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Free For Foundations, Endowments, Pension Funds, ILPA Members & SWFs
Email: lgriffin@icbi.co.uk to apply

4th Annual

Conference organised by

ICBI

www.superreturnemergingmarkets.com

Investor Summit: Monday 25th June, 2012 Main Conference: Tuesday 26th Thursday 28th June, 2012 InterContinental Hotel, Geneva

LPs Attended in 2011

120+

Private Equity, Growth Capital & Venture Capital In Converging, Emerging & Frontier Economies
Insights From 85+ LPs & FoF Speakers Including

A Forum For LPs To Compare & Contrast Investment Opportunities Across Regions

NEW

NEW

NEW

NEW

NEW

NEW

NEW

Courtney Villalta TEACHER RETIREMENT SYSTEM OF TEXAS

Nick Moakes THE WELLCOME TRUST

Jane Rowe TEACHERS PRIVATE CAPITAL

Joachim Schumacher DEG

Dirk Meuleman MN SERVICES

Anders Strmblad AP-FONDEN 2

Nicolas Drapeau BIMCOR

140+ Outstanding Speakers


LPs & FoFs
Teacher Retirement System Of Texas AP-Fonden 2 The Wellcome Trust Teachers Private Capital Unigestion Achmea SL Capital Partners Cassa Depositi E Prestiti DEG Hamilton Lane CDC Group Adveq Management Morgan Stanley Alternative Investment Partners AlpInvest Partners OBVIAM OPIC FMO African Development Bank HarbourVest Partners Sarona Asset Management Swiss Re Private Equity Partners Lyrique Siguler Guff Capital Dynamics Granite Capital Management PECA IFC National Holding IDEA Capital Funds European Bank For Reconstruction & Development LGT Capital Partners DuPont Capital Management Pantheon Partners Group Allianz Capital Partners Mn Services AXA Private Equity Paul Capital Partners ECP Northleaf Capital Partners Addax Bank Pinebridge Investments Capvent Squadron Capital Axiom Asia Private Capital AR Investment Partners IDI Emerging Markets DB Private Equity Quilvest RWB Apha Associates Bimcor Parish Capital Advisors

Amazing Line-Up Of Industry Experts

David Bonderman TPG

Hisham El-Khazindar CITADEL CAPITAL

Miriam Schmitter CAMBRIDGE ASSOCIATES

Tom Speechley ABRAAJ CAPITAL

NEW

Special Guest Speakers

Industry Experts
TPG Cambridge Associates China New Enterprise Investment Apax Partners Jadwa Investment VCCEdge Global Environment Fund Citic Private Equity Funds Management Citadel Capital Helios Investment Partners Actis Apollo Global Management Macquarie Infrastructure & Real Assets Tuninvest - Africinvest Innova Capital Bain Capital Asia Mid Europa Partners Advent International Watledge Consulting eleQtra Clearwater Capital Partners SEAF Spring Capital Abraaj Capital PEAROnline Probitas Partners Brookfield OMelveny & Myers Africa Finance Corporation Baring Private Equity Partners Northstar Pacific Pacific Agri Capital CeTIM Saints Capital GSR Ventures Enterprise Investors Pomona Capital UFG Private Equity Aureos Advisors Quvat Management BTG Pactual Absa Capital Standard Chartered Bank Wermuth Asset Management Medu Capital Beltone Financial Axonia Partners New Russia Growth CEPRES IDFC Private Equity Shoreline Capital Cordiant Capital Adlevo Capital Preqin Simba Capital ENS The Economist Saatchi & Saatchi Switzerland HEC School Of Management Transparency International GIIRS Creador Global Environment Fund

John Micklethwait Editor-in-Chief THE ECONOMIST

Pedro Simko Member of the Worldwide Executive Board SAATCHI & SAATCHI

Deborah Hardoon Oliver Gottschalg Professor, Strategy Department Senior Research Coordinator TRANSPARENCY HEC SCHOOL OF INTERNATIONAL MANAGEMENT

Plus!

All New Investor Summit


Featuring LP Perspectives & Focus On Frontier Markets
Monday 25th June, 2012

Featuring:
Teachers Private Capital, Siguler Guff, Overseas Private Investment Corporation, Granite Capital Management, OBVIAM, Morgan Stanley Investment Management, Lyrique, Bimcor, DB Private Equity, RWB, FMO, National Holding, DEG, Sarona Asset Management, CDC Group and many more

Co-Sponsors

Associate Sponsors

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SuperReturn Emerging Markets

@SuperReturn

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@SuperReturnTV

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

INVESTOR SUMMIT
Featuring LP Perspectives & Focus On Frontier Markets
Monday 25th June, 2012
08.15 08.40 Coffee & Registration Chairs Opening & Welcome

Highlights & Key Features


New Data
Monday 25th June, 08.50am

NEW DATA: THE IMPORTANCE OF TRACK RECORD


08.50 Analysing A GPs Track Record: How Relevant Is A GPs Success In Developed Markets When Looking To Invest In Emerging Markets For The First Time? Can Success In These Different Markets Be Compared? Oliver Gottschalg, Professor, Strategy Department, HEC SCHOOL OF MANAGEMENT

LP INTERVIEW
09.30 An Interview With An Institutional LP: Which Geographies Are They Focusing On Now & How Is Their Investment Model Evolving? Jane Rowe, Senior Vice President, TEACHERS PRIVATE CAPITAL LP Interviewed By: Oliver Gottschalg, Professor, Strategy Department, HEC SCHOOL OF MANAGEMENT

An extraordinary insight from a leading private equity academic into the performance of those funds who have achieved great returns in developed markets and are now moving into emerging economies. Does the one size-fit-all approach work?

10.00

KEYNOTE INTERVIEW
Topic tbc Tom Speechley, Senior Partner, ABRAAJ CAPITAL & Sev Vettivetpillai, CEO, AUREOS ADVISORS

LP Interview
Monday 25th June, 09.30am

DFIs
10.20 What Can DFIs Do To Encourage More Commercial Investment Into The Funds They Back? How Are DFIs Aligning & Standardising Their Investment Terms? Moderator: David Wilton, CIO, IFC Joachim Schumacher, First Vice President, Equity & Mezzanine, DEG Gerhard Pries, CEO & Managing Partner, SARONA ASSET MANAGEMENT Jay Koh, Head of Investment Funds & Chief Investment Strategist, OVERSEAS PRIVATE INVESTMENT CORPORATION Coffee

10.50

An opportunity to hear from one of the most sophisticated LPs in the world, as Jane Rowe discusses how Teachers Private Capital will invest in the future and why they are increasingly moving away from traditional fund models to a direct & co-investment strategy.

LP Perspectives Stream Chaired By: BROOKFIELD

Frontier Markets & Impact Investing Stream

LP CONCERNS
11.20 Opacity, Lack Of Exits, Indiscipline, Mediocre Performance, Manager Turnover, Questionable Manager Motivation, Illiquidity, Market Distortion By New Large Investors: Why Do LPs Continue To Allocate To Emerging Market Private Equity? Anselm Adams, Director - Senior Private Equity Portfolio Manager, PECA Robert Wages, Head of Private Equity, NATIONAL HOLDING Amin Al-Rashid, CEO, AR INVESTMENT PARTNERS Paul Newsome, Executive Director - Head of Investment, UNIGESTION

Focus On Frontier Markets


FRONTIER MARKETS
Accessing Attractive Valuations & Benefitting From Lack Of Competition In A High Growth Environment: How Do Managers Balance The Risks With The Potential Rewards? Moderator: Patricia Dinneen, Managing Director, SIGULER GUFF Jay Koh, Head of Investment Funds & Chief Investment Strategist, OVERSEAS PRIVATE INVESTMENT CORPORATION Scott McCormack, Partner, GRANITE CAPITAL MANAGEMENT Florian Kohler, Investment Manager & Associate Partner, OBVIAM Brahmal Vasudevan, CEO, CREADOR Monday 25th June, 11.20am 17.00

RETURN EXPECTATIONS
To What Extent Will Returns From Emerging Markets Private Equity Live Up To Expectations? Can High Growth & High Returns Continue As Markets Converge? Moderator: Kelly DePonte, Partner, PROBITAS PARTNERS Anubha Shrivastava, Managing Director Asia, CDC GROUP Gert-Jan Monster, Senior Investment Officer Private Equity, FMO

11.50

With increasing concerns around valuations in emerging markets some managers are moving into new, underdeveloped frontier economies. What are the risks associated with these markets & how do managers mitigate them? Are DFIs the only LPs ready to invest here? An afternoon dedicated to a series of discussions & presentations on the key issues surrounding investment in frontier markets.

GP DISCIPLINE
12.20 Discipline Is A Scarce Commodity Among GPs Discuss Moderator: Alexandre Alfonsi, Founding Partner, AXONIA PARTNERS Neil W. Harper, Managing Director, MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS Hans Van Swaay, Partner, LYRIQUE Nicolas Drapeau, Director, Private Markets, BIMCOR

A FRONTIER MARKETS CASE STUDY


What Are The Risks In Frontier Markets Private Equity & How Do You Mitigate Them? David Wilton, CIO, IFC

The Impact Of Corruption On Emerging Market Investing


Monday 25th June, 16.20

12.50

Lunch Plus! LP Lunch Hosted Lunch Table Hosted By: David Wilton, CIO, IFC & Scott McCormack, Partner, GRANITE CAPITAL MANAGEMENT

ALIGNMENT OF INTEREST
14.00 How Are LPs Harnessing The Changing Balance Of Power Between LPs & GPs? How Do GPs Manage The Competing Demands Of Their Investors? Howard F. Searing III, Director, Portfolio Manager, DUPONT CAPITAL MANAGEMENT Nicolas Drapeau, Director, Private Markets, BIMCOR

EMERGING MANAGERS
Discerning Quality Managers With Little Or No Track Record: What Are The Indicators Of Solid Performance? Joachim Schumacher, First Vice President, Equity & Mezzanine, DEG Rod Evison, Managing Director Africa, CDC GROUP

With transparency on the top of LPs list of concerns, this is a fascinating opportunity to hear from the organisation which compiles the worlds most trusted and widely used index of corruption. Find out how Transparency International measures corruption and how a lack of transparency affects businesses in different markets.

DUE DILIGENCE
14.30

What Do Experienced Investors In Emerging Markets Look Out For When Performing Due Diligence On Emerging Markets Funds? How Does This Differ From Developed Markets? Wael Aburida, CEO, ADDAX BANK

SMEs
What Are The Ways In Which SME Investors Discern The Credibility Of An Entrepreneurial Business? How Do Institutional Investors Gain Access To SME Deals & How Do They View The Risks? Hubertus van der Vaart, Executive Chairman & Co-Founder SEAF

LP Perspectives Stream
Monday 25th June, 11.20am 17.00

15.00

Afternoon Tea

THE IMPACT INVESTING WORKSHOP


FUNDRAISING
15.30 15.50

FUNDRAISING EXTENDED SESSION


15.30 Who Will Be The Winners & Losers When LPs Invest Or Re-Up With Managers & What Does It Take For GPs To Secure A Commitment? Helena Turley, Vice President, DB PRIVATE EQUITY Horst Guedel, Managing Director, RWB Scott Penwell, Director, PARISH CAPITAL ADVISORS

DEFINING, MEASURING & REALISING IMPACT


How Do You Demonstrate Impact Of An Investment? What Are The Tools Available To Measure Impact?
15.50 16.20

A chance to hear from LPs on what they are looking for from an emerging markets manager; topics will include LP/GP alignment of interests, due diligence, return expectations and a master class in fundraising. If you want to know what LPs are thinking, dont mis this valuable insight.

PANEL DISCUSSION
What Is The Commercial Justification For Impact Investing? Is This Just An Asset Class For DFIs & Development Capital? Can Commercial LPs Be Convinced Of The Benefits? Vivina Berla, European Managing Director & Senior Partner, SARONA ASSET MANAGEMENT Mark Goldsmith, Director, Environment, Social and Governance ACTIS

Interested In Speaking At SuperReturn Emerging Markets?


Please contact James Roberts at jroberts@icbi.co.uk or Tel: +44 (0) 20 7017 7944

KEYNOTE ADDRESS: POLITICAL RISK & CORRUPTION


16.20 How Does Transparency International Measure Corruption & Analyse The Effect It Has On Businesses In Emerging Markets? What Can Be Done To Mitigate The Challenge Of Corruption? Deborah Hardoon, Senior Research Coordinator, TRANSPARENCY INTERNATIONAL End Of Summit

17.00

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

SUPERRETURN EMERGING MARKETS MAIN CONFERENCE


Day One
Tuesday 26th June, 2012
08.15 08.30 Coffee & Registration Chairs Opening & Welcome

Highlights & Key Features


LP Institutional Perspectives
Tuesday 26th June, 08.40am

INSTITUTIONAL LP PERSPECTIVES
08.40

LP

How Are Large Institutions Responding To Sluggish Growth In The Global Economy? What Impact Will This Have On Allocations To Emerging Market Private Equity? Anders Strmblad, Head of Alternative Investments, AP-FONDEN 2 Courtney Villalta, Senior Investment Manager, TEACHER RETIREMENT SYSTEM OF TEXAS Jane Rowe, Senior Vice President, TEACHERS PRIVATE CAPITAL Dirk Meuleman, Fund Manager, Private Equity & Infrastructure, MN SERVICES

09.10

KEYNOTE ADDRESS
Hisham El-Khazindar, Managing Director & Co-Founder, CITADEL CAPITAL

Large institutions are increasingly consolidating their portfolios around select managers. Is this the best way to gain access to the best returns and how will it impact allocations to emerging markets?

GLOBAL MACROECONOMIC & GEOPOLITICAL ADDRESS


09.45 Examining The Evolving Relationship Between Geopolitical & Macroeconomic Instability: How Will The World Change Over The Next 5 - 10 Years & What Does This Mean For Emerging & Converging Markets? John Micklethwait, Editor-In-Chief, THE ECONOMIST Will The Returns From Private Equity In Turkey Live Up To Expectations? How Will Turkish Private Equity Absorb The Amount Of Capital Currently Being Allocated & Where Will The New Deals Come From? Moderator: Daniel Morgan, Director, ADVENT INTERNATIONAL Neil W. Harper, Managing Director, MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS Nevena Marsili, Investment Manager Funds of Funds, IDEA CAPITAL FUNDS Seluk Yorganciolu, Executive Director & Turkey Country Head, ABRAAJ CAPITAL

Performance Data From Across The World


Tuesday 26th June, 12.45pm

TURKEY

10.30

Cambridge Associates present some of the results from their comprehensive data, comparing performance statistics from regions and countries around the world.

11.00

Morning Coffee

THE SUPERRETURN EMERGING MARKETS DEBATE


11.30 What Is The Best Way To Access Emerging Market Private Equity: Global Vs. Pan-Regional Vs. Country Specific Vs. Funds Of Funds? Fund of Fund: Ivan Vercoutere, Partner, LGT CAPITAL PARTNERS Global: Jonathon Bond, Head of Investor Development Group, ACTIS DEBATE Pan Regional: Jim Hildebrandt, Managing Director, BAIN CAPITAL ASIA Country Specific: Yibing Wu, President, CITIC PRIVATE EQUITY FUNDS MANAGEMENT

Vote On The Best Strategy To Access Emerging Markets


Tuesday 26th June, 11.10am

EXTENDED SESSION: PAN-AFRICAN OUTLOOK


11.35 - 11.55 What Do The High Growth Numbers Coming Out Of Africa Actually Mean? How Do These Break Down In Terms Of Jurisdictions & Investible Opportunities? Razia Khan, Head of Research Africa, STANDARD CHARTERED BANK 11.55

SUB-SAHARAN AFRICA
11.55 - 12.25 How Can LPs Get Comfortable With Investing In African Private Equity? What Are The Options For LPs Wanting To Access The Growth Story Across This Diverse & Fragmented Continent? Dushy Sivanithy, Principal, PANTHEON, Andrea Heinzer, Investment Manager and Partner, OBVIAM Scott Nelson, Head of ENS Africa, ENS Davinder Sikand, Regional Managing Partner & Executive Director & Deputy CEO, AUREOS ADVISORS Jeffrey Leonard, Founder & CEO, GLOBAL ENVIRONMENT FUND Comparing Returns Across Emerging Markets Private Equity: Which Regions & Countries Have Outperformed? Miriam Schmitter, Managing Director, CAMBRIDGE ASSOCIATES Lunch Plus! LP Hosted Lunch Tables Hosted By: Courtney Villalta, Senior Investment Manager, TEACHER RETIREMENT SYSTEM OF TEXAS & Dirk Meuleman, Fund Manager, Private Equity & Infrastructure, MN SERVICES Stream A: Asia Stream C: Emerging Market Themes Stream B: Emerging Europe Chair: Martin Haemmig, CETIM Chair: Mark OHare, PREQIN CEE How Is The Euro Crisis Impacting Investment In Central & Eastern Europe? Will These Economies Emerge Relatively Stronger Once The Dust Has Settled? How Is The Nature Of Deal Flow Changing & What Are The Best Methods Of Exploiting Attractive Valuations? Anne Fossemalle, EUROPEAN BANK FOR RECONSTRUCTION & DEVELOPMENT Gabriel Kamensky, SWISS RE PRIVATE EQUITY PARTNERS Pierre Mellinger, PINEBRIDGE INVESTMENTS Thierry Baudon, MID EUROPA PARTNERS NEW DATA

After 2011s lively debate on which region provided the best returns; this years audience vote on the strategy LPs should use when accessing emerging markets. A proponent of each strategy will battle it out in a 5 minute speech before the audience have their say via real time electronic polling.

NEW PERFORMANCE DATA

Special Guest Speaker


Tuesday 26th June, 09.45 am

12.45

13.10

John Micklethwait, the Editor-in-Chief of one of the worlds most respected newspapers, gives his unbiased thoughts on where the world is heading, and shares his view on current political and economic instability. A fantastic presenter not afraid to speak his mind, this is a session that cannot be missed.

