superreturn em 2012 brochure 3

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A Forum For LPs To Compare & Contrast Investment Opportunities Across Regions Insights From 85+ LPs & FoF Speakers Including Amazing Line-Up Of Industry Experts Special Guest Speakers Courtney Villalta TEACHER RETIREMENT SYSTEM OF TEXAS Nick Moakes THE WELLCOME TRUST Jane Rowe TEACHERS’ PRIVATE CAPITAL Dirk Meuleman MN SERVICES Joachim Schumacher DEG Nicolas Drapeau BIMCOR Anders Strömblad AP-FONDEN 2 David Bonderman TPG Miriam Schmitter CAMBRIDGE ASSOCIATES Tom Speechley ABRAAJ CAPITAL Hisham El-Khazindar CITADEL CAPITAL Investor Summit: Monday 25th June, 2012 Main Conference: Tuesday 26th – Thursday 28th June, 2012 InterContinental Hotel, Geneva Co-Sponsors Book By 20th April & Save Up To £700 Private Equity, Growth Capital & Venture Capital In Converging, Emerging & Frontier Economies www.superreturnemergingmarkets.com 4th Annual Pedro Simko Member of the Worldwide Executive Board SAATCHI & SAATCHI John Micklethwait Editor-in-Chief THE ECONOMIST Deborah Hardoon Senior Research Coordinator TRANSPARENCY INTERNATIONAL Oliver Gottschalg Professor, Strategy Department HEC SCHOOL OF MANAGEMENT For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected] Associate Sponsors SuperReturn Blog SuperReturn Emerging Markets @SuperReturn @SuperReturnTV 140+ Outstanding Speakers • 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 O’Melveny & 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 LPs & FoFs 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… Free For Foundations, Endowments, Pension Funds, ILPA Members & SWFs Email: [email protected] to apply 120+ LPs Attended in 2011 FOLLOW US ON Conference organised by ICBI Scan with smartphone QR Reader App NEW NEW 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 Industry Experts Plus! NEW NEW NEW NEW NEW NEW

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Page 1: SuperReturn EM 2012 Brochure 3

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

Insights From 85+ LPs & FoF Speakers Including

Amazing Line-Up Of Industry Experts

Special Guest Speakers

Courtney Villalta TEACHER RETIREMENT

SYSTEM OF TEXAS

Nick MoakesTHE WELLCOME TRUST

Jane RoweTEACHERS’ PRIVATE

CAPITAL

Dirk MeulemanMN SERVICES

Joachim SchumacherDEG

Nicolas DrapeauBIMCOR

Anders StrömbladAP-FONDEN 2

David BondermanTPG

Miriam SchmitterCAMBRIDGE ASSOCIATES

Tom SpeechleyABRAAJ CAPITAL

Hisham El-KhazindarCITADEL CAPITAL

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

Co-Sponsors

Book By 20th April &

Save Up To £700

Private Equity, Growth Capital & Venture Capital In Converging, Emerging & Frontier Economies

www.superreturnemergingmarkets.com

4th

Annual

Pedro SimkoMember of the Worldwide

Executive Board SAATCHI & SAATCHI

John MicklethwaitEditor-in-Chief

THE ECONOMIST

Deborah HardoonSenior Research Coordinator

TRANSPARENCYINTERNATIONAL

Oliver GottschalgProfessor, Strategy Department

HEC SCHOOL OFMANAGEMENT

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

Associate SponsorsSuperReturn Blog

SuperReturn Emerging Markets

@SuperReturn

@SuperReturnTV

140+ Outstanding Speakers

• 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 CapitalPartners

• SEAF• Spring Capital• Abraaj Capital• PEAROnline • Probitas Partners• Brookfield • O’Melveny & 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

LPs & FoFs

All New Investor Summit Featuring • LP Perspectives & • Focus On Frontier Markets

Monday 25th June, 2012Featuring: Teachers’ Private Capital, Siguler Guff, Overseas Private InvestmentCorporation, Granite Capital Management, OBVIAM, Morgan Stanley InvestmentManagement, Lyrique, Bimcor, DB Private Equity, RWB, FMO, NationalHolding, DEG, Sarona Asset Management, CDC Group and many more…

Free For Foundations,Endowments, Pension

Funds, ILPA Members &SWFs

Email: [email protected] to apply

120+ LPs Attended

in 2011

FOLLOW US ON

Conference organised by

ICBI

Scan with smartphone QR

Reader App

NEW

NEW

• Teacher RetirementSystem 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 InvestmentPartners

• AlpInvest Partners • OBVIAM• OPIC • FMO

• African DevelopmentBank

• 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

Industry Experts

Plus!

