 Limited

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, Portfolio and Technology Division, International Finance Corporation (IFC) 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 Corporation Gordon Myers, Principal Counsel and Team Leader, Technology and Private Equity Legal Department, International Finance Corporation (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 Operations 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

Salon I & II

Salon III

Pre-Function



Plaza Ballroom

D a y T w o , W e d n e s d a y , M a y 1 2

7:15 – 8:15 am LPs-Only breakfast, 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 (IFC)

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 prospective investors perceive this benchmark?• How can this index become more robust? How can EM funds best report performance to prospective • investors?

Interviewer: Jon Hilsenrath, Chief Economics Correspondent, The Wall Street Journal

Haydée Celaya, Director, Private Equity & Investment Funds, International Finance Corporation (IFC) Ralph Jaeger, Consultant, Cambridge Associates LLC Andrea Kramer, Managing Director, Hamilton Lane

10:40 – 10:55 am Networking Coffee Break

Plaza Ballroom




Pre-Function




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 per-• ceive 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 (ACA) 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 transaction 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 Reconstruction 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 relative 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 Executive Officer, Dragon Capital

Moderator: Kemal Ahmed, Founder and Portfolio Manager, Old Square Capital Advisors

Salon I & II

Salon III

Roosevelt Room

Plaza Ballroom

10:55 – 12:25 pm REGIONAL BREAKOUT SESSIONS11:40 – 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, Executive Director, Abraaj Capital Pinak Maitra, Chief Financial Officer, KIPCO Group Moderator: Hany Assaad, Head of MENA Private Equity and Investment Funds, International Finance Corporation (IFC)

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 Corporation; Partner, AHC & Partners Ltd. Chairman of EIH Plc and Director of Axis Private Equity Sarath Naru, Managing Partner, VenturEast Subbu Subramaniam, Managing Partner, MCap Fund Advisors Moderator: Monish Dutt, Chief Credit Officer for Global Financial institutions & Private Equity Funds, International Finance Corporation (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 opportunities 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, Operation Leader, European Bank for Reconstruction and Development

Moderator: Cliff Kupchan, Director, Europe & Eurasia, Eurasia Group

Salon III

Roosevelt Room

Salon I & II

Plaza Ballroom

12:25 – 12:45 pm Networking Coffee BreakPre-Function

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, International Finance Corporation (IFC)

Moderator: Jennifer Choi, Director of Research, EMPEA

2:00 – 5:45 pm LATIN AMERICA & CARIBBEAN SEMINAR Supported by the Latin America Venture Capital Association (LAVCA)

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

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

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 integration? 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, Operations, Caribbean Development Bank

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

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 Colombia 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 distinguish 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 relative 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 Investimentos Moderator: Haydée Celaya, Director, Private Equity & Investment Funds, International Finance Corporation (IFC)

5:45 pm Closing Remarks

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



Pre-Function


Plaza Ballroom

SPEAKERS

S p e a k e r B i o g r a p h i e s

Kemal Ahmed Founder and Portfolio Manager, Old Square Capital Advisors

Kemal Ahmed, Founder, Old Square Capital Advisors, a specialist emerging and frontier markets fund of funds. Mr. Ahmed has been investing in the emerging markets industry for over 20 years. Established in 2006 Old Square Capital provides institutional investors with a differentiated approach to investing in the emerging and frontier markets. Prior to Old Square Capital, from March 2003 to September 2005, he was a Managing Director with the Brown University Investment Office, an Ivy League endowment. From October 2001 to February 2003, Mr. Ahmed was Senior Vice President for Calvert Asset Management where he was respon-sible for managing subadvisors for all U.S. and non-U.S. equity mutual funds totaling approximately $2 billion. Prior to Calvert Asset Management, from June 1993 to September 2001, Mr. Ahmed served with the World Bank Group. As a Senior Investment Officer in the World Bank’s Treasury Department (1998-2001), his responsibilities included selecting managers and managing the $4 billion U.S. equity allocation for the World Bank’s pension plan. From 1993-1998, Mr. Ahmed served with the International Finance Corporation (“IFC”), the private sector arm of the World Bank Group where he honed his emerging markets skills. His transactional experience included providing debt and equity financing to industrial businesses and financial intermediaries. Mr. Ahmed started his career as an international banker with a predecessor of Bank of America where he served from September 1989 to June 1993. After completing a management training program he worked in international trade finance and asset-based lending, with a primary focus on the emerging markets. Mr. Ahmed serves on the boards of the Fund for Global Human Rights and the National Board of the American Civil Liberties Union. He holds a Master of Arts, with distinction, from The Johns Hopkins University and graduated Phi Beta Kappa from the University of Tennessee, Knoxville.

Sarah AlexanderPresident & CEO, Emerging Markets Private Equity Association (EMPEA)

Sarah Alexander serves as President & CEO of the Emerging Markets Private Equity Association (EMPEA). Previously, Ms. Alexander managed private equity transactions throughout Asia for Emerging Markets Partnership, which is now EMP Global. She has also worked at the World Bank, where she designed new initiatives for private sector participation in development finance. From 1989 to 1993, she managed international trade and financial issues at the U.S. Department of State, where she focused on Eastern Europe, NAFTA, and G7 Summit issues. At the beginning of her career, she worked on U.S. foreign aid policy with the Subcommittee on Foreign Operations and Export Financing in the U.S. House of Representatives. Ms. Alexander holds an MBA from Harvard Business School, a MPA from Princeton University’s Woodrow Wilson School, and a BA in history from Emory University. She has also been an adjunct professor of finance at Georgetown University, School of Foreign Service.

Mark AllowayHead, Financial Sector Business Development, International Finance Corporation (IFC)

Mark Alloway, a British citizen, is based in Paris and heads up IFC’s business development with financial sector clients in Western Europe. He was previously an Associate Director in IFC’s Global Financial Markets Department in Washington, responsible for IFC’s financial sector equity investments worldwide. In his sixteen years with IFC, he has also worked extensively on financial markets projects in the Latin American and Caribbean region as well as South, Central and Eastern Europe including Russia, Turkey and Central Asia. IFC or International Finance Corporation, a member of the World Bank Group, is the largest multilateral source of equity and loan finance for private sector projects in developing countries.

Prior to joining IFC in 1993, Mark worked for eight years as a Petroleum Engineer in Venezuela, Brazil and the UK followed by five years in international private equity investment with 3i plc, Britain’s leading development capital company. He holds a degree in Physics from Oxford University, a post-graduate degree in Petroleum Engineering from London University and an MBA from Cran-field School of Management. He also attended an executive MBA programme at Harvard Business School.

Cate Ambrose President & Executive Director, LAVCA

Cate Ambrose is President and Executive Director of the Latin American Venture Capital Association (LAVCA), a non-profit mem-bership organization dedicated to promoting the growth of the private equity and venture capital industry in Latin America. She speaks and writes regularly on a range of topics related to public policy and private investment in Latin America and is a regular commentator on CNN En Español. Prior to joining LAVCA, Ms Ambrose was Chief of Advocacy for the Commission on Legal Em-powerment of the Poor, a United Nations initiative co-chaired by Peruvian economist Hernando de Soto and former US Secretary of State Madeleine Albright. Until 2005, Ms Ambrose was Executive Director of Programs at The Economist, where she chaired conferences on finance, business strategy and public policy in the US and Latin America. Ms Ambrose holds an MPA in Interna-tional Economic Policy from Columbia University, and received her BA in Latin American studies from St Lawrence University and the University of Madrid.


Hany AssaadHead of MENA Private Equity and Investment Funds, International Finance Corporation (IFC)

Hany is responsible for developing IFC’s business in private equity and investment funds targeting, cleantech, clean energy, cli-mate change, and sustainability funds globally in emerging markets. He also oversees IFC’s new investments in growth generalist funds. In addition, he heads the private equity funds business in the Middle East and North Africa region.

Prior to joining the Funds Department in January 2007, Hany was the Program Manager of the Financial Markets Sustainability Group in CGF, focusing on mainstreaming environmental and social finance and capacity building in financial markets to finance sustainable energy (energy efficiency and renewables), carbon emission reductions, and sustainable supply chain.

Prior to this, Hany managed the Environmental Business Finance Program, a US$20 million facility to finance and support financial institutions targeting SMEs, whose activities contribute to the protection and improvement of the global environment in climate change mitigation and biodiversity conservation.

From 2000 to 2002 Hany was the head of the Micro, Rural and Small Business Financial Services and E-Finance leading the effort to provide a strategic focus on scaling-up IFC’s investments in FIs serving micro, rural and small businesses.

From 1997 to 2000, Hany was the Divisional Manager for Financial Markets, South and Southeast Asia. In October 1996, Hany as-sumed the role of Assistant to the President of the World Bank Group, Mr. James D. Wolfensohn, a position he held until October 1997.

Prior to that Hany spent nine years in various investment departments in IFC covering North Africa, Middle East and Central and Eastern Europe.

Joaquín Ávila Managing Director, EMX Capital

Currently Joaquin Avila acts as Senior Managing Director and Co-founder of EMX Capital. Prior to this, he served as Managing Director and Fund Head for Carlyle Mexico Partners of The Carlyle Group. Global Partner since 2008. Spearheaded opening of Carlyle office in Mexico in 2004, attracted current team and launched Carlyle Mexico Partners fund. Became sole head in 2007. Actively participated in the fund’s Investment Committee. Currently Chairman of the Board of Arabela. Former of ULA and HTC. Lecturer at Universidad Latinoamericana.

Lehman Brothers. Managing Director based in New York. Head of Latin America Investment Banking Division. Participated in the structuring and execution of M&A and Fixed Income transactions. VA Investments. Created private equity firm that ac-quired Hoteles Krystal in Mexico with the sponsorship of Banco Santander.

Banco Santander. Managing Director based in Madrid and New York. Responsible for the Investment Banking Division. Led teams that acquired Banco Mexicano and divested Corporación Industrial Banesto. Responsible for opening, staffing and operat-ing the first foreign bank in Mexico under Nafta. Member of the Board of Santander Investments.

Former President of the Yale Club of Mexico. Active member of nonprofit organizations Dibujando un Mañana and Casa Alianza.

M.B.A. from Yale University Graduate School of Business, an M.S. from Stanford University, and a B.S. from Universidad Iberoamericana School of Civil Engineering.

Teresa BargerCo-Founder and CEO/Chief Investment Officer, Cartica Capital

Teresa Barger is the CEO and CIO of Cartica Capital LLC. Previously, she spent 21 years at International Finance Corporation. Her last position was Director of Corporate Governance and Capital Markets Advisory. Before that she started and managed IFC’s Private Equity and Investment Funds Department, which ran one of the largest portfolios of emerging markets investment funds in the world. She pioneered the creation of the first benchmarks for emerging markets private equity and was the co-founder of the Emerging Markets Private Equity Association (EMPEA).

At IFC, she made investments in nearly every region. For a dozen years she invested in and helped create new financial institu-tions in a variety of sub-sectors (banking, leasing, insurance, housing finance, etc.) She became the first Manager for Capital Markets, Africa, in 1992. She was head of securities market work for IFC and Associate Director for Credit, reviewing financial sector investments.

Before joining IFC, Ms. Barger was with McKinsey & Company. She received her AB from Harvard University magna cum laude and her MBA from Yale University. She did post-graduate work at the American University in Cairo.

She is Vice Chair of the Emerging Markets Private Equity Association, a Trustee of the Victory family of mutual funds in the US and is on the advisory boards of the Pacific Pension Institute and the Private Sector Advisory Group of the Global Corporate Governance Forum. She is a member of the Council on Foreign Relations.


Thomas C. BarryCEO, Zephyr Management, L.P.

Thomas C. Barry is the President and Chief Executive Officer of Zephyr Management, L.P., an investment management company which he founded in 1994. Zephyr sponsors thirteen specialized investment funds with approximately US $2 billion in commit-ted capital. Zephyr’s private equity funds currently invest in Africa (Kingdom Zephyr Africa Management Company) and India; debt of housing and healthcare facilities in USA. Zephyr’s marketable securities funds invest in stock markets of developing countries.

Prior to founding Zephyr, Mr. Barry was President and CEO of Rockefeller & Co., the investment management arm of the Rockefeller family, from 1983 to 1993. Previously, Mr. Barry was employed by T. Rowe Price Associates, Inc. from 1969 to 1982, where among other responsibilities he was President of T. Rowe Price New Horizons Fund and Director of Research.

Mr. Barry received an MBA from Harvard Business School in 1969 and an undergraduate degree from Yale University in 1966 where he majored in Latin American Studies. He is a Chartered Financial Analyst.

In Africa, Zephyr Management has been a pioneer in private equity since 1994 when the firm sponsored the first offshore pri-vate equity fund in South Africa after the election of Nelson Mandela. Since that date Zephyr has managed US $800 million in capital commitments and today is one of the largest private equity firms throughout the African continent. Zephyr has invest-ment offices in Johannesburg, Accra, London and New York. Mr. Barry is active in numerous not-for-profits in Africa focused on economic development. Currently, he serves as a Director or Trustee of TechnoServe, Trickle-Up, and Kucetekela Foundation. He was a Trustee of Princeton-in-Africa from 2004 to 2007.

Annette BerendsenManager Business Development Private Equity, FMO

Annette Berendsen joined FMO’s Private Equity department in March 2005. From 2005-2007 she focused on Europe & Central Asia with a specific focus on Turkey, Ukraine and Russia. In 2007 she became Manager Business Development. As such she is overlooking FMO’s equity activities in Europe & Central Asia and Africa.

Annette’s background is private equity and investment banking. Before joining FMO Annette was investment manager in the co-investment team of AlpInvest, a global PE firm with at that time more than EUR 30bn assets under management, and senior associate in the corporate finance advisory group of ABN AMRO.

Antonio BonchristianoCo-Chairman and Co-CEO, GP Investments

Mr. Bonchristiano is a Co-Chairman and Co-CEO of GP. He joined the firm in 1993 and has been a MD thereof since 1995. Prior to joining GP, Mr. Bonchristiano was a Partner at Johnston Associates Inc., a finance consultancy based in London, and worked for Salomon Brothers in London and New York. Currently he serves as a member of the board of directors of BR Properties, San Antonio, Allis, LAHotels, Leitbom, Estácio, ALL and Investtur. He previously served as a member of the board of directors of Sé Supermercados, ABC Supermercados, Gafisa, Hopi Hari, Submarino, Equatorial Energia, and Playcenter. He was also previously CFO of SuperMar Supermercados and Founder and CEO of Submarino. Mr. Bonchristiano holds a bachelor’s degree in politics, philosophy, and economics from the University of Oxford.

Loren BostonManaging Director, C.P. Eaton Partners, LLC

Loren leads the private equity fundraising team at C.P. Eaton Partners. He has over thirty years of finance experience and over twelve years of institutional marketing experience. Prior to joining Eaton, Loren was Managing Director and Global Head of Origination for Merrill Lynch’s Private Equity Funds Group, where he was responsible for sourcing high quality leveraged buyout, venture capital and other private equity. Previous positions include Managing Director and Global Head of the Private Equity Fund Group at Citigroup Global Markets, Managing Director at Deutsche Banc Alex. Brown in New York, Head of Securities Sales for Bankers Trust (which later merged into Deutsche Bank) in Asia, Head of Fixed Income Sales for BZW Asia Limited (the invest-ment banking arm of Barclays Bank plc), Director of Corporate Finance at Allied Signal Inc., and Vice President in Corporate Finance at Merrill Lynch & Co. Loren received a B.B.A. in economics and finance from the University of Iowa, an M.A. in economics from Brown University and an M.B.A. from the Columbia University Graduate School of Business, where he was named an Averill Harriman Scholar.

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Jennifer BrooyVice President and Head of Equity, Export Development Canada

Jennifer heads up EDC’s Equity Group (EDC’s private investment arm for both direct and fund investing) and serves as a mem-ber or observer on several Strategic Advisory Boards and Board of Directors.

Jennifer has over 25 years of financing experience, including corporate and structured finance, venture capital investing, work-outs and contract dispute resolution. Prior to joining EDC in 1997, Ms. Brooy worked for Canadian Imperial Bank of Commerce, Bank of America and a management consultancy firm.

Currently, Ms. Brooy holds a Bachelor of Arts (Honours) degree from the University of Toronto and a Masters of Business Administration degree from the Schulich School of Business.

EDC is Canada’s export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC’s knowledge and partnerships are used by more than 8,300 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining and is a recognized leader in financial reporting, economic analysis and has been recognized as one of Canada’s Top 100 Employers for nine consecutive years.

Desmond Brunton Vice President, Operations, Caribbean Development Bank (CDB)

Mr. Brunton is currently Vice-President (Operations) at the Caribbean Development Bank (CDB), a position he was appointed to on 1 January, 2002. Prior to that, he was Director of the Projects Department of the CDB (from December 1993 to December 2001). He joined the CDB in July 1985.

Mr. Brunton holds a BSc (Hons.) in Agricultural Economics from the University of the West Indies (UWI) and a MSc. in Develop-ment Economics from the Australian National University. He also holds a Diploma in Management from UWI and a Diploma in Finance from the University of Wales in Bangor.

Mr. Brunton has spent most of his professional life in development banking, first nationally in his native Trinidad and Tobago and internationally in the CDB. His current professional interest focuses on the particular features of development in small, open economies and the importance of regional integration. His extra-curricula interest is concentrated in gardening (particularly Orchids) and automobiles.

Kofi Bucknor Managing Partner, Kingdom Zephyr Africa Management

As Managing Partner of Kingdom Zephyr, Mr J. Kofi Bucknor leads the investment team. Mr. Bucknor has over 30 years of in-vestment banking, corporate finance and emerging markets experience. Prior to joining Kingdom Zephyr, Mr. Bucknor served as Chairman of the Ghana Stock Exchange, Managing Director of CAL Merchant Bank, Treasurer of the African Development Bank, and Executive Vice President at Lehman Brothers. Mr. Bucknor has a BSc in Administration from the University of Ghana and an MBA from Columbia University.

Kingdom Zephyr Africa Management is a pan-African private equity firm that manages the Pan-African Investment Partners (PAIP) funds, investing across the continent in high-growth, strong demand sectors. The PAIP Funds represent US $615 million in committed capital.

Kingdom Zephyr partners with established African businesses providing the growth capital and strategic, on-the-ground assis-tance needed to strengthen corporate governance, improve strategy and enhance operations, allowing companies to grow into multi-country enterprises.

Kingdom Zephyr was created by Zephyr Management, L.P., the New York investment firm, and Kingdom Holding Company, the investment holding company controlled by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia. Both Zephyr and Kingdom Holding have been investing in African private equity for over 15 years.Kingdom Zephyr operates from offices in Accra, Johannesburg, London and New York.