Topic & Speaker tbc 14.30 If you are interested in speaking during this session, please contact James Roberts at jroberts@icbi.co.uk or Tel: +44 (20) 701 77944

Topic & Speaker tbc BROOKFIELD

LP Hosted Lunch Tables


Tuesday 26th June, 13.10-14.30

INFRASTRUCTURE RUSSIA MYTHS & REALITIES How Are Private Equity Investors Capitalising On The Perceived Vs. Actual Risk: Why Does Russia Get Such Urgent Need For Infrastructure Across Many Emerging A Bad Press? How Justified Is This, & What Returns Are NEW DATA - INDIAN PRIVATE EQUITY Markets? How Do Managers Overcome The Inherent Risks People Actually Seeing On The Ground? Is Now The 15.00 15.30 Of Nationalisation, Illiquidity & Long Term Investing? Right Time To Take Advantage Of Attractive Valuations? Gad Cohen, ELEQTRA Moderator: Jorgen Smeby, SIMBA CAPITAL 15.00 Where Are Returns Being Generated In Indian Private Equity? New Research From The Cutting Edge Oliver Andrews, AFRICA FINANCE CORPORATION Henry Potter, ALPHA ASSOCIATES Kunal Srivastava, VCCEDGE David Creighton, CORDIANT CAPITAL Robert Sasson, UFG PRIVATE EQUITY Ben Way, MACQUARIE Jochen Wermuth, WERMUTH ASSET MANAGEMENT INFRASTRUCTURE & REAL ASSETS INDIAN GPs Timothy Krause, IFC GLOBAL FINANCIAL MARKETS 15.30 16.00 AGRIBUSINESS POLAND Examining How Indian GPs Discipline & Strategy Has What Are The Current Opportunities In The Agribusiness How Are Polish Private Equity Firms Generating The Evolved In The Context Of High Valuations, Best Returns In The Region & How Will They Sustain Value Chain & How Does Investing Vary Between Regions? Overcrowding & Lack Of Exit Opportunities What Do LPs Need To Understand Before Investing? Long Term Growth? How Do LPs See Poland As An Shashank Singh, APAX PARTNERS 15.30 Jeff Leonard, GLOBAL ENVIRONMENT FUND Investment Destination? Rahul Bhasin, BARING PRIVATE EQUITY PARTNERS Hubertus van der Vaart, SEAF Krzysztof Kulig, INNOVA CAPITAL Raja Parthasarathy, IDFC PRIVATE EQUITY Bill Randall, PACIFIC AGRI CAPITAL Dariusz Pronczuk, ENTERPRISE INVESTORS

INDIA WORKSHOP

A great chance to have lunch and conversation with some of the biggest investors in the industry; delegates sign up on the day to share lunch and informal discussion with two LPs. Hosts include Courtney Villalta, Senior Investment Manager, TEACHER RETIREMENT SYSTEM OF TEXAS & Dirk Meuleman, Fund Manager, Private Equity & Infrastructure, MN SERVICES

India Workshop
Tuesday 26th June, 15.00 16.00

This session shall begin with a presentation of new research on where returns are being generated in Indian private equity before breaking out into a panel discussion with respected Indian GPs.

16.00

Afternoon Tea

Stream A: Asia DEALS IN CHINA


16.20

Stream B: Secondaries & Distressed EMERGING MARKETS SECONDARIES


Using The Secondaries Market As A Source Of Liquidity: Who Is Selling What, & At What Price? What Are The Return Expectations In This Specialist Asset Class? Kenneth Sawyer, SAINTS CAPITAL Ernest Lambers, POMONA CAPITAL

Stream C: Emerging Market Themes GENERALIST VS SECTOR SPECIFIC


Do Managers Have To Specialise To Survive? How Do LPs Balance Diversification With A Specialist Skill Set?
Moderator: Mark OHare, PREQIN Jim Strang, HAMILTON LANE Alexandre Alfonsi, AXONIA PARTNERS

Do Enough Attractive Deals Exist & How Does Private Equity Compete With Other Sources Of Finance To Access The Best Deals? Edmond Ng, AXIOM ASIA PRIVATE CAPITAL Vincent Chan, SPRING CAPITAL Xiaoyang Yu, CHINA NEW ENTERPRISE INVESTMENT

Networking Champagne Roundtables


Tuesday 26th June, 17.20 18.20

INDONESIA
Benefitting From The Natural Resources Boom In Indonesia: What Is The Optimum Way To Access 16.50 Investible Assets & How Is The Local Private Equity Community Evolving To Manage Institutional Capital? Patrick Walujo, NORTHSTAR PACIFIC Tom Lembong, QUVAT MANAGEMENT
17.2018.20 18.0019.30 19.30

DISTRESSED IN ASIA
How Are Firms Taking Advantage Of The New Distressed Opportunities In China & Emerging Asia? Robert Petty, CLEARWATER CAPITAL PARTNERS Benjamin Fanger, SHORELINE CAPITAL

INTERNATIONAL VS. DOMESTIC INVESTORS


What Are The Best Methods Of Balancing The Competing Demands Of Local & International Investors In Emerging Markets Funds? Is It Possible For These Investors To Co-Exist Easily Or Will Side Letters & Differing Terms & Conditions Become The Norm? Robert Wages, NATIONAL HOLDING

This is your chance to meet and discuss your field of expertise or geography with like-minded colleagues. The session is informal and champagne is served throughout.

Gala Networking Reception


Tuesday 26th June, 18.00 19.30

Champagne Networking Roundtables Your chance to participate in in-depth discussions around specialist topics. Sign up on the day to one of the roundtables. See page 8 for details.
Gala Networking Reception End of Day One

Relax and mingle at our fabulous drinks reception. A perfect way to discuss the days events whilst creating new contacts from across the industry.

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

SUPERRETURN EMERGING MARKETS MAIN CONFERENCE


Day Two
Wednesday 27th June, 2012
07.30 08.30 08.15 08.30 LP Closed Door Breakfast Open to pre-registered investors by invitation only. Open only to pension plans, foundations, endowments, DFIs, SWFs & ILPA members. Coffee & Registration Chairs Opening & Welcome George Siguler, Managing Director & Co-Founder, SIGULER GUFF

Highlights & Key Features


LP Closed Door Breakfast
Wednesday 27th June, 07.30 08.30am

CO-INVESTMENTS
08.40 Are Co-Investments The Best Way To Boost Returns & Access The Best Deals? What Are The Benefits To LPs In Terms Of Control, Alignment Of Interest & Reduction In Fees? What Are the Potential Pitfalls For LPs & GPs? Claudio Siniscalco, Principal, HARBOURVEST PARTNERS Jim Strang, Principal, HAMILTON LANE Paul Van Houtte, Head of International Equity & Funds, CASSA DEPOSITI E PRESTITI Alexandre Motte, Managing Director & Head of Co-Investment, AXA PRIVATE EQUITY

09.10

KEYNOTE ADDRESS
Topic tbc Alexander Abolmasov Managing Partner, NEW RUSSIA GROWTH

Open only to pension plans, foundations, endowments, DFIs, SWFs & ILPA members. This is an invitation only forum which allows LPs the chance to discuss fund performance, manager selection and other issues in an exclusive setting. To apply for a place, please contact Laura Griffin at: lgriffin@icbi.co.uk

INDIA
09.35 To What Extent Has India Disappointed? What Returns Do LPs Want To See & What Will Trigger The Required Level Of Exits? Anubha Shrivastava, Managing Director Asia, CDC GROUP Nils Rode, Managing Director, ADVEQ MANAGEMENT Idsert Boersma, Manager Private Equity, FMO Mintoo Bhandari, Senior Partner, APOLLO GLOBAL MANAGEMENT

THE SUPERRETURN EMERGING MARKETS LP STRAIGHT TALKING INTERVIEW


10.05 A Chance To Hear Directly From An Institutional Investor On Which Markets They Are Focusing On & Why Nick Moakes, Head of Equity & Emerging Markets, THE WELLCOME TRUST Interviewed by: George Siguler, Managing Director & Co-Founder, SIGULER GUFF Morning Coffee Featuring: LP/GP Structured Speed Networking

The SuperReturn Emerging Markets LP Straight-Talking Interview


LP
Wednesday 27th June, 10.05 10.35am

10.35

One of the most sophisticated LPs in Europe, Nick Moakes of the Wellcome Trust speaks about where they expect to find alpha.

BRAZIL
11.15 Dealing With The Specific Challenges Of Investing Into Brazilian Private Equity: Managing In An Overheating Economy, Dealing With Macroeconomic Challenges & Balancing Local & Foreign LP Expectations Juan Pablo Zucchini, Managing Director, ADVENT INTERNATIONAL Carlos Hnein, Partner, QUILVEST Rafael Horta, Partner, BTG PACTUAL

LP/GP Structured Speed Networking


Wednesday 27th June, 10.35 11.15am

EXTENDED SESSION: CHINA ECONOMIC & GEOPOLITICAL OUTOOK


What Does New Leadership, Slowing Growth, Social Change & Changing Capital Flows Mean For China In The Next Decade? 11.45 12.05 Peter Cornelius, Chief Economist, ALPINVEST PARTNERS 11.45

CHINA PRIVATE EQUITY OUTLOOK


12.05 12.35 How Will Private Equity In China Develop In Light Of The Changing Macroeconomic & Geopolitical Ecosystem? Moderator: Peter Cornelius, Chief Economist, ALPINVEST PARTNERS Yibing Wu, President, CITIC PRIVATE EQUITY FUNDS MANAGEMENT David Pierce, CEO, SQUADRON CAPITAL MANAGEMENT Eric A. Wilcomes, Director, Portfolio Manager, DUPONT CAPITAL MANAGEMENT

LP/GP Speed Networking is a unique opportunity to meet & exchange business cards with 15 LPs in 15 minutes. LPs and GPs are separated into two groups and then meet each other one by one, explaining their fund in a one minute time slot and swapping business cards. If there is a fit, you can follow up later!

SPECIAL GUEST SPEAKER BRAND GURU


12.35 Lovemarks: Generating Loyalty Beyond Reason Pedro Simko, Member of the Worldwide Executive Board, SAATCHI & SAATCHI Lunch Plus! Meet The LP Hosted Lunch Tables Hosted By: Nick Moakes, Head of Equity & Emerging Markets, THE WELLCOME TRUST Plus! VIP Lunch Table With: Pedro Simko, Chairman & Client Director EMEA, SAATCHI & SAATCHI SWITZERLAND & Paul Van Houtte, Head of International Equity & Funds, CASSA DEPOSITI E PRESTITI Delegate QuickFire Showcase Your chance to present your fund to the SuperReturn Emerging Markets audience in 90 seconds flat (Sign-up details to be sent to registered delegates 2 weeks prior to the conference) Judged By: Carlos Hnein, Partner, QUILVEST

Special Guest Speaker


Wednesday 27th June, 12.35pm

13.15

14.30

Pedro Simko of Saatchi & Saatchi will speak on the power of branding and why some brands create such a hold over us and others fail. Not to be missed for those looking to grow and develop businesses and brands in new markets.

Stream A: Africa SOUTH AFRICA AS A GATEWAY TO SUB SAHARAN AFRICA


14.50 Are South African Private Equity Firms In A Privileged Position To Make The Right Investments To Benefit From High Growth On The African Continent? Nhlanganiso Mkwanazi, MEDU CAPITAL Andrew Dewar, ABSA CAPITAL

Stream B: Middle East & On The Ground MIDDLE EASTERN PRIVATE EQUITY
How Are Fund Managers Broadening Out Of The GCC Region, Overcoming Political Instability & Poor LP Perceptions To Deliver Growth? When Will Exits Come Back To The Market? Moderator: Brad Bourland, JADWA INVESTMENT Wael Aburida, ADDAX BANK Mohamed Semary, ABRAAJ CAPITAL

Delegate QuickFire Showcase


Wednesday 27th June, 14.30 14.50

NORTH AFRICA
15.20 Where Next For North Africa? How Have GPs Managed Their Investments Through Recent Turmoil, & How Can Managers In Other Regions Ensure They Are Prepared For The Unexpected? Hear Lessons Learned & Share Best Practice Ziad Oueslati, TUNINVEST- AFRICINVEST Angus Blair, BELTONE FINANCIAL Rania Gohar, IFC Stephen Murphy, CITADEL CAPITAL

EMERGING MARKETS ON THE GROUND


A series of small workshop groups focusing on topics facing emerging market managers and their investors. 1) Pool Of Talent How Do You Find, Retain & Incentivise Managers? What Are The Main Barriers To Successful Recruitment? Idsert Boersma, FMO 2) Currency Exploring How Fund Managers Mitigate Currency Risk Using Global Diversification, Hedging & Local Currencies Speaker tbc 3) Governance Concerns Which Markets Are Causing The Most Concern For Fund Managers When Analysing Governance & Transparency In Different Regions? David Creighton, CORDIANT CAPITAL 4.) RMB Vs. USD Funds Examining Conflict Of Interest Within RMB & USD Funds: What Is The Impact On Deal Access, Available Exit Routes & Expected Returns: How Are Funds Being Structured Now? Speaker tbc

Fundraising? Then take the opportunity to have an uninterrupted 90 second pitch to a panel of LPs. Get instant feedback, with a fabulous prize for the winner. This session is fun, informal and extremely popular. Sign-up details go out to all registered and paid delegates two weeks before the event.

SUB-SAHARAN AFRICA
15.50 How Are Private Equity Firms Tapping Into The Domestic Consumer & Natural Resources Sectors In Africa? How Are They Surpassing The Challenges Presented By Political Volatility, Governance & Competition From Other Capital Sources? Line Picard, AFRICAN DEVELOPMENT BANK Kayode Akinola, HELIOS INVESTMENT PARTNERS Yemi Lalude, ADLEVO CAPITAL

Emerging Markets On The Ground Sessions


Wednesday 27th June, 15.20 16.20

16.20

Afternoon Tea

Stream A: Latin America LATIN AMERICA


16.45 What Is The Best Strategy For Accessing Latin America? To What Extent Are Smaller Managers Challenging The Dominance Of The Largest Funds & Are LPs Ready To Invest On A Country Specific Level? Ralph Keitel, IFC, Duncan Littlejohn, PAUL CAPITAL PARTNERS Speaker tbc, BROOKFIELD

Stream B
GAME

This session aims to target some of the toughest, and most challenging problems that managers face. Broken into a series of roundtable discussions each led by an expert in the field, the sessions focus on common problems such as currency concerns, governance & transparency and the pool of talent.

LP SIMULATOR GAME
Understanding What LPs Think About Each Emerging Market Today With: Judge Real-Life Fund Case Studies In This Interactive Session Simon Thornton, PEARONLINE Anne-Maree Byworth, WATLEDGE CONSULTING Solomon Wifa, O'MELVENY & MYERS

LP Simulator Game
Wednesday 27th June, 16.45 17.45

ESG
17.15 To What Extent Is Environmental & Social Governance A Priority For Commercial LPs? What Will Be The Impact Of New Measures On Emerging Market Fund Managers? Ritu Kumar, ACTIS Niclas During, CDC GROUP Maaike van der Schoot, ALPINVEST PARTNERS Geetha Tharmaratnam, AUREOS ADVISORS Gala Networking Reception End of Day Two

17.45 18.30 18.30

New for SuperReturn Emerging Markets, we are pleased to introduce the LP Simulator Game. Attendees will get to choose from a selection of anonymous real emerging market case-study funds, and make investment decisions in groups over champagne. Then LPs provide feedback on how they approach fundraising problems today.

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

SUPERRETURN EMERGING MARKETS MAIN CONFERENCE


Day Three
Thursday 28th June, 2012
08.30 09.00 Coffee & Registration Chairs Opening & Welcome

Highlights & Key Features


Keynote Address From An Industry Titan
Thursday 28th June, 09.50am

EUROPEAN LPS
09.10 How Are European LPs Allocations To Emerging Markets Private Equity Changing? How Do They View Emerging Markets Within Their Wider Portfolio? Moderator: Janusz Heath, Managing Director, CAPITAL DYNAMICS Ivan Vercoutere, Partner, LGT CAPITAL PARTNERS Hans Van Swaay, Partner, LYRIQUE Erik Kaas, Partner, PARTNERS GROUP Gerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERS

09.50

KEYNOTE ADDRESS
David Bonderman, Founding Partner, TPG

KEYNOTE

ELECTRONIC POLLING PANEL


10.15 What Are The Opportunities & Key Impediments In Emerging Markets Private Equity? Where Will Allocations Go Next? Moderator: Brad Bourland, Managing Director, Proprietary Investments, JADWA INVESTMENT David Bonderman, Founding Partner, TPG Morning Coffee

David Bonderman, Founding Partner, TPG and one of the biggest names in global private equity, will share his thoughts on the global emerging markets in a keynote address.

11.00

Interactive Polling Panel


Thursday 28th June, 10.15am

REAL ASSETS
11.30 Are Real Assets The Best Hedge Against Inflation? What Is The Optimum Way Of Accessing The Asset Class? Moderator: Berry Polmann, Executive Director, ADVEQ MANAGEMENT Michael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERS Harry van den Heuvel, Senior Investment Manager Alternatives, ACHMEA

BUYOUT VS. GROWTH VS. VENTURE


12.00 12.20 New Data: Examining The Most Effective Strategies Across Emerging Markets Daniel Schmidt, Managing Partner, CEPRES 12.00 Panel Discussion: 12.20 12.40 Comparing Investment Strategies In Emerging Markets Sonny Wu, Managing Director, GSR VENTURES Sev Vettivetpillai, CEO, AUREOS ADVISORS Andrew Brown, Managing Director & CIO, ECP Lunch Plus! Meet The LP Hosted Lunch Tables Hosted By: Erik Kaas, Partner, PARTNERS GROUP & Hans Van Swaay, Partner, LYRIQUE DATA

This is a chance to have your say and hear your views analysed by some of the biggest names in the industry. The SuperReturn audience votes on a series of questions using anonymous real-time electronic polling. The results are then analysed by our expert panel. Not to be missed.

Strategy Discussion
Thursday 28th June, 12.00

12.40

Beginning with a data presentation on how successful different strategies are across emerging markets, the session continues with a panel discussion involving proponents of buyout, growth and venture.

LP/GP RELATIONS & THE IR TEAM


14.00 What Are Good Investor Relations? LPs Give A Truthful Account Of Common Mistakes & Discuss The Dos & Donts Of Investor Relations Moderator: Simon Thornton, CEO, PEARONLINE Peter McKellar, Partner & CIO, SL CAPITAL PARTNERS Rania Gohar, Investment Officer, IFC

SuperReturn Emerging Markets Acronym Generator


Thursday 28th June, 14.30

SUPERRETURN EMERGING MARKETS ACRONYM GENERATOR


14.30 GAME MINTs, N-11, CIVETS, MIST & BRICs: The SuperReturn Audience Uses Electronic Polling To Create Its Own Emerging Markets Acronym Led by: Patricia Dinneen, Managing Director, SIGULER GUFF

INTERACTIVE FUNDRAISING SESSION


Panel Discussion 14.45 15.10 In A Tough Fundraising Market, What Are LPs Looking For When Investing With A Manager & How Should GPs Hone Their Fundraising Strategy Accordingly? Patricia Dinneen, Managing Director, SIGULER GUFF Thomas Clausen, Managing Partner & Co-Founder, CAPVENT Julien Kinic, Managing Director, IDI EMERGING MARKETS Followed by interactive round table discussions led by the panellists 14.45 16.00 Roundtable Discussions 15.10 16.00 Patricia Dinneen, Managing Director, SIGULER GUFF Peter McKellar, Partner & CIO, SL CAPITAL PARTNERS Rania Gohar, Investment Officer, IFC Thomas Clausen, Managing Partner & Co-Founder, CAPVENT Julien Kinic, Managing Director, IDI EMERGING MARKETS Ivan Vercoutere, Partner, LGT CAPITAL PARTNERS Hans Van Swaay, Partner, LYRIQUE Erik Kaas, Partner, PARTNERS GROUP Gerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERS Berry Polmann, Executive Director, ADVEQ MANAGEMENT Michael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERS Harry van den Heuvel, Senior Investment Manager Alternatives, ACHMEA End of Conference

Using electronic polling, the SuperReturn audience choose the next hot emerging market economies. We then create a brand new emerging market acronym from the results. Hosted by Patricia Dinneen, Managing Director, SIGULER GUFF

Interactive Fundraising Session


Thursday 28th June, 14.45 16.00

A panel of LPs discuss what GPs need to do now to get capital allocated in a tough fundraising environment. The session is followed by a series of roundtable discussions led by speakers from throughout the day.

16.00

Technology & Social Media At SuperReturn Emerging Markets


Dont wait until June to hear from the speakers and audience of SuperReturn Emerging Markets in Geneva
Network online prior to the event and during the conference itself with our event app. Join the SuperReturn Emerging Markets LinkedIn Group Add the SuperReturn Global Series to your circles on Google+ circles. Like the SuperReturn Global Events Facebook page

Subscribe to the SuperReturn blog

See the latest event photos on our ICBI- Events Flickr page.

Would You Like To Join The Speaker Faculty At SuperReturn Emerging Markets?
Please contact James Roberts at jroberts@icbi.co.uk or Tel: +44 (0) 20 7017 7944

Follow us on Twitter @SuperReturn

Tune into SuperReturn TV to watch highlights from our events and interviews with speakers

Read our SuperReturn weekly online paper

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

Monday 25th June 2012

INVESTOR SUMMIT Featuring LP Perspectives & Focus On Frontier Markets


MONDAY 25TH JUNE 2012
08.15 08.40 09.10

Interviewed By: Oliver Gottschalg, Professor, Strategy Department, HEC SCHOOL OF MANAGEMENT
See bio above

Coffee & Registration


Chairs Opening & Welcome 10.00

Joachim Schumacher, First Vice President, Equity & Mezzanine, DEG


Joachim is responsible for equity and mezzanine direct investments in private companies as well as commitments to private equity and mezzanine funds. Prior to joining DEG in 2002, Mr. Schumacher was working with TFG Venture Capital, a German venture capital management company where he headed a sector group focused on technology investments, as well as Sal. Oppenheim and Deutsche Bank. DEG is one of the largest European development finance institutes, based in Germany.

KEYNOTE INTERVIEW
Topic tbc Tom Speechley, Senior Partner, ABRAAJ CAPITAL
Tom Speechley is a Senior Partner of Abraaj Capital and the Chief Executive Officer of Riyada Enterprise Development (RED), Abraajs small and medium enterprise (SME) investment platform. He joined Abraaj Capital in 2006 and is a member of the Abraaj Holdings Board of Directors, as well as the groups Executive and Investment Committees. Mr. Speechley is responsible for the firms SME investment program including the RED and Kantara Funds totalling some US$ 650 million of capital.

NEW DATA: THE IMPORTANCE OF TRACK RECORD


Analysing A GPs Track Record: How Relevant Is A GPs Success In Developed Markets When Looking To Invest In Emerging Markets For The First Time? Can Success In These Different Markets Be Compared? Oliver Gottschalg, Professor, Strategy Department, HEC SCHOOL OF MANAGEMENT
Olivers current research focuses on the strategic logic and the performance determinants of private equity investments. A second stream of work looks at the implications of employee motivation for firm performance in different settings. In parallel to his faculty position at HEC, he is affiliated with INSEAD as a visiting researcher and the coordinator of the HEC Buyout Research programme. His work has been published in leading academic journals and in various publications for practitioners.

Gerhard Pries, CEO & Managing Partner, SARONA ASSET MANAGEMENT


As well as Sarona Asset Management, Gerhard is the Co-Founder and Vice Chairman of MicroVest Holdings and Capital Management. He has previously served as CFO of MEDA, Founding Chairman of MicroCap Capital Management and Latin America Challenge Investment Fund, Founding Director of International Association of Micro Finance Investors, and as Director of numerous companies in the financial services sector.

Sev Vettivetpillai, CEO, AUREOS ADVISORS


Sev was appointed Chief Executive Officer, Aureos Advisers Ltd (AAL), in June 2004. Prior to this, he was the Investment Director of AAL, ensuring that a streamlined investment process focusing on quality control was followed by all Aureos investment executives. This proprietary investment process was developed by Sev following nine years of experience in making private equity investments. He was also instrumental in applying portfolio development and management theory to private equity investment across the Aureos Group. Sev is a member of all the Investment Committees of the Aureos Regional Funds.

09.30

LP INTERVIEW
An Interview With An Institutional LP: Which Geographies Are They Focusing On Now & How Is Their Investment Model Evolving? Jane Rowe, Senior Vice President, TEACHERS PRIVATE CAPITAL
Jane Rowe is responsible for strategic portfolio growth and deal stewardship, including global fund and private equity investments. Teachers Private Capital is the private equity department of the C$107billion Ontario Teachers' Pension Plan. Janes strong background in credit and equity investing was developed during a more than 20-year career at the Scotiabank Group of companies where she held senior roles at Scotia Merchant Capital Corporation, the bank's Canadian private equity fund, was President and CEO of RoyNat Capital Inc, Scotiabank's wholly owned mid-market merchant bank, and was President and CEO of Scotia Mortgage Corporation.

10.20

Jay Koh, Head of Investment Funds & Chief Investment Strategist, OVERSEAS PRIVATE INVESTMENT CORPORATION
Leading the Investment Funds Department, which provides support for private equity investment into emerging markets, Mr. Koh oversees 33 active funds with over $2.3 billion in commitments, with an additional $1.5 billion approved to 19 funds. As Chief Investment Strategist, Mr. Koh guides development of new products and strategic relationships for OPIC. Mr. Koh also served at OPICs Chief Financial Officer from 2010-2011. Prior to joining OPIC, Mr. Koh invested in private equity and growth equity, both in the United States and internationally.

DFIs
What Can DFIs Do To Encourage More Commercial Investment Into The Funds They Back? How Are DFIs Aligning & Standardising Their Investment Terms? Moderator: David Wilton, CIO, IFC
David Wilton is Chief Investment Officer for IFCs Private Equity and Investment Funds Department with responsibility for IFCs investment programme in emerging market funds globally, and a member of the Pension Finance Committee of the World Bank Group. 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. David 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.

10.50 Coffee

"I can comfortably say it was the best event I attended this year"
Selcuk Yorgancioglu, Senior Partner, Abraaj Capital

LP Perspectives Stream
11.20

Frontier Markets & Impact Investing Stream


11.20 12.50 Lunch

LP CONCERNS
Opacity, Lack Of Exits, Indiscipline, Mediocre Performance, Manager Turnover, Questionable Manager Motivation, Illiquidity, Market Distortion By New Large Investors: Why Do LPs Continue To Allocate To Emerging Market Private Equity? Anselm Adams, Director Senior Private Equity Portfolio Manager, PECA
Anselm is the Managing Director of family office Adams Capital Partners, and advisor through Private Equity Capital Advisers Limited of a fund managing over US$100m in private equity assets: fund-of funds, funds and direct investments. He has more than 18 years experience in private equity, venture capital and investment banking.

Anubha Shrivastava, Managing Director Asia, CDC GROUP


Anubha Shrivastava is a Managing Director at CDC Group plc, a fund of funds business owned by the British Government that invests in the developing economies of Africa, Asia and Latin America. She is responsible for the Asian investment portfolio spanning South and South-East Asia and China. Anubha Shrivastava commenced her private equity career in 1999 with General Motors Asset Managements Private Equity Group in New York, USA. She was involved in the global private equity fundof-funds portfolio as well as the global co-investment programme.

FRONTIER MARKETS
Accessing Attractive Valuations & Benefitting From Lack Of Competition In A High Growth Environment: How Do Managers Balance The Risks With The Potential Rewards? Moderator: Patricia Dinneen, Managing Director, SIGULER GUFF
Patricia Dineen has primary responsibility for managing the BRIC Opportunities Funds, focusing on private equity investments in Brazil, Russia, India and China. Prior to joining Siguler Guff in 2004, she was at Cambridge Associates where she led the emerging markets private equity advisory business. Previously, she worked for 10 years at British Telecommunications. She has also held positions at Hughes Communications, RAND Corporation, and the White House.

Featuring 'Meet the LP' Hosted Lunch Tables Hosted By: David Wilton, CIO, IFC & Scott McCormack, Partner,

GRANITE CAPITAL MANAGEMENT


14.00

EMERGING MANAGERS
Discerning Quality Managers With Little Or No Track Record: What Are The Indicators Of Solid Performance? Joachim Schumacher, First Vice President, Equity & Mezzanine, DEG
See bio above

Gert-Jan Monster, Senior Investment Officer Private Equity, FMO


Gert-Jan focuses on fund investments, straight equity and mezzanine investments in Europe and (Central) Asia, and holds board seats in several funds and companies. Gert-Jan joined FMO in 2000, and prior to FMO he worked as a lawyer with an international law firm. The Netherlands Development Finance Company (FMO) is the entrepreneurial development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of 4.6 billion, FMO is one of the largest bilateral private sector development banks worldwide.

Robert Wages, Head of Private Equity, NATIONAL HOLDING


Overseeing National Holdingss private equity activities, Mr. Wages has over 20 years of private equity experience in a variety of sectors across North America, Europe and the MENA region. Previously, Mr. Wages served as the executive director for PE at Invest AD in Abu Dhabi, overseeing both direct and fund investments.

Jay Koh, Head of Investment Funds & Chief Investment Strategist, OVERSEAS PRIVATE INVESTMENT CORPORATION
See bio above

Rod Evison, Managing Director Africa, CDC GROUP


CDC Group Plc is the UK Governments fund-offunds for the emerging markets. In 2004 CDC ceased making direct investments when it spun out Actis and Aureos, which became independently owned and managed private equity fund managers. Rod has responsibility for CDCs funds portfolio in Africa. Rod joined CDC (then called the Commonwealth Development Corporation) in 1992. His career has included: The restructuring of CDC from a direct investor to a fundof-funds in 2004; the establishment of Globeleq, CDCs power company for emerging markets, in 2002; and direct investing, primarily in the power sector.

Amin Al-Rashid CEO AR INVESTMENT PARTNERS


AR Investment Partners is a private equity investment management and consulting firm, which works with Family Offices, including Royal Families in the Middle East and financial institutions globally on their private equity investments. Amin has co-invested alongside several sovereign wealth funds and institutional investors globally on several billion dollar private equity investments.

12.20

GP DISCIPLINE
Discipline Is A Scarce Commodity Among GPs Discuss Moderator: Alexandre Alfonsi, Founding Partner, AXONIA PARTNERS
Alexandre is a Founding Partner of Axonia Partners, a private equity and corporate finance advisory firm. Within Axonia Partners, Alexandre specialices in advising private equity teams and organisations on their fundraising, secondary transactions and special situations worldwide (including Emerging Markets in particular), and has over 17 years of relevant experience acquired in various professional settings internationally.

Scott McCormack, Partner, GRANITE CAPITAL MANAGEMENT


Scott McCormack is a partner at Granite Capital Management, a New York-based single family office where he oversees asset allocation and manager selection. He began his career at Morgan Stanley and subsequently worked as a journalist in both the US and Europe.

14.30

Paul Newsome, Executive Director - Head of Investment, UNIGESTION


Paul is responsible for the oversight of primary fund investments, secondaries and coinvestments globally. Unigestion is an alternative asset management firm with EUR 7 billion of assets under management, headquartered in Geneva with offices in London, Paris, New York and Singapore. Before joining the firm in 2002, he worked at BancBoston Capital as an investment manager, making and managing venture capital investments in Europe.

Florian Kohler, Investment Manager & Associate Partner, OBVIAM


Florian originally joined Obviam's predecessor SIFEM at inception in 2005 where he was the Investment Manager responsible for Asia and North Africa. In 2008 he moved to Montreal to work with Cordiant Capital on their African PE portfolio and then helped launch Teralys Capital, North Americas largest Fund-ofFunds dedicated to VC fund investment with $1.4b of AUM. Florian returned to Obviam in early 2011 where he is now responsible for global opportunities.

SMEs
What Are The Ways In Which SME Investors Discern The Credibility Of An Entrepreneurial Business? How Do Institutional Investors Gain Access To SME Deals & How Do They View The Risks? Hubertus van der Vaart, Executive Chairman & CoFounder, SEAF
Bert van der Vaart was one of two co-founders of SEAF in 1989, when it was known as the CARE Small Business Assistance Corporation (CARESBAC). Mr. van der Vaart negotiated the establishment and capital raising of CARESBAC-Polska, SEAFs first fund in Poland in 1992. He joined SEAF on a full time basis in 1994 as Director-General of that fund. While serving as DirectorGeneral of CARESBAC-Polska from August 1994 until May 1997, the company completed 27 investments and realised its first 6 exits.

11.50

Neil W. Harper, Managing Director, MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS


Neil is a Portfolio Manager and member of the Investment Committee for Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds group, managing approximately $7bn in fund investments and direct coinvestments globally. Neil leads EMEA primary fund and direct coinvestment activities from the London office and has 20 years of relevant industry experience. Prior to joining Morgan Stanley AIP, he was a Partner with McKinsey & Company based for periods of time in Europe, North America and Asia.

Brahmal Vasudevan, CEO, CREADOR


Brahmal founded Creador in 2011. He previously spent 11 years as a General Partner and Managing Director of ChrysCapital, a leading private equity firm focused on growth capital investments in India. He was part of the senior leadership team that grew assets under management from $64 million to $2 billion. Prior to joining ChrysCapital, Brahmal was at ASTRO, a pay-TV operator in South East Asia, where he was involved in strategy, marketing and expansion into neighbouring countries.

RETURN EXPECTATIONS
To What Extent Will Returns From Emerging Markets Private Equity Live Up To Expectations? Can High Growth & High Returns Continue As Markets Converge?
Moderator:

15.00 Afternoon Tea

Kelly DePonte Partner PROBITAS PARTNERS


Kelly has more than thirty years of industry experience and is responsible for Probitas Partners' research. Prior to joining Probitas Partners, Kelly was Chief Operating Officer and Managing Director at Pacific Corporate Group (PCG), a leading provider of alternative investment advisory, management and consulting services. Kelly oversaw the partnership investment programme, which comprised more than $20 billion in capital dedicated globally to private equity.

Hans Van Swaay, Partner, LYRIQUE


Hans van Swaay has more than twenty years private equity experience as Partner of Lyrique, as Head of Private Equity at Pictet & Cie, as Managing Director of UBS Capital, as Managing Director of Merifin and as partner of Lowe Finance. He has made investments and co-investments with private equity funds worldwide and has made direct investments in privately held companies in Switzerland, Germany, France, the United Kingdom and in the Netherlands. He sat on numerous boards and ran several such companies as CEO on an interim basis.

12.20

A FRONTIER MARKETS CASE STUDY


What Are The Risks In Frontier Markets Private Equity & How Do You Mitigate Them? David Wilton, CIO, IFC
See bio above

"The content and attendee seniority was very good: a very useful conference to have participated in"
Marleen Groen, CEO, Greenpark Capital

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

Monday 25th June 2012

INVESTOR SUMMIT
LP Perspectives Stream
Nicolas Drapeau Director, Private Markets BIMCOR
Bimcor is a mid-size corporate pension plan based in Canada with an active allocation to private equity and infrastructure. Before joining Bimcor, Nicolas worked for Pantheon Ventures, a large global fund of funds in their London office for three years after a four year spell with the European team of the Russell private equity fund of funds in Paris. He started his career at Caisse De Dpt Et Placement Du Qubec focusing on international fund investments.

Frontier Markets & Impact Investing Stream


15.30

14.30

DUE DILIGENCE
What Do Experienced Investors In Emerging Markets Look Out For When Performing Due Diligence On Emerging Markets Funds? How Does This Differ From Developed Markets? Wael Aburida CEO ADDAX BANK
Wael has twenty years of senior level experience in private equity, mergers and acquisitions, and investment banking. Prior to becoming the CEO of Addax Bank in the UAE, where Wael works on fund selection, he was the director of M&A and Strategic Investments for Waha Capital, a Middle Eastern asset manager.

THE IMPACT INVESTING WORKSHOP


15.30 15.50

Mark Goldsmith, Director, Environment, Social and Governance, ACTIS


Mark began his career at Shell International and then moved to the management consultancy Arthur D. Little. He has more than 17 years experience of advising on ESG issues and his specialist knowledge covers climate change, safety and environmental management systems, contaminated land, air emissions and ethical issues. He joined Actis in 2002 and has been central to pioneering the application of ESG practices throughout the investment process, ensuring portfolio companies meet international health and safety requirements that minimise their impact on the environment and implement good social practices in relation to their staff and local communities.

DEFINING, MEASURING & REALISING IMPACT


How Do You Demonstrate Impact Of An Investment? What Are The Tools Available To Measure Impact? Flory Wilson Director of International Standards, GIIRS
Flory Wilson joined B Lab as the Director of International Standards in April 2010. At B Lab, she works on the core team that has launched the Global Impact Investing Rating System (GIIRS) Ratings & Analytics. Flory chairs the Emerging Markets Standards Advisory Council that crafted the GIIRS rating methodology, and led a beta-test of the GIIRS assessment in early 2011 that involved over 200 companies and 25 leading impact investing funds in 30 different countries. Flory also focuses on business development, working with mission-driven enterprises, investment vehicles and impact investors who are using GIIRS Ratings & Analytics.

12.50 Lunch

Featuring 'Meet the LP' Hosted Lunch Tables Hosted By: David Wilton, CIO, IFC & Scott

McCormack, Partner, GRANITE CAPITAL MANAGEMENT


14.00

15.00 Afternoon Tea 15.30

FUNDRAISING EXTENDED SESSION ALIGNMENT OF INTEREST


Who Will Be The Winners & Losers When LPs Invest Or Re-Up With Managers & What Does It Take For GPs To Secure A Commitment? Helena Turley Vice President DB PRIVATE EQUITY
Helena Turley is responsible for institutional client relations and fundraising at DB Private Equity, the private equity fund-of-funds business of Deutsche Bank. DB Private Equity focuses on primary and secondary fund investments as well as direct co-investments for institutional investors and high net worth individuals worldwide.

How Are LPs Harnessing The Changing Balance Of Power Between LPs & GPs? How Do GPs Manage The Competing Demands Of Their Investors? Howard F. Searing III Director, Portfolio Manager DUPONT CAPITAL MANAGEMENT
Mr. Searing joined DCM in 2002 as a performance analyst and is now a member of the investment team responsible for partnership selection and portfolio management. Prior to joining DCM, Mr. Searing worked as a performance analyst at Morgan Stanley Investment Advisors where he was responsible for monitoring and reporting on performance for retail and institutional clients. Prior to joining Morgan Stanley Investment Advisors, Mr. Searing worked at Garban Securities, Inc. in the Mortgage Backed and Asset-Backed trading area.

15.50 16.20

PANEL DISCUSSION
What Is The Commercial Justification For Impact Investing? Is This Just An Asset Class For DFIs & Development Capital? Can Commercial LPs Be Convinced Of The Benefits? Vivina Berla European Managing Director & Senior Partner SARONA ASSET MANAGEMENT
Vivina Berla has eighteen years experience in the institutional investment management world including as a Managing Director at Merrill Lynch Investment Managers and Gartmore. Vivina has been directly involved with private equity funds of funds business as a GP and LP and has extensive experience of Emerging Markets having lived, worked and travelled through Latin America, Asia and Africa since the late 70s.

Horst Guedel Managing Director RWB


Mr. Guedel is co-founder and chairman of RWB-Group which was founded in 1999. With EUR 1.7bn assets under management RWBGroup is one of the most experienced private equity fund of funds managers in Germany.

Nicolas Drapeau Director, Private Markets BIMCOR


See bio above

What a great conference....It was a big privilege and enormous pleasure to participate. Having worked in Emerging Markets for most of my life, I commend SuperReturns for bringing together such knowledgeable investors to focus on such relevant issues in a variety of thought-provoking formats.
Patricia Dinneen, Managing Director, SIGULER GUFF & COMPANY

Scott Penwell, Director, PARISH CAPITAL ADVISORS


Scott is principally responsible for sourcing, executing, and managing primary, secondary, and direct investments in Europe, with a special focus on European emerging markets, including Africa. Prior to Parish Capital, Mr. Penwell was a Vice President at BancBoston Capital in London. Previously, Mr. Penwell was an investment banker for Robertson Stephens in San Francisco.

16.20

KEYNOTE ADDRESS: POLITICAL RISK & CORRUPTION


How Does Transparency International Measure Corruption & Analyse The Effect It Has On Businesses In Emerging Markets? What Can Be Done To Mitigate The Challenge Of Corruption? Deborah Hardoon, Senior Research Coordinator, TRANSPARENCY INTERNATIONAL
Deborah is responsible for three of Transparency Internationals (TI) quantitative global corruption measurement tools which use different methodologies to measure various aspects of bribery and corruption around the world. Prior to working at Transparency International, Deborah was an Economic Planner in the Ministry of Finance in Lesotho, and spent three years as a commercial analyst with BP.

17.00

End of Summit

DAY 1
TUESDAY 26TH JUNE 2012
08.15 Coffee & Registration 08.30

Tuesday 26th June 2012

MAIN CONFERENCE
partnership agreements with general partners and outside fund managers. Prior to joining the Private Markets Group of TRS in 2006, Courtney worked at Tejas Securities Group in Austin, Texas, where she focused on high yield bonds and corporate M&A, and the finance/lending group of Texas Department of Economic Development in the Office of the Governor.

10.30

TURKEY
Will The Returns From Private Equity In Turkey Live Up To Expectations? How Will Turkish Private Equity Absorb The Amount Of Capital Currently Being Allocated & Where Will The New Deals Come From? Moderator: Daniel Morgan, Director, ADVENT INTERNATIONAL
Daniel Morgan joined Advent International in January 2008 and is head of the firms Istanbul office. He has over 14 years of private equity experience. Prior to Advent, he worked for two years as a Director of Kaupthing Banks Principal Investment team within the banks specialist private equity division. Before Kaupthing, he spent nine years with 3i in London and Stockholm in venture capital, growth and buyout positions.

Chairs Opening & Welcome


08.40 09.10

Jane Rowe, Senior Vice President, TEACHERS PRIVATE CAPITAL


See bio on page 6

INSTITUTIONAL LP PERSPECTIVES
How Are Large Institutions Responding To Sluggish Growth In The Global Economy? What Impact Will This Have On Allocations To Emerging Market Private Equity? Dirk Meuleman, Fund Manager, Private Equity & Infrastructure, MN SERVICES
Dirk Meuleman is Fund Manager Private Equity & Infrastructure at Mn Services where he focuses on making private equity and infrastructure fund investments in Europe and emerging markets, portfolio construction and monitoring of private equity & infrastructure funds. Mn Services is an independent fiduciary manager that manages assets on behalf of pension funds and multi nationals. Mn Services is based in The Netherlands and the UK.

KEYNOTE ADDRESS
Hisham El-Khazindar, Managing Director & CoFounder, CITADEL CAPITAL
Prior to co-founding Citadel Capital, Mr. El-Khazindar was Executive Director of Investment Banking at EFG Hermes, where he advised on key transactions, and where he started his career in 1996. In 1999-2000, he was on secondment to Goldman Sachs in London, advising firms on strategic options and M&A transactions. Mr. El-Khazindar sits on the boards of leading companies including ASEC Holding and El Sewedy Cables. He was Chairman of the Capital Markets and Investment Committee at the American Chamber of Commerce in Egypt, was a member of US-Egyptian Business Council.

Neil W. Harper, Managing Director, MORGAN STANLEY ALTRNTIVE INVESTMENT PARTNERS


See bio on page 6

09.45

Nevena Marsili, Investment Manager Funds of Funds, IDEA CAPITAL FUNDS

Anders Strmblad, Head of Alternative Investments, AP-FONDEN 2


Since 2011 Anders Strmblad has been in charge of, among other things, alternative investments at the Second Swedish National Pension Fund (Total assets approx 40 billion USD). The asset class also includes investments in real estate, timber and farmland. In alternative investments Anders has designed the investment strategy and business plan and is responsible for implementation thereof. The private equity programme has made commitments summing up to approx 2.5 billion USD. Anders was the first non US / Canada board member of ILPA.

GLOBAL MACROECONOMIC & GEOPOLITICAL ADDRESS


Examining The Evolving Relationship Between Geopolitical & Macroeconomic Instability: How Will The World Change Over The Next 5 10 Years & What Does This Mean For Emerging & Converging Markets? John Micklethwait, Editor-In-Chief, THE ECONOMIST
John Micklethwait is one of the worlds foremost authorities on globalisation and a leading proponent of its positive impact and potential. He is the coauthor/co-editor of two books on globalisation: A Future Perfect: The Challenge and Promise of Globalization and Globalisation: Making sense of an integrating world. His book, The Company: A Short History of a Revolutionary Idea, was named one of the ten best books of 2003 by BusinessWeek.

Nevena is an Investment Manager at IDEA Capital, where she is responsible for investments in a variety of private equity funds globally. Prior to IDEA, Nevena was a Senior Associate at Coller Capital in London, where she worked on the origination and execution of secondary investments. Previously, Nevena was with Campbell Lutyens in London and Morgan Stanley Investment Banking in New York.

Seluk Yorganciolu, Executive Director & Turkey Country Head, ABRAAJ CAPITAL
Seluk started his career at Interbank in Turkey as a management trainee in 1992. Between 92 and 98 he worked for ABN AMRO Group out of Amsterdam and London as part of the Emerging Markets Investment Banking Group. His last job there was with Equity Capital Markets JV, ABN AMRO-Rothschild in London. Throughout this period, Seluk focused on Emerging Europe, worked on transactions and built connections in Turkey, Russia, Kazakhstan, Poland, Czech Republic, Hungary, Poland and Romania.

Courtney Villalta, Senior Investment Manager, TEACHER RETIREMENT SYSTEM OF TEXAS


Courtney currently focuses on all strategies and geographies of the private equity portfolio, which has a long-term allocation of approximately 12% of the total TRS Trust. She also assists with strategy, policy and procedures within the overall private investments portfolio and negotiates and manages limited

11.00 Morning Coffee

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

DAY 1
11.30 12.45

Tuesday 26th June 2012

MAIN CONFERENCE
Vincent Chan, CEO, SPRING CAPITAL

THE SUPERRETURN EMERGING MARKETS DEBATE


What Is The Best Way To Access Emerging Market Private Equity: Global Vs. Pan-Regional Vs. Country Specific Vs. Funds Of Funds? Fund of Fund: Ivan Vercoutere, Partner LGT CAPITAL PARTNERS
Ivan joined LGT Capital Partners (LGT CP) in 1998. Bringing 20 years of private equity experience, he is responsible for leading and coordinating the global private equity investment activities of the firm and chairs its global investment committee. Headquartered near Zurich, and with locations in New York, London, Dublin, Hong Kong and Tokyo, LGT CP is one of the leading managers of alternative investments on behalf of institutional investors worldwide and is currently managing USD 15 billion in private equity assets and USD 5 billion in hedge funds assets.

NEW PERFORMANCE DATA


Comparing Returns Across Emerging Markets Private Equity: Which Regions & Countries Have Outperformed? Miriam Schmitter, Managing Director, CAMBRIDGE ASSOCIATES
Miriam heads the ex-U.S. private equity and venture capital research team and is responsible for performing due diligence on opportunities in these asset classes, a role which includes visiting investment firms and sometimes their portfolio companies and tracking the industry. Miriam and her team also advise the firms investment consultants on new and existing firms who are raising and managing funds. Before Miriam joined Cambridge Associates in 2005, she was an investment manager of private equity fund investments at Allianz Private Equity Partners, where she researched and selected private equity investment opportunities for the company.

Vincent is the CEO of Spring Capital, an independent US$250m private equity firm focusing on early growth lower mid-market in China. Prior to Spring Capital, he worked as the Managing Director and Head of China of JAFCO Asia from 2000 - 2007. In 2011, Vincent was named to the Forbes China Midas List for the Sixth time. He is currently the co-President of the Hong Kong Venture Capital and Private Equity Association (past Chairman, 05/06) and the Fifth Year at the Listing Committee of the HKEX.

Xiaoyang Yu, Managing Director, CHINA NEW ENTERPRISE INVESTMENT


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 fund in China. Before forming CNEI, Ms. Yu co-founded Victoria Capital Limited, a Hong Kong based financial advisory firm, arranging mezzanine financing for portfolio companies of a number of large private equity funds.

Global: Jonathon Bond, Head of Investor Development Group, ACTIS


Jonathon joined Actis in 2001 as Managing Director of fundraising and investor development activities. Jonathon leads all aspects of fundraising and investor relations at Actis. The firm currently has over US$4.5bn of funds under management and 120+ LPs. He also has overall responsibility and oversight of the ESG function and activities and is a member of the Supervisory Board. He is a member of the firms executive management committee.

16.50

13.10 -14.30 Lunch

INDONESIA
Benefitting From The Natural Resources Boom In Indonesia: What Is The Optimum Way To Access Investible Assets & How Is The Local Private Equity Community Evolving To Manage Institutional Capital? Patrick Walujo, Co-Founder & Co-Managing Director, NORTHSTAR PACIFIC
Patrick Walujo is co-founder and co-managing director of Northstar Equity Partners, a leading private equity fund with primary focus on Indonesia. Northstar is the Indonesian Partner of Texas Pacific Group, one of the worlds leading private equity funds. Before co-founding Northstar, Mr. Walujo was Senior Vice President of Pacific Century Group in Tokyo, Japan. Prior to working at Pacific Century Group Japan, he was an associate at the investment banking division of Goldman, Sachs & Co., in London and New York.

Featuring Meet The LP Hosted Lunch Tables


Sign up on the day to share lunch & conversation with the following LPs: Hosted by: Courtney Villalta, Senior Investment Manager, TEACHER RETIREMENT SYSTEM OF TEXAS & Dirk Meuleman, Fund Manager, Private Equity & Infrastructure, MN SERVICES

Pan Regional: Jim Hildebrandt, Managing Director BAIN CAPITAL ASIA


Mr. Hildebrandt joined Bain Capital in 2005 as a Managing Director. Prior to joining Bain Capital, Mr. Hildebrandt was a Partner at Bain & Company, where he worked for 18 years, helping to establish the Asian offices in China, Southeast Asia, Korea and Australia. Mr. Hildebrandt had regional responsibility for the Asian Private Equity Practice, as well as the China and Southeast Asia Financial Services Practice. Previously, Mr. Hildebrandt was a lawyer at Bennett Jones in Canada, focusing on securities and corporate law.

STREAM A: ASIA
Chair:

Country Specific: Yibing Wu, President, CITIC PRIVATE EQUITY FUNDS MANAGEMENT
Prior to joining CITIC PE, Dr. Wu worked as Managing Director of Legend Holdings, responsible for overall business operations and oversaw its direct investment business. During his tenure at Legend Holdings, he successfully led the equity investments in financial, energy and consumer sectors as well as a number of growth capital investments in new energy and hightech arena. Prior to that, Dr. Wu spent 3 years full time leading the entire process of IBM PCD acquisition, serving as Chief Strategy Officer, Chief Integration Officer, Chief Transformation Officer / Chief Information Officer of Lenovo Group.

Martin Haemmig, Adj. Professor, CETIM

Tom Lembong, Director, QUVAT MANAGEMENT


Tom Lembong is a Managing Partner of Quvat Capital. He previously worked with Deutsche Bank, Morgan Stanley, Farindo Investments (an Indonesia-focused joint venture of Farallon Capital), served for two years as a Division Head and Senior Vice-President at the Indonesian Bank Restructuring Agency and was a Founding Partner of Quvat Capital.

Dr. Martin Haemmigs venture capital research covers 13 countries in Asia, Europe, Israel, and USA. He lectures and/or researches at Stanford University, UC Berkeley, INSEAD, UniBW Munich, ETH Zurich, as well as at Chinas Peking, Tsinghua, Renmin, Fudan and JiaoTong University, plus Indias Institute of Technology, Science and Management in Delhi, Mumbai, Bangalore and Hyderabad. He is author for books on the Globalization of Venture Capital (English & Chinese). He is a former Senior Advisor on Venture Capital at Stanford University - SPRIE and was the advisor on venture capital & internationalization for Chinas largest science park (Zhongguancun).

17.20 18.20

14.30 11.35

SuperReturn Emerging Markets Networking Champagne Roundtables


Take your opportunity to network with key speakers and ask them questions in a format which easily facilitates small group discussion. Choose the topic and host most relevant to you. Each table has a dedicated topic and leader, and participants are encouraged to share their questions and expertise. Confirmed Roundtables include:

Speaker & Topic tbc


If you would like to speak here, please contact James Roberts at jroberts@icbi.co.uk or Tel: +44 (20) 701 77944

EXTENDED SESSION: PAN-AFRICAN OUTLOOK


11.35 11.55

What Do The High Growth Numbers Coming Out Of Africa Actually Mean? How Do These Break Down In Terms Of Jurisdictions & Investible Opportunities? Razia Khan, Head of Research Africa, STANDARD CHARTERED BANK
Razia currently works both in the African Regional Office, advising the Executive Committee on matters relating to Africa, and at the Wholesale Bank, where she provides in-depth analysis on African economies to the Bank's clients. Standard Chartered Bank provides regular monthly and adhoc theme-based publications on African economies and markets, and has received recognition for providing the best research on Africa. In 2006 and 2007, the Bank won Banker Magazines 'Best Bank in Africa' award. During her time with Standard Chartered Bank, Razia has been acknowledged as the leading analyst on African economies.