NEW NEW NEW NEW NEW NEW

FKR2327 SR EM 2012 (LR)_brochure 13/04/2012 11:59 Page 1

Page 2: SuperReturn EM 2012 Brochure 3

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LP Perspectives Stream Chaired By: BROOKFIELD

LP CONCERNSOpacity, Lack Of Exits, Indiscipline, Mediocre Performance, Manager

Turnover, Questionable Manager Motivation, Illiquidity, Market Distortion ByNew 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 HOLDINGAmin Al-Rashid, CEO, AR INVESTMENT PARTNERS

Paul Newsome, Executive Director - Head of Investment, UNIGESTION

RETURN EXPECTATIONSTo 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

GP DISCIPLINEDiscipline 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, LYRIQUENicolas Drapeau, Director, Private Markets, BIMCOR

Frontier Markets & Impact Investing Stream

FRONTIER MARKETSAccessing Attractive Valuations & Benefitting From Lack Of Competition In AHigh 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 MANAGEMENTFlorian Kohler, Investment Manager & Associate Partner, OBVIAM

Brahmal Vasudevan, CEO, CREADOR

A FRONTIER MARKETS CASE STUDYWhat Are The Risks In Frontier Markets Private Equity &

How Do You Mitigate Them?David Wilton, CIO, IFC

ALIGNMENT OF INTERESTHow 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

DUE DILIGENCEWhat Do Experienced Investors In Emerging Markets Look Out For WhenPerforming Due Diligence On Emerging Markets Funds? How Does This

Differ From Developed Markets?Wael Aburida, CEO, ADDAX BANK

EMERGING MANAGERSDiscerning 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

SMEsWhat Are The Ways In Which SME Investors Discern The Credibility Of An

Entrepreneurial Business? How Do Institutional Investors Gain Access To SMEDeals & How Do They View The Risks?

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

FUNDRAISING EXTENDED SESSIONWho Will Be The Winners & Losers When LPs Invest Or Re-Up WithManagers & What Does It Take For GPs To Secure A Commitment?

Helena Turley, Vice President, DB PRIVATE EQUITYHorst Guedel, Managing Director, RWB

Scott Penwell, Director, PARISH CAPITAL ADVISORS

THE IMPACT INVESTING WORKSHOP

15.30 – 15.50DEFINING, MEASURING & REALISING IMPACT

How Do You Demonstrate Impact Of An Investment? What Are The ToolsAvailable To Measure Impact?

15.50 – 16.20PANEL DISCUSSION

What Is The Commercial Justification For Impact Investing? Is This Just AnAsset Class For DFIs & Development Capital? Can Commercial LPs Be

Convinced Of The Benefits?Vivina Berla, European Managing Director & Senior Partner,

SARONA ASSET MANAGEMENTMark Goldsmith, Director, Environment, Social and Governance ACTIS

Lunch Plus! LP Lunch Hosted Lunch TableHosted By: David Wilton, CIO, IFC

& Scott McCormack, Partner, GRANITE CAPITAL MANAGEMENT

Afternoon Tea

Coffee & Registration

Chair’s Opening & Welcome

NEW DATA: THE IMPORTANCE OF TRACK RECORDAnalysing A GP’s Track Record: How Relevant Is A GP’s 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 INTERVIEWAn 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 CAPITALInterviewed By: Oliver Gottschalg, Professor, Strategy Department, HEC SCHOOL OF MANAGEMENT

KEYNOTE INTERVIEW Topic tbc

Tom Speechley, Senior Partner, ABRAAJ CAPITAL & Sev Vettivetpillai, CEO, AUREOS ADVISORS

DFIsWhat 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, DEGGerhard Pries, CEO & Managing Partner, SARONA ASSET MANAGEMENT

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

Coffee

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

Highlights &Key Features

KEYNOTE ADDRESS: POLITICAL RISK & CORRUPTIONHow 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

INVESTOR SUMMITFeaturing LP Perspectives & Focus On Frontier Markets

Monday 25th June, 2012

New Data Monday 25th June, 08.50am

An extraordinary insight from a leadingprivate equity academic into the

performance of those funds who haveachieved great returns in developed

markets and are now moving intoemerging economies. Does the one

size-fit-all approach work?