G. Steven Burrill Chief Executive Officer, Burilll Ventures

G. Steven Burrill has been involved in the growth and prosperity of the biotechnology industry for over 40 years. An early pioneer, Mr. Burrill is one of the original architects of the industry and one of its most avid and sustained developers. He currently serves as Chairman of the Boards of Pharmasset (NASDAQ: VRUS), Abunda Corporation and BioImagene, and is a member of the Boards of Directors of Catalyst Biosciences, DepoMed (NASDAQ: DEPO), Ikano Therapeutics, NewBridge, Proteogenix, Proventys, Targacept (NASDAQ: TRGT) and XDx. Prior to founding Burrill & Company in 1994, he spent 28 years with Ernst & Young, directing and coordinating the firm’s services to clients in the biotechnology/life sciences/high technology/manufacturing industries worldwide. In 2002, Mr. Burrill was recognized as the biotech investment visionary by the prestigious Scientific American magazine (The Scientific American 50), and in 2008, he received the BayBio Pantheon 2008 DiNA lifetime achievement award for his worldwide biotech leadership.

In addition to his work with leading life science companies, Mr. Burrill is a founder and currently serves as the Chairman of the Board of the Foundation for the National Medals of Science and Technology. Additionally, he serves as Chairman of the San Francisco Mayor’s Biotech Advisory Committee (MAYBAC). Mr. Burrill also chaired the National Research Council study on linkages in biotechnology between Japan and the United States. He was also involved with the US-Japan Science and Technol-ogy Agreement Study of Technology Transfer Mechanisms between the US and Japan. Other not-for-profit activities include serving on the Boards of Directors of the Bay Area Science Infrastructure Consortium, BayBio (Emeritus), California Healthcare Institute (Emeritus), The Exploratorium (Emeritus), The Kellogg Center for Biotechnology, the MIT Center for Biomedical In-novation, and the National Health Museum (Vice Chairman), World Council for Ethical Standards (Chairman), BioAg Gateway, City of Madison Vilas County Economic Development Group, University of Wisconsin Extension, Scientific American Board of Advisors. He also serves on the Purdue Discovery Park External Advisory Committee as well as the editorial board of the Journal of Commercial Biotechnology and is on the advisory board of the Center for Policy on Emerging Technologies (C-PET). He is an advisor to University of Illinois Institute for Genomic Biology, University of Wisconsin—College of Agriculture and Life Sciences, University of Minnesota College of Biological Sciences, and Duke University, and is an adjunct professor at University of California, San Francisco.

Michael CalveyCo-Managing Partner, Baring Vostok Capital Partners

Michael Calvey is the founder and Co-Managing Partner of Baring Vostok Capital Partners, the largest private equity firm focused on Russia and the CIS. Baring Vostok’s funds currently own twenty businesses with combined turnover of approxi-mately $1.3 billion and operations primarily in the media, banking, and oil & gas industries. The firm is presently investing its fourth fund with total capital of $1.5 billion. Baring Vostok is or has been a major shareholder in Burren Energy plc, CTC Media, Yandex, Volga Gas plc, Caspian Bank, Europlan Leasing, Golden Telecom, Gallery Media, Sladco Confectionary, Vimpelcom, and other leading CIS companies. Mr Calvey is the Chairman of the Investment Committee for all of Baring Vostok’s funds and is also a member of the Investment Committees of affiliated Baring funds in China and India. He is also a member of the Advisory Boards of the Atlantic Council, the Emerging Markets Private Equity Association, and the Centre for International Business and Management (CIBAM) of the Judge Institute at Cambridge University.

Stefanos C. Capsaskis Principal, 7L Capital Partners

Stefanos C. Capsaskis is a Principal of 7L Capital Partners since 2006.

From 1999 to 2003, Mr Capsaskis was Director - Investments at the Commercial Capital Group, one of the largest private eq-uity/venture capital firms based in Emerging Europe in the early part of the decade.

From 1990 to 1999, Mr Capsaskis worked for Ergobank S.A. in London. He was responsible for the establishment of London Branch in 1990-92, was Head of Treasury and Deputy Senior Manager in 1993-97 and Senior Manager in 1997-99.

From 1987 to 1990, Mr Capsaskis was a Senior Engineer at Greycon Ltd in London.

From 1985 to 1987, he served as Analyst at the Hellenic Navy Hydrographic Service. Stefanos Capsaskis was born in London, UK, in 1958. He is fluent in English and Greek. He holds MA and PhD degrees in Chemical Engineering from the University of Cambridge, UK. He was awarded Cambridgeʼs Danckwerts-Pergamon Prize in 1985. He is a non-executive Director of Probank S.A. of Greece.


Joseph CarvinPartner, Altima Partners LLP

Mr. Carvin is one of the three founding partners of Altima Asset Management.

In 2006 he took responsibility for Altima’s investments in the agriculture sector and is currently the portfolio manager for Altima’s One World Agriculture Fund (AOWAF). 75% of AOWAF funds are invested in private equity opportunities.

AOWAF’s investment thesis is that more than arable land, the truly scare resource in an industry still dominated by “Mom and Pop” firms is professional farm talent organized into farm corporations.

AOWAF therefore invests primarily in production agriculture. AOWAF private equity investee companies are currently produc-ing in excess of 3 million tons of grain across 3 continents which we believe makes this group of companies the largest farm group in the world today for grain production.

Prior to joining Altima, Mr. Carvin was a Director in the Equity Special Situations Group at Deutsche Bank from 1999 to 2004. He worked as a sell-side analyst at Morgan Grenfell from 1994 to 1999 and prior to that in corporate finance at Manufacturers Hanover Trust from 1983 to 1992. He is fluent in Spanish, French, Portuguese and Wolof.

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

Haydée Celaya, a U.S. national, joined the International Finance Corporation (IFC) in 1991 in the Capital Markets Department. She became Manager of the Latin America Division in 1997. She served as Associate Director of IFC’s LAC Department before becoming Director of the IFC’s Sub-Saharan Africa Department in June 2000.

Africa is a top challenge and priority for IFC. During her assignment, she was responsible for IFC’s private sector development initiatives in the region, for leading the development and implementation of IFC’s strategy for the region, and for developing business opportunities for IFC. In September 2004 she assumed her current position, Director of the IFC’s Private Equity and Investment Funds Department. The Department manages one of the largest portfolios of emerging markets investment funds in the world and has also pioneered the creation of the first benchmarks for emerging markets private equity, established the Investors Workshop, and is a founder of the Emerging Markets Private Equity Association (EMPEA).

Before joining IFC, she held various positions in the private financial sector, including senior executive positions in commercial and investment banking. Ms. Celaya is a graduate of Georgetown University and The American University in Washington, D.C.

Sidney ChamehChairman of ABVCAP and Partner, DGF Investimentos

Mr Sidney Chameh is founder and partner of DGF Investimentos, a private equity and venture capital established in São Paulo, Brazil. He has been managing investment funds since 1998. DGF Investimentos manages three funds with AUM of more than US$ 200 million. He was also responsible for the investment and divesture of Logocenter, today TOTVS, which is one of the big-gest technology companies of Latin America. Mr Chameh holds a MBA from McGill University in Montreal – Canada and FGV in Sao Paulo. He has been working in the financial markets for more than 25 years in banks such as Banco Sudameris, Banco Multiplic, Far e Banco Crefisul. Mr Chameh is also the Chairman of ABVCAP (Brazilian Association of Private Equity and Venture Capital). He is married and father of two daughters.

Jennifer ChoiDirector of Research, Emerging Markets Private Equity Association (EMPEA)

Jennifer joined EMPEA in 2006 as the organization’s first Director of Research. Jennifer oversees all of EMPEA’s research initiatives, which include industry statistics and best practices, including EMPEA’s annual Survey of Limited Partner interest in the asset class. Previously, Jennifer was a consultant providing due diligence advisory services and portfolio company strategic planning for the private equity industry. Jennifer holds a Masters in Law and Diplomacy from the Fletcher School at Tufts University and a B.A. in Economics and Political Science from Augustana College.


Elizabeth A.E. ClarksonDirector, Draper Fisher Jurvetson

Elizabeth (Beezer) Clarkson is a Director at Draper Fisher Jurvetson, where she is responsible for growing and optimizing the DFJ Global Network of Partner Funds. The DFJ Network is a global network of 17 venture funds collectively managing over $6B on four continents, with 150 professionals, and hundreds of active portfolio companies. Beezer is a member of DFJ Vina Capital (Vietnamese venture fund) investment committee and advisor to JAIC Open Innovation Fund (cross border US-Japan venture fund).

Prior to DFJ, Beezer was an Investment Manager at Omidyar Network, a $400M fund by Pierre Omidyar, the founder of eBay. There she focused on investments that looked to increase individuals’ access to financial services. This included investing in funds as well as directly investing in companies (e.g., mobile business services and information systems). A key focus was on investing in technologies and funds that support the microfinance industry in Asia (including India). Prior to Omidyar Network, Beezer was a Business Manager for Hewlett-Packard’s Consumer PC Global Business Division. At HP, she was responsible for executing large-scale, strategic alliances and distribution partnerships with marquis internet services companies for placement on HP desktop and notebooks globally. Earlier she was a management consultant for Towers Perrin in their San Francisco office and an investment banker for Morgan Stanley in their Global Infrastructure Group with clients located in Indonesia, China, Japan, the Middle East and North America.

Beezer earned her Bachelor of Arts degree in Government at Wesleyan University and an MBA from Harvard Business School. Beezer currently also serves on the Board of Trustees of the Alonzo King’s Lines Ballet, a non-profit arts organization.

Douglas ClaytonChairman, Managing Partner, Chief Executive Officer, Leopard Capital

Douglas Clayton is Founder and CEO of Leopard Capital LP, a private equity manager focused on Asian frontier markets. Leopard Capital launched the $34 million Leopard Cambodia Fund in 2008, and is currently raising its second fund, Leopard Sri Lanka Fund. Over his 24 year career investing in emerging markets Douglas has lived in five Asian countries, including 17 years in Thai-land. Earlier positions include CIO of Knight Asia, CEO of Abacus Equity Partners, CEO of CLSA Securities Latin America, Country Manager at CLSA Thailand and Head of Indosuez WI Carr Securities Singapore. Outside of work he serves as Advisor to H.E. Ming Bankosal, Director-General of the Securities & Exchange Commission of Cambodia, and as a director of the Center for Khmer Studies. Douglas holds a MM degree from Chulalongkorn University and a BA (History) from Cornell University.

Diego CórdobaFounder, Teka Capital, Inc.

Diego Córdoba, Co-founder, CEO, and Investment Professional of Teka Capital, has more than 20 years of experience in strategy, M&A and corporate finance. Prior to founding Teka Capital, he served during 4 years as CEO of Valorem S.A., the Santo Domin-go’s family holding company based in Bogotá, Colombia, with assets in various Latin American countries, and during the previous 4 years as a Vice-president of Investments. While at Valorem, he had the responsibility to manage a portfolio of 18 companies throughout a variety of sectors with assets over US$3 Bn, including Propilco, Biofilm, TV Cable, and the television broadcasting company Caracol TV. Previously, Mr. Córdoba worked as an independent investment banker in Colombia from 1992 to 2001, advising foreign companies in their development of business in Colombia and doing M&A for different infrastructure deals. Mr. Córdoba holds a degree in Business Administration from La Universidad de los Andes at Bogotá, and an MBA from El Instituto de Empresa in Madrid, Spain. He is a member of the Board of Trustees at la Universidad de los Andes and President of the Board of Directors of a non profit organization that provides education for children of scarce resources.


David Creighton President & CEO, Cordiant Capital

In his capacity as President and CEO of Cordiant, David Creighton oversees the management of the firm’s private equity and loan funds. As Chairman of the Management Committee and member of the Investment Committee of Cordiant, he has been directly involved with the analysis and approval of over 160 private sector investments in more than 55 emerging countries.

Over the course of his 25 year career, Mr. Creighton has accumulated extensive experience in the field of international capital markets, initially in Toronto with Richardson Greenshields, in the area of International Money Markets, and later with Burns Fry in New York.

He spent 13 years in London, England, as Vice President and Director for the merged firm of BMO Nesbitt Burns, where he managed and developed the international fixed income sales team. During this tenure, he expanded the institutional European, African, Middle Eastern and Asian businesses. Under his direction, offices were opened in Hong Kong, Singapore and Beijing. Mr. Creighton has had extensive dealings in fund management, financial engineering, derivatives and securitizations. In 1999, Mr. Creighton returned to Montreal to coordinate the launch of Cordiant’s first fund.

Mr. Creighton’s directorships include Cordiant and AC Water Canada. He is Chairman of the Canada/South Africa Chamber and he is Chairman of the Investment Committee for the BCS Foundation. In addition to being a member of the Securities Institute in the United Kingdom and registered with the Securities and Exchange Commission in the United States, he is also a fellow of the Royal Geographic Society. He has been a contributor and fundraiser with a number of local and international causes and he has travelled extensively around the world.

Mr. Creighton guest lectures at McGill University and he is a frequent speaker at conferences and in the media on matters relat-ing to the Emerging Markets.

Mr. Creighton is an honours graduate from the University of Guelph, where he studied Agricultural Economics, and a graduate of the Institute of Corporate Directors (ICD.D, November 2007).

Neil CrowderCEO, Chayton Capital

Neil is Chief Executive Officer; he joined Chayton Capital from Goldman Sachs where he was a Partner Managing Director. Most recently, Neil was Co-Head of European Research and Co-Chief Operating Officer of the Global Investment Research Division. Additionally, he served on the firm’s Commitments Committee. Prior to Goldman Sachs, Neil worked for American Express and St. Paul Companies gaining both direct and indirect real estate investment and workout experience. He received a BA from Knox College, an MSIA from Carnegie Mellon University, and is a CFA (Chartered Financial Analyst) charterholder.

Barbara DayActing Vice President Investment Funds, Overseas Private Investment Corporation

Barbara Day is the Acting Vice President, Investment Funds of the Overseas Private Investment Corporation (“OPIC”). OPIC is an agency of the U.S. Government whose mission is to mobilize and facilitate the participation of United States private capital and skills in the economic and social development of less developed countries and areas, and countries in transition from nonmarket to market economies. OPIC supports qualifying projects and investment funds for new and expanding business enterprises in more than 150 countries in the emerging markets.

Prior to her appointment as Acting Vice President in January 2009, Ms. Day was legal counsel to OPIC’s investment funds group. Before joining OPIC in 2000, she was a partner with the lawfirm Zuckerman Spaeder LLP, Washington, D.C. and practiced law in San Francisco, CA. Ms. Day holds law degrees from Georgetown University Law School (LL.M international and comparative law) and the University of Notre Dame.



Patricia M. Dinneen Managing Director, Siguler Guff and Company, LLC

Patricia M. Dinneen is a Managing Director of Siguler Guff and Company, LLC. She has primary responsibility for managing the BRIC Opportunities Funds, focusing on private equity investments in Brazil, Russia, India, China. Prior to joining Siguler Guff in 2004, she was at Cambridge Associates, an independent financial consulting firm, where she led the emerging markets private equity advisory business, including asset allocation planning, market research, manager searches and due diligence. In collabo-ration with the major International Finance Institutions, she created the first comprehensive emerging markets private equity database to measure performance and to help professionalize the asset class. Prior to joining Cambridge Associates, she found-ed a consulting firm specializing in telecommunications, working with start-up ventures. Previously, she worked for ten years at British Telecommunications in London where she held a variety of positions, involving investments and joint ventures in the US, Europe and Asia. She has also held positions at Hughes Communications, The RAND Corporation, and the White House. Dr. Dinneen received her B.A. in Economics and Russian Studies from the University of Pennsylvania, her M.Sc. in Soviet Economics from the London School of Economics, and her Ph.D. in Economics from the Massachusetts Institute of Technology, specializing in regulatory economics and technology.

Simeon DjankovDeputy Prime Minister and Minister of Finance in Bulgaria

Simeon Djankov is a Bulgarian economist, who currently serves as Deputy Prime Minister and Minister of Finance in Bulgaria. Prior to his cabinet appointment, Simeon Djankov was the chief economist of the finance and private sector vice-presidency of the World Bank. In his fourteen years at the World Bank, he worked on regional trade agreements in North Africa, enterprise restructuring and privatization in transition economies, corporate governance in East Asia, and regulatory reforms around the world. In 1997 participated in a World Bank enterprise restructuring project in Georgia. Since 2004, after the Rose Revolution, he has visited Georgia frequently and worked with the government on reforming the business environment. He is also known as the creator of the Doing Business series, the top-selling publication of the World Bank Group. Dr. Djankov was a principal author of the World Development Report 2002. He holds a PhD in economics from the University of Michigan at Ann Arbor and has published over 70 articles in academic journals, including in Quarterly Journal of Economics, Journal of Political Economy, American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Economic Growth, Journal of Public Economics, and Journal of Comparative Economics. He is ranked among the 100 Most Cited Economists in the world according to IDEAS/RePEc. Dr. Djankov was also an associate editor of the Journal of Comparative Economics from 2004 to 2009.

Alisher Ali DjumanovFounder and CEO, Eurasia Capital Management

Mr. Alisher Ali Djumanov has over 13 years of investment management, investment banking, and advisory experience in emerg-ing and frontier markets of Eastern Europe and Eurasian countries including Russia, Kazakhstan, Ukraine, Uzbekistan, Azerbaijan and Mongolia. He has worked in major international financial centers such as New York, London, Zurich, Singapore and Hong Kong. Mr. Djumanov is a Founder of Eurasia Capital Management, a Singapore-based investment management firm focused on investments in Mongolia, Central Asia, Russia and China. He is CEO of Eurasia Capital, a Hong Kong-based pan-regional invest-ment bank with offices in China, Russia, Mongolia, Kazakhstan and Uzbekistan and Chairman of the Board of TSU Resources, an infrastructure development company listed on the Mongolia Stock Exchange. He is President of China Eurasia Business As-sociation (CEBA), a Beijing-based non-profit organization facilitating strategic links between business enterprises of China and Eurasian countries. Mr. Djumanov was Vice President of Auerbach Grayson & Co., a brokerage house in New York advising US institutional investors on portfolio investments in emerging markets in Europe, Middle East and Africa (EMEA). He was Head of Corporate Finance in Central Asia and the Caucasus at Ernst & Young as well as investment banker at Renaissance Capital in Moscow and Credit Suisse First Boston in Zurich and London. Mr. Djumanov received his Master of International Affairs from Columbia University and an MBA from Oxford University.


David Do Managing Director, Vietnam Investments Group

David Do is a Managing Director at VI Group, a Vietnam-focused Private Equity firm. VI Group has investments in education, IT (systems integration), manufacturing, logistics, media as well as travel and hospitality sectors.

David was previously a General Manager at Microsoft where he led Strategy, Mergers & Acquisitions, Investments and Joint Ventures for the Client, Server and Online Services divisions. His operating experience includes managing global retail, tele-com, media, payments sectors for Microsoft’s services businesses and well as serving as a member of the Board of Directors of MSNBC, CNBC, ninemsn and several companies in China, Australia, Mexico and the Middle East.

Prior to working at Microsoft, David was a member of the Founding Team at EachNet, the leading Chinese e-commerce firm which was acquired by eBay. David has also worked at The Boston Consulting Group (BCG) and JP Morgan.

David has an MBA from Harvard University. He also holds a Bachelor of Commerce (Information Systems, Accounting) from the University of New South Wales.

Hurley DoddyCo-CEO, Emerging Capital Partners (ECP)

Hurley Doddy is a Managing Director, Founding Partner, and Chief Operating Officer of Emerging Capital Partners (ECP). With six funds and over $1.6 billion under management, ECP is a leading private equity manager focused exclusively on Africa. Head-quartered in Washington D.C., ECP has six offices across Africa and a ten-year track record of successful investment in companies operating in over forty countries on the continent. As COO, Mr. Doddy oversees the operations of Africa Funds I, II, & III and is actively involved in the investment committees of the Central Africa Growth Fund and the Moroccan Infrastructure Fund.

Mr. Doddy received a bachelor’s degree in economics with honors from Princeton University and holds a Chartered Financial Analyst (CFA) designation from the CFA Institute. He has served on the boards of Celtel International (Pan-African), Charaf Cor-poration (Morocco), Agromed S.A. (Tunisia), Continental Reinsurance (Nigeria), All Africa Airways (Mauritius), Air Ivoire (Cote d’Ivoire), Société Internationale de Plantations d’Hévéas (SIPH) (West Africa), and Horizon Portfolio Limited (Cayman Islands).

Monish DuttChief Credit Officer for Global Financial Institutions & Private Equity Funds, International Finance Corporation (IFC)

Monish Dutt is a seasoned investment professional with the International Finance Corporation (IFC), a member of the World Bank Group. For the last five years, Monish has been Chief Credit Officer for Global Financial Institutions and Private Equity Funds, in which capacity he evaluates investment proposals in financial institutions and Private Equity Funds globally and ad-vises Investment Teams on structuring investments. He is an ex officio member of Investment Review Meetings Committees. He also oversees portfolio performance and represents IFC on Boards of investee companies. Prior to this, Monish was the Head of IFC’s Private Equity Advisory Group. In this position, he tracked a global portfolio of investments, provided quality control to Private Equity Fund investments, and supervised a team of private equity specialists who monitored the industry worldwide. Previously, from 1996 to 1999, he was the Head of the Baltics, Central Europe, Turkey, and Balkans Group, during which he led investments in several privatization transactions. Prior to that, he was (in reverse sequence) Principal Investment Officer for Asia, Senior Investment Officer for Central & Eastern Europe, and an Investment Officer for Africa, Latin America, and Asia. Before joining the IFC, Monish worked for Ernst & Young, London.

Monish has an MBA with a concentration in finance from the London Business School, London University, and a BA in economics with honors from St. Stephen’s College, University of Delhi. Monish is a Chartered Accountant (equivalent to a CPA) accredited by the Institute of Chartered Accountants, London, England.


Okey Enelamah CEO, African Capital Alliance (ACA)

Okechukwu (“Okey”) Enelamah is a founder and Chief Executive Officer of African Capital Alliance (ACA). ACA was formed in 1997 and currently manages six investment vehicles with aggregate capital of over $500 million. Okey brings private equity experience gained in New York and Johannesburg from Zephyr Capital and South Africa Capital Growth Fund (the predecessor to Brait). His previous experience was with Arthur Andersen in Nigeria and Goldman Sachs in New York and London. After first qualifying as a medical doctor, Okey qualified as a Chartered Accountant in Nigeria, winning two national prizes in the qualify-ing examinations. He has a MBA with high distinction (Baker Scholar) from the Harvard Business School and is a Chartered Fi-nancial Analyst. He is a member of the Advisory Board of Africa Venture Capital Association and the Emerging Markets Private Equity Association and a Fellow of the Aspen Institute.

Paul Fletcher Senior Partner, Actis

Paul Fletcher is Senior Partner of Actis, leading the firm from its London headquarters.

Paul joined Actis in 2000. Originally a banker with Cargill, and Banker’s Trust, Paul moved into corporate finance in the early 1990s with a role at Citibank.

At Citibank, Paul led the East African operations, becoming Head of Emerging Markets Strategic Planning. Paul’s career has spanned Kenya, Tokyo, New York, and London; he has two decades of experience in the emerging markets,

Paul is a Founding Director of the Emerging Markets Private Equity Association (EMPEA).

Paul has a Masters in Geography from Oxford University

Anne FossemalleDirector for Equity Funds, European Bank for Reconstruction and Development

Anne Fossemalle has been the Director in charge of Equity Funds at the European Bank for Reconstruction and Development since 2009.

Previously, she was the Director, Bank Equity, responsible for EBRD’s direct equity investments in banks. Prior to this appoint-ment in 2007, she was a Senior Banker in the Financial Institutions group, where she led various debt and equity transactions with banks, and was responsible for EBRD’s relationship with international banking groups. She joined EBRD in 1993, as part of the Agribusiness Team, then the Hungary Team, from Crédit National in Paris, where she was responsible for loans and equity transactions with large French food companies

Anne holds various Supervisory Board, Advisory Board and Investment Committee memberships.

Anne holds an M.A. in Economics from Stanford University (U.S.A), an M.Sc. from Ecole Nationale du Génie Rural, des Eaux et des Forêts (France), an M.Sc. from Institut National Agronomique Paris-Grignon (France).

Scott FousheeManaging Director, Pinebridge Investments

Mr. Foushee oversees private equity activities for Pinebridge Investments in markets including Turkey, the Middle East, Africa and Russia/FSU. He also serves as an Investment Committee member for several Pinebridge managed private equity funds in CEE, Latin America, and other emerging markets as well as for investments in other asset classes. Prior his 12 years of experi-ence as a principal investor in emerging markets, he served as a Director with the Barents Group, an emerging market corporate finance advisory group, where he led numerous corporate finance, restructuring, and privatization assignments throughout Eastern Europe and the former Soviet Union. His background includes three years as a member of the start-up team of Bain Capital, a direct investment group affiliated with Bain and Company. Mr. Foushee also has substantial operating experience in the manufacturing sector including as a plant manager of a specialty steel mill. He is a graduate of Dartmouth College and the Harvard Business School.

S p e a k e r B i o g r a p h y

Paul Fletcher Senior Partner, Actis

Paul Fletcher is Senior Partner of Actis, a leading private equity investor in emerging markets.

Paul joined Actis in 2000 after a career at Cargill, Banker’s Trust, and Citibank. Paul has worked in Kenya, Tokyo, New York and London.

Paul has a Masters in Geography from Oxford University, and is a Founding Director of the Emerging Markets Private Equity Association (EMPEA).


Laura Friedrich Partner, Global Asset Management Group, Shearman & Sterling LLP

Laura S. Friedrich is a partner in the Global Asset Management Group at Shearman & Sterling LLP in New York, with a concentra-tion in private fund formation, structuring and compliance matters. She has extensive experience working with U.S. and interna-tional private equity, venture capital and hedge funds and their sponsors, with investments in the United States, Eastern Europe, Western Europe, Latin America, Asia, Africa, India and the Middle East. Ms. Friedrich has negotiated with numerous corporate, public and private pension plan, private family, foundation and endowment, fund of fund and foreign government investors, in a variety of asset categories including real estate, mezzanine debt, energy, infrastructure, transportation and media. Ms. Friedrich also advises investors on the purchase of interests in private funds.

Ms. Friedrich received an A.B. in Economics from the University of California, Berkeley (magna cum laude) in 1993, and a J.D. from the University of Pennsylvania Law School in 1996, where she served as an Executive Editor of the University of Pennsylva-nia Law Review.

Claudio Furtado Professor, Fundação Getúlio Vargas (FGV)

Cláudio Vilar Furtado, 62, is a tenured professor at EAESP- Fundação Getúlio Vargas (FGV), where he has been teaching graduate and post-graduate classes in the disciplines of Investment Strategy, Corporate Finance, Private Equity and Venture Capital since 1974. As an executive, he served as Executive Vice President at ABC-Bull, the Financial Director at ABC – Electronic Systems and the Director of Business Development at Elebra up until 1989. Since 1994 he has been Managing Partner of CVF Finanças e In-vestimentos Ltda., a Financial Strategy and Applied Economics consultancy. He’s a Member of the Board of NORSA-Refrigerantes do Nordeste S.A., the Northeastern subsidiary of The Coca Cola Company, held by Grupo Jereissati Nordeste, and also holds the same position at ATENTO Holding Inversiones y Teleservicios, a subsidiary of the Telefónica Group in Madrid, Spain. He’s been the Institutional Technical Coordinator of FGV-Projetos for the Telecommunications Industry since 1995. He founded and ran the Online Learning Center at FGV-EAESP, having founded the Online Learning Center at FGV-Petrobrás in 1997. In 2003, he founded FGV’s Center of Research in Private Equity and Venture Capital, and is currently its Executive Director. He has authored many articles and has given many speeches at international and domestic congresses and conferences. He is co-author of the book A Indústria de Private Equity e Venture Capital- Primeiro Censo Brasileiro (The First Brazilian Census of the Private Equity and Venture Capital Industry), published by Saraiva/IFC in 2006. He is also a member of the US-Brazil Venture Capital Task Force. Fur-tado received his Bachelor’s Degree in Economics from the Federal University of Rio de Janeiro, his Masters Degree in Business Administration from FGV, a Masters Degree in Business Economics from the University of Chicago where he also took classes to-ward a Doctoral Degree in Finance, and received his Doctoral Degree in Business Administration from EAESP - Fundação Getúlio Vargas. His specialties are Company Economics, Corporate Finance, Investments, Private Equity and Venture Capital.

Aaron GershenbergManaging Partner, SVB Capital

Aaron Gershenberg is the managing partner of the funds management group with SVB Capital. Gershenberg joined SVB in 1999 and has over twenty years of private equity investing, financial services and consulting experience.

Since raising SVB Capital’s first fund with outside limited partners in 2000, Gershenberg has helped build a family of proprietary and sponsored funds that offer institutional limited partners opportunities to invest in top-tier private equity and venture funds and their portfolio companies. Prior to joining SVB Capital, Gershenberg oversaw the opening of FirstCorp’s Northern California office, a venture leasing company. In this capacity, Gershenberg was responsible for providing venture financing to more than 50 startup technology companies. Previously, Gershenberg was part of the investment banking group for Union Bank of California and the consulting practice of Deloitte & Touche.

Gershenberg earned a bachelor’s degree in economics from Wesleyan University and a master’s degree in finance from the John F. Kennedy School of Government at Harvard University.

John GnoddeExecutive Director, Brait Private Equity

John is CEO of Brait Private Equity and has held a number of senior executive leadership positions in Brait, including the management of private equity funds. John joined Brait in 1995 and has been responsible for investments in consumer prod-ucts, construction, pharmaceutical manufacture, beverages, resources, media, mobile telecommunications, and recruitment outsourcing amongst others. He has represented Brait on the boards of over 20 private and public companies. Prior to joining Brait, John worked for Goldman Sachs International in London for six years where he served in the investment banking divi-sion.

Álvaro GonçalvesManaging Partner, Stratus Investimentos

Founding Partner and CEO of Stratus Group, Álvaro Gonçalves leads the firm’s Investment Committee and has extensive experi-ence in the Brazilian investment environment. Formerly MD of Pactual Electra Capital Partners, a private equity fund jointly sponsored by Electra (UK) and Banco Pactual (Brasil), he previously led turnarounds and several acquisitions and divestitures in Brazil in corporate officer capacities (CEO/CFO). He served as Chairman of the Brazilian Private Equity Association from 2004 to 2006 and has held positions in boards of directors of Brazilian as well as multinational companies. Gonçalves has a BS in Industrial Engineering from FEI (São Paulo), a postgraduate degree from FGV (São Paulo) and an MBA from IMD-International (Switzerland).

Daniel GreenInvestment Director, Greenpark Capital Limited

Daniel is an Investment Director at Greenpark Capital, where he is responsible for deal sourcing, evaluation and execution.

Daniel joined Greenpark Capital in 2001, prior to which he studied for his chartered accountancy exams through PriceWater-house-Coopers and was seconded to a UK private equity firm where he was involved in investment appraisal and exit evalu-ation. Daniel has an MA Hons in Modern Languages from the University of St Andrews, Scotland. Daniel is British and speaks French and Spanish.

Greenpark Capital is a recognised leader in mid-market secondaries. Established in 2000, Greenpark has €1.3bn of funds under management and is capitalised by major institutions from Europe, the US, Asia and the Middle East. The culturally diverse team has extensive experience across the global market and has built a reputation for sound investment skills and innovative deal structuring. Greenpark works with clients to provide customised liquidity solutions, however complex the requirements.

Philip GrovesFounding Partner, DAC Management LLC

Phil Groves has worked in the investment and accounting industries since 1992, and oversees the investment team for the DAC Asia Special Situations Group. Phil is the President and Founding Partner of DAC Management, LLC (DAC), which was founded in 2002 to invest in distressed securities and special situations exclusively in Asia, with an initial focus in China. Phil chairs DAC’s investment committee, leads its overall strategy, and oversees its risk controls. Through DAC, Phil also founded Gao Fei Consulting in 2005 and serves as its Chairman and legal representative. Gao Fei is the only foreign owned nationally licensed loan servicing firm in the People’s Republic of China. Prior to founding DAC and Gao Fei, Phil worked for both Arthur Andersen starting in 1992 and myCFO, Inc. from 2000 to 2002. At myCFO, Phil was the Managing Director of the firm’s strategic advisory services and oversaw the firm’s involvement with Asian distressed asset investments. Phil holds a BS degree from Boston College, an MBA degree from Notre Dame, and is a Certified Public Accountant.


Safia HachichaVice President, Investments, Swicorp

Safia joined Swicorp in 2005 where she contributed to the building of the PE practice with responsibilities including the incor-poration of Intaj Capital, the development of its investment strategy, the implementation of internal investment processes, and the recruiting of Intaj’s current team of professionals.

In parallel, Safia’s key responsibility has been to identify and invest in attractive companies in North Africa. She is involved in all stages of the investment process, from deal sourcing to portfolio monitoring and has worked on several transactions in diverse sectors including but not limited to media, IT, food and beverage, contracting, financial services, and specialty retail.

Prior to joining Swicorp Safia gained several years of experience in the M&A practice of JPMorgan in New York where she spe-cifically covered the consumer goods and retail sectors.

Safia holds a Master in International Affairs from the Johns Hopkins University and a BBA in finance from the George Washing-ton University.

Luis Harvey Senior Managing Director, Nexxus Capital

Luis Alberto Harvey McKissack, 49, Co-founder and Senior Managing Director of Nexxus Capital. He has over 20 years of experi-ence in investment banking and private equity. Before founding Nexxus Capital, Mr. Harvey held positions at Grupo Bursatil Mexicano, Fonlyser, Operadora de Bolsa, and Servicios Industriales Peñoles. His experience includes several private and public equity transactions and also the initial public offering of several major Mexican corporations on the Mexican Stock Exchange and the international capital markets. Mr. Harvey sits on the Board of Directors of Nexxus Capital, Homex, Sports World, Gen-nomma Lab, Credito Real, Harmon Hall, Diamex and Grupo Hotelero Santa Fe among others. Mr. Harvey received a B.S. in Eco-nomics from Instituto Tecnológico Autónomo de México (ITAM) and an MBA with concentration in Finance from the University of Texas at Austin.

Janusz HeathManaging Director, Capital Dynamics

Janusz is a Managing Director and heads the Asset Management division at Capital Dynamics. He has over 26 years of private equity, corporate finance and industry experience. Prior to joining us, he was head of Central & Eastern European private equity at Allianz Specialized Investments, having previously been deputy chairman and managing director of PTP-Kleinwort Benson. He has also been chief executive of a UK public company. Janusz was a member of the Wilton Park Advisory Council (a FCO agency) and is a non-executive director and trustee of HCT Group (a UK social enterprise), a Fellow of the Chartered Institute of Market-ing and holds an MBA from the University of Aston.

Capital Dynamics is an independent asset management firm focused on private equity. Capital Dynamics offers institutional investors and family offices a wide range of private equity products and services: fund of funds, direct investments, separate account solutions and structured private equity products.

With more than 20 years of experience, Capital Dynamics manages and has advised on a combined total of over USD 21 billion in private equity and real estate funds.

Capital Dynamics clients are a diverse group of investors including pension funds, insurance companies, family offices, high net worth individuals and their advisors. Headquartered in Switzerland, Capital Dynamics has of-fices in New York, Silicon Valley, London, Birmingham (UK), Hong Kong and Munich.


Ahmed HeikalChairman and Founder, Citadel Capital S.A.E.

Dr. Ahmed Heikal is the Chairman and Founder of Citadel Capital, the leading private equity firm in the Middle East and North Africa. Established in 2004, Citadel Capital now controls investments worth more than US$ 8.3 billion in industries including min-ing, oil and gas, cement, transportation and food. Prior to founding Citadel Capital, Dr. Heikal was an executive board member and Managing Director for Private Equity at EFG-Hermes Holding. There, he spearheaded highly successful private equity invest-ments, one leading to the creation of Egypt’s leading IT company (Raya Holding) and another to the nation’s largest natural gas distribution company (Genco). He also raised three rounds of finance for regional mobile telecommunications operator Orascom Telecom as well as for the IPOs of Orascom Construction Industries, Orascom Hotels and Ezz Steel, and the latter’s subsequent convertible bond to finance the acquisition of ANSDK. Dr. Heikal holds a Master’s degree and a PhD in Industrial Engineering and Engineering Management from Stanford University.

Jon Hilsenrath Chief Economics Correspondent, The Wall Street Journal

Jon Hilsenrath is the chief economics correspondent of The Wall Street Journal, where he covers the Federal Reserve, economic policy and economic trends out of Washington. He joined the Journal in 1997 and has worked in Hong Kong, New York and Wash-ington, where he’s written extensively on economics, markets and financial crises. His stories have been honored by the Society of Publishers in Asia, Columbia University, the Society of Business Editors and Writers, the Institute on Political Journalism and others. In 2001, he provided on-the-scene reporting of the Sept. 11 terror attacks, part of the WSJ’s breaking news coverage that was awarded a Pulitzer Prize.

