08.30 Registration and coffee

09.00 Welcome address Kimberly Romaine, Editor-in-Chief, UNQUOTE”

09.10 LP Update from Western Europe

Rod Selkirk, Hermes Private Equity

09.20 Panel: Getting a foot in CEE

Lots want into a region with strong growth. But what’s the best way in?

• Investing from current fund with team in London
• Investing from current fund, but with team in CEE
• Separate fund altogether

Moderator: Kimberly Romaine, Editor-in-Chief, UNQUOTE”
Michal Chalaczkiewicz, Investment Director, Montagu Private Equity
Felix Potishman, Managing Director, Candover Eastern European Partners LLP
Alan MacKay, Partner, 3i

10.00 How to decide a target’s value
Deciding a target’s value is always tricky but never more so than in an economic downturn.

• Mark-to-market vs at cost
• IPEV guidelines

Tibor Almassy, Partner, PricewaterhouseCooper's

10.25 Secondaries: a European perspective

• The role of secondaries in addressing the challenges facing investors and managers in Central and Eastern Europe
• Secondaries activity in the region
• The long-term outlook for secondaries in Central and Eastern Europe

Daniel Green, Investment Director, Greenpark Capital

10.50 Morning break and an opportunity to visit the exhibition

11.20 Panel: Creating a capital structure for 2009 and beyond

It used to be so easy – senior debt, subordinated debt/ mezzanine and equity. Following years of slicing and dicing, banks have retrenched, leaving a vast gap for mezz – and even an opportunity for GPs to underwrite entire deals, taking a risk on the refinancing later. What are the various methods being done/considered now? What are the pros and cons?

David Vials, Financial Sponsors and Leveraged Finance Group, Unicredit Markets & Investment Banking

Matthew Strassberg, Mid Europa Partners
Other panellists to be confirmed, please check regularly for updates

12.00 Dealing with vendors: from price expectations to motivating with milestones, dealing with vendors has come a long way.

• Vendor price expectations
• Vendor loan notes

Vincent Le Stradic, Managing Director, Lazard

12.30 Keynote: Macroeconomic overview

A look at growth forecasts, unemployment figures, and the opportunities – and risks that lie ahead.

• EU structural funding (for infrastructure, etc
• Interest rates
• Implications of eurozone entry

Professor Witold Orlowski, PricewaterhouseCooper's

13.00 Lunch and an opportunity to visit the exhibition

14.00 LP Panel: Returns expectations going forward

• Reviewing CEE GP returns
• Expectations for the future
• Challenges for chasing alpha in today’s market

Moderator: Henry Potter, Partner, Alpha Associates
Uli Grabenwarter, Head of Equity Fund Investments, European Investment Fund
Alessandra Pasian, Senior Banker, EBRD

14.40 LP Panel Presentation and Discussion: LP concerns in today’s uncertain market

• Funds’ equity ‘under water’
• Defaulting – whether out of need or desire
• Implications for scaling back
• Best way to placate LPs

Brief overview by:
Michael Russell, Partner and Head of Europe, Altius Associates

Discussion with:

Warren Hibbert, Partner, Mvision Private Equity Advisers
Henry Potter, Partner, Alpha Associates
Uli Grabenwarter, Head of Equity Fund Investments, European Investment Fund
Alessandra Pasian, Senior Banker, EBRD
Hannes Ambacher, Managing Director, Gutmann Private Equity

15.20 Afternoon break and an opportunity to visit the exhibition

15.50 Fundraising Issues and Terms in CEE

The 10-year limited partnership structure is no longer the only way to do things, especially as liquidity becomes more important. What are the other options?

Sonya Pauls, SJ Berwin

16.20 Public markets
Once a lucrative exit route, a short-lived avenue for fundraising – now GPs look to public markets for dealflow.

• Public market valuations
• Take-privates – what to expect

Dariusz Pronczuk, Managing Partner, Enterprise Investors

16.50 Chairman’s closing remarks

17.00 Cocktail reception