15.00

INDIA WORKSHOP
NEW DATA INDIAN PRIVATE EQUITY
15.00 - 15.30

ESG: Frederic Sicre, Partner, ABRAAJ CAPITAL South East Asia: Speaker tbc Middle East: Robert Wages, Head of Private Equity, NATIONAL HOLDING Cleantech: Martin Haemmig, Adj. Professor, CETIM Latin America: Ralph Keitel, Principal Investment Officer, IFC
18.00 19.30

Where Are Returns Being Generated In Indian Private Equity? New Research From The Cutting Edge Kunal Srivastava, Research Director, VCCEDGE
VCCircle.com, founded in 2005, is the leading source of independent news, information and data for the investment ecosystem. VCCircle is relied upon by an influential global community of deal makers and entrepreneurs for trusted news and incisive analysis related to Indian investments, M&A, venture capital, private equity, investment banking, public equity, and innovative business models. VCCircle.com has 2 million page views and 200,000 unique visitors a month with 25,000 daily newsletter subscribers. The readership comprises of CXO level professionals and entrepreneurs such as CEOs, directors, corporate development and strategy heads, M&A heads, corporate finance departments, fund managers, investment bankers, financial advisers, and policy makers.

11.55 12.25

SUB-SAHARAN AFRICA
How Can LPs Get Comfortable With Investing In African Private Equity? What Are The Options For LPs Wanting To Access The Growth Story Across This Diverse & Fragmented Continent? Dushy Sivanithy, Principal, PANTHEON
Dushy focuses on the evaluation, selection and monitoring of European investment opportunities and is a member of the European Investment Committee. Dushy has specific responsibility for German and Central and Eastern European Primary Funds. Dushy also focuses on venture and cleantech funds in Europe. Prior to joining Pantheon, Dushy worked for Hermes Private Equity as an analyst working on both fund and direct investments. Previously, he worked for Morgan Stanley as a research analyst in the investment banking division, primarily involved in the telecoms and media sectors.

SuperReturn Emerging Markets Gala Networking Reception


Relax and unwind with your peers after the days sessions & networking. Meet up with old friends and make new contacts at our splendid SuperReturn Emerging Markets gala drinks reception.
19.30 End of Day One

15.30 16.00

INDIAN GPs
Examining How Indian GPs Discipline & Strategy Has Evolved In The Context Of High Valuations, Overcrowding & Lack Of Exit Opportunities Shashank Singh, Partner & Co-head India, APAX PARTNERS
Shashank Singh is a Partner in the Tech & Telecom team and co-heads the India office. Shashank joined Apax Partners in 2004 in London and opened the India office in 2007. Shashank has been involved with a number of key deals including iGATE Patni, TIM Hellas, Weather Investments, TDC, Bezeq and Synetrix. Previously, Shashank was a strategy consultant with Monitor Company, specialised in in the telecoms and technology sectors.

STREAM B: EMERGING EUROPE


14.30

Andrea Heinzer, Investment Manager and Partner, OBVIAM


Andrea Heinzer joined Obviam's predecessor SIFEM in 2006 from SECO, where she worked in the Department for Economic Development Cooperation. Andrea was responsible for SECO's investment portfolio in Sub-Saharan Africa, and the implementation of SECO's Investment Program in the region. Prior to that, Andrea spent several years at SECO's Bilateral Economic Relations Department.

CEE
How Is The Euro Crisis Impacting Investment In Central & Eastern Europe? Will These Economies Emerge Relatively Stronger Once The Dust Has Settled? How Is The Nature Of Deal Flow Changing & What Are The Best Methods Of Exploiting Attractive Valuations? Anne Fossemalle, Director Equity Funds, EUROPEAN BANK FOR RECONSTRUCTION & 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 EBRDs direct investments in banks. Prior to this appointment, she was a Senior Banker in the Financial Institutions group, where she led various debt and equity transactions with banks, and was responsible for EBRDs relationship with international banking groups.

Rahul Bhasin, Managing Partner, BARING PRIVATE EQUITY PARTNERS


Rahul Bhasin is the Managing Partner of Baring Private Equity Partners India and a Senior Partner and Global Board Member of Baring Private Equity Partners (BPEP) International. Rahul is also a member of the Investment Committee of several Baring funds in India and Russia. Rahul has been an advisory board member of the ING group in India and serves on board of various companies. Prior to Baring India, Rahul was a member of the Global Asset Allocation Committee at Citibank based in London.

Scott Nelson, Head of ENS Africa, ENS


Scott Nelson is an executive at ENS (Edward Nathan Sonnenbergs) and has 14 years experience as an attorney. He specialises in cross-border and corporate transactional matters, including private and public takeovers for trade and financial buyers, structured finance, public equity, debt issuance and private equity fund formation. Scotts extensive practice experience ranges throughout Europe, London, the United States and Bermuda. He has also acted as an admitted attorney of the Supreme Court of Bermuda, and is a solicitor in Scotland and in the Supreme Court of England and Wales. Scott is the head of ENS Africa.

Raja Parthasarathy, Partner, IDFC PRIVATE EQUITY


Mr. Raja Parthasarathy is a Partner with IDFC Private Equity, an Indian infrastructure focused private equity manager which manages US$1.3 billion across three funds. Mr. Parthasarathy is currently on the boards of Manipal Universal Learning, Green Infra Limited, International Recreation Parks, Windforce Management Services Limited and Moser Baer Solar. He previously served on the board of Manipal Health Systems. Prior to joining IDFC Private Equity, he was Executive Vice President Finance with Jet Airways, Indias leading private-sector airline, and was earlier with UBS, Goldman Sachs and Lehman Brothers.

Davinder Sikand, Regional Managing Partner & Executive Director & Deputy CEO, AUREOS ADVISORS
Dr. Leonard is the CEO and co-founder of Global Environment Fund. Since 1990, GEF has provided growth capital to high-growth, emerging businesses whose products and services provide cost-effective solutions to environmental and energy challenges. With approximately $1.2 billion in assets under management, GEF holds investments and maintains regional offices in key rapidly growing countries including: Brazil, China, India, and South Africa. In Africa, GEF manages timberland-related assets in five countries. Dr. Leonard also serves as Chairman of Emerging Markets Private Equity Association.

Gabriel Kamensky, Investment Professional, SWISS RE PRIVATE EQUITY PARTNERS


Gabriel focuses on the European market, including Central and Eastern Europe, where he is responsible for market screening and execution of fund investment projects. Prior to joining Swiss Re Private Equity Partners AG, Gabriel worked as an investment analyst at Horizon21 where he participated in private equity projects globally.

16.00 16.20

Afternoon Tea

DEALS IN CHINA
Do Enough Attractive Deals Exist & How Does Private Equity Compete With Other Sources Of Finance To Access The Best Deals? Edmond Ng, Managing Director, AXIOM ASIA PRIVATE CAPITAL
Edmond Ng is a founder and Managing Partner of Axiom Asia Private Capital, an Asia focused private equity fund of funds management firm with $1.4 billion under management. Prior to setting up Axiom Asia, Edmond was a director at Kennen Investment Holdings; a boutique advisory firm with a focus on sourcing private equity and real estate investment opportunities for international investors, and Y Beauty, a Hong Kong based beauty company. Edmond was Vice President in GIC Special Investments (GIC SI), the private equity arm of the Government of Singapore Investment Corporation (GIC).

Pierre Mellinger, Managing Director, PINEBRIDGE INVESTMENTS


Pierre Mellinger is Chief Executive Officer of PineBridge Investments (Central Europe) Sp. z o.o. PineBridge Investments (Central Europe) Sp. z o.o. is the manager of around 1 billion Funds in Central and Eastern Europe, including PineBridge New Europe Partners, L.P., a $320 million Fund, now fully invested; Global Emerging Markets II (GEM II) and PineBridge New Europe Partners II, L.P., a 2008 follow on Fund of 522 million. Mr. Mellinger has extensive experience in investments, finance and management for more than 25 years, including almost 20 years in direct investments.

Jeffrey Leonard, Founder & CEO GLOBAL ENVIRONMENT FUND


Dr. Leonard is the CEO and co-founder of Global Environment Fund. Since 1990, GEF has provided growth capital to high-growth, emerging businesses whose products and services provide cost-effective solutions to environmental and energy challenges. With approximately $1.2 billion in assets under management, GEF holds investments and maintains regional offices in key rapidly growing countries including: Brazil, China, India, and South Africa. In Africa, GEF manages timberland-related assets in five countries. Dr. Leonard also serves as Chairman of Emerging Markets Private Equity Association.

Thierry Baudon, Managing Partner, MID EUROPA PARTNERS


Thierry is the founding Partner of Mid Europa Partners and chairs the Investment and Management Committees of the firm. Thierry has led the Mid Europa team since its inception in 1999. Previously, he headed the International Finance Division of the SUEZ Group and held senior positions with the EBRD and the World Bank/IFC Group.

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

DAYS 1&2
15.00

Tuesday 26th June & Wednesday 27th June 2012

MAIN CONFERENCE
18.00 19.30 16.50

RUSSIA MYTHS & REALITIES


Perceived Vs. Actual Risk: Why Does Russia Get Such A Bad Press? How Justified Is This, & What Returns Are People Actually Seeing On The Ground? Is Now The Right Time To Take Advantage Of Attractive Valuations? Moderator: Jorgen Smeby, Founder & CEO, SIMBA CAPITAL
Prior to launching Simba Capital in 2004, Jrgen spent two years as Global Head of EquityLinked Sales at HSBC, based in London. His responsibilities included fund-linked derivatives, listed and OTC equity derivatives, convertibles and CFDs. Before joining HSBC, Jrgen spent ten years at Credit Suisse First Boston in London as a Managing Director in the firms Derivatives business with focus on marketing of derivative products across the asset classes to a wide universe of European clients.

SuperReturn Emerging Markets Gala Networking Reception


Relax and unwind with your peers after the days sessions & networking. Meet up with old friends and make new contacts at our splendid SuperReturn Emerging Markets gala drinks reception.
19.30 End of Day One

INTERNATIONAL VS. DOMESTIC INVESTORS


What Are The Best Methods Of Balancing The Competing Demands Of Local & International Investors In Emerging Markets Funds? Is It Possible For These Investors To Co-Exist Easily Or Will Side Letters & Differing Terms & Conditions Become The Norm? Robert Wages, Head of Private Equity, NATIONAL HOLDING
See bio on page 6

STREAM C: EMERGING MARKET THEMES


Stream Chair: Mark

OHare, CEO, PREQIN

17.20 18.20

Henry Potter, Partner, ALPHA ASSOCIATES


Henry has been investing in private equity funds and companies in CEE and Russia/CIS since 1994. He has served on investment committees and advisory boards of many of the regions oldest private equity managers, as well as a number of boards of directors of banks and companies. Henry joined Alpha Associates in September 2008 from the European Bank for Reconstruction and Development (EBRD), London, where he participated in a number of ground breaking transactions in the CEE/CIS region, including bank privatisations and turnarounds.

Mark OHare is Founder and Chief Executive of Preqin, the alternative assets information service. Before Preqin, Marks initial career was as a Manager with Boston Consulting Group, where he advised clients in Europe, the US and Africa, across several industries including financial services, healthcare, retail, industrial and consumer products

SuperReturn Emerging Markets Networking Champagne Roundtables


See page 8 for details

14.30

18.00 19.30

Robert Sasson, Managing Partner, UFG PRIVATE EQUITY


Robert Sasson joined the UFG Asset Management team in 2009. He has more than 20 years of experience in the Russian investment market. Prior to UFG, from 2005-2008, he worked with a leading U.S. hedge fund on private equity transactions in Russia and Ukraine. Since 1993 Mr. Sasson served as the head of the St. Petersburg office of the European Bank for Reconstruction and Development and was, among other things, responsible for building a successful portfolio of $1.5 billion of debt and equity transactions. From 1990-1992 Mr. Sasson worked for Phibro Salomon.

Speaker tbc, BROOKFIELD


15.00

SuperReturn Emerging Markets Gala Networking Reception


Relax and unwind with your peers after the days sessions & networking. Meet up with old friends and make new contacts at our splendid SuperReturn Emerging Markets gala drinks reception.

INFRASTRUCTURE
How Are Private Equity Investors Capitalising On The Urgent Need For Infrastructure Across Many Emerging Markets? How Do Managers Overcome The Inherent Risks Of Nationalisation, Illiquidity & Long Term Investing? Gad Cohen, Partner, ELEQTRA
Gad Cohen is a Partner of eleQtra Ltd, the manager of InfraCo Africa and the InfraCo SubSaharan Infrastructure Fund (ISSIF). Gad Cohen has over 18 years of professional experience in the development and financing of infrastructure projects in the power and transportation sectors. Prior to co-founding the eleQtra Group, Mr. Cohen held a series of senior positions at ABB Equity Ventures, the development and equity investment arm of ABB Ltd., including as Head of the Global Power Group where he was responsible for the development and investments in power generation projects worldwide.

WEDNESDAY 27TH JUNE 2012


07.30 08.30:

Jochen Wermuth, CIO & Managing Partner, WERMUTH ASSET MANAGEMENT


Jochen Wermuth, CIO and Founding Partner of Wermuth Asset Management GmbH which invested over $1bn in Russia and recently launched the Tatarstan Cleantech Fund a private equity fund with 110m of committed capital which invests in best-in-class international cleantech companies and facilitates their entry into the high-margin Russian market.

LP Closed Door Breakfast


The SuperReturn Emerging Markets LP Closed Door breakfast is a chance for representatives from pension funds, SWFs, endowments & foundations, to network with their peers and compare experiences in an exclusive environment. The breakfast will feature roundtable discussions covering the following topics: Return expectations Alignment of interest Manager selection New terms & conditions New geographies & opportunities This session is open to pre-registered LPs by invitation only. To apply for a place, please contact Laura Griffin at lgriffin@icbi.co.uk
08.15 Coffee & Registration 08.30

Timothy Krause, Head of Russian Bank Opportunity Fund, IFC GLOBAL FINANCIAL MARKETS
Tim has 20 years of experience investing in emerging markets, and specializes in financial sector investments. Currently, Tim manages IFC's financial sector investment portfolio in Central and Eastern Europe, which is approximately US$2 billion. In the 12 months ending June 30, 2011, Tim's team committed $1.4 billion in new equity, quasi-equity and debt investments in the region.

15.30

Oliver Andrews, Director and Chief Coverage Officer, AFRICA FINANCE CORPORATION
Oliver Andrews is AFC's Director and Chief Coverage Officer. In this capacity, he leads both the corporation's infrastructure project development and technical advisory activities. Oliver is former CEO of London-based TCI Infrastructure Limited. He has a background in engineering, transport, power and project finance, with over 30 years experience in the transport sector and 20 years as an infrastructure project developer and strategic adviser

POLAND
How Are Polish Private Equity Firms Generating The Best Returns In The Region & How Will They Sustain Long Term Growth? How Do LPs See Poland As An Investment Destination? Krzysztof Kulig, Partner, INNOVA CAPITAL
Krzysztof Kulig has been with Innova Capital for 11 years. He is responsible for developing investments in financial services and B2B services across the region. He has been responsible for Innovas two main transactions in financial services, namely: PolCard S.A. and Dom Finansowy QS. Mr. Kulig is also in charge of talent recruitment, having joined Innova from Heidrick & Struggles where he was a principal consultant and head of the e-business and professional services operations. Prior to that, Mr. Kulig worked for five years at Euronet Services, where he was the Managing Director and Vice-President of the Polish subsidiary.

David Creighton, CEO, CORDIANT CAPITAL


David has accumulated over 25 years of experience in international capital markets in New York, London and throughout Asia. In 1999, he co-founded Cordiant, a unique fund manager specialising in emerging market, private sector loans. David guest lectures at McGill University and is a frequent speaker at conferences and in the media on matters relating to the emerging markets.

Dariusz Proczuk, Managing Partner, ENTERPRISE INVESTORS


Dariusz Proczuk is a Managing Partner of Enterprise Investors and Board member of several companies from the EI portfolio. Dariusz has over 24 years of private equity, corporate finance and industry experience in the CEE region. Since joining Enterprise Investors in 1993, he has made more than 20 investments in Poland and in all the major CEE countries, primarily in the financial services, IT, construction materials and FMCG sectors. Key among them have been investments in Lukas, Comp Rzeszw (now Asseco Poland), COMP, Magellan, Kruk, and AVG.

Ben Way, Senior Managing Director, MACQUARIE INFRASTRUCTURE & REAL ASSETS
Ben Way is a Senior Managing Director of the Macquarie Group (Macquarie) who has been based in Asia for over 10 years. Mr Way leads Macquaries unlisted infrastructure and real asset fund activities in Asia which includes managing US$4bn of equity under management deployed in assets across Taiwan, China, Korea, Japan and the USA.

Chairs Opening & Welcome George Siguler, Managing Director & Co-Founder, SIGULER GUFF
George is founding principal of Siguler Guff & Company which has over $7 billion assets under management. He is also a founding partner of Russia Partners, L.P. In 1991, Mr Siguler became head of PaineWebbers private equity group, where he spearheaded the formation of Russia Partners and several domestic private equity funds until Siguler Guff became independent in 1995. Mr Siguler was a founding partner of Harvard Management Company in the early 1970s and initiated and managed its private equity programme.

16.00 Afternoon Tea

15.30

08.40

STREAM B: SECONDARIES & DISTRESSED


16.20

AGRIBUSINESS
What Are The Current Opportunities In The Agribusiness Value Chain & How Does Investing Vary Between Regions? What Do LPs Need To Understand Before Investing? Jeff Leonard, Founder & CEO GLOBAL ENVIRONMENT FUND
As well as the Global Environment Fund, Dr. Leonard is also Managing Partner of the GEF U.S. Growth strategy and Chairman of the investment committee of all GEF funds. In addition to his abiding commitment to GEF, Dr. Leonard is the Chairman of the Board of Directors of the Emerging Markets Private Equity Association (EMPEA) and has previously served as CoChairman of the Clean Technology Venture Network (now the Cleantech Group). He serves also on the boards the National Council for Science and the Environment (NCSE) and the New America Foundation.

CO-INVESTMENTS
Are Co-Investments The Best Way To Boost Returns & Access The Best Deals? What Are The Benefits To LPs In Terms Of Control, Alignment Of Interest & Reduction In Fees? What Are the Potential Pitfalls For LPs & GPs? Claudio Siniscalco, Principal, HARBOURVEST PARTNERS
Claudio Siniscalco joined HarbourVests London-based subsidiary in early 2007 and focuses on originating, evaluating, and executing direct investments in growth equity and buyout transactions in the EMEA region. He is also involved in originating European mezzanine and senior loan investments. Claudio serves as a board member of Panda Security, Polynt, and TynTec and has been involved with several of the firms other direct investments, including Acromas, Nordax, Skylark, SuperMax, Takko, and World-Check.

EMERGING MARKETS SECONDARIES


Using The Secondaries Market As A Source Of Liquidity: Who Is Selling What, & At What Price? What Are The Return Expectations In This Specialist Asset Class? Kenneth Sawyer, Managing Director, SAINTS CAPITAL
Saints is a venture capital and private equity firm focused on providing liquidity for investors and founders of private companies. Saints manages over $1B invested in over 200 companies in technology, healthcare, consumer and industrial industries. Saints is the largest global direct secondary firm. Mr. Sawyer has been selected as a member of the Forbes Midas list, where he was recognised as one of the top 100 investors in venture capital globally.

Ernest Lambers, Managing Director, POMONA CAPITAL


Ernest joined Pomona in 2011 and focuses on sourcing and investment analysis for Pomonas emerging markets business. Prior to joining Pomona, he was a co-founder of EMAlternatives, LLC, and served as Managing Partner & Chief Investment Officer. He has over a decade of private equity investment experience, almost exclusively in the developing world. From 2000 to 2007, Mr. Lambers served as Head of Emerging Markets investing for AlpInvest Partners NV, Amsterdam. He also held various roles at NIB Capital Bank in The Hague and Singapore

Hubertus van der Vaart, Executive Chairman & Co-Founder SEAF


See bio on page 6

16.50

Bill Randall Managing Director PACIFIC AGRI CAPITAL


Pacific Agri Capital is a Singapore based private equity asset manager, focused on investments in emerging market tropical agricultural plantations. Bill has lived in Asia since 1992 where he has been focused on advising family offices and private companies on raising and investing in agricultural venture capital. Pacific Agri Capital currently manages investments in Asia and Latin America in the palm, rubber and industrial corn sectors.

Jim Strang, Principal, HAMILTON LANE


See bio above

DISTRESSED IN ASIA
How Are Firms Taking Advantage Of The New Distressed Opportunities In China & Emerging Asia? Robert Petty Managing Partner CLEARWATER CAPITAL PARTNERS
Rob Petty is Managing Partner and Co-Founder of Clearwater Capital Partners, and a member of the firm's Investment Committee. Turnarounds and restructurings in Asia has been the focus of Mr. Pettys nearly 30-year. His previous experience encompasses roles at Amroc Investments LLC, Peregrine Fixed Income Ltd, and Lehman Brothers Holdings, Inc. Mr. Petty serves on the boards of four Clearwater portfolio companies and two non-profit organizations.

Paul Van Houtte, Head of International Equity & Funds, CASSA DEPOSITI E PRESTITI
Paul Van Houtte initially worked for a VC fund targeting European growth companies after which he joined European Investment Fund focusing on primary fund investments in the VC and Buy Out area across Europe. After having launched the secondary investment area for EIF as Head of Secondary Investments, he later guided private equity investments in the MENA region for the European Investment Bank. Currently Paul is Head of International Equity and Funds for Cassa Depositi e Prestiti.

16.00 Afternoon Tea 16.20

GENERALIST VS SECTOR SPECIFIC


Do Managers Have To Specialise To Survive? How Do LPs Balance Diversification With A Specialist Skill Set?
Moderator:

Alexandre Motte, Managing Director & Head of Co-Investment, AXA PRIVATE EQUITY
Alexandre Motte started his career as an M&A analyst with BNP in New York. He then worked for eight years with The Boston Consulting Group, where he was a Principal, focusing on healthcare and consumer goods. He joined AXA Private Equity Co-Investment team in 2007, and is heading the Co-Investment activity since 2010.

Benjamin Fanger Co-Founder & Managing Director SHORELINE CAPITAL


Mr. Fanger co-founded Shoreline Capital Management, Ltd. in 2004 to invest in distressed assets and special situations in China. The firm currently manages over US$400 million, with principal balances on its distressed debt holdings totaling over US$2 billion. Mr. Fanger works with the Chinese local team of over 20 investment professionals to formulate the companys investment strategies and is involved in the sourcing, analysis, negotiations, restructurings and liquidations related to acquiring and disposing distressed assets in China. Mr. Fanger has been fluent in spoken and written Chinese for fifteen years and has spent three years living in Greater China. He also holds a JD and MBA from University of Chicago and is a licensed attorney in the State of California.

Mark OHare, CEO, PREQIN


See bio above

09.10

Jim Strang, Principal HAMILTON LANE


Jim is a Principal at Hamilton Lane, where his main focus is on fund investment opportunities in Europe. Prior to Hamilton Lane, Jim was a Director and Head of Fund Investments at Dunedin Capital Partners, whose European fund investment operation he helped establish. Previously Jim was Head of European Buyouts at Gartmore Private Equity.

KEYNOTE ADDRESS
Alexander Abolmasov, Managing Partner, NEW RUSSIA GROWTH
Mr. Abolmasov is a Managing Partner of NRG, Russia-based private equity investment management firm. Prior to joining NRG, Alexander was a Corporate Finance Director of Arbat Capital, an investment company with over US$ 700 mn under management. Before that, Alexander worked for Zindel Investment Partners as a director responsible for deal origination, execution and portfolio company development. Earlier he worked for an investment banking boutique, where he managed M&A transactions in Oil & Gas, Utilities, Retail, Forestry and other sectors with total deal value over $500m. Alexander also ran a successful leasing company as an executive director.

17.20 18.20

SuperReturn Emerging Markets Networking Champagne Roundtables


See page 8 for details

Alexandre Alfonsi Founding Partner AXONIA PARTNERS


See bio on page 6

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

DAY 2
09.35

Wednesday 27th June 2012

MAIN CONFERENCE
12.05 12.35

INDIA
To What Extent Has India Disappointed? What Returns Do LPs Want To See & What Will Trigger The Required Level Of Exits? Anubha Shrivastava, Managing Director Asia, CDC GROUP
Anubha Shrivastava is a Managing Director at CDC Group plc, a fund of funds business owned by the British Government that invests in the developing economies of Africa, Asia and Latin America. She is responsible for the Asian investment portfolio spanning across South and South-East Asia and China. Anubha Shrivastava commenced her private equity career in 1999 with General Motors Asset Managements Private Equity Group in New York, USA. She was involved in the global private equity fund-of-funds portfolio as well as the global co-investment programme.

CHINA PRIVATE EQUITY OUTLOOK


How Will Private Equity In China Develop In Light Of The Changing Macroeconomic & Geopolitical Ecosystem?
Moderator:

Angus Blair, Corporate Strategy & Client Development, BELTONE FINANCIAL


Before Beltone, Mr Blair was a consultant and was previously head of product development/asset management at Al Rajhi Bank and before that MD at Safron Advisors, one of the first MENA private equity firms, and previously head of equities. Mr Blair also worked in sales and trading for a number of emerging markets at ING Barings and ABN AMRO. He handled a number of key ECM transactions in the MENA region, including CIBs GDR, as well as the first funds to allow foreign investors to invest in Saudi Arabia and Oman.

Peter Cornelius, Chief Economist, ALPINVEST PARTNERS


See bio above

Rania Gohar, Investment Officer, IFC


Rania, an Egyptian national, is a seasoned professional with a distinguished career in asset management and equity investments in the MENA region. She is currently an investment officer at the private equity and funds department at the IFC working on Sub-Saharan Africa and the MENA region. Previously, she was at NAEEM Group, an Egypt based asset management company, where she was the Managing Director of the Asset Management Operations. Prior to joining NAEEM in 2005, Rania was the Assistant to the Chairman of the Egypt Mortgage Finance Authority for a short period.

Nils Rode, Managing Director, ADVEQ MANAGEMENT


Nils Rode co-heads Adveqs global Investment Management practice across all regions and market segments. Nils is a member of Adveqs Executive Management Group and a member of the Investment Committee. Nils represents Adveq as a speaker at conferences and industry events and is active on several advisory boards. Before joining Adveq in 2005, Nils was a Vice President with private equity backed SkyOnline, a US-based IT and telecommunications company, where he worked in the areas of finance and strategy from 2003 to 2005.

Yibing Wu, President, CITIC PRIVATE EQUITY FUNDS MANAGEMENT


See bio on page 8

Stephen Murphy, Managing Director of Institutional Fundraising, CITADEL CAPITAL


Mr. Murphy joined Citadel Capital in 2008. Prior to joining the firm, Mr. Murphy was head of private placements at Citigroup Global Markets. With more than 20 years of experience in private equity fundraising and investment banking, Mr. Murphy held a range of positions with Salomon Brothers / Salomon Smith Barney in New York, Tokyo and London starting in 1985. Originally a mergers and acquisitions specialist who headed Salomons European M&A practice in the early 1990s, Mr. Murphys career has covered a wide range of advisory as well as public and private fundraising activities.

David Pierce, CEO, SQUADRON CAPITAL


David Pierce is Squadron Capitals Chief Executive Officer, Chair of the firms Investment Committee and Senior Managing Director of Search Investment Group. Immediately prior to joining Search Investment Group in 2001, David was a partner in the Shanghai office of an international law firm, where his practice was focused on investments in China, an area of expertise developed since the mid-1980s. In the 1990s, he was managing director of a Chinafocused private equity firm. Since moving to East Asia in 1982, David has been based at various times in Beijing, Hong Kong, Shanghai, Singapore, Taipei and Tokyo.

Mintoo Bhandari, Senior Partner, APOLLO GLOBAL MANAGEMENT


Mr. Bhandari is a Managing Partner at AION Capital Partners and Senior Partner at Apollo. He joined Apollo in 2006 as a Partner in the New York office, then in the London office and launched Apollos India advisory firm in Mumbai in 2008. Prior to that time, Mr. Bhandari was managing director of The View Group, an India-focused boutique private equity and investment advisory firm. Mr. Bhandari was also previously a member of the private equity team, and later a manager of hedge fund capital, at the Harvard Management Company, which manages the endowment of Harvard University.

15.50

SUB-SAHARAN AFRICA
How Are Private Equity Firms Tapping Into The Domestic Consumer & Natural Resources Sectors In Africa? How Are They Surpassing The Challenges Presented By Political Volatility, Goverance & Competition From Other Capital Sources? Line Picard, Chief Investment Officer, Private Sector Operations and Microfinance, AFRICAN DEVELOPMENT BANK
After having worked for more than 15 years in the private sector in Canada and in Latin America in financial institutions and asset management, Ms Picard joined the African Development Bank in 2008 where she has been involved in the origination and supervision of Private Equity Funds on the African continent.

Eric A. Wilcomes, Director, Portfolio Manager, DUPONT CAPITAL MANAGEMENT


Mr. Wilcomes joined DCM in 2002 and is a member of the investment team responsible for partnership selection and portfolio management. Prior to joining DCM, Mr. Wilcomes was an Associate in the Private Equity Finance Group of Deutsche Banc Alex Brown where he was responsible for due diligence, valuation and marketing in connection with private equity fundraising. Prior to joining Deutsche Banc Alex Brown, he was a Senior Consultant in the M&A Due Diligence Group of Ernst & Young, LLP where he conducted due diligence in connection with M&A buy side advisory assignments.

Idsert Boersma, Manager Private Equity, FMO


10.05

THE SUPERRETURN EMERGING MARKETS LP STRAIGHT TALKING INTERVIEW


A Chance To Hear Directly From An Institutional Investor On Which Markets They Are Focusing On & Why Nick Moakes, Head of Equity & Emerging Markets, THE WELLCOME TRUST
Nick Moakes is Head of Public Markets at the Wellcome Trust, Europes largest charitable foundation. Nick joined the Trust in 2007 from BlackRock Investment Management where he was Head of the Asia Pacific investment team and co-head of Emerging Markets. He has 23 years professional experience in Asia, and 19 years experience in global equity markets.

12.35

SPECIAL GUEST SPEAKER BRAND GURU


Lovemarks: Generating Loyalty Beyond Reason Pedro Simko, Member of the Worldwide Executive Board, SAATCHI & SAATCHI
In 1991, Pedro co-founded SIMKO Communication, which quickly became one of Switzerlands largest and best known advertising agencies. In 2003, SIMKO became the first agency ever based in the French-speaking part of the country, to win the Campaign of the Year Award, Switzerlands most important creative prize. In 2004 SIMKO Communication joined forces with Saatchi & Saatchi to become Saatchi & Saatchi Simko. In May 2006, Pedro was named to Saatchi & Saatchis Worldwide Executive Board and in September 2007 he was appointed Europe, Middle East & Africa Client Director, as well as a member of the EMEA Executive Board.

Kayode Akinola, Partner, HELIOS INVESTMENT PARTNERS


Mr. Akinola, a Nigerian and German national, is a senior private equity professional with more than 12 years of investment experience in Europe and Africa. He has been with Helios Investment Partners, an Africa-focused private equity firm with approximately $1.8 billion in assets under management, since its inception and formation in 2004. At Helios Mr. Akinola leads the firms efforts with regard to making energy investments and has also been instrumental in the firms infrastructure, telecom and financial services investments to date deploying more than US$750mn of equity capital for Sub Saharan Africa.

Yemi Lalude, Managing Partner, ADLEVO CAPITAL


Yemi Lalude is the Managing Partner of Adlevo Capital, a private equity firm focused on investments into technology-enabled businesses in sub-Saharan Africa. Prior to founding Adlevo Capital, Mr. Lalude was a Principal at GGV Capital, a leading expansion stage venture capital firm focused on technology investments in the U.S. and China. Mr. Lalude joined GGV from Siebel Systems where he managed the customer satisfaction product line. He started his career with Hewlett-Packard where he held engineering and leadership positions in the inkjet printer business.

Interviewd by:

George Siguler, Managing Director & Co-Founder, SIGULER GUFF


See bio above

13.15 -14.30 Lunch

Featuring Meet The LP Hosted Lunch Tables


Sign up on the day to share lunch & conversation with the following LPs: Hosted by: Nick Moakes, Head of Equity & Emerging Markets,

16.20 Afternoon Tea

10.35 Morning Coffee

STREAM A: LATIN AMERICA


16.45

Featuring LP/GP Structured Speed Networking


Pick up 15 business cards in 15 minutes! GPs get a chance to meet plenty of LPs quickly, whilst LPs have the opportunity to quickly evaluate a number of funds. If there is a fit, you can follow up later.
11.15

THE WELLCOME TRUST & Paul Van Houtte, Head of International Equity & Funds, CASSA DEPOSITI E PRESTITI Plus! VIP Hosted Lunch table With: Pedro Simko, Chairman & Client Director EMEA, SAATCHI & SAATCHI SWITZERLAND
14.30 14.50

LATIN AMERICA
What Is The Best Strategy For Accessing Latin America? To What Extent Are Smaller Managers Challenging The Dominance Of The Largest Funds & Are LPs Ready To Invest On A Country Specific Level? Ralph Keitel, Principal Investment Officer, IFC
Since joining IFC in early 2006, Ralph has been responsible as regional lead for IFCs private equity fund activities in Eastern Europe/Russia (2006-2008), Africa (2008-2011) and, since 2011, Latin Ameria. Prior to joining IFC, Ralph was with Caisse de Dpt et Placement de Qubec (CDP) in Montral, where he was responsible for a portfolio of venture capital funds in North America and Europe.

BRAZIL
Dealing With The Specific Challenges Of Investing Into Brazilian Private Equity: Managing In An Overheating Economy, Dealing With Macroeconomic Challenges & Balancing Local & Foreign LP Expectations Juan Pablo Zucchini, Managing Director, ADVENT INTERNATIONAL
Juan Pablo Zucchini joined Advent International in 1996 and has 12 years of private equity experience in Latin America. From 2001 to 2003, he worked as a Director in Advents So Paulo office focusing on investments in the business services industry. From 2003 through 2007, he worked in Buenos Aires and is now located in So Paulo. Prior to Advent, Juan Pablo spent three years with Perez Companc Group, where he worked on several major Argentine privatisation projects, concentrating on the oil and gas and energy industries.

Delegate QuickFire Showcase


A must-attend session for those delegates who wish to promote their fund to the SuperReturn Emerging Markets audience. Fund managers have exactly 90 seconds to explain their strategy and what makes their fund unique before being judged by an expert LP panel. Instant LP feedback for your fund, plus a fabulous prize for the winner. Judged by: Carlos Hnein, Partner, QUILVEST

Duncan Littlejohn, Managing Director, PAUL CAPITAL PARTNERS


Duncan Littlejohn is Managing Director- Latin America for Paul Capital Partners, a well known secondary private equity fund manager with over US$ 6 billion in AUM. He was previously a partner of BPE Investimentos and its predecessor Brasilpar, a primary private equity fund manager whose portfolios have included companies such as Datasul, Injepet, Mobitel, Getec, Autotrac, Armco Staco and others. He began his career in NY with the S& W Berisford (UK). He spent 10 years in Ecuador as CEO of Productos Ecuatorianos (Prodec) a leading coffee and cocoa exporter.

STREAM A: AFRICA
14.50

Carlos Hnein, Partner, QUILVEST


Carlos is co-head of Quilvest Private Equity investments in Asia, Latin America and Eastern Europe. He is also Managing Director of Quilvest Dubai, a Quilvest office that handles investor relationships with regional family offices and institutions. Prior to joining Quilvest, Carlos was head of Strategic Planning at Audi Saradar Private Bank and General Manager of Saradar Equity, the banks Private Equity arm. Prior to that, Carlos was a management consultant in a career that spanned over 10 years with Booz Allen and Hamilton as well as Mercer Management Consulting in both London and Paris.

SOUTH AFRICA AS A GATEWAY TO SUB SAHARAN AFRICA


Are South African Private Equity Firms In A Privileged Position To Make The Right Investments To Benefit From High Growth On The African Continent? Nhlanganiso Mkwanazi, Co-Founder & Director, MEDU CAPITAL
Nhlanganiso is a director of Medu Capital. He has 18 years experience in auditing, management consulting and private equity investing. Prior to co-founding Medu Capital, Nhlanganiso was a director of Brait Private Equity. He is a director of various industrial companies and was an executive committee member of the Southern African Venture and Private Equity Association (SAVCA).

Speaker tbc, BROOKFIELD


17.15

ESG
To What Extent Is Environmental & Social Governance A Priority For Commercial LPs? What Will Be The Impact Of New Measures On Emerging Market Fund Managers? Ritu Kumar, Senior Advisor ESG, ACTIS
Ritu joined Actis in 2006 as a member of the ESG team in London, and has over 20 years of experience working with industry on environmental and social issues. Ritu has worked with the United Nations Industrial Development Organisation and established the European affiliate of a leading Indian organisation, The Energy and Resources Institute (Europe), in 2000.

Rafael Horta, Partner, BTG PACTUAL


Rafael is a partner of BTG Pactual and Investment Manager of the Principal Investments Group. Prior to joining BTG Pactual, he was a partner of Gvea Investimentos, Brazils largest independent hedge fund, which he joined in August 2006 as an Investment Associate for the Illiquid Strategies Group, becoming partner in January 2009. Previously, Rafael worked for Goldman Sachs in the Industrials and Natural Resources Investment Banking Division in London (2005-06) and in the Latin American Investment Banking Division both in New York and So Paulo (2003-05) focusing on M&A and capital markets transactions.

Andrew Dewar, Principal, Private Equity, ABSA CAPITAL


Andrew joined the investment team of Absa Capital Private Equity in May 2006. Prior to this, he was a partner at KPMG where he initiated and managed the Industrial and Automotive Transaction Services Team. Within this division, Andrew's focus was on the private equity sector and specifically on the provision of due diligence provision for the local private equity market. In this role, he advised on over 300 transactions, with clients ranging from large international organisations to both listed and unlisted South African companies. Andrew is responsible for deal sourcing, due diligence and deal execution.

11.45

Niclas During, ESG Manager, CDC GROUP


Niclas joined CDC in September 2009 as ESG Manager, coming from McKinsey & Companys London office where he worked on strategy and organisational matters for clients across a number of industries. Prior to joining CDC, he worked in operational management consulting with Celerant Consulting, and before that with the World Bank on private sector development and investment climate enhancement.

EXTENDED SESSION: CHINA ECONOMIC & GEOPOLITICAL OUTLOOK


11.45 12.05

15.20

What Does New Leadership, Slowing Growth, Social Change & Changing Capital Flows Mean For China In The Next Decade? Peter Cornelius, Chief Economist, ALPINVEST PARTNERS
Peter Cornelius heads AlpInvest Partners economic and strategic research, one of the worlds largest private equity investors. Prior to his current position, he was the Group Chief Economist of Royal Dutch Shell, chief economist and Director of the World Economic Forums Global Competitiveness Programme, Head of International Economic Research of Deutsche Bank, a senior economist with the International Monetary Fund, and a staff economist of the German Council of Economic Advisors. A German national, Peter Cornelius is the chairman of the European Venture Capital and Private Equity Associations working group on developing private equity risk measurement guidelines.

NORTH AFRICA
Where Next For North Africa? How Have GPs Managed Their Investments Through Recent Turmoil, & How Can Managers In Other Regions Ensure They Are Prepared For The Unexpected? Hear Lessons Learned & Share Best Practice Ziad Oueslati, Founding Partner, TUNINVEST - AFRICINVEST
Mr. Oueslati is currently the MD and co-founding Partner of TunInvest - AfricInvest the first private equity fund management company in the Maghreb and one of the leading players in Sub-Saharan Africa. Mr. Oueslati participated in the structuring and raising of several investment funds targeting the Maghreb and Sub-Saharan Africa totaling about US$ 800 million. He is a board member of several North African and sub-Saharan companies. Mr. Oueslati has structured over 50 investments in Africa in several industrial and service sectors. He has also conducted on behalf of European financial institutions financial and strategic advisory work in the African continent.

Maaike van der Schoot, Corporate Social Responsibility Officer, ALPINVEST PARTNERS
Maaike is AlpInvest Partner's Corporate Social Responsibility (CSR) Officer and responsible for the development and implementation of the CSR policy. AlpInvest Partners is a leading global private equity asset manager with assets under management of more than 31bn. Maaike joined AlpInvest Partners in 2002. Prior to her current role, she was an investment manager in the Co-Investment team and before she was an investment banking analyst at Morgan Stanley in London.

Geetha Tharmaratnam, Investment Principal - Investments & ESG, AUREOS ADVISORS


Geetha joined Aureos in London in July, 2008. Geetha is the Global Environment, Social and Governance (ESG) Manager for Aureos Capital, coordinating the management of ESG issues through the lifecycle of the investments. In addition, she manages the Africa Health Fund Technical Assistance Facility, which provides funding to portfolio companies for capacity building projects and projects which enhance access to health goods and services for low income people.

10

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

DAYS 2&3
17.45 18.30

Wednesday 27th June & Thursday 28th June 2012

MAIN CONFERENCE
THURSDAY 28TH JUNE 2012
08.30 Coffee & Registration 09.00 12.00

Gala Networking Reception


Relax at our second networking drinks reception: the perfect way to meet new people and continue the days networking.
18.30 End of Day Two

BUYOUT VS. GROWTH VS. VENTURE


12.00 12.20

Chairs Opening & Welcome

New Data: Examining The Most Effective Strategies Across Emerging Markets Daniel Schmidt, Founder & CEO, CEPRES

STREAM B: MIDDLE EAST & ON THE GROUND


14.50

09:10

EUROPEAN LPS MIDDLE EASTERN PRIVATE EQUITY


How Are Fund Managers Broadening Out Of The GCC Region, Overcoming Political Instability & Poor LP Perceptions To Deliver Growth? When Will Exits Come Back To The Market?
Moderator: Brad Bourland, Managing Director, Proprietary Investments, JADWA INVESTMENT
Since June 2007 Brad has been the Chief Economist at Jadwa investment Company in Riyadh. He is also Managing Director of Proprietary Investments, overseeing investment of the banks own capital, and he is the Vice Chairman of the Management Committee. Brad publishes regularly on issues related to the Saudi and global economies and the world oil market. He appears frequently in the domestic and international television and print media. For nine years prior to joining Jadwa, Brad was the Chief Economist at Samba Financial Group, formerly the Citigroup affiliate Saudi American Bank, in Riyadh.

How Are European LPs Allocations To Emerging Markets Private Equity Changing? How Do They View Emerging Markets Within Their Wider Portfolio? Moderator: Janusz Heath, Managing Director, CAPITAL DYNAMICS
Janusz is a Managing Director in the Investment Management team at Capital Dynamics and has over 26 years of private equity experience. Janusz has a leading role in developing the firms emerging markets expertise and during his tenure as head of Asset Management; he was instrumental in building the Asset Management team at a time of substantial growth for the firm. Prior to joining Capital Dynamics, he was head of Central & Eastern European private equity at Allianz Specialised Investments (formerly Dresdner Kleinwort Capital), having previously been deputy chairman and managing director of PTP-Kleinwort Benson.

Dr. Daniel Schmidt is the founder and CEO at CEPRES, the investment decision platform. CEPRES provides its exclusive members of GPs, LPs and Intermediaries the deepest online data and tools for supporting private equity investing including risk and return analysis and comparative research. With detailed data on more than 30,000 private equity backed companies and the broadest network of participants, CEPRES is able to connect large parts of the global private equity community and deliver specialist access for emerging markets, infrastructure, mezzanine and other key sectors.

12.20 12.40

Ivan Vercoutere, Partner, LGT CAPITAL PARTNERS


see bio on page 8

Sonny Wu focuses on investments in the semiconductors, new materials, and new energy sectors. He has made extensive investments related to LED technology, and is an active board member for LatticePower, ShineOn, and Times Energy. Sonny is currently on the boards of Panovel, PowerLayer, Quanray Electronics, Sigma Resources, and SMiT. Prior to GSR, Sonny held key executive positions at Nortel Networks and led the investment in Shanghai ASMC (HKEX: 3355) in 1994. He served as Managing Director for Shanghai Nortel Semiconductors Corp. and Guangdong Nortel Telecom Corp. in 1995.

Panel Discussion: Comparing Investment Strategies In Emerging Markets Sonny Wu, Managing Director, GSR VENTURES

Wael Aburida, CEO, ADDAX BANK


See bio on page 7

See bio on page 6

Sev Vettivetpillai CEO AUREOS ADVISORS

Mohamed Semary, Partner, ABRAAJ CAPITAL


Mohamed Semary is a Partner at Abraaj Capital within the Corporate Business Development Group where he is predominantly involved in investor coverage activities. Mr. Semary leads the firms efforts in maintaining relationships with institutional investors and Limited Partners globally. Prior to joining Abraaj Capital in 2006, Mr. Semary spent five years at EFG-Hermes where his most recent position was as Head of Corporate Business Development.

Hans Van Swaay, Partner, LYRIQUE


See bio on page 6

15.20 16.20

Erik Kaas, Partner, PARTNERS GROUP


Erik Kaas is a Partner, a member of the business development committee, co-head of the investment solutions business department and responsible for strategic client relationship development. Partners Groups investment solutions team is globally responsible for investment origination, business development and client relationship management. He is also a member of EVCA (European Venture Capital Association) Investor Relations Committee.

EMERGING MARKETS ON THE GROUND


A series of small workshop groups focusing on topics facing emerging market managers and their investors. The discussions will be in small groups of 10-15 people and will run concurrently for an hour. Delegates choose which discussion is most relevant for them and then can swap after 30 minutes.

Andrew joined ECP in May 2011 from Amundi Private Equity Funds where he was the Chief Investment Officer of the Kantara Fund, a 150m buy out and expansion capital fund investing in North Africa. Prior to Amundi, Andrew worked for Actis as country manager for Egypt. During this time he was responsible for successful investments in Celtel, the pan-African mobile phone operator and Orascom Telecom Algeria, and was also involved in the first management buy-out in Egypt and acquisition of the Sidi Krir Independent Power plant in Egypt by Globeleq.

Andrew Brown, Managing Director & CIO, ECP

12.40 14.00 Lunch

1) Pool Of Talent
How Do You Find, Retain & Incentivise Managers? What Are The Main Barriers To Successful Recruitment? Led By: Idsert Boersma, Manager Private Equity, FMO
See bio on page 10

Gerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERS


Dr. Gerhard Bauer is a member of ACPs Fund Investment Team and is responsible for primary and secondary investments in European buyout and venture capital funds. Prior to joining ACPs Fund Investment team in 2000, Gerhard was responsible for monitoring Allianz AG's long term industrial holdings. He currently represents ACP on the advisory boards of several private equity funds.

Featuring Meet The LP Hosted Lunch Tables


Sign up on the day to share lunch & conversation with the following LPs: Hosted by: Erik Kaas, Partner, PARTNERS GROUP & Hans Van Swaay, Partner, LYRIQUE
14.00

09.50

2) Currency
Exploring How Fund Managers Mitigate Currency Risk Using Global Diversification, Hedging & Local Currencies

KEYNOTE ADDRESS
David Bonderman, Founding Partner, TPG
TPG and its affiliates have approximately $48 billion of capital under management. Portfolio companies controlled by TPG have combined revenues of over $85 billion, operate in more than 130 countries and employ approximately 600,000 people. Among the portfolio companies of TPG are: PETCO; IMS Health; Avaya; Harrahs Entertainment, Energy Future Holdings (TXU); Neiman Marcus; SunGard and Univision. Prior to forming TPG in 1992, Mr. Bonderman was Chief Operating Officer of the Robert M. Bass Group, Inc. (now doing business as Keystone Group, L.P.) in Fort Worth, Texas.

What Are Good Investor Relations? LPs Give A Truthful Account Of Common Mistakes & Discuss The Dos & Donts Of Investor Relations Moderator: Simon Thornton, CEO, PEARONLINE
See bio above

LP/GP RELATIONS & THE IR TEAM

Speaker tbc 3) Governance Concerns


Which Markets Are Causing The Most Concern For Fund Managers When Analysing Governance & Transparency In Different Regions? Led By: David Creighton, CEO, CORDIANT CAPITAL
See bio on page 9

Peter McKellar, Partner & CIO, SL CAPITAL PARTNERS

SL Capital Partners is a private equity fund of funds manager, with operations in both Europe and North America, that is focused on investing in buy-out funds, both primaries and secondaries, and co-investments. SL Capital Partners currently manages around 6.5 billion of private equity money on behalf of around 160 clients worldwide.

10.15

Rania Gohar, Investment Officer, IFC


See bio on page 10

4) RMB Vs. USD Funds


Examining Conflict Of Interest Within RMB & USD Funds: What Is The Impact On Deal Access, Available Exit Routes & Expected Returns: How Are Funds Being Structured Now?

ELECTRONIC POLLING PANEL


What Are The Opportunities & Key Impediments In Emerging Markets Private Equity? Where Will Allocations Go Next?
Moderator: Brad
See bio above

14.30

SUPERRETURN EMERGING MARKETS ACRONYM GENERATOR


MINTs, N-11, CIVETS, MIST & BRICs: The SuperReturn Audience Uses Electronic Polling To Create Its Own Emerging Markets Acronym Led by: Patricia Dinneen, Managing Director, SIGULER GUFF
See bio on page 6

Speaker tbc
16.20 Afternoon Tea

Bourland, Managing Director, Proprietary Investments, JADWA INVESTMENT

16.45

LP SIMULATOR GAME
Understanding What LPs Think About Each Emerging Market Today
New for SuperReturn Emerging Markets, we are pleased to introduce the LP Simulator Game. Attendees will get to choose from a selection of anonymous real emerging market case-study funds, and make investment decisions in groups over champagne. Then LPs provide their feedback on how they approach fundraising problems today. Led By: Simon

David Bonderman, Founding Partner, TPG


See bio above

14.45 16.00

INTERACTIVE FUNDRAISING SESSION


14.45 15.10

11.00 Morning Coffee 11.30

Panel Discussion: In A Tough Fundraising Market, What Are LPs Looking For When Investing With A Manager & How Should GPs Hone Their Fundraising Strategy Accordingly? Patricia Dinneen, Managing Director, SIGULER GUFF
See bio on page 6

Thornton, CEO, PEARONLINE

Simon founded PEARonline in 2005 to provide private equity GPs and placement agents with a solution to web-based communication with LPs for fundraising and fund reporting. From 1999 to 2004, Simon headed Landmark Partners European operations, and was responsible for investor relations and fundraising in Europe and the Middle East as well as sourcing European acquisition opportunities.

REAL ASSETS
Are Real Assets The Best Hedge Against Inflation? What Is The Optimum Way Of Accessing The Asset Class? Moderator: Berry Polmann, Executive Director, ADVEQ MANAGEMENT
Berry Polmann leads Adveq's global real assets initiative. In addition, he is responsible for Adveq's client relations in the Netherlands and the UK. Prior to joining Adveq in 2007, Berry worked as a manager at PricewaterhouseCoopers where he served Switzerland based private equity funds, hedge funds, and real estate funds with audit, fund structuring, and tax related services. He was also a member of PricewaterhouseCoopers' European team for pan-European asset pooling for pension funds.

Thomas Clausen, Managing Partner & Co-Founder, CAPVENT


Tom co-founded Capvent AG, and jointly manages the firm's investment activities and operations. Previously, he was an Executive Director at Socit Gnrale (SG) focusing on buyout activities and a member of the Senior Management team at Credit Suisse and CSFB San Francisco/Silicon Valley.

Anne-Maree Byworth, Founder, WATLEDGE CONSULTING


Anne-Maree Byworth manages an emerging market private equity advisory firm that provides due diligence services for investors seeking to make commitments to private equity funds operating in Asia and Africa. She also acts as a business coach for recently established general partners seeking to develop robust business platforms, particularly those seeking to operate in nascent private equity markets. Until June 2008, Anne-Maree was Director of Private Equity at CDC Group plc, the fund of funds business owned by the British Government that invests in the developing economies of Africa, Asia and Latin America.

Julien Kinic, Managing Director, IDI EMERGING MARKETS


Julien is managing director and board member of IDI Emerging Markets, a company investing indirectly (through PE funds) and directly in emerging markets companies equity. Prior to that, he was in the PE team of the AFD Group (French DFI). Julien began his career at Arthur Andersen (audit, M&A), then joined Cognetas (formerly Electra Partners), a pan-European LBO fund.

Panel discussion will then break up into round table discussions led by the panellists
15.10 16.00

Solomon Wifa, Managing Partner of London Office, O'MELVENY & MYERS


Solomon Wifa is head of OMelveny's London office and a member of the Investment Funds and Securitization Practice. Solomon has significant experience in the investment funds sector and has acted on a number of international and domestic private equity transactions including the establishment of private equity, hedge, buyout, mezzanine and venture capital funds and carried interest schemes. He has also advised on a number of buy-out, venture and development capital investments.

Michael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERS


Mr. Flood is involved in all aspects of the firms investment activities. In addition to managing the London office, he has been active in primary partnership, secondary partnership, and direct investment activity; with a focus on European and North American opportunities. In addition, he works with other members of the team to serve the needs of existing and prospective TD Capital clients. Prior to joining TD Capital, Mr. Flood worked at Harrowston Inc., a publicly traded buyout group, where he was involved in building platform companies and assessing and investing in a number of new investment initiatives.