Born in New York, he received his bachelor’s degree from Duke University, and an M.B.A. and master’s degree in journalism from Columbia University, where he was a Knight-Bagehot fellow in 1995/1996. He is married and has three children.

Ralph Jaeger Consultant, Cambridge Associates LLC

Ralph is a senior research consultant in Cambridge Associates’ private investments group. His responsibilities comprise analyzing general trends and developments in international (emerging and developed) private markets, identifying high-quality invest-ment firms, and conducting specific due diligence projects on international buyout and venture capital funds. Ralph also sits on the U.S. private equity research committee.

Before joining Cambridge Associates in 2008, Ralph spent 10 years working with private equity firms Industri Kapital, JPMorgan Partners, PAI Partners, and B&S. He served on the boards of CasaReha, SchoellerWavinSystems, and Siteco. Ralph received a BA degree in European Business Administration from Middlesex University (London), and graduated from the European School of Business (Reutlingen) as a Dipl. Betriebswirt. He also earned a banking degree from the German Chamber of Commerce (Frankfurt).


Annat Jain Managing Director, Acropolis Capital Group

Annat Jain is the founder and Managing Partner of Acropolis Capital Group, a New Delhi based firm investing in development opportunities in Indian Infrastructure alongside a group of global investors. Acropolis Capital Group is now launching – in part-nership with one of the world’s leading construction and infrastructure companies – a $500 million Indian Infrastructure Devel-opment Fund that will invest in early-mid stage infrastructure development opportunities in India.

Prior to this, Annat founded and led Avenue Capital Group’s South Asian investment and asset management operations. Avenue Capital Group is a New York based investment firm with assets of more than $19 billion under management. Apart from his role as Country Manager and Managing Director for South Asia, Annat worked as a regional resource for Avenue’s investments in South East Asia and invested in excess of $200 million in a diverse set of industries such as infrastructure, healthcare, hotels, pharma etc. in India.

Prior to joining Avenue Asia, Annat founded an Indian investment advisory firm that partnered with global institutional investors to purchase distressed loans in India. Annat started his career in Houston with Enron Corp., where he led direct investments in the Energy and Telecom sectors in India in the initial years of liberalization and policy reform.

Annat received a Masters of Public Administration (International Finance) from Columbia University in New York, and a Masters and Bachelors of Architecture from Savannah College of Art and Design in Savannah, Georgia.

Nikunj JinsiChief Investment Officer, Portfolio and Technology Division, International Finance Corporation (IFC)

Nikunj Jinsi joined IFC in 2003 and combines over 20 years of experience in various industry sectors, having worked and lived in Europe, Asia, Latin America and the US. He blends operational, entrepreneurial, investment banking, and over ten years of experience on private equity in Asia. At IFC, he is responsible for leading private equity growth investments in Asia and Latin America, focusing on information technology, clean technology, communications, and media.

Prior to joining IFC he was Managing Director and Head of the Singapore office for one of Asia’s leading venture funds. He spent four years in the Asian investment banking industry providing M&A and corporate finance services to clients throughout the region. In addition, Mr. Jinsi was the co-owner of South East Asia’s largest independent marketing communications agency. He started his career as Project Manager for KPN Telecom in the Netherlands.

Mr. Jinsi is a Fulbright Scholar, he has an MBA from Stanford University, and an MSc. in Electrical Engineering, from Delft Univer-sity of Technology, in the Netherlands.

Vishal Kapur Principal & Investment Director, Managing Partner, Avigo Capital Partners

Mr. Vishal Kapur is Investment Director and Principal at Avigo Capital Partners, New Delhi. At Avigo, he focuses on investment decisions, deal structuring and post-investment monitoring for portfolio companies. Mr. Kapur has 14 years of industry and strategy consulting experience. Prior to joining Avigo, he worked for The Boston Consulting Group (BCG) where he advised clients on issues ranging from corporate strategy, cost reduction and mergers & acquisition to operational improvement and change management.

Mr. Kapur has also worked for Booz Allen Hamilton in Chicago, USA, advising clients on management strategy. He has vast experience in industries such as industrial goods, infrastructure, telecom, consumer goods and energy.

Mr. Kapur received an MBA with majors in Strategic Management and Finance from the University of Chicago’s Graduate School of Business (USA). He also holds a Master of Science in Physics and a B.E. (Chemical Engineering) from BITS, Pilani (India).


Michael Katsnelson Director, Quadriga Capital

Michael Katsnelson is a Head of Quadriga Capital Russia Moscow Office.

Michael joined Quadriga Capital Russia in 2005 with a task to establish Moscow Representative Office.

At Quadriga, Michael is responsible for sourcing and execution of investments in TMT (Technology, Media, and Telecom), Retail and Services sectors.

Prior to joining Quadriga, Michael held leadership positions at Alfa Group’s Russian Technologies Venture Fund, Autodesk, and Donaldson, Lufkin and Jenrette in the USA and Russia.

Michael holds a bachelor’s degree in Applied Mathematics and Computer Science from University of Latvia and an M.B.A from the Anderson School of Management at UCLA.

Mr. Katsnelson was born in Riga, Latvia.

Mu-Shin (Shin) KimInvestment Specialist, Private Sector Operations Department, Asian Development Bank

Mr. Mu-Shin Kim is Head of Private Equity at Asian Development Bank (ADB). He is responsible of private equity funds invest-ment across Asia and the Pacific and monitoring the funds portfolio (more than 40 funds) in the region by serving as an advisory board member and an investment committee member of the funds. He has been leading multiple clean energy funds investment through competitive process in 2007/8. Working with Islamic Development Bank, his team set up the Islamic Infrastructure Fund in 2009. While working on several frontier sector and emerging market focused funds, he is now leading new initiatives such as (i) $100m investment in multiple cleantech venture capital funds through a call for proposals procedure, and (ii) $100m invest-ment for a climate PPP fund with sovereigns and pension funds to invest and incubate in climate industry focused funds.

Mr. Kim began his career in early 1990’s at a Korean conglomerate for its energy business development overseas such as Kazakh-stan and Georgia Republic. He was Director to run a joint venture energy company in Tbilisi, Georgia for two years since early 1997. In 1999, he succeeded an M&A transaction of the largest independent power producer in Korea. After joining El Paso in Singapore since 2001, he managed a number of M&A deals in the power and gas industries primarily in Korea and Japan.

Mr. Kim holds a Bachelor of Business Administration from Sogang University in Korea and an MBA from the Tuck School of Busi-ness at Dartmouth in the USA.

Sir David KingDirector of the Smith School of Enterprise and the Environment, and Former Chief Scientific Adviser to the UK Government

Sir David King is the Director of the Smith School of Enterprise and Environment at the University of Oxford. He was the UK Government’s Chief Scientific Adviser and Head of the Government Office of Science from October 2000 to 31 December 2007. In that time, he raised the profile of the need for governments to act on climate change and was instrumental in creating the new £1 billion Energy Technologies Institute. He gave over 300 talks on climate change at venues around the world between 2002 and 2007. In 2008 he co-authored The Hot Topic (Bloomsbury) on this subject. As Director of the Government’s Foresight Programme, he created an in-depth horizon scanning process which advised government on a wide range of long term issues, from flooding to obesity. He also chaired the government’s Global Science and Innovation Forum from its inception. He advised government on issues including the foot-and-mouth disease epidemic of 2001; post 9/11 risks to the UK; GM foods; energy pro-vision; and innovation and wealth creation. He was also heavily involved in the Government’s Science and Innovation Strategy 2004-2014.

Sir David was born in South Africa in 1939, and after an early career at the University of Witwatersrand, Imperial College and the University of East Anglia, he became the Brunner Professor of Physical Chemistry at the University of Liverpool in 1974. In 1988 he was appointed 1920 Professor of Physical Chemistry at the University of Cambridge and subsequently became Master of Downing College (1995-2000) and Head of the University Chemistry Department (1993-2000). He has published over 480 pa-pers on his research in chemical physics and on science and policy, and has received numerous prizes, fellowships, and honorary degrees. He continues as Director of Research in the Department of Chemistry at the University of Cambridge. He is currently Chancellor of the University of Liverpool, President of the Collegio Carlo Alberto in Turin, Senior Science Adviser to UBS, Science Adviser to President Kagame of Rwanda, and Adviser to EU Commissioners on science capacity building in Africa.

Sir David was knighted in 2003 for his work in science, and received the award of “Officier dans l’ordre national de la Légion d’Honneur” from the French President in 2009 for his work on climate change and on negotiating the international agreement to build the world’s largest technology project, the ITER fusion reactor.



William Knight Director, Greater China Corporation; Partner, AHC & Partners Ltd. Chairman of EIH Plc and Director of Axis Private Equity

William Knight, a co- founder of Emerisque Capital, an “East-West” Management Buy-in company, is an alternative asset investment specialist who has spent almost his entire career involved with financial development of companies and projects in the emerging markets. He originally specialised in project finance at Lazard Brothers, following which he spent 18 years in vari-ous senior positions in the Lloyds Bank group based in London, Hong Kong and Portugal. Since 1991 he has served in a wide range of non-executive positions as an independent director or adviser based in London.

Amongst his various board positions, he currently is chairman of EIH Plc, an AIM quoted company that enables investors to access Indian private equity funds through a fund of funds structure and Abingworth Bio Ventures II, an early stage biotech-nology investment company. He is a director of Axis Private Equity, a Mumbai based private equity company that invests in enabling companies for the development of Indian infrastructure, the JP Morgan Chinese Investment Trust, where he chairs the Audit Committee, Fidelity Asian Values Trust and Axis Fiduciary Ltd, a Mauritius based financial services provider. He also chairs public equity investment funds for China, India and recently for Russia respectively and he initiated the first ever invest-ment fund for Vietnam.

His advisory assignments have included: the Asian Development Bank, the government of Mauritius, the British government Know-How fund, Aureos Capital, CDC and Clearwater Capital; (investors in and restructuring specialists of Asian debt). He has an on-going advisory assignment with Campbell Lutyens, the private equity fund placement specialists. He is a regular member of City of London missions around the globe and is a Liveryman of the Worshipful Company of World Traders.

Andrea KramerManaging Director, Hamilton Lane

Andrea is a Principal in Hamilton Lane’s Due Diligence Group where she is responsible for due diligence of primary fund investment opportunities in the small/mid market sector and serves as a member of the Investment Committee. Andrea also serves on a number of fund advisory boards including First Reserve, ACI Capital, and Sawmill Capital.

Prior to joining Hamilton Lane, Andrea was a General Partner at Exelon Capital Partners where she managed investments in the energy technology and enterprise application areas; as a Senior Business Development Manager for Philadelphia Gas Works; and as a Fund Manager for Murex Corporation.

Andrea received an M.B.A. in Finance from Temple University and a B.A. in Economics from Franklin and Marshall College.

Cliff KupchanDirector, Europe & Eurasia, Eurasia Group

Cliff Kupchan is the head of the Russia and CIS team at Eurasia Group, and an Iran analyst. He covers Russia’s domestic and foreign policy, as well as its energy sector. He also focuses on Iranian nuclear and foreign policy, as well as on Iranian domestic politics. He has published numerous articles on Russia, Iran, and US foreign policy. Cliff holds an AB from Brown University and an MA from Stanford University. He speaks Russian.

Before joining Eurasia Group, Cliff served as a vice president and senior fellow at The Nixon Center. From 2000 to 2002, he lived in Moscow, and worked as the vice president of the Eurasia Foundation. During the Clinton administration, Cliff served at the US Department of State as the deputy coordinator of US assistance to Eurasia. Before that, he worked for many years for the House International Relations Committee, where he served as the senior foreign policy adviser for Eurasia, North Africa, and foreign assistance.


Rachel Kyte Vice President, Business Advisory Services, International Finance Corporation (IFC)

Rachel Kyte is IFC’s Vice President, Business Advisory Services, and a member of the Management Group. She leads IFC’s advisory business and manages its extra financial risk. IFC’s advisory work serves governments, industries, and individual companies helping the private sector’s growth drive development in the frontier of emerging markets.

Ms. Kyte joined IFC in 2000. In 2004 she became Director for Environment and Social Development, where she introduced new sustainability performance standards and disclosure policies, showing how environment and social performance can improve financial performance in emerging markets. Through the Equator Principles these standards are now a global benchmark. Championing innovation Ms. Kyte has encouraged efforts to create and transform markets in areas of energy efficiency finance, sustainable supply chains, and labor practices.

Most recently, she played a key role in shaping IFC’s approaches to IFC’s business focused on the women’s market and climate change.

Ms. Kyte has held elected positions in Europe and has founded and led NGOs focusing on women, the environment, health, and rights.

Prior to joining IFC, Ms. Kyte was a member of the management team of the World Conservation Union – IUCN. She holds an MA in International Relations from the Fletcher School of Law and Diplomacy and a BA in politics and history from the University of London.

Edan LeeManaging Director, Olympus Capital Holdings Asia

Edan Lee is a Managing Director of Olympus Capital Holdings Asia, responsible for investment activities in China. Olympus Capital is a leading Asian private equity firm focusing on the middle market and managing approximately US$1 billion of committed capital, with offices in Shanghai, Hong Kong, Tokyo, Seoul, New Delhi and New York. Mr. Lee holds a number of directorships in Olympus Capital portfolio companies. He is also an Advisory Director for Peking University’s Venture Capital Research Center. Prior to joining Olympus Capital, Mr. Lee served as Project Director for AES China Generating Co., where he developed and financed some of the largest direct investment projects in China at the time for the US-listed company; he currently is an Advisory Director for AES in China. Previously, he was a management consultant with McKinsey & Co. in the US and in Australia. Mr. Lee holds an MBA from the Stanford Graduate School of Business and BS and BA degrees from Rice University.

Michael Lee-ChinChairman, Portland Private Equity

Michael Lee-Chin is Chairman of Portland Private Equity, manager of the AIC Caribbean Fund. He is widely regarded as avisionary entrepreneur whose philosophy of “doing well and doing good” has resulted in phenomenal success and inspiring philanthropic initiatives.

As the founder of Portland Holdings Inc., Michael’s business accomplishments span various countries and numerous sectors. In addition to Portland Private Equity, Portland Holdings today owns a collection of diversified businesses operating in sectors that include financial services, telecommunications, tourism, media and health care.

Roger S. LeedsChairman, Emerging Markets Private Equity Association (EMPEA)

Dr. Roger S. Leeds is the Chairman of the Board of Directors of the Emerging Markets Private Equity Association (EMPEA). He also is a Professor at the School of Advanced International Studies (SAIS) at Johns Hopkins University, Director of the School’s Center for International Business and Public Policy, and an Adjunct Professor at the Wharton School, University of Pennsylvania. Previously in his career, Dr. Leeds worked as Managing Director and co-head of the emerging markets practice at Patricof & Co., a Partner at KPMG, a senior staff member at the International Finance Corporation, and an Associate at Salomon Brothers in New York. Dr. Leeds has worked in 100 countries in Latin America, Asia, Eastern Europe, the former Soviet Union, and Africa. He is also currently a member of the Council of Foreign Relations.

Dr. Leeds has a bachelor’s degree from Columbia University, and an MA and PhD from SAIS.

H. Jeffrey LeonardPresident & Chief Executive Officer and Founding Partner, Global Environment Fund

Dr. Leonard is the President and a founding partner of Global Environment Fund (GEF). Founded in 1990, GEF is among the largest, most experienced, and most successful private equity firms dedicated exclusively to investments in the energy, envi-ronment, and related sectors. Today GEF has approximately $1 billion in aggregate capital under management.

As architect of GEF’s global private equity investment program, Dr. Leonard serves as Chairman of the investment commit-tees for Global Environment Emerging Markets Fund, GEF Clean Technology Fund, and other GEF funds. Since GEF’s inception, he has led emerging markets private equity investments in the clean technology, independent power, gas distribution, water treatment, consumer products, healthcare, and forestry sectors. He currently serves on the Board of Directors of several orga-nizations supporting the asset class, including the Emerging Markets Private Equity Association (EMPEA), and he is co-chair of the Advisory Board for the Clean Technology Venture Network.

Currently, Dr. Leonard serves on the Board of the National Cooperative Bank; Reva Electric Car Company (Bangalore, India) and several other GEF portfolio companies. He has previously served as Chairman of the Board of Directors of International Pepsi-Cola Bottler Investments (Africa), and a founder and board member of Global Forest Products Ltd (Sabie, South Africa). In ad-dition, he has been a member of the Board of Directors of Centro Internacional de Agricultura Tropical (CIAT) in Cali, Colombia, and Chairman of the Water Supply & Wastewater Treatment Summit of the World Economic Development Congress.

From 1992 through 1998, Dr. Leonard served as a member of U.S. Department of Energy’s Hydrogen Technical Advisory Panel to the Secretary of Energy, and has previously served as an advisor or consultant to, among others, the World Bank, the U.S. Agency for International Development, the World Resources Institute, the U.S. Environmental Protection Agency, the U.S. Of-fice of Technology Assessment, and the Consultative Group on International Agriculture Research. In 2006 to 2007, he served as co-chairman of the energy transition team of Maryland Governor Martin O’Malley. He is a Board member of the National Council for Science and the Environment (NCSE) and is a founding board member and chairman emeritus of the Board of Beacon House Community Ministry, a not-for-profit organization dedicated to improving the lives of children and their families in northeast Washington, D.C.

Dr. Leonard is a graduate of Princeton (PhD), London School of Economics (MS Econ) and Harvard College (BA, magna cum laude). He is the author of five books and numerous technical articles relating to world trade, technology development, and global environmental industries.

Hanjaya LimantoManaging Partner, Aureos South-East Asia Fund, Aureos Advisers Ltd

Hanjaya joined Aureos in 2005 and is in charge for South East Asia region. The funds have made investment in 14 companies and have made full and partial exits from 3 investments.

He has over 20 years of investment and business operation experience. He has particular expertise in consumer and retail sec-tors in South East Asia. With CDC Group plc and JD Ventura Corporation, he developed expertise in seed financing, acquisition of distressed assets and leveraged buy-outs. He gained experience in business operation and consumer sectors from his 8 years tenure with Procter & Gamble.

Aureos Capital is a global private equity fund management company, which specializes in providing expansion and buy-out capital to unlisted small-to mid-cap businesses across Asia, Africa and Latin America. Since its establishment in 2001, Aureos has grown its funds under management to over US$1.2 billion.


Omar Lodhi Executive Director, Abraaj Capital

Omar Lodhi joined Abraaj in 2005, and has 16 years of private equity and investment banking experience in the Middle East, Asia and Europe. At Abraaj, Mr. Lodhi has been involved in many aspects of the business. Until early 2009, he headed on one of three investment-management teams responsible for deal sourcing, execution and post-acquisition management of partner companies. His main area of focus was Turkey and the Gulf, targeting a range of sectors including oil and gas, education, food and agriculture, and industrials. During this time, he was responsible for undertaking and managing several investments for Abraaj Funds, including Gulf Marine and Offshore Maintenance Service Ltd (GMMOS), Global Education Management Systems (GEMS) and Tadawi, the biggest retail pharmaceutical business in Saudi Arabia.

Mr. Lodhi has also played a leading role in the development and launch of new funds including Infrastructure and Growth Capital Fund, and Abraaj Buyout Fund IV. He currently manages Abraaj’s Investor Coverage business (AIC), spanning existing and poten-tial limited partners regionally and internationally and also serves on the firm’s six member Executive Management Committee. Before joining Abraaj, Mr. Lodhi was Head of Islamic Finance for Citigroup in the Asia-Pacific region, focusing on primary capital-market fund raising, and the structuring and distribution of alternative investments. Prior to that he spent several years with UBS in London and Hong Kong, focusing on advisory and principal opportunities in various infrastructure sectors in Europe and Asia, including telecoms, power, and downstream oil and gas. Mr. Lodhi is a graduate of the London School of Economics with an Honours degree in International Trade and Development, and holds a Master of Business Administration from the Harvard Business School.

Doug LowensteinFounding President, Private Equity Council

Doug Lowenstein is the founding president and CEO of the Private Equity Council.

Before joining the organization in February 2007, Lowenstein founded and served as president of the Entertainment Software Association (ESA). In his 13 years at that organization, Lowenstein built the ESA into the most influential and important world-wide trade body representing the $30 billion computer and video game software industry.

Earlier, Lowenstein was an executive vice president in the Washington and New York strategic communications firm Robinson Lake Sawyer Miller, Inc. From 1986-1991, Lowenstein was a Principal in National Strategies, Inc., a Washington DC public policy consulting firm.

From 1982 through 1986, Lowenstein worked for U.S. Senator Howard Metzenbaum (D-OH), spending the last two years as legislative director.

Lowenstein spent the first eight years of his career as a newspaper reporter, starting with the Buffalo Courier Express, followed by two years at the Capitol Hill News Service. From 1976-82, he was a correspondent in the Cox Newspapers Washington Bu-reau.

In 1982, he authored a biography of his late uncle, Allard K. Lowenstein, a member of Congress and anti-war, civil rights and human rights activist, who was killed in 1980. Entitled, “Lowenstein: Acts of Courage and Belief,” the book was published by Harcourt Brace Jovanovich. Douglas Lowenstein received a B.A. degree in Political Science in 1973 from Washington University in St. Louis.

Pinak Maitra Chief Financial Officer, KIPCO Group

Mr. Pinak Pani Maitra has worked for KIPCO Group for over 20 years and has played a vital role in the Group’s strategy develop-ment and risk management initiatives.

Mr. Maitra has been instrumental in identifying and developing scalable businesses with high growth potential and rich operat-ing margins. As the Group Chief Financial Officer, he has focused on developing the Group’s strategic planning, budgeting and reporting processes. He has been involved in overseeing the capital market decisions of Group Companies and in ensuring that these businesses are rated and listed.

He has been awarded KIPCO’s ‘Employee of the Year’ twice and was also named as ‘Private Sector CFO 2008’ by CFO Middle East Strategies. Prior to joining KIPCO, he worked for the accountancy firms Arthur Andersen and Arthur Young.


Sipho MakhubelaInvestment Director, Harith Fund Managers

Sipho Makhubela is employed by Harith Fund Managers (Proprietary) Limited (Harith) as an Investment Director. He is respon-sible for deal sourcing, evaluation, structuring, negotiation and monitoring, in a team comprising of nine. Sipho is qualified both locally and internationally, and holds a Bachelor of Accounting degree, a Post Graduate Diploma in Accounting, a Postgraduate Degree in Management and an Masters in Business Administration. Prior to joining Harith, Sipho held various management posi-tions in corporate and investment banking. Sipho has both led and participated in, as the case may be, three of the six invest-ments that Pan African Infrastructure Development Fund (PAIDF) has committed in to date. Notably, Sipho was also involved in the strategic development and establishment of Harith and PAIDF. In this regard, he developed the initial deal pipeline of Harith, comprising of an “A” list with an aggregate value of USD13,8 billion, and “B” list with an aggregate value of USD18 billion. Of the investments listed on the initial “A” and “B” lists, PAIDF provided approval for investments aggregately valued at USD130 million to proceed to due diligence.

Peter Marber Global Head of Emerging Markets Fixed Income and Currencies, HSBC

Peter Marber is global head of GEM fixed income and currencies at HSBC Halbis company in New York. He was previously found-ing partner and Chief Strategist for The Atlantic Funds, LLC which was acquired by HSBC in 2005.

Since 1987, Marber has professionally invested billions of dollars in the emerging markets for many of the world’s largest corpo-rations and financial groups. He currently manages three of the top S&P rated funds for emerging markets debt, and was named “Emerging Markets Bond Manager of the Year” by Morningstar (Asia) in 2008. He began his career at Swiss Bank Corporation, and he was founder and president of the emerging markets subsidiaries at Wasserstein Perella.

Marber is on the faculty of Columbia University, teaching both in the Business School and School of International and Public Affairs since 1993. He has lectured at dozens of international conferences, and has been a market commentator for CNN, CNBC, Reuters, Bloomberg, and the Wall Street Journal. He serves on advisory boards for the New America Foundation, World Policy Institute, and the Emerging Markets Traders Association and has authored more than 100 articles and columns on international finance and globalization. Marber’s first book, From Third World to World Class: The Future of Emerging Markets in the Global Economy, was named a top ten business book in 1998 by the Knight Ridder newspapers and was called “future reference reading for The 24/7 Global Marketplace” by Wired magazine in 2001. His second book, Money Changes Everything: How Global Prosper-ity is Reshaping Our Needs, Values, and Lifestyles, was published by Financial Time Prentice Hall in 2003. David Brooks of the New York Times has noted, “Money Changes Everything is an outstanding primer on the awesome social effects of globalization.” His latest book, Seeing the Elephant: Understanding Globalization from Trunk to Tail, was published by John Wiley in 2009.

Edward Mathias Managing Director, The Carlyle Group

Edward J. Mathias is a Managing Director and Partner of The Carlyle Group, a global private equity firm. He was instrumental in the founding of The Carlyle Group and assisted in raising the firm’s initial capital. Prior to joining Carlyle in January 1994, Mr. Mathias was a member of the Management Committee and Board of Directors of T. Rowe Price Associates, Inc., a major invest-ment management organization.

Mr. Mathias presently oversees Carlyle’s Global Growth Products and also serves on the Investment Committees for Carlyle’s energy affiliate, Carlyle-Riverstone, as well as The Mid-Eastern Northern African Fund (MENA). He is also active in an advisory role for the firm’s Global Credit Funds.

Mr. Mathias holds an M.B.A. from Harvard Business School where he serves on The Dean’s Board of Advisors. He has an un-dergraduate degree from the University of Pennsylvania and is presently a Trustee and member of the Penn Investment Board that oversees the University’s endowment. He also serves on The Howard Hughes Medical Institute’s Investment Advisory Committee. Mr. Mathias is a director of NexCen Brands, Inc. He is a member of The Council on Foreign Relations, co-chairs the President’s Circle at the National Gallery of Art where he is also a member of the Trustees’ Council, and is Program Chairman for The Economic Club of Washington.



Christopher MayoPrincipal, Probitas Partners

Chris has fourteen years of industry experience and leads Probitas Partners’ real estate secondary activities globally. Prior to joining Probitas Partners, Chris was a Managing Director at Aperture Ventures, a firm focused on purchasing direct venture in-vestments in secondary transactions. Prior to joining Aperture Ventures, Chris was a Director at GFP Advisors, a San Francisco-based boutique investment bank. At GFP Advisors Chris was responsible for the management and execution of capital raising and merger and acquisitions assignments. Chris was also an investment banker at Bank of America Securities and its predeces-sor organizations.

Degrees: Bachelor of Science, Economics, Wharton School at the University of Pennsylvania, 1992.

James E. McGuiganPrivate Equity Partner, Capital International Private Equity Funds (CIPEF)

James E. McGuigan is a Partner with the Global Private Equity Group of Capital International, Inc. (one of the Capital Group Companies). He joined the Capital International Private Equity Funds team in April 2000, after spending over sixteen years as a lawyer and later as an investment banker handling cross-border mergers and acquisitions and direct investment transactions. Prior to joining Capital, Jim was based in Tokyo as Managing Director of Capital Co. of America, a unit of Nomura Securities Co., Ltd.

From 1994 to 1998, Jim was a Managing Director of Peregrine Capital (USA), Inc. where he had a senior role handling cross-border M&A and direct investment transactions in various Asian countries on behalf of leading U.S. strategic and financial investors. Prior to Peregrine, he had positions handling U.S./Asian cross-border acquisitions and direct investments at Peers & Co. and at Mitsui & Co., Ltd.

Jim received a JD from the University of Oregon School of Law and a BS in finance from the University of Oregon. He is based in Capital International’s San Francisco office.

Prakash MehtaPartner, Co-Head Investment Funds and Private Equity Practices, Akin Gump Strauss Hauer & Feld LLP

Prakash Mehta practices in the area of international corporate transactions and is co-head of the firm’s private equity group. He represents investment banks, private equity houses, multilateral institutions, and multinational groups. Mr. Mehta evaluates structures and negotiates private equity-style investments (minority and control), exit transactions (strategic sale, recapitalization, IPO) and other M&A transactions (joint ventures, stock, and asset sales). He provides ongoing counselling on investor and portfolio company matters and serves as corporate counsel to public and private portfolio companies. Mr. Mehta also advises sponsors in the structuring, formation, and operation of complex international private equity funds and institutional investors acquiring positions in private equity, buyout, mezzanine, distressed, and pledge funds. Mr. Mehta has handled cross-border transactions in a number of countries including Brazil, Chile, China, Finland, India, Indonesia, Korea, Ma-laysia, Mexico, Norway, the Philippines, Russia, Sweden, the United States, and Venezuela. He also has closed regional funds focused on investment in Asia, Africa, and Latin America.

Mr. Mehta received his BSFS summa cum laude in 1991 and his JD magna cum laude in 1994 from Georgetown University, where he served as associate editor of The Georgetown Law Journal, participated on the Jessup International Law Moot Court Team, and was elected to Order of the Coif. He is a member of the District of Columbia Bar and the Indian-American Bar Association.

Neil MilneManaging Partner, Abris Capital Partners

Neil Milne is a Managing Partner and co-founder of Abris Capital Partners.

Abris manages a €320 million mid-market private equity fund focussed on the leading economies of Central & Eastern Europe. In addition to its principal operations in Warsaw, Abris has investment professionals based in both Kiev and Bucharest. Since its inception in 2007 Abris has successfully completed transactions in Poland, Ukraine and Romania, across a range of sectors.

Prior to Abris, Mr Milne was the managing partner of Copernicus Capital Partners, a private equity manager he co-founded in 1994, targeting investment opportunities in Poland and South East Europe. Separately, Copernicus was also responsible for the management of two of the restructuring / privatization funds established under Poland’s Mass Privatisation Program.

Prior to working in CEE, Mr Milne managed a corporate finance and private equity business in the UK. He currently lives in Warsaw, Poland.


Luis MirandaPresident & CEO, IDFC Private Equity

Luis has set up 2 companies and has extensive experience in dealing with early stage companies and private equity investing. In 2002, he set up IDFC Private Equity. He was earlier a Partner at ChrysCapital. Prior to that, he spent 11 years in sales and trading and was a key member of the start-up team at HDFC Bank, India’s leading private sector bank. Luis is the Co-Chairman of the India Venture Capital Association (IVCA) and a Director of the Emerging Markets Private Equity Association (EMPEA). Luis chairs the Asia Cabinet of the Global Advisory Board of the University of Chicago, Booth School of Business. Luis is on the World Economic Forum’s Expert Committee to formalise strategies in the infrastructure space.

Luis received an MBA from the University of Chicago, Booth School of Business.

Idris MohammedPartner, Development Partners International (DPI)

Idris Mohammed is a partner at Development Partners International (“DPI”), a pan-African private equity management firm based in London. Mr. Mohammed was previously a Vice President at WPA, Inc., the fund manager for Africa International Financial Holdings, a US$100 million private equity fund focused on the financial services sector in Sub-Saharan Africa. Before that, Mr. Mohammed was a Vice President in the Special Situations Group at Goldman Sachs where he focused on making principal investments in the energy, power, and infrastructure sectors, and helped build the group’s project finance and renew-able energy investment businesses.

Mr. Mohammed began his financial career at CoreStates Financial Corp (now part of Wells Fargo) in the asset management business. He subsequently held positions in treasury and asset/liability management. Mr. Mohammed is a Chartered Financial Analyst and holds a BSc in Industrial Engineering from Lehigh University and an MBA in Finance and Strategic Management from The Wharton School of the University of Pennsylvania. He is a citizen of Nigeria and the US.

Nik MorandiVice President, Pantheon Ventures, Inc.

Nik joined Pantheon in April 2007 as a Senior Associate on the Global Secondaries team. He began his career with SG Hambros, where he joined the Generalist M&A team and worked on a wide variety of acquisitions and divestitures for both corporate and private equity clients. He then joined the London-based European M&A team of UBS Investment Bank where he primar-ily worked on M&A and corporate finance mandates for mid to large cap clients. He has a degree in Economics from the London School of Economics, an MPhil in European Politics and Economics from Oxford University, and is fluent in English and Italian. Nik is based in New York.

Marcelo Marques MoreiraCEO, TIBA Agro

Marcelo Moreira is a Senior Member of the Advisory Board for Private Equity of Vision Brazil Investments. Vision is a US$ 2 bil-lion asset management firm focused on Private Equity and Alternative Investments in Brazil. The investment team was formed in 2003 by seasoned professionals with extensive experience in real asset classes in Brazil, such as: Distressed Debt, Restructured Government Debt, Real Estate Development, Agricultural Credit, Renewable Energy and Agricultural Land Ownership/Produc-tion. Vision’s client base is composed of North American, European, Asian and Middle Eastern institutional investors. Since 2008 Mr. Moreira is the CEO of TIBA, Brazil’s largest agriculture land developer, a company formed and sponsored by Vision. Tiba was established in 2007 to capitalize on the Brazilian Agribusiness opportunities and, since its foundation, TIBA acquired more than 300 thousand hectares of land in Brazil´s agricultural frontier. Currently, the company is focused on grains and produces on 40 thousand hectares, with plans to expand aggressively through land development and new land acquisitions. Mr. Moreira is also a Board Member of DASA – largest publicly traded medical diagnostic company in Latin America – having worked for the company from 1999 to 2008, where he held positions as CFO, COO and 3 years as the CEO and Investor Relations Officer. Mr. Moreira was also a partner at Pátria Investimentos, where he was responsible for monitoring the performance of the Brazil Private Equity Fund’s portfolio companies. Before 1998, Mr. Moreira was the CFO of Fotoptica, Brazil’s largest photo and optical retail chain. Mr. Moreira has Bachelor in Economics degree from Universidade Federal do Rio de Janeiro.


Victor Muñoz Managing Director, Denham Capital

Victor Muñoz is a Managing Director of Denham Capital and brings ten years of investment experience to the firm. Victor is head of Denham’s Latin American office in Sao Paulo and is responsible for origination, analysis, structuring and execution of invest-ments in Latin America for all the firm’s sectors. He is fluent in Spanish and Portuguese. Prior to joining Denham Capital, Victor was a Director at PSEG Global, a Manager at Enron North America and an Associate at Chase Securities. Victor received a Bach-elor of Science from Los Andes University in Colombia and a Master of Business Administration from Harvard Business School.

Gordon MyersPrincipal Counsel and Team Leader, Technology and Private Equity Legal Department, International Finance Corporation (IFC)

Gordon Myers has been with International Finance Corporation since 1995 and has headed its private equity fund practice since 2006. He is also the head of IFC’s information technology and life sciences practices, and advises generally on technology, equity and compliance issues.

Before joining IFC Gordon practiced corporate and securities law with Dewey Ballantine in New York City. He holds an under-graduate degree in economics (with honors) from Stanford University, an M.B.A. in finance from The Wharton School, and a J.D. from Stanford Law School, where he was articles editor of the Stanford Law Review.

Sarath NaruManaging Partner, VenturEast

Sarath has been focused on venture style investing in India for the last 12 years, as the founder and Managing Partner of Ventureast. Ventureast’s trademark investing style has been to enter new investment sectors, while innovating on investment approaches. Their investment approach attempts both breadth as well as depth, having helped build a listed drug discovery company as well as a listed semi-conductor company; India’s leading port management services Company as well as one of South India’s leading dairy products company.

Prior to this, Sarath built a trading and manufacturing business spanning the USA and India. He gained significant experience working for Procter & Gamble in the area of brand management (marketing & general management) in the USA, and in manu-facturing with British American Tobacco subsidiary (VST Industries). His academic qualification includes a Bachelor of Technology (B.Tech.) from IIT, Madras and an MBA (Finance) from Booth-GSB at the University of Chicago.

Sarath has been a past-secretary of the Indian Venture Capital Association, and is currently its Executive Committee member. He is a member of the Board and Investment Committees of UTI/Ascent Capital and, previously of Avigo Capital. He is the Chair-man of the Agri-Business Incubator Investment Committee, at ICRISAT, Hyderabad; and is a Board member the IIT R&D Park at Chennai, and the ICICI Knowledge Park Incubator. He was the treasurer of Association for Biotech Lead Enterprises (ABLE), and is currently on its Executive Committee.

Peter O’DriscollCo-Head of Global Private Equity, Orrick, Herrington & Sutcliffe LLP

Peter O’Driscoll is a partner at Orrick, Herrington & Sutcliffe LLP, resident in the Firm’s London office. He has twenty-one years experience working in emerging markets, beginning with the Latin American debt crisis. Today his practice is focused almost exclusively on private equity and M&A work in emerging markets. In the last ten years, he has advised private equity funds, strategic investors, and companies on transactions in the telecom, oil and gas, mining, electricity, transportation, and consum-er sectors in Russia, Ukraine, Kazakhstan, Georgia, Lithuania, Estonia, Bangladesh, Indonesia, Nigeria, Kenya, and Ethiopia. Mr. O’Driscoll has practiced law in London since 1991, and from 1987 to 1991 he practiced in New York.

Mr. O’Driscoll is named in Legal Media Group’s Guide to the World’s Leading Energy and Natural Resource Lawyers and World’s Leading Project Finance Lawyers. He holds a JD from Northwestern University School of Law and a BA from Oral Roberts University.