LP Interview Monday 25th June, 09.30am

An opportunity to hear from one ofthe most sophisticated LPs in the

world, as Jane Rowe discusses howTeachers’ Private Capital will invest

in the future and why they areincreasingly moving away from

traditional fund models to a direct &co-investment strategy.

Focus On FrontierMarkets

Monday 25th June, 11.20am – 17.00 With increasing concerns around

valuations in emerging markets somemanagers are moving into new,

underdeveloped frontier economies.What are the risks associated withthese markets & how do managers

mitigate them? Are DFIs the only LPsready to invest here? An afternoon

dedicated to a series of discussions &presentations on the key issues

surrounding investment in frontiermarkets.

The Impact OfCorruption On

Emerging MarketInvesting

Monday 25th June, 16.20 With transparency on the top of LPs’ list

of concerns, this is a fascinatingopportunity to hear from the

organisation which compiles theworld’s most trusted and widely

used index of corruption. Find outhow Transparency International

measures corruption and how a lack oftransparency affects businesses in

different markets.

LP PerspectivesStream

Monday 25th June, 11.20am – 17.00A chance to hear from LPs on what

they are looking for from an emergingmarkets manager; topics will includeLP/GP alignment of interests, due

diligence, return expectations and amaster class in fundraising. If you

want to know what LPs are thinking,don’t mis this valuable insight.

Interested InSpeaking AtSuperReturn

Emerging Markets? Please contact

James Roberts [email protected] or

Tel: +44 (0) 20 7017 7944

LP

FUNDRAISING

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Page 3: SuperReturn EM 2012 Brochure 3

Stream A: Asia Chair: Martin Haemmig, CETIM

Topic & Speaker tbc

If you are interested in speaking during this session, please contact James Roberts at

[email protected] or Tel: +44 (20) 701 77944

INDIA WORKSHOP NEW DATA - INDIAN PRIVATE EQUITY

15.00 – 15.30Where Are Returns Being Generated In Indian Private

Equity? New Research From The Cutting EdgeKunal Srivastava, VCCEDGE

INDIAN GPs15.30 – 16.00

Examining How Indian GPs’ Discipline & Strategy HasEvolved In The Context Of High Valuations,Overcrowding & Lack Of Exit Opportunities

Shashank Singh, APAX PARTNERSRahul Bhasin, BARING PRIVATE EQUITY PARTNERS

Raja Parthasarathy, IDFC PRIVATE EQUITY

Stream B: Emerging Europe

CEEHow Is The Euro Crisis Impacting Investment In Central

& Eastern Europe? Will These Economies EmergeRelatively Stronger Once The Dust Has Settled? How Is

The Nature Of Deal Flow Changing & What Are TheBest Methods Of Exploiting Attractive Valuations?

Anne Fossemalle, EUROPEAN BANK FORRECONSTRUCTION & DEVELOPMENT

Gabriel Kamensky, SWISS RE PRIVATE EQUITYPARTNERS

Pierre Mellinger, PINEBRIDGE INVESTMENTS Thierry Baudon, MID EUROPA PARTNERS

RUSSIA – MYTHS & REALITIESPerceived Vs. Actual Risk: Why Does Russia Get Such

A Bad Press? How Justified Is This, & What Returns ArePeople Actually Seeing On The Ground? Is Now The

Right Time To Take Advantage Of Attractive Valuations?Moderator: Jorgen Smeby, SIMBA CAPITAL

Henry Potter, ALPHA ASSOCIATES Robert Sasson, UFG PRIVATE EQUITY

Jochen Wermuth, WERMUTH ASSET MANAGEMENTTimothy Krause, IFC GLOBAL FINANCIAL MARKETS

POLANDHow Are Polish Private Equity Firms Generating TheBest Returns In The Region & How Will They SustainLong Term Growth? How Do LPs See Poland As An

Investment Destination?Krzysztof Kulig, INNOVA CAPITAL

Dariusz Pronczuk, ENTERPRISE INVESTORS

Stream C: Emerging Market ThemesChair: Mark O’Hare, PREQIN

Topic & Speaker tbcBROOKFIELD

INFRASTRUCTUREHow Are Private Equity Investors Capitalising On TheUrgent Need For Infrastructure Across Many Emerging

Markets? How Do Managers Overcome The Inherent RisksOf Nationalisation, Illiquidity & Long Term Investing?

Gad Cohen, ELEQTRAOliver Andrews, AFRICA FINANCE CORPORATION

David Creighton, CORDIANT CAPITALBen Way, MACQUARIE

INFRASTRUCTURE & REAL ASSETSAGRIBUSINESS

What Are The Current Opportunities In The AgribusinessValue Chain & How Does Investing Vary Between Regions?

What Do LPs Need To Understand Before Investing? Jeff Leonard, GLOBAL ENVIRONMENT FUND

Hubertus van der Vaart, SEAFBill Randall, PACIFIC AGRI CAPITAL

Stream A: Asia DEALS IN CHINA

Do Enough Attractive Deals Exist & How Does PrivateEquity Compete With Other Sources Of Finance To

Access The Best Deals?Edmond Ng, AXIOM ASIA PRIVATE CAPITAL

Vincent Chan, SPRING CAPITALXiaoyang Yu, CHINA NEW ENTERPRISE INVESTMENT

INDONESIABenefitting From The Natural Resources Boom InIndonesia: What Is The Optimum Way To Access

Investible Assets & How Is The Local Private EquityCommunity Evolving To Manage Institutional Capital?

Patrick Walujo, NORTHSTAR PACIFICTom Lembong, QUVAT MANAGEMENT

Stream B: Secondaries & Distressed EMERGING MARKETS SECONDARIESUsing 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

DISTRESSED IN ASIAHow Are Firms Taking Advantage Of The New

Distressed Opportunities In China & Emerging Asia?Robert Petty, CLEARWATER CAPITAL PARTNERS

Benjamin Fanger, SHORELINE CAPITAL

Stream C: Emerging Market Themes GENERALIST VS SECTOR SPECIFIC

Do Managers Have To Specialise To Survive? How DoLPs Balance Diversification With A Specialist Skill Set?

Moderator: Mark O’Hare, PREQINJim Strang, HAMILTON LANE

Alexandre Alfonsi, AXONIA PARTNERS

INTERNATIONAL VS. DOMESTIC INVESTORSWhat Are The Best Methods Of Balancing The

Competing Demands Of Local & International InvestorsIn 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

Afternoon Tea

Coffee & Registration

Chair’s Opening & Welcome

INSTITUTIONAL LP PERSPECTIVESHow Are Large Institutions Responding To Sluggish Growth In The Global Economy?

What Impact Will This Have On Allocations To Emerging Market Private Equity?Anders Strömblad, Head of Alternative Investments, AP-FONDEN 2

Courtney Villalta, Senior Investment Manager, TEACHER RETIREMENT SYSTEM OF TEXASJane Rowe, Senior Vice President, TEACHERS’ PRIVATE CAPITAL

Dirk Meuleman, Fund Manager, Private Equity & Infrastructure, MN SERVICES

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

GLOBAL MACROECONOMIC & GEOPOLITICAL ADDRESSExamining 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

TURKEYWill 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 PARTNERSNevena Marsili, Investment Manager Funds of Funds, IDEA CAPITAL FUNDS

Selçuk Yorgancioğlu, Executive Director & Turkey Country Head, ABRAAJ CAPITAL Morning Coffee

THE SUPERRETURN EMERGING MARKETS DEBATEWhat 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 PARTNERSGlobal: Jonathon Bond, Head of Investor Development Group, ACTIS

Pan Regional: Jim Hildebrandt, Managing Director, BAIN CAPITAL ASIACountry Specific: Yibing Wu, President, CITIC PRIVATE EQUITY FUNDS MANAGEMENT

EXTENDED SESