Chairman’s Opening Remarks

Dory Wiley, Trustee, Chairman Alternative Assets Committee, Teacher Retirement System of Texas

Private Equity Portfolio Diagnostics

• What is your optimal Allocation to Private Equity?
• Is your commitment pacing optimal?
• How does your performance compare to your Private and Public Market Benchmarks?
• What generated your performance?
• Is your portfolio sufficiently diversified and performing as expected?
• What is your Risk/Return profile?
• Prospective Managers – will they decrease your portfolio’s risk through diversification and add to its return?

Speaker:
Austin Long, Partner, Alignment Capital

Emerging Markets & The Global Scope of Private Equity – The Continued Global Expansion of Private Equity Investing

• The search for Returns in Asia, India, and other Emerging Markets
• Why Invest in Emerging Markets - What is the rationale and incentives for LPs and GPs to go International?
• Which Countries offer the best Opportunities?
• How do the various markets compare on a regional basis?
• Where are we in the cycle?
• What is the outlook and where will the industry be in 5-10 years?

Speakers:
Steve Cowan, Managing Director, Pacific Corporate Group International, (PCGI)
Pat Dinneen, Managing Director, Siguler Guff & Company

Limited Partners - A Perspective on the Attractiveness of the Market

• Tougher choices on how to deploy Capital due to a Matured Market
• Increased competition
• The Age of Critical Manager Selection
• Sector Diversification - What is your current or target allocation?
• Expanding your capital base and geographic reach
• How far into the Private Equity boom are we?
• The effect of the continued move of Private Equity Firms moving into the Public Equity Markets
• Fundraising Trends

Speaker:
Rita Sallis, CIO, New York City Retirement Systems

Public & Corporate Fund Views on Private Equity

• The increased commitment to Private Equity by Public Pension Plans
• What does your Fund look for?
• How eager are you to invest in Emerging Markets?
• The strategic role of Emerging Markets, Co-Investments and Secondaries
• Performance Objective and Long Term Returns
• Diversification by Sub-Sector/Strategy, Manager and Geography

Moderator:
Rick Agosto, Trustee, Texas Permanent School Fund

Speakers:
Joseph Haslip, Executive Director of Pensions, New York City Retirement Systems
Dory Wiley, Trustee, Chairman, Alternative Assets Committee, Teacher Retirement System of Texas
Reggie Sanders, Manager, Pension Investments, Eastman Kodak

Venture Capital

• Technological Advances
• Niche Opportunities in Small Venture
• Has the Technology Sector matured or is there still enough innovation left for Early Stage Investing?
• The Shift from Early to Growth Stage
• Emerging Market Opportunities/Risks
  
• Venture Capital Performance versus other subdivisions
• What are today’s best Venture Strategies to create Growth and Value?
• Which Venture Sectors are now poised for Growth and what are the new Catalysts?
• How to differentiate
• What to look for in a GP
• Emerging Managers: Fad or Asset Class?

Moderator:
George Hoyem, Managing Director, Blueprint Ventures

Speakers:
Brad Young, Partner, Head of North America, Altius Associates
Robert Finkel, Managing Partner, Prism Capital
Rod Randall, Senior Managing Director, Vesbridge Partners

Buyouts

• The Trends & Effects of Club Deals and other Non-Traditional investments
• Behind the Buyout Surge: Liquidity, Cheap Debt, Lower Defaults
• Will Conflicts of Interest, Litigation or the Justice Department stall the Buyout Binge?
• The impact of Club Deals on Investor returns
• The Buyout Industry Trends – will big firms have a distinct advantage over middle market firms?
• Where will the Opportunities come from?
• Creative Exit Strategies

Moderator:
Monte Brem, CEO, StepStone Group

Speakers:
David Roberts, Senior Managing Director, Angelo, Gordon & Co.
Dave Woolford, Managing Director, Capital Dynamics
David Morse, Managing Director, Lehman Brothers

Distressed Investing

• Why will Defaults be on the rise?
• The Fed, Inflation, Increasing Debt and The Economy - its influence on a possible future boom in Distressed Investing
• The next wave of Defaults and what you will do to be prepared
• Opportunities that will arise as a result of Bankruptcies
• Which industries will be in the most financial trouble?

Speaker:
Bill Monagle, Partner, Senior Consultant, New England Pension Consultants, (NEPC)

Lunch
Sponsored By:

Infrastructure Investing

• Characterizing Infrastructure as an Alternative Asset Class – Private Equity or Real Estate?
• Benchmarking Returns, and comparing against other Asset Classes
• Diversification as a Risk-Mitigation Strategy
• What are the Risk-Return Characteristics of each type of Infrastructure Asset?
• How can Infrastructure fit into your Asset Allocation?
• Long Term Revenue Streams
• New Approaches and New Opportunities to Invest in Infrastructure

Speaker:
Jay Frisbie, Vice President, Finance, Tenaska Capital Management

Consultant Round-Table

• How does a Consultant identify talent and evaluate managers?
• The screening process
• Strategic and Structural Reviews
• Performing Due Diligence on opportunities and Partner selection
• Top mistakes Money Managers make
• Finals Presentations advice
• What is your Portfolio Allocation Strategy – your breakdown in percentage terms of each subdivision of Private Equity
• Emerging Trends

Moderator:
Rene Nunez, Trustee, Vice Chairrman, Texas Permanent School Fund

Panelists:
Matthew O’Reilly, Partner, Aldus Equity
Brad Young, Partner, Head of North America, Altius Associates
Alan Kosan, Managing Director, Co-Head Non-Traditional Investments Group, CRA Rogers Casey
Brett Nelson, Principal, Head of Global Private Equity, Ennis Knupp & Associates
Reid Smith, Director of Private Equity, Evaluation Associates
Michelle Davidson, Managing Director, Pacific Corporate Group, (PCG)

Speed Dating

Time for the Managers, Consultants, and Plan Sponsors to solidify the relationships made over the course of the day.  Interact and discuss challenges and issues among the Private Equity investment industry.  Get a feel for the current direction of the various Plan Sponsor’s investment programs, focus, outlook and considerations.  While this should not be a marketing session for Managers, it should act as a stepping stone to exploring mutual business objectives and strategies.

Each session will be 7 minutes of one-on-one Speed Dating