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Nicholas Parker Executive Chairman and Co-Founder, Cleantech Group

Nicholas Parker co-founded the Cleantech Group, introducing the cleantech concept to the investment and business communi-ty in 2002. Previously Nicholas accumulated over 15 years experience starting and investing venture funds worldwide through limited partnerships, family offices, corporate funds and endowments. During this time, he pioneered the first “sustainability” driven private equity funds and participated in one of the first solar IPOs. In the 1990s, he also founded, built and sold an envi-ronmental finance firm. He has served as an advisor to multilateral agencies and major corporations.Nicholas earned a BA Hons. in Technology Studies (Carleton University, Ottawa) and an MBA (City University, London), and has authored or edited more than ten publications related to cleantech, finance and international business, starting with Invest-ing in Emerging Economies in 1993. He served as Chairman of E+Co, a public purpose investment company for clean energy enterprises in developing countries, and is on several boards, including: Government of Singapore Cleantech Advisory Board, Canadian Centre of Excellence for Commercialization of Research and the X PRIZE Energy & Environment Council. He is a Fel-low of the Royal Society for the Arts, Manufactures and Commerce (RSA). Nicholas has lived and worked in Africa, Asia, Europe and North America and currently resides with his two children in Toronto.

Carlos PerryCOO, Emerging Markets Private Equity Association (EMPEA)

Carlos Perry serves as Chief Operating Officer at the Emerging Markets Private Equity Association (EMPEA). Before joining EMPEA, he was a strategy consultant at McKinsey & Company, working with financial services, media, and telecom clients in North America and Asia. Previously, he served as Executive Vice President - International for the Yankee Group, a technology research firm where he launched new products, subsidiaries, and joint ventures in markets including Japan, the U.K., Australia, Brazil, Mexico, China, Korea, and South Africa. He also led consulting engagements related to telecom liberalization in Brazil, India, United Arab Emirates, Thailand, and other markets. Prior to Yankee, Mr. Perry was an entrepreneur and consultant in Russia and Hungary. Mr. Perry holds an MBA in finance from Columbia Business School, a Masters of Law and Diplomacy from the Fletcher School at Tufts University, and a BA in international politics from the Elliott School at George Washington University.

Robert PettyManaging Partner and Co-Founder, Clearwater Capital Partners

Robert Petty is the Managing Partner of Clearwater Capital Partners and a member of the firm’s Investment Committee. Based in New York, Mr. Petty’s principal responsibilities encompass portfolio management, trading, and sourcing.

Prior to founding Clearwater in 2001, Mr. Petty garnered twenty-three years of experience while holding several positions of increasing responsibility at Amroc Investments LLC, Peregrine Fixed Income Ltd, and thirteen years with Lehman Brothers Hold-ings, Inc. In his roles, he was a capital committer in credit instruments from Asia to Europe including corporate bonds, loans, and private placements.

Since inception of the firm, Mr. Petty and his partners, Amit Gupta and Bruno Beuque, have utilized their management exper-tise to invest profitably, fueling the growth of assets under management as well as firm infrastructure. Clearwater currently manages $1.7 billion in assets across four funds and boasts eighty-six team members across eight locations: New York, Beijing, Hanoi, Hong Kong, Mumbai, Munich, Seoul, and Singapore.

Mr. Petty holds a BA in Political Science from Brown University. Mr. Petty is 47 years old and resides in New York with his wife and three children.


David PierceCEO, Squadron Capital

David Pierce has worked in East Asian business, investment management and private legal practice since 1982, based at vari-ous times in Beijing, Hong Kong, Shanghai, Singapore, Taipei and Tokyo. In addition to his role as Chief Executive Officer of Squadron Capital, Mr. Pierce is Senior Managing Director of Search Investment Group, with which he has been associated since 2001.

Immediately prior to joining Search Investment Group, Mr. Pierce was a partner in the Shanghai office of an international law firm, where his practice was focused on investments in and business transactions with China, an area of expertise developed since the mid-1980s. In the 1990s he was president of a China-focused private equity firm.

Mr. Pierce is currently Vice Chairman of the Hong Kong Venture Capital & Private Equity Association as well as of the limited partner advisory committees of a number of private equity funds. He is also a member of the board of ACCIÓN International, the global not-for-profit microfinance organization.

Mr. Pierce holds an LLM from the London School of Economics, a JD cum laude from Harvard Law School and a bachelor’s degree summa cum laude from Dartmouth College. He is a member of the California and New York bars. Mr. Pierce speaks Mandarin Chinese.

Henry PotterPartner, Alpha Associates

Henry Potter joined Alpha Associates in September 2008 from the European Bank for Reconstruction and Development (EBRD) in London. Henry is a Partner at Alpha Associates, responsible for raising and investing Alpha’s private equity funds of funds in eastern Europe. Henry has extensive experience investing them in primary fund investments, secondary fund investments, and direct private equity investments in the region. Before joining Alpha, Henry worked at the EBRD for 14 years and was responsible for a number of investments that the EBRD made both in private equity funds as well as directly into financial institutions and companies in Central & Eastern Europe and Russia/CIS. As Senior Banker, he helped to build EBRD’s private equity funds invest-ment program into the largest in the region. In addition to his managerial and transactional responsibilities, he oversaw EBRD’s private equity performance data collection and analysis as well as the co-investment program between EBRD and its portfolio funds. Henry holds a B.A. and a M.Sc. from the McGill/London School of Economics.

Parham PouladdejManaging Director, CRG Capital

Parham Pouladdej has over 23 years experience in developing and implementing financial, operational, and strategic plans for underperforming and turnaround companies, including in special situations private equity funds.He has led and managed hundreds of workout and turnaround plans for companies in the United States, South America, and Europe, including in CEE. Parham has also been appointed general partner and investment advisor of three private equity and venture capital funds in the United States and CEE. Parham’s assignments have encompassed a wide variety of industries including manufacturing process, technology, healthcare, real estate, retail, and distribution. He has also served on numerous boards of directors of public and private companies and at management level in funds. Prior to joining CRG, Parham served for five years at Price Waterhouse Coopers Financial Advisory Services. Parham graduated from the University of Massachusetts with BSBA Magna Cum Laude in Accounting and Finance. Parham is a Certified Public Accountant (CPA) in the United States and Certified Turnaround Professional (CTP).



Robert Pozen Chairman, MFS Investment Management

Robert C. Pozen is Chairman of MFS Investment Management®, which manages over $180 billion in assets for over five million investors worldwide. He assumed his current position in 2004.

During 2002 and 2003, Bob was the John Olin Visiting Professor at Harvard Law School, teaching interdisciplinary courses on corporate governance and financial institutions. He currently serves as a senior lecturer at the Harvard Business School.

In late 2001 and 2002, Bob served on President Bush’s Commission to Strengthen Social Security. He developed two models for closing the system’s long-term deficit: “Retiring on a Budget”, New York Times (Feb 2004), and “Arm Yourself for the Coming Battle over Social Security,” Harvard Business Review (Nov 2002).

In 2003, Bob also served as Secretary of Economic Affairs for Massachusetts Governor Mitt Romney. He helped the Governor close the state’s large budget gap and reorganize its functions in business and technology, labor and workforce training and consumer affairs. In addition, he supervised the banking and insurance departments.

Bob was formerly vice chairman of Fidelity Investments and president of Fidelity Management & Research Company, the invest-ment advisor to the Fidelity mutual funds. During Bob’s five years as president, Fidelity’s assets increased from $500 billion to $900 billion. From 1987 to 1996, Bob was managing director and general counsel of Fidelity Investments. He was also a director of Fidelity’s insurance company and credit card bank.

Before joining Fidelity, Bob was a partner at the Washington, D.C., law firm of Caplin & Drysdale, where he led the banking/secu-rities department from 1981 to 1986. Prior to that, Bob was associate general counsel to the Securities & Exchange Commission from 1978 to 1980. Bob also was a law professor at Georgetown and New York University from 1973 through 1977.

In 1968, Bob graduated summa cum laude and Phi Beta Kappa from Harvard College, which awarded him a Knox Traveling Fel-lowship. In 1972 Bob received a law degree from Yale Law School, where he served on the editorial board of the Yale Law Journal. In 1973, he received a JSD from Yale for his doctoral thesis on state enterprises in Africa.

Bob is an outside director of Medtronics, Inc. In addition, he is involved with various non-profit organizations, such as the Har-vard Neuro-Discovery Center and the Commonwealth Fund. He is a fellow of the American Academy of Arts and Sciences, and was a member of two commissions on global competitiveness. He was chairman of the SEC advisory committee on improving financial reporting, which published its recommendations in August of 2008.

Bob has published many articles on various subjects in the Wall Street Journal, the New York Times, the London Financial Times, Foreign Affairs and Harvard Business Review. In addition, he authored the first textbook comparing the regulation of banks to other financial institutions and the main textbook on the mutual fund business. His latest book, published in November, 2009, is entitled Too Big To Save? How to Fix the U.S. Financial System.

Born in 1946, Bob lives in Boston, Massachusetts with his wife Liz, a psychotherapist and figurative artist. They have two adult children, Joanna and David.

Khalid Quadir CEO, Brummer & Partners Asset Management (Bangladesh) Ltd.

Khalid Quadir is the CEO and a Partner of Brummer & Partners Asset Management (Bangladesh) Limited, which manages Fron-tier Fund, the first private equity fund in Bangladesh. He has 18 years of experience in private equity, entrepreneurship and banking. Khalid co-founded Gonofone, a New York based company, which is the founding partner of GrameenPhone, the largest mobile phone operator in Bangladesh. Khalid also founded and managed bracNet, a Bangladesh wireless broadband operator. Prior to that, he spent 12 years working in private equity and banking in the United States. Khalid is a graduate of Middlebury College, Vermont and was awarded an entrepreneurship fellowship at Stanford University, California in 2003.


Mark Ramsey President, Macquarie Capital Mexico & Executive Director, Macquarie Capital

Mark has been with Macquarie Group since 1997 and was closely involved in the development of the infrastructure and special-ised funds business, as Managing Director of the High Yield Infrastructure Debt Trust and the Global Infrastructure Fund. He was the Global Head of the Investment Bank’s Private Placement Group, a team of approximately 60 people whose task is to struc-ture, syndicate and place equity opportunities to fund and direct investors in all sectors of private equity including infrastructure, diversified industrials and property. Mark is currently the President of the Macquarie Capital Mexico City office. Macquarie Capital Mexico has launched the first infrastructure fund dedicated to Mexican assets in January this year.

Former DirectorshipsGlobal Head, Private Placement Group• Joint Global Head, Investment Banking Distribution Group• Executive Chairman, Macquarie Specialised Asset Management Limited• Macquarie Infrastructure Debt Management Limited• Prospect Water No. 1 Pty Limited.• Prospect Water No. 2 Pty Limited.• Airtrain Citylink Limited.• Reef Networks Pty Limited.• Nextgen Networks Pty Limited• Micromedical Industries Limited• The Environmental Group Limited• Horizon Energy Investment Management Limited• Technology Transactions Ltd•

André RouxCEO & Founding Partner, Ethos Private Equity

André Roux is the founding partner of Ethos, having established the business in 1984. As chief executive, he has overall respon-sibility for the company’s strategic, operating and investment activities. He is regarded as a pioneer in the private equity industry in South Africa, and has more than 25 years experience in investment banking. He has lectured extensively on the private equity industry to business schools, has featured as a speaker at industry conferences and has participated in numerous industry-related symposia.

Prior to the establishment of Ethos, André jointly held the positions of Chief Executive of FirstCorp Capital Investors Limited and FirstCorp Merchant Bank. He has served on the boards of several portfolio companies associated with the various investment funds advised by Ethos.

André graduated with a Bachelor of Commerce degree from the University of the Witwatersrand. He is also a member of the South African Institute of Chartered Accountants and serves on the Board of the Emerging Markets Private Equity Association.

Patricio Gomez SabainiManaging Partner, Sur Capital Partners

Patricio Gomez Sabaini is the managing partner and founder of Sur Capital Partners, a private equity fund with investments in Argentina and Chile. Mr. Gomez Sabaini was managing director of the GE Capital private equity group in Latin America from May 1999 until May 2004. Previously, Mr. Gomez Sabaini worked at Banco Rio and Bunge Corporation.

Mr. Gomez Sabaini received a Master in Business Administration degree from George Washington University and a Bachelor in Business Administration from George Mason University.

Mr. Gomez Sabaini currently serves as a director of Integramedica, a leading health care company in Chile; TIBA, a satellite infra-structure services company in Latam and El Tejar Ltd, one of the largest grains producers in the world, producing approximately 3 million tons of grains - soybeans, corn, wheat - over 880.000 hectares of farm land in Brazil, Argentina & Uruguay.


Mani A. SadeghiManaging Partner, Equifin Capital Partners

Mr. Sadeghi is a founder and Managing Partner of Equifin Capital which has been leading investments in the commercial finance, consumer finance, and related sectors since 1998. Equifin Capital focuses exclusively on investing in financial assets and financial service companies, leveraging the industry expertise of its principals, who have operated, invested in, and financed companies in the sector for over two decades. Prior to founding Equifin, Mr. Sadeghi was Group President of AT&T Capital Corporation, with profit and loss responsibility for commercial and consumer finance businesses with over $3 billion in assets. In 1996, he was a principal in the $900 million management buyout of AT&T Capital. Prior to AT&T Capital, he managed the Strategic Planning and Business Development Group at GE Capital Corporation and began his career at Bain & Company.

Equifin Capital has invested through credit and distress cycles, managing the turnaround of consumer finance company Aames Financial Corporation in the early 2000’s, commercial real estate operator Brookdale Living Communities in the mid 2000’s, and is currently the lead investor in Residential Credit Solutions (RCS), an integrated mortgage investor and special servicer focused on the $ 2 trillion of at risk residential mortgage assets in the US financial system. RCS recently completed one of the largest distressed asset transactions with the Federal Deposit Insurance Corporation (FDIC).

Mr. Sadeghi is the chairman of Residential Credit Holdings, LLC, the holding company of RCS, and serves on the Board of Directors of Flagship Credit Corp. Previously, he served as Chairman of the Board of NewStar Financial, Inc., was on the board of Aames Investment Corporation and the Chairman and CEO of its predecessor, Aames Financial Corporation, and a board member of Brookdale Living Communities, Inc.

Mr. Sadeghi earned an MBA with distinction from the Wharton School of the University of Pennsylvania, where he was a Palmer Scholar, and earned both a Bachelor’s degree in Economics and a Master’s degree in International Policy from Stanford University

Jean Eric Salata Founder & CEO, Baring Private Equity Asia

Mr. Salata has been responsible for the investment activity of Baring Asia since 1997 when he established the regional Asian private equity investment program for ING’s Baring Private Equity Partners Ltd. Mr. Salata later led a buyout of Baring Asia from ING in 2000 to establish as an independent firm as it remains till today. Before that, Mr. Salata was a Director of Hong Kong based AIG Investment Corporation (Asia) Ltd., the Asian private equity investment arm of AIG. Also he was the Executive Vice President of Finance of Shiu Wing Steel, a Hong Kong based industrial concern, and prior to that a management consultant with Bain & Company based in Hong Kong, Sydney and Boston. Mr. Salata is a long time resident of Asia having lived and worked in Hong Kong since 1989. He graduated with magna cum laude from the Wharton School of the University of Pennsylvania with a B.S. in Finance and Economics. Mr. Salata was the recipient of the Asian Venture Capital Journal’s 2009 Private Equity Profes-sional of the Year award.

Maninder SalujaCo-Head, of Emerging Markets Private Equity, Quilvest Group

Maninder Saluja co-manages the emerging markets private equity program at Quilvest, a global institution that primarily man-ages the investments for one large family group as well as third party investors. Mani is involved in both the fund and direct private equity investment activities of the group.

Prior to joining Quilvest, Mani worked at Alvarez & Marsal, a crisis management and restructuring firm, where he assisted various North & South American companies and their creditors with operational and financial turnaround situations. Mani also worked in the New York and Hong Kong offices of Donaldson, Lufkin & Jenrette, where he worked on a variety of high yield, M&A, restructuring, public and private equity transactions in the United States, Western Europe, Russia, South America and Asia. In addition, Mani worked as the Director of Finance and Strategic Planning for a US based regional communications provider.

Mani received his MBA from the Harvard Business School and a BBA with a concentration in finance from the University of Michigan.


Nadiya SatyamurthyReserarch Associate, EMPEA

Nadiya Satyamurthy is a Research Associate at EMPEA. Prior to joining EMPEA, Ms. Satyamurthy worked as a Public Finance Fixed Income Associate for three years, initially at UBS Investment Bank and most recently Merrill Lynch, where she assisted numerous not-for-profit organizations evaluate their financial management strategies and access the tax-exempt bond market. Additionally, Ms. Satyamurthy previously served as a Senior International Business Associate for MASA, Inc., an international consulting firm focused on structuring strategic international partnerships and devising creative solutions for startups interested in raising capital. In this role, Ms. Satyamurthy focused on several sectors including nanotechnology, biotechnology and health-care within East Asia, Europe, the Middle East and Africa.

Ms. Satyamurthy holds a B.A. from Ohio Wesleyan University with concentrations in International Studies and French and a Master of International Affairs from Columbia University’s School of International & Public Affairs with a concentration in Inter-national Finance.

Joachim SchumacherFirst Vice President and Head of the Equity and Mezzanine Department, DEG

Joachim Schumacher is First Vice President and Head of the Equity and Mezzanine Department at DEG. Joachim is responsible for equity and mezzanine direct investments in private companies as well as commitments to private equity and mezzanine funds. Before joining DEG in 2002, Mr. Schumacher was working with TFG Venture Capital, a German venture capital management com-pany where he was heading a sector group focused on technology investments, as well as Sal. Oppenheim and Deutsche Bank.

Mr. Schumacher holds a Masters Degree in Banking and Finance from the University of Cologne, Germany and is a CFA charter-holder.

DEG is one of the largest European development finance institutes, based in Germany. It provides long term capital in form of debt, mezzanine and equity to private companies in developing and emerging markets in Latin America, Africa, Asia and Eastern Europe/Russia. DEG’s objective is to generate a positive development impact through its investments while generating a risk-adjusted, sustainable return on its invested capital. In 2009, DEG made new commitments in excess of €1 billion. As of the end of 2009 DEG holds a portfolio of €4.7 billion in more than 80 countries. DEG is part of the KFW Banking Group, which is a AAA-rated German banking group, majority-owned by the German government, with a total balance sheet of €395 billion at the end of 2008.

Dominic ScrivenChief Executive Officer, Dragon Capital

Dominic is British and graduated in 1985 from Exeter University, in Law and Sociology.

During more than twenty two years in investment, he has worked in Europe and Asia, and for public UK, US and Chinese firms. He enrolled in Hanoi University in 1992, and two years later in 1994, co-founded Dragon Capital.

Dragon Capital has an asset base of around $1.5bn, and invests across the Vietnamese economy. The company is a core devel-opmental shareholder in VFM, Vietnam’s first domestic fund manager; and also HSC, the securities arm of the HCMC provincial government.

A Vietnamese speaker, he sits on a number of boards including five public companies. He was awarded an OBE in 2006 and received the Recognition Award by Ho Chi Minh City People Committee in Jan 2008 for his outstanding contribution to the de-velopment of the financial market of Vietnam. He pursues external interests ranging from art and propaganda, to conservation and sustainability.


M.K. SinhaPresident & CEO, IDFC Project Equity Company Limited

Mr. Sinha is the President and CEO of IDFC Project Equity. He has over eighteen years of experience in private equity, project finance, corporate finance, and investment banking. Prior to IDFC, M.K. worked with GE Commercial Finance for over ten years in various roles across the U.S.A., London, Hong Kong, Singapore, and India. He is a Mechanical Engineer from IIT Kharagpur and an MBA from IIM Ahmedabad.

Richard SobelCEO, Alfa Capital Partners

Mr. Sobel joined Alfa Capital Partners as CEO in November 2003. Mr. Sobel has a long record of investment work in Russia dat-ing back to 1991. Since 1994, he has led or participated in over 25 direct investments in Russia and the former Soviet Union. From 1991 to 1994 Mr. Sobel worked with Batterymarch Financial Management in Moscow as a Director of investments and with EBRD as a principal banker in its privatization and restructuring team. In early 1994 Mr. Sobel helped organize the US$30 million Urals Regional Venture Fund, one of the first of eleven regional venture funds organized by EBRD to promote invest-ment in small and medium size enterprises in Russia’s regions. Later in 1994 Mr. Sobel co-founded Baring Asset Management’s US$160 million First NIS Regional Fund, predecessor to the Baring Vostok funds. Mr. Sobel serves on the Board of several ACP portfolio companies, on the Advisory Board of Pamplona Capital Partners, and on the Board of the American Chamber of Commerce in Russia. He is a member of the Council on Foreign Relations. Mr. Sobel received his MBA from Harvard Business School and a Bachelors Degree in Economics from Stanford University.

Sven SoderblomPortfolio Director, Southern Africa and Latin America, CDC Group Plc

Sven is Portfolio Director with responsibility over Latin America & Southern Africa at CDC Group plc, a UK government owned fund of funds for the emerging markets with close to $4bn in net assets and a particular focus on frontier markets in Africa and Asia. Sven has played a key role in building CDC’s African and Latin American fund portfolios over the past five years, where CDC has committed $1.8bn to close to 50 funds. Prior to joining CDC in 2005, Sven spent a number of years with the European Investment Fund, a Luxembourg based private equity fund of funds focused on European Private Equity and Venture Capital funds. Previous to this, Sven was at Alta Partners, a Barcelona & Madrid based M&A and PE firm. Before joining Alta, Sven spent a number of years as a market maker of Swedish bond options at the fixed income trading desk at Alfred Berg/ABN Amro in Stockholm. Sven studied at the Universities of Stockholm and Uppsala and majored in Economics and has an MBA from IESE, Barcelona.

Tom Speechley Executive Director, Board Member of Abraaj Capital, Member of the Abraaj Executive Committee, Abraaj Capital

Mr. Speechley is a member of the Abraaj Holdings Board of Directors, the firm’s Executive Committee and also its Investment Committee.

Since joining Abraaj in 2006 Mr. Speechley has focused on all kinds of alternative investments including private equity and real estate. A structuring and execution specialist, he played a lead role in structuring, raising and deploying the third Abraaj private equity fund, the US$2 billion, 2006/7 vintage Infrastructure and Growth Capital Fund (IGCF). This included taking the lead role on a number of investments, including the US$2 billion acquisition and subsequent merger/disposal of Egyptian Fertilizer Company and the c.US$1 billion acquisition of the Acibadem Healthcare Group in Turkey.

Mr. Speechley has also overseen the launch of the firm’s yield focused real estate platform – ‘ASAS’ – and the firm’s SME invest-ment platform – ‘Riyada Enterprise Development’ – for which he is the Chief Investment Officer. He has been a member of the firm’s investment committee since 2007.

Mr. Speechley trained as a lawyer and worked for several years as a leading corporate lawyer, including with firms in New York and London. During his 15-year career in the private equity industry Mr. Speechley has been heavily involved in more than 50 completed buy-outs, acquisitions and other financings.

Mr. Speechley is the author of several articles and publications on private equity and related topics, including two books on acquisition finance, the most recent of which was published in February 2008. Mr. Speechley holds a first class Honors degree in law from University of Sheffield, UK.

Anthony Stalker Partner, ADM Capital

Anthony Stalker is a Partner and Chief Operating Officer of ADM Capital Europe LLP and a member of ADM Capital’s Investment Committee. He joined ADM Capital from Merrill Lynch where he spent 11 years based in Asia. When he left Merrill Lynch in 2004 he was a Managing Director responsible for the global distribution of all equity and equity related products, including cash equity sales, equity derivative sales, and structured products, for Asia, Japan and Australia. Since 2005 he has sourced deals and developed ADM Capital’s expansion into Turkey, including the country’s first private debt restructuring. Anthony holds an MA and BA from Cambridge University and a Masters of Business Administration from the University of California.

Avril StassenInvestment Advisor, Agri-Vie

Avril Stassen is currently an Investment Advisor to Agri-Vie Investment Advisors (Pty) Ltd and SP Fund Managers (Pty) Ltd, the Fund Manager to the $100 m Agri-Vie Africa Agribusiness Private Equity Fund.

He is a Chartered Accountant (SA), Chartered Management Accountant (ACMA) and Chartered Financial Analyst (CFA - Interna-tional) by profession.

Avril is a seasoned professional with 17 years experience in the financial services industry, comprising investment management, private equity and investment banking and 5 years experience in strategic and business management. From a geographical point of view his primary focus has been on the Southern African market but he also has experience in the sub-Saharan African, North African, European, North American and Far Eastern markets.

He was a co-founder of AMB Capital Management (Pty) Ltd and AMB Private Equity Partners Limited (a JSE listed company), a ZAR 1 billion private equity fund in August 1998 and left their employ in December 2002. Prior to that he was employed as a Chief Investment Officer at Southern Asset Management, a subsidiary of Southern Life Association Limited (a top 5 Life Insur-ance company in SA), with assets under management of ZAR 50 billion, where he was involved in all aspects of investment management across all asset-classes for a period of 5 years. Prior to joining Southern Asset Management he was employed as investment professional by Allan Gray Limited, the largest privately-owned investment management firm in South Africa, for a period of five years.

During his career he has executed a large number of investments, assignments and projects and has served on numerous Boards of Directors, Executive Committees and Investment Committees and still holds non-executive directorship in a number of private companies.

He holds a B Acc and B. Acc (Honours) from Stellenbosch University and a B. Comm (Honours) from the University of Cape Town.

Subbu Subramaniam Managing Partner, MCap Fund Advisors

‘Subbu’ Subramaniam is a doyen in Private Equity in India, having been around the industry for the last 13 years. He has success-fully managed the entire life cycle of a Fund from raising Capital, deployment, value-add and managing exits profitably. He has experience in funding start-ups as well as Control transactions in listed entities and has served on the Board of several companies with distinction.

He is a highly regarded spokesperson of the PE industry as Chairman of the Venture Capital Association of India (VCAI), an initia-tive of the Association of Chambers of Commerce (ASSOCHAM) in india.

Prior to joining the PE industry, Subbu acquired rich experience across other asset classes including Currencies, Bond and Listed Equity trading during stints with Bank of America, Abu Dhabi Commercial Bank and Investec JV.

Undoubtedly one of the most qualified PE professionals in the region - not just because he is a Chartered Accountant, Cost & Management Accountant, Corporate Secretary and a graduate from India’s premier business school – the Indian Institute of Management , Ahmedabad (IIMA) but because he can also converse fluently in English, Tamil, Hindi, Malayalam, Kannada and Telugu besides having a working knowledge of Bengali and Gujarati which has helped him to empathise with promoters and “speak their language” literally.

He is the founder and Managing Partner of MCap Fund Advisors which reflects the firm belief that Management CAPabilities build Market CAPitalization!! The firm has on board several professionals with operating experience that augment the PE experi-ence of Subbu.


J. Scott SwensenChairman, Conduit Capital, LLC

Scott Swensen is the Chairman of Conduit Capital Partners, having co-founded the firm in 2003 to manage the Latin Power Funds. Conduit’s most recent fund, Latin Power III, held final closing in July 2006 with $392 million. The Funds invest equity in privately owned power generation and related infrastructure in Latin America and the Caribbean.

The Latin Power Funds were initiated at Scudder, Stevens & Clark in 1993, with Mr. Swensen as Lead Investment Manager. In 1998, Mr. Swensen was named head of the Private Equity Group at Scudder and Chairman of the Investment Committee of Scudder Venture Partners. In 2000, he was named head of the Special Investments Group. In 2002, Deutsche Bank AG acquired Scudder, and the Latin Power team joined DB Capital Partners.

Immediately prior to Scudder, Mr. Swensen was a Managing Director at Banque Paribas in New York. Mr. Swensen started his career at The Chase Manhattan Bank in New York.

Mr. Swensen holds a B.E. in Mechanical Engineering (Heat and Power) with High Honors from Stevens Institute of Technology and an M.B.A. from New York University.

Nassim Taleb, PhDDistinguished 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

Nassim N. Taleb has led three high profile careers, literary, scientific, and financial, around uncertainty, risk, and the fragility of human knowledge. He is a literary essayist, a distinguished professor, and a veteran derivatives trader/ hedge fund manager. He is known for a multidisciplinary approach to the role of the high-impact rare event (“Black Swan”) –across philosophy, eco-nomics, finance, engineering, cognitive science, and history. His current program is to design ways to live in a world we don’t quite understand and help “robustify” the world against the Black Swan.

Taleb is, among other books and research papers, the author of the NYT Bestseller The Black Swan: The Impact of the Highly Improbable. His books have more than three million copies in print in 31 languages, making him one the most read and most translated thinkers in history.

Taleb is currently Distinguished Professor at New York University Polytechnic Institute and Principal at Universa Investments. He has an MBA from Wharton and a PhD from the University of Paris.

“A giant of Mediterranean thought ... Now the hottest thinker in the world”, London Times. “He changed the way I view the world”. Daniel Kahneman, Nobel Laureate.

Graham Thomas Managing Director, Standard Bank Private Equity

Graham is the head of the Standard Bank Group’s global principal investing business business.

Graham joined Standard Bank from MidOcean Partners in London, where he was a founding partner. MidOcean spun out of Deutsche Bank in 2003, in a $1.5bn transaction and subsequently raised a $1.3bn fund. Prior to that, Graham was a founder member of Goldman Sachs’ Communications, Media and Technology practice in Europe, having joined Goldman Sachs in 1993. In this capacity he advised a number of leading companies, and worked closely with a number of leading financial sponsors on acquisitions, financings and exits.

Graham is a Rhodes Scholar, and received a Bachelor of Commerce degree, with distinction, from the University of Cape Town, a Bachelor of Commerce (Honours) Degree and Post Graduate Diploma in Accounting from the University of Cape Town and an MA from Brasenose College, Oxford.


Lars ThunnellExecutive Vice President & CEO, International Finance Corporation (IFC)

Lars H. Thunell, a Swedish national, is Executive Vice President and CEO of IFC (International Finance Corporation), a member of the World Bank Group.

Mr. Thunell is leading IFC in its mission to promote sustainable private sector development. Since joining the Corporation in January 2006, Mr. Thunell has advanced growth of IFC’s business and its mission to create opportunities in emerging markets and improve people’s lives. He has visited 76 countries, including 60 developing countries, to see firsthand how IFC can best help its clients with financing and advisory services. He has endorsed further decentralization of IFC.

Mr. Thunell joined IFC after a successful career in the financial services industry. Most recently, he was the Chief Executive Offi-cer of SEB, a North European commercial and investment bank. In the 1990s, Mr. Thunell served as the Chief Executive Officer of Trygg-Hansa, a Swedish insurance company, and as Deputy Chief Executive Officer of Nordbanken.

As President and Chief Executive Officer of Securum, an asset management company established by the Swedish government, he played a key role in the government’s strategy for resolving the country’s banking crisis of the 1990s. Under Mr. Thunell’s leadership, Securum was able to restructure and sell off distressed assets held by the government more quickly than originally expected, recovering value for the Swedish taxpayer.

Previously, he worked at ABB Zurich and at American Express in New York. He has also held numerous board positions with international companies and nongovernmental organizations.

Mr. Thunell graduated with a doctorate from the University of Stockholm and was a research fellow at the Harvard University Center for International Affairs.

Mara ToppingPartner, White & Case, LLP

Mara Topping is a partner in White & Case’s corporate funds group and concentrates on domestic and international private eq-uity investment funds, venture capital funds and hedge funds.

Ms. Topping has extensive experience in the formation, structuring and issuance of securities by private equity investment ve-hicles. She has represented investment managers, sponsors and investors, including high-net-worth individuals as well as banks and other institutional investors including international and development financial institutions. She has extensive experience with the formation and organization of joint ventures, investment companies, private equity funds, real estate funds and asset management companies, both restricted and open-ended. Ms. Topping has formed private equity vehicles targeting investments in Africa, the Middle East, East Asia, South Asia and Latin America, as well as several vehicles with a global or sector-specific focus. Private equity vehicles for which Ms. Topping has provided legal representation include those targeted at the microcap, smallcap, and midcap sectors, the acquisition of distressed assets, investments in financial institutions, infrastructure, sustain-able technologies, biodiversity sectors, expansions, reconstructions or reorganizations (including privatizations), management buy-ins and investments that combine both financial and social/developmental returns.

Ms. Topping has also structured funds that incorporate debt financing from the U.S. Overseas Private Investment Corporation, the Inter-American Development Bank and other development financial institutions as well as debt financing from private com-mercial banks. Ms. Topping has extensive experience with the formation and organization of hedge funds, with and without sidecars, venture capital funds and funds of funds.

Konstantin Torgov Operation Leader, European Bank for Reconstruction and Development (EBRD)

Konstantin Torgov is currently a Senior Banker in the EBRD Equity Funds team, which looks after a portfolio of around 90 invest-ments in private equity funds operating in the EBRD region. Konstantin’s primary focus is on Russia and the CIS, he also represents EBRD on the Advisory Boards of several Central and Southern European regional funds. Prior to the his current position Konstantin worked in the EBRD’s Small Business Group, arranging debt and equity financing for the banks and microfinance institutions. Konstantin’s previous career includes six years of investment banking and principal investment experience with Nomura in Lon-don, Moscow and Prague; as well as several years with Price Waterhouse in London. Konstantin graduated from the Moscow International Relations Institutite, he is a UK Chartered Accountant.



Bert van der Vaart Chairman, Small Enterprise Assistance Funds

Bert van der Vaart was one of the co-founders of SEAF in 1989. In 1991, he negotiated the establishment of SEAF’s first fund in Poland in 1992 and became its Director General in 1994. Under his leadership, this Fund grew to total capital under management of $16.8 million. While he was there, the Fund completed 40 investments and realized its first 6 exits. In 1997, he became SEAF’s CEO and President, where he has been involved with the establishment and supervision of each SEAF fund, including frequent visits to each SEAF fund office. Under Mr. van der Vaart, SEAF has made 310 investments and 171 realizations, with nearly $580 million under management and activities in 30 countries worldwide. In 2008, he became SEAF’s Executive Chairman.

Prior to joining SEAF, Mr. van der Vaart was a Partner with Gibson, Dunn & Crutcher in Washington, D.C, Frankfurt, and Brussels, where he specialized in corporate law, primarily with respect to corporate financings and mergers and acquisitions. From 1983 through 1984, he was a management consultant with Bain & Company in London and Munich. Mr. van der Vaart holds a J.D. from Yale Law School, where he also studied finance at Yale School of Management; a B.A. in Politics and Economics and a M. Phil. in Economics from Oxford University, where he was a Rhodes Scholar; and a B.A. from the University of North Carolina, where he was a Morehead Scholar. A Dutch national and dual citizen of the Netherlands and the United States, he speaks Dutch, English, German, French, and some Polish. With Tom Gibson, he has published “Defining SMEs: A Less Imperfect Way of Defining Small and Medium Enterprises in Developing Countries” in Brookings Global Economy and Development, September 2008.

Luis M. ValdiviesoAmbassador Extraordinary and Plenipotentiary of Peru in the United States

Mr. Valdivieso became the Ambassador Extraordinary and Plenipotentiary of Peru in the United States on February 17, 2009, after being Minister of Economy and Finance of Peru from mid – 2008 until January 2009. In this capacity, he was also Gover-nor for Peru in the Board of Governors of the World Bank and Inter-American Development Bank, as well as Chairman of the Board of the Andean Finance Corporation (CAF), the National Fund for the Financing of the Public Sector Entrepreneurial Activ-ity (FONAFE), and member of the Board of the the Peruvian National Retirement Investment Fund (ONP), the Private Invest-ment Promotion Agency (PROINVERSION), and the Inter-ministerial Committee of Social Affairs (CIAS).

Most of Mr. Valdivieso’s professional career was at the International Monetary Fund (IMF), where he worked for 28 years starting in 1980. He held senior management positions in various departments, including Advisor and Division Chief, posi-tions in the Asia and Pacific Department (1999-2008) as well as the European Department (1991-1999), which covered all the countries of the former Soviet Union. Moreover, he held Senior Economist positions in the Policy Development and Review Department (1997-1999), and the Western Hemisphere Department (1980-1987). During his career at the IMF, he played key roles in the negotiations of several major IMF-supported programs, as well as policy consultations, including Indonesia, Malay-sia, Bangladesh, Sri Lanka, Cambodia, Lao, East Timor, Russia, Kazakhstan, Tajikistan, Armenia, Turkmenistan, Mexico, Colom-bia, Trinidad & Tobago, El Salvador and Somalia. In addition to his country policy experience, Mr. Valdivieso worked extensively on international capital market issues and developing countries’ external debt issues, and contributed directly to the design of IMF’s policies on post-conflict assistance, bank restructuring and supervision, monitoring issues related to financial sector reform, anti-money laundering issues and terrorism, custom unions, fiscal issues, and data management and dissemination. Mr. Valdivieso also was a Special Technical Advisor to the Ministry of Economy and Finance of Peru in 1991.

Prior to joining the IMF, Mr. Valdivieso was a Senior Researcher, Center for Latin American Monetary Studies, advisor to Bank and Securities Market Directorate of the Ministry of Finance and Public Credit in Mexico and advisor to the Superintendence of Banks of Ecuador. Also, he taught Introductory Economics and Advanced Macroeconomics at Boston University and was an Econometrics Instructor at the Catholic University of Peru.

Mr. Valdivieso holds a B.A. in Economics from the Catholic University of Peru, and a Ph.D. and an M.A. in Economics from Boston University.

Sanju VaswaniManaging Partner, Verny Investments

Sanju has over 17 years experience in mergers and acquisitions and capital markets and has worked in London in positions cov-ering countries in the former Soviet Union since 1996. His coverage of this region began with the position of Senior Associate with Citigroup between 1996-1997 and the coverage of this region continued as Manager and Vice President at ING Barings between 1997-1998, until the Russian currency crisis in August 1998. During this period he led the team that structured and executed some of the first, non-sovereign securities transactions in Russia and Kazakhstan including the first Eurobonds for the City of Moscow and Kazkommertsbank. Sanju moved internally within ING Barings to become a Vice President in Equity Capital Markets responsible for the coverage of financial sponsors. In this role, he led the team that structured and executed IPO’s and secondary offerings for private equity groups such as Livolsi & Partners, Kairos, and the Italian Treasury. Sanju was a director of HSBC between 2004-2007 in which capacity he ran the debt capital markets team, and subsequently, the investment banking division for Russia, Kazakhstan and Ukraine. Having built up HSBC’s capabilities in the CIS region, in 2007 he joined Verny In-vestments Holding LLP. He and his partners manage the leading private equity firm in Central Asia having executed the largest and most profitable exits in the region in sectors including financial services, precious metals, and mobile telecoms.


Sev VettivetpillaiCEO, Aureos Advisers Limited

Sivendran (Sev) Vettivetpillai was appointed Chief Executive Officer of Aureos Advisers Limited (AAL) in July 2004. Sev is based in London. Prior to this he was Chief Investment Officer of AAL, responsible for the Aureos Group investment activities such as investment strategy, investment process, and fund structures. Sev developed this proprietary investment process following twelve years of experience in making private equity investments in the emerging markets. He was also instrumental in applying portfolio development and management theory to private equity investment across the Aureos Group. Aureos has currently more than US$1 billion of funds under management and has established fifteen regional private equity funds. Aureos has twenty-five offices across Latin America, Africa, and Asia.

Prior to joining Aureos, Sev was a Senior Investment Executive at CDC (from which Aureos was established in 2001), responsible for evaluating third party fund investments and CDC’s portfolio of managed funds. He previously worked for three years in Ayojana, CDC’s fund management company in Sri Lanka, as an Investment Manager responsible for originating, evaluating, executing, and monitoring private equity investments. He has also worked at Vanik Inc. as a Portfolio Manager, City Financial Partners as a Consultant, and Mott Macdonald Group as an Engineer.

Sev graduated from Imperial College, London, UK with a BEng (Hons) in Civil Engineering. In 2001, he gained the United States professional designation of Chartered Financial Analyst (CFA).

Pote VidetManaging Director, Lombard Investments

Pote Videt is Managing Director of Lombard Investments with primary responsibility for investments in Southeast Asia. Prior to joining Lombard, Mr. Videt was Managing Director of CSFB responsible for Southeast Asia and Managing Director of Goldman Sachs in Hong Kong. In its first worldwide survey, Global Finance magazine named Mr. Videt as one of the best bankers in the emerging markets.

In 1997, Mr. Videt served briefly as Deputy Minister of Commerce in the Thai Government. From 1998-2001, he acted as advisor to the Deputy Prime Minister, Dr. Supachai Panitchpakdi (former WTO Head), with regard to international economic policy. He has also served on the Council of Economic Advisors to the Prime Minister of Thailand. Mr. Videt sits on the board of several Southeast Asian companies, and is a council member of the Asian Corporate Governance Association, board member of the Emerging Markets Private Equity Association, and trustee emeritus of the Asia Society.

Mr. Videt graduated summa cum laude, Phi Beta Kappa from Yale University with a B.A. degree (1974) and holds an M.B.A. (1976) with distinction from Harvard Business School.

Simon WalkerCEO, BVCA

Simon Walker has been Chief Executive of the BVCA, the organisation that represents British private equity and venture capital, since October 2007.

Between 2003 and 2007 Simon worked at Reuters as Director of Corporate Communications and Marketing. He was previously Communications Secretary to HM The Queen at Buckingham Palace. He was Director of Corporate Affairs at British Airways and a non-executive director of Comair Ltd (South Africa). From 1996-1997 Simon worked as a special adviser in the Prime Minister’s Policy Unit at 10 Downing Street. Simon was also a partner at Brunswick, the public relations group, and Director of European Public Affairs for Hill & Knowlton in Brussels. He was a member of the Better Regulation Commission and is a Trustee of the New Zealand-UK Link Foundation, and the Hillary Summit.

Simon was born in South Africa, and has worked as a journalist and consultant in New Zealand, Belgium and the UK. He read Philosophy, Politics and Economics at Balliol College, Oxford, where he was President of the Oxford Union. He was a Knight Journalism Fellow at Stanford University. He is married with two children.


Eduardo WallentinManager of Strategy & Coordination, Latin American & Caribbean, International Finance Corporation (IFC)

Eduardo Wallentin is Manager of the Strategy Unit of the Latin American and Caribbean Department of the International Finance Corporation (IFC), the World Bank’s arm that lends to the private sector. The Department has the responsibility of a $8.8 billion portfolio with annual commitments of about $3.0 billion for IFC account. Mr. Wallentin joined IFC in early 2003 as Senior Strate-gist for the Latin America Department covering several countries including Mexico, Argentina, Colombia, Venezuela and Peru among others. Prior to that, Mr. Wallentin worked at the World Bank as Senior Country Officer for the Andean countries where he was responsible for portfolio management as well as coordination with client governments. Within the World Bank, he also worked in the Indonesia Country Department and the Africa Technical Department. Before joining the World Bank, Mr. Wallentin worked in the Ministry of Trade of Mexico on the NAFTA negotiations. He was part of a Washington-based team and his sectors and areas of responsibility included textiles, agriculture, environment and labor. Other professional experiences include con-sultancies for the Harvard Institute of International Development and the Inter-American Development Bank as well as being a government official in the Office of the Presidency in Mexico. Mr. Wallentin holds a Masters Degree in Public Policy from Harvard University and a B.S. in Business Economics from the Instituto Tecnológico Autónomo de México.

Christian WarnholtzPartner, WAMEX Fondo MIF

Christian Warnholtz is a Co-Founding Partner of WAMEX. He previously worked at BBV Securities (London) in the Capital Markets Group, structuring and selling public and private equity and debt issues for Latin American companies. He also participated in European syndicate placements for emerging markets IPOs, proposed financial restructuring and debt issues to multinational companies with assets in Latin America, and launched Latin American funds. Prior to working in London he worked for JPMorgan in New York and for BBVA in Mexico managing a US$100 million portfolio as an international financial advisor. As an entrepre-neur he founded, headed and sold El Camino, a successful licensed wire remittances network in the U.S. He holds an Economics degree from ITAM in Mexico City and graduate studies from Webster University in Geneva.

David WiltonChief Investment Officer, International Finance Corporation (IFC)

David Wilton is Chief Investment Officer for IFC’s Private Equity and Investment Funds Department. In this capacity, he is respon-sible for IFC’s investment program in funds at the global level, and he oversees a group of 17 professionals.

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has been investing in private equity funds in emerging markets since the early 1990s and has been an early backer of many of today’s leading emerging market man-agers. IFC currently has commitments of around $1.8 billion in 140 funds, over 80% of which are private equity. The return on fund investments since 2000 is around 21% net. In accord with its development mandate, IFC seeks to support funds which have a high probability of being both sustainable and supporting IFCs’ development goals, but which have difficulty getting investor support. For example, in the current fiscal year two thirds of funds supported will be first time funds and over half will be in IDA countries (countries with the lowest per capita GDP).

David joined the Funds Department of IFC at its inception in 2000 and has been responsible for turning around the portfolio and developing the funds strategy. He previously worked in the World Bank Pension Fund where he was responsible for bringing the private equity and real estate portfolios back into internal management. Prior to joining the Bank Group David held the posi-tions of Manager, Risk Management and Process Discipline at Colonial Mutual in New Zealand where he established strategy and systems following deregulation of the market and Manager, Liquidity Management and Policy at the Reserve Bank of New Zealand where he was one of the team that developed implementation of Monetary Policy through market methods during deregulation.


Christopher Witkowsky Editor, PEI

Christopher Witkowsky is the editor of www.privateequityonline.com, the leading daily Web site covering the private equity industry. In this role, Christopher writes, edits and guides the daily news selection for the site. Christopher has 10 years of expe-rience in journalism, including covering the federal bankruptcy court in Manhattan for Dow Jones. Christopher holds an English degree from Penn State University and is a lifelong Nittany Lions fan.

Bruce WolfsonGeneral Counsel, The Rohatyn Group

Bruce Wolfson is a Partner and serves as General Counsel of TRG Management. He has over 20 years of legal experience in global financial markets. Before joining TRG Management, Mr. Wolfson served as Senior Managing Director in the Legal De-partment of Bear, Stearns & Co. Inc. He headed the legal team responsible for the firm’s emerging market businesses in Latin America, Asia, and Eastern Europe, including investment banking, capital markets, sales, trading, clearance, and settlement. Mr. Wolfson participated in the structuring, negotiation and documentation of numerous emerging market security offerings, advised the equity trading desk in its successful effort to become a major foreign trader of emerging market securities, and coordinated the opening of offices in emerging market locations, including Beijing, Shanghai, Buenos Aires, São Paolo, Seoul, and Singapore. During his 16-year tenure, his team also advised the firm’s investment advisory, distressed debt trading, private client services, wealth management, equity capital markets and equity research businesses. Prior to joining Bear Stearns, Mr. Wolfson held senior legal counsel positions at Citibank and Bank of America, with responsibility mostly for emerging markets, including serving as Bank of America’s resident counsel in Mexico from 1982-1986.

Mr. Wolfson was the founding chair of the documentation committee and is the longest serving director of the Emerging Markets Traders Association (EMTA), which monitors trading volumes, sets market practices, and conducts educational pro-gramming for the emerging markets. He is also an Adjunt Professor at Columbia University’s School of International and Public Affairs.

Mr. Wolfson holds a Bachelor of Arts degree in Economics from the University of Pennsylvania, and received his J.D. from the University of Pennsylvania School of Law.

Lucian WuManaging Director and the Head of the Asia Office, Paul Capital Partners

Mr. Wu joined Paul Capital Partners in early 2008 as Managing Director, Head of Asia. Based in Hong Kong, he is responsible for heading up the Asian office and the firm’s expansion into Asia Pacific. He has over ten years of private equity experience in Asia and was formerly a partner at Henderson Private Capital in Asia and a founding member of Electra Partners Asia. Mr. Wu qualified as a Chartered Accountant with PricewaterhouseCoopers in London and spent a number of years providing audit and business advisory services in their London and Hong Kong offices. Mr. Wu holds a BSc degree in Mathematics with First Class Honours from Imperial College, University of London.

Aygen YayıkoğluManaging Partner, Crescent Capital

Aygen Yayıkoğlu is the Founder and Managing Partner of Crescent Capital, an investment management firm focused on energy and infrastructure. Aygen has 15 years of project finance experience in emerging markets covering Central and Eastern Europe, former Soviet Union, and Turkey. His areas of expertise cover public and private financing of power generation, transmission, and distribution projects, privatizations of energy and infrastructure assets, advisory on energy sector restructuring, transport and municipal infrastructure concessions, oil and gas downstream projects and renewable energy transactions. Prior to es-tablishing Crescent, Aygen spent nine years at EBRD’s headquarters in London and six years in the region, first heading EBRD’s country offices in the Balkans and the Caucasus, then helping establish IFC’s regional infrastructure team based in Istanbul. Crescent Capital is currently raising an equity fund focusing on clean energy investments in Turkey and surrounding regions (www.crescent.com.tr).


Memet YaziciHead of Asset Management, RHEA Investments

Mr. Yazici is charged with leading the management of Rhea Investments’ Private Equity business. He has been in an active inves-tor in Turkey since 2007 and was the co-founder and Managing Partner of Stowbridge Partners prior to the merger of Rhea and Stowbridge. His current investment activies include healthcare, technology, business services and infrastructure sectors with the funds managed by the Rhea team (Rhea Venture Capital Investment Trust, Turkish Innovation and Growth Fund I and Turkish Energy Fund I).

Between 1990 and 2007, he spent 17 years in the US in various Venture Capital and Private Equity investment management, operating and consulting roles. Mr. Yazici holds an Engineering degree from Bogazici University in Istanbul, Turkey and an MBA from the Simon School of Business at the University of Rochester in Rochester, N.Y.

He serves on the Boards of Directors of Rhea Venture Capital Investment Trust (Istanbul Stock Exchange: VKFRS and RHEA) Seta Medical, Netsafe Information Security Technologies, Rhea Investments, Double Knot, Umedis, Stowbridge Partners and is a member of the Executive Alumni Council at the University of Rochester.

Xiaoyang YuFounding Partner, China New Enterprise Investment (CNEI)

Xiaoyang Yu is a Founding Partner of China New Enterprise Investment (CNEI), a China focused growth capital fund. CNEI is a pioneer in successfully operating a foreign invested, onshore registered private equity fund in China.

Before founding CNEI, Ms. Yu co-founded Victoria Capital Limited, a Hong Kong based investment and financial advisory firm, which is engaged in private equity investment transactions in China, and longterm debt and mezzanine financing for portfolio companies of a number of large private equity funds.

Ms. Yu has over 20 years of banking and investment experience. She was among the first mainland Chinese to embank on a professional career with major international financial institutions. She served at Banque Paribas in Geneva, Dresdner Bank in Frankfurt, London and New York, and Salomon Brothers in New York.. Ms. Yu also worked at Kissinger Associates, responsible for the firm’s China business, reporting directly to Dr. Kissinger.

Ms. Yu advised the Chinese government on the drafting of China’s venture capital rules, which regulates the formation and operations of foreign invested onshore RMB venture capital and private equity funds.

John ZhaoCEO, Hony Capital

Mr. Zhao is the Chief Executive Officer of Hony Capital, a private equity investment company. He also serves as Senior Vice Presi-dent of Legend Holdings Limited, the investment holding company of Lenovo Group (HK.992).

Prior to Hony Capital and Legend Holdings, Mr. Zhao held various senior management positions in a number of investment and technology companies in US including Managing Partner at eGarden Ventures, Chairman and CEO of Infolio Inc. and Vadem Inc., VP and GM at US Robotics Inc. (NASDAQ: USRX) and R&D Director at Shure Brothers, Inc..

Mr. Zhao has an MBA degree from Kellogg Graduate School of Management at Northwestern University. He also received M.S. Degrees in Physics and Electrical Engineering from Northern Illinois University and a B.S. Degree from Nanjing University.

Robert ZoellickPresident, World Bank Group

Robert B. Zoellick has been the president of The World Bank Group since July 1, 2007. He served in President George W. Bush’s cabinet as U.S. Trade Representative from 2001 to 2005 and as Deputy Secretary of State from 2005 to 2006. From 1985 to 1993, Zoellick worked at the Treasury and State departments in various capacities, as well as briefly in the White House as Deputy Chief of Staff. In 2006 and 2007, he served as Vice Chairman, International of Goldman Sachs Group. Zoellick holds a J.D. magna cum laude from Harvard Law School, a master’s degree in public policy from Harvard’s Kennedy School of Government, and a bachelor’s degree from Swarthmore College.

SPON

SORS &

EXHIBITORS

Lead Sponsors

Lead Recept ion Sponsor

Co-Sponsors

Co-Sponsors/Lat in America and Car ibbean Seminar Lead Supporters

Co-Sponsor/Lat in America and Car ibbean Seminar Lead Supporter

& Recept ion Sponsor

Exhibitors

M e d i a P a r t n e r s

About IFC

IFC, a member of the World Bank Group, creates opportunity for

people to escape poverty and improve their lives. We foster

sustainable economic growth in developing countries by supporting

private sector development, mobilizing private capital, and providing

advisory and risk mitigation services to businesses and governments.

Our new investments totaled $16.2 billion in fiscal 2008, a 34 percent

increase over the previous year.

IFC has been investing in private equity funds in emerging markets

since the early 1990s and has been an early backer of many of

today’s leading emerging market managers. IFC currently has

commitments of around $2 billion in 150 funds. The return on fund

investments since 2000 is around 15% net. In accord with its

development mandate, IFC seeks to support funds which have a high

probability of being both sustainable and supporting IFCs’

developmental goals.

For more information, please visit www.ifc.org.

About EM

PEA

Emerging Markets Private Equity Association

The Emerging Markets Private Equity Association (EMPEA) is a non-profit, independent, global industry association that promotes greater understanding of and a more favorable climate for private equity and venture capital investing in the emerging markets of Africa, Asia, Europe, Latin America and the Middle East.

EMPEA was founded in 2004 with the belief that private equity and venture capital can be critical drivers of economic growth in emerging markets while simultaneously generating strong returns for investors.

In support of its mission, EMPEA:

• Researches, analyzes and disseminates authoritative information on emerging markets private equity;

• Convenes meetings and conferences around the world to promote information exchange between leading fund managers and institutional investors;

• Offers professional development programs to enhance knowledge transfer; and,

• Collaborates with stakeholders from across the globe.

EMPEA’s members represent more than 55 countries and nearly $500billion in assets under management.

VEN

UE

Venue

Day One, Tuesday, May 11, 2010

Registration, Breaks & Networking – Pre Function, Plaza Ballroom General Sessions – Ritz Carlton Ballroom (Salons I, II & III) Breakout Sessions – Salon I & II, Salon III, Plaza Ballroom Exhibits & Networking – Pre Function Buffet Luncheon – Pre Function and Plaza Ballroom Cocktail Reception – Pre Function and Ritz Carlton Ballroom Speaker Ready Room – Roosevelt Room

Day Two, Wednesday, May 12, 2010

LPs Only Breakfast – Plaza Ballroom Registration, Breaks & Networking – Pre Function General Sessions – Ritz Carlton Ballroom (Salons I, II & III) Breakout Sessions – Salon I & II, Salon III, Roosevelt Room, Plaza Ballroom Exhibits – Pre Function Seated Luncheon – Ritz Carlton Ballroom Latin America & Carribean Seminar – Ritz Carlton Ballroom Closing Cocktail Reception – Plaza Ballroom Speaker Ready Room – Roosevelt Room

event-12th-annual-global-private-equity-conference-in-association-with-empea.pdf

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