17.45 18.30

Gala Networking Reception


Relax at our second networking drinks reception: the perfect way to meet new people and continue the days networking.
18.30 End of Day Two

Harry van den Heuvel, Senior Investment Manager Alternatives, ACHMEA

As Senior Manager Alternatives, Harry is, among other things, responsible for optimising internal processes, manager selection and monitoring asset managers concerning alternatives. Achmea is a large European insurance company based in the Netherlands with operations across Europe. Currently Achmeas alternative portfolio consists of more than 60 direct, fund and fund of funds investments in commodities, hedge funds, infrastructure, micro finance and private equity. Prior to Achmea, Harry was with F. Van Lanschot Bankiers N.V. for more than three years, where he managed and advised on investment portfolios of private clients.

Roundtable Discussions Patricia Dinneen, Managing Director, SIGULER GUFF Peter McKellar, Partner & CIO, SL CAPITAL PARTNERS Rania Gohar, Investment Officer, IFC Thomas Clausen, Managing Partner & Co-Founder, CAPVENT Julien Kinic, Managing Director, IDI EMERGING MARKETS Ivan Vercoutere, Partner, LGT CAPITAL PARTNERS Hans Van Swaay, Partner, LYRIQUE Erik Kaas, Partner, PARTNERS GROUP Gerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERS Berry Polmann, Executive Director, ADVEQ MANAGEMENT Michael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERS Harry van den Heuvel, Senior Investment Manager Alternatives, ACHMEA
16.00 End of Conference

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

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Outstanding Guest Speakers at SuperReturn Emerging Markets 2012


GLOBAL MACROECONOMIC INSIGHT
Tuesday 26th June, 09.45am

THE POWER OF BRANDING


Wednesday 27th June, 12.35pm

John Micklethwait, Editor-In-Chief, THE ECONOMIST

Pedro Simko, Member of the Worldwide Executive Board, SAATCHI & SAATCHI

Examining The Evolving Relationship Between Geopolitical & Macroeconomic Instability: How Will The World Change Over The Next 5 10 Years & What Does This Mean For Emerging & Converging Markets?
John Micklethwait is one of the worlds foremost authorities on globalisationhow it works and where its headedand a leading proponent of its positive impact and potential. He is the co-author/co-editor of two books on globalisation: A Future Perfect: The Challenge and Promise of Globalization and Globalisation: Making sense of an integrating world. His book, The Company: A Short History of a Revolutionary Idea, was named one of the ten best books of 2003 by BusinessWeek. Mr Micklethwait is also an expert on American business and culture, and on American politics and American foreign and defence policy. He was head of the magazines U.S. section from 1999 to 2006. He is the co-author, with Adrian Wooldridge, of The Right Nation: Conservative Power in America and bestseller The Witch Doctors. His forthcoming book, Masters of Management: How The Business Gurus and Their Ideas Have Changed The WorldFor Better and For Worse is a revised and expanded edition of The Witch Doctors. Mr Micklethwait is currently editor-in-chief of The Econonmist, the worlds leading business and current affairs weekly. He is a winner of the Wincott Award, Britains leading prize for financial journalism and was named Editors Editor of the Year at the British Society of Magazine Editors 2010 annual awards. He has appeared on television and radio throughout the world and written op-ed articles for the worlds premier print news journals.

Lovemarks: Generating Loyalty Beyond Reason


Pedro Simko was born in Buenos Aires of Austrian parents in 1957. After studying in the US (Princeton BA, magna cum laude, 1980; Harvard MBA, 1982), Pedro worked in marketing at Procter & Gamble in Switzerland, Middle East, UK, Ireland, Canada and Portugal from 1982 to 1988. From 1988 until 1991 he was Marketing Director for Jacobs Suchard, responsible for the chocolate business in Switzerland, as well as Toblerone and Sugus worldwide. In 1991, he co-founded SIMKO Communication, which quickly became one of Switzerlands largest and best known advertising agencies. In 2003, SIMKO became the first agency ever based in the French-speaking part of the country, to win the Campaign of the Year Award, Switzerlands most important creative prize. In 2004 SIMKO Communication joined forces with Saatchi & Saatchi to become Saatchi & Saatchi Simko. In 2005 and again in 2006, Saatchi & Saatchi Simko was the fastest growing office of Saatchi & Saatchi worldwide. The agency now ranks second in Switzerland. In May 2006, Pedro was named to Saatchi & Saatchis Worldwide Executive Board and in September 2007 he was appointed Europe, Middle East & Africa Client Director, as well as a member of the EMEA Executive Board.

NEW ACADEMIC RESEARCH


Monday 25th June, 9.10am

POLITICAL RISK & CORRUPTION


Monday 25th June, 16.20

Oliver Gottschalg, Professor, Strategy Department, HEC SCHOOL OF MANAGEMENT

Deborah Hardoon, Senior Research Coordinator, TRANSPARENCY INTERNATIONAL

THE IMPORTANCE OF TRACK RECORD: NEW DATA Analysing A GPs Track Record: How Relevant Is A GPs Success In Developed Markets When Looking To Invest In Emerging Markets For The First Time? Can Success In These Different Markets Be Compared?
Olivers current research focuses on the strategic logic and the performance determinants of private equity investments. A second stream of work looks at the implications of employee motivation for firm performance in different settings. In parallel to his faculty position at HEC, he is affiliated with INSEAD as a visiting researcher and the coordinator of the HEC Buyout Research program. His work has been published in leading academic journals and in various publications for practitioners. He regularly presents his research at academic conferences and private equity symposia and serves as an advisor to leading investors in the private equity industry. At HEC, he teaches a core course on business strategy and offers an elective on Management Buyouts.

How Does Transparency International Measure Corruption & Analyse The Effect It Has On Businesses In Emerging Markets? What Can Be Done To Mitigate The Challenge Of Corruption?
Deborah is responsible for three of Transparency Internationals (TI) quantitative global corruption measurement tools which use different methodologies to measure various aspects of bribery and corruption around the world. Prior to working at Transparency International, Deborah was an Economic Planner in the Ministry of Finance in Lesotho, and spent three years as a commercial analyst with BP. Deborah has an MA in Economics from the University of British Columbia.

"This conference was the best I have attended in a while. Very well represented, with discussion panels and presentations lively, to the point and relevant in the current market environment." Sean Glodek, Director, DARBY PRIVATE EQUITY

Just some of the LPs already confirmed as attending:


Metlife Investments, Achmea, PECA, Teacher Retirement System of Texas, AR Investment Partners, Allianz Capital Partners, CDC Group Sarona Asset Management, FMO, ECP, AlpInvest Partners, Siguler Guff, Bimcor, IFC, RWB, Morgan Stanley Alternative Investment Partners, Capital Dynamics, MN Services, Obviam, Quilvest, Swiss Re Private Equity Partners, Overseas Private Investment Corporation, Granite Capital Management, SL Capital Partners, The Wellcome Trust, AXA Private Equity, Unigestion, Parish Capital Advisors, Adveq Management , DEG, DuPont Capital Management, Hamilton Lane, AP-Fonden 2, and many, many more

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For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk

0 By & 70 ok ril Bo h Ap to t 20 Up ve Sa

Free For Foundations, Endowments, Pension Funds, ILPA Members & SWFs
Email: lgriffin@icbi.co.uk to apply

4th Annual

Conference organised by

ICBI

www.superreturnemergingmarkets.com

Investor Summit: Monday 25th June 2012 Main Conference: Tuesday 26th Thursday 28th June 2012 InterContinental Hotel, Geneva

LPs Attended in 2011

120+

Private Equity, Growth Capital & Venture Capital In Converging, Emerging & Frontier Economies
A Forum For LPs To Compare & Contrast Investment Opportunities Across Regions

ABOUT YOUR SPONSORS


Co-Sponsors
The Abraaj Capital group is a leading private equity manager investing in the rapidly growing economies of the Middle East, Turkey, Africa and Asia. Since its inception in 2002, it has raised over US$ 7 billion and distributed around US$ 3 billion to investors. More than 180 professionals work for the Abraaj Capital group, which manages eight funds: four Private Equity Funds, Riyada Enterprise Development (a Fund dedicated to small and medium enterprises in the Middle East), Kantara (a Fund dedicated to small and midcap enterprises in North Africa), ASAS (an income-generating real estate Fund) and a 2004 vintage real estate Fund. The Abraaj Capital group has over US$ 6 billion in assets under management. In 2011, Abraaj Capital was ranked the largest private equity firm in emerging markets worldwide by Private Equity International. Abraaj Capital Limited, a member of the Abraaj Capital group, is licensed by the Dubai Financial Services Authority. Actis closed its pan-emerging markets private equity fund, Actis Emerging Markets 3 (AEM3) in November 2008, with commitments totalling US$2.9bn and its pan-emerging markets infrastructure fund, Actis Infrastructure 2, on 30 September 2009 with commitments totalling US$750m. You can learn more about Actis at www.act.is investments of US$ 650 million), more than any other private equity firm in the region. Citadel Capital is the largest private equity firm in Africa by PE assets under management (2005-2011, as ranked by Private Equity International). For more information, please visit www.citadelcapital.com.

Brookfield Asset Management Inc. (NYSE: BAM / TSX: BAM.A / Euronext: BAMA) is one of the worlds leading alternative asset managers offering investment strategies in real estate, infrastructure, power and private equity to institutional investors. The firm currently has approximately $150 billion of assets under management and over 500 investment professionals and 18,000 operating employees in over 100 offices and operating locations around the world. Brookfield was founded in 1899 when Brazilians and Canadians joined together to form Sao Paulo Tramway, Light and Power and currently has R$23 billion in assets under management in Brazil.

ENS is Africas largest law firm, with over 400 legal, forensic, tax and IP practitioners. The firm was established over 100 years ago and currently operates out of its Johannesburg, Cape Town, Durban and Stellenbosch offices. The firm was recently recognised as one of the fastest growing companies in the world and was voted Legal Adviser of the Year for Sub Saharan Africa, International Law Firm of the Year and Middle East & African Law Firm of the Year 2010. ENS was also rated the Most Trusted Law Firm and Client Care Law Firm of the Year in Africa. ENS is proud to be a level 3 BBBEE contributor.

Actis is the only pan-emerging market private equity firm.With a growing portfolio of investments in Asia, Africa and Latin America; we currently have US$4.5bn funds under management. Our work at Actis is driven by the conviction that we bring more than capital to our investments; we bring benefits to our investee companies, investors and broader society. We call this ethos the positive power of capital. Combining the expertise of over 100 investment professionals on the ground in nine countries, we are proud to actively and positively grow the value of those companies in which we invest.

Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm in the Middle East and Africa. Citadel Capital focuses on building regional platforms in select industries through acquisitions, turnarounds, and greenfields executed via Opportunity-Specific Funds. The firm's 19 OSFs now control Platform Companies with investments worth more than US$ 9.0 billion in 15 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital has generated more than US$ 2.2 billion in cash returns to its co-investors and shareholders (on

NRG is a leading independent alternative investment manager with a focus on Russia & CIS: The private equity fund Volga River One focuses on providing growth capital to mid-market companies and has made six portfolio investments to date (telecoms, retail, food production). Size - $177m, first closing - 2006; number of LPs 20. The mezzanine focused fund, Volga River Growth focuses on providing growth capital. Target size $250m, first closing $135m in 1Q2011 with EBRD as a lead investor.

Associate Sponsors
Clearwater Capital Partners, LLC (Clearwater or the Firm") is an investment firm founded in December 2001 to invest in special situations and distressed or otherwise undervalued assets and securities located in Asia, excluding Japan (the Asia Region). Clearwaters investment strategy is to leverage its distinct advantages in due diligence and execution capabilities across local currencies, languages and jurisdictions to build a diversified, cash generative and non-correlating portfolio of investments in the Asia Region. Clearwater combines the disciplines of private equity and credit investing to capitalize on what the Firm perceives to be a historic opportunity for special situations investing in the Asia Region. Clearwaters investment portfolios are diversified across various economies that comprise the Asia region and over 25 industries. Clearwater has more than 75 professionals across its six primary offices, located in New York, Singapore, Hong Kong, Mumbai, Seoul and Beijing. The Firm manages approximately $1.7 billion and has completed approximately 250 investments.

OMelveny & Myers LLP is a leading global law firm with over 800 lawyers in 15 offices across Asia, Europe and the US OMelveny has one of the largest private equity practices in the world with a prominent emerging markets practice acting for some of the largest funds raised for emerging markets Named Asia Fund Formation Law Firm of the Year (for last two years) and one of Europe's top three Fund Formation Law Firms, by Private Equity International's readers; China VC/PE Foreign Fund Raising Legal Advisor of the Year by Zero2IPO Research Center (for last two years) Clients include The African Development Bank, CDC Group plc, CLSA, Crescent Capital, Development Partners International, the Government of Singapore Investment Corporation, IDG Capital Partners, KV Asia Capital, Lok Foundation, Primavera Capital Group, Shenzhen Fortune Venture Capital and Turk Venture Partners www.omm.com

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1. Fax this form on +44 (0) 20 7017 7807 2. Post this form to: SuperReturn Emerging Markets 2012, ICBI, 8th Floor, 29 Bressenden Place London SW1E 5DR, UK 3. Telephone us on +44 (0) 20 7017 7200 4. Email: info@icbi.co.uk 5. Via the website: www.superreturnemergingmarkets.com Always quote your VIP CODE when registering.
Please do not cover VIP code Conference Code: FKR2327
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I can comfortably say it was the best event I attended this year
Selcuk Yorgancioglu, Senior Partner Abraaj Capital

DATES
Investor Summit: Monday 25th June 2012 Main Conference: Tuesday 26th Thursday 28th June 2012
www.superreturnemergingmarkets.com

VENUE DETAILS
InterContinental Hotel, Geneva 7-9 Chemin Du Petit-Saconnex Geneva 1211 Switzerland Tel:+41-22-9193939 Fax:+41-22-9193838 Email:inter-geneva@intercontinentalgeneva.ch Download hotel booking form on www.superreturnemergingmarkets.com

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? 4 Day Package: Main Conference + Investor Summit ? 3 Day Package: Main Conference only ? 1 Day Package: Investor Summit Only

DATES 25-28 June 2012 26-28 June 2012 25 June 2012

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50% DISCOUNT for domestic companies from Africa, Latin America and parts of South East Asia (Cambodia, Vietnam, Thailand, Laos, Myanmar, Malaysia, Indonesia, Philippines only). Discount subject to validation - please note this discount applies to domestic companies only (not to foreign subsidiaries or joint ventures). MULTI-BOOKING DISCOUNT: If you register more than 2 delegates, the 3rd and each subsequently registered delegate will receive 50% off the fee for any packages that include the main conference. LPs ATTEND FOR FREE - Pension Plans (or Plan Sponsors), Endowments, Foundations, ILPA members & Sovereign Wealth Funds. Subject to qualification. Maximum 2 free passes per company group. To apply please contact Laura Griffin, lgriffin@icbi.co.uk. Please include your name, job title and company, and also a web address. All discounts can only be applied at the time of registration and discounts cannot be combined (apart from Early Booking discounts that apply to everyone). All discounts are subject to approval. Please note the conference fee does not include travel or hotel accommodation costs. 50% Discount for third and subsequently registered delegate fee for any packages that include the main conference. We are happy to accept a replacement delegate for the whole event, however delegate passes cannot be split or shared between delegates under any circumstances. Conference code FKR2327

PAYMENT DETAILS
Please use this form as our request for payment. Fax and phone bookings should be made with a credit card number, or followed up by a posted registration form. Places are only guaranteed by full payment, which must be received before the conference. I will pay by: o Cheque/bankers draft made payable to ICBI for ............................................... o Invoice to be sent to my company o Bank transfer - full details of bank transfer options will be given with your invoice on registration. To make payment by credit card: To ensure we provide the highest level of security for your credit card details we are unable to accept such payments via email or fax which ensures that these details are never stored on our network. To make payment by credit card on-line, please enter your credit card details in our secure payments website that you will use when making your booking via the event website (the event web address is near the top of the booking form). Alternatively call our customer service team on +44 (0) 20 7017 7200.

TERMS AND CONDITIONS: Attendance at this conference is subject to the ICBI Delegate Terms and Conditions at https://icbi-events.com/assets/files/Terms-and-Conditions.pdf. Your attention is drawn in particular to clauses 6, 8 and 14 of the ICBI Delegate Terms and Conditions which have been set out. . Cancellation Policy: : If you cancel in accordance with this policy, you will receive a refund of your fees paid to ICBI (if any): (i) if you cancel your registration 28 days or more before the Conference, subject to an administration charge equivalent to 10% of the total amount of your fees plus VAT; or (ii) if you cancel your registration less than 28 days, but more than 14 days before the Conference, subject to an administration charge equivalent to 50% of the total amount of your fees plus VAT. ICBI regrets that the full amount of your fee remains payable in the event that your cancellation is 14 days or less before the Conference or if you fail to attend the Conference. All cancellations must be sent by email to info@icbi.co.uk marked for the attention of Customer Services and must be received by ICBI. You acknowledge that the refund of your fees in accordance with this policy is your sole remedy in respect of any cancellation of your registration by you and all other liability is expressly excluded. Changes to the conference: ICBI may (at its sole discretion) change the format, speakers, participants, content, venue location and programme or any other aspect of the Conference at any time and for any reason, whether or not due to a Force Majeure Event, in each case without liability. Data protection: The personal information which you provide to us will be held by us on a database. You agree that ICBI may share this information with other companies in the Informa group. Occasionally your details may be made available to selected third parties who wish to communicate with you offers related to your business activities. If you do not wish to receive these offers please contact the database manager. For more information about how ICBI use the information you provide please see our privacy policy at: https://icbi-events.com/assets/files/Terms-and-Conditions.pdf. If you do not wish your details to be available to companies in the Informa Group, or selected third parties, please contact the Database Manager, Informa UK Ltd, 29 Bressenden Place, London, SW1E 5DR, UK. Tel: +44 (0)20 7017 7077, fax: +44 (0)20 7017 7828 or email integrity@iirltd.co.uk. Incorrect Mailing: If you are receiving multiple mailings or you would like us to change any details, or remove your name from our database, please contact the Database Manager at the above address quoting the reference number printed on the mailing label. By completing and submitting this registration form, you confirm that you have read and understood the ICBI Delegate Terms and Conditions and you agree to be bound by them. (Conference code: FKR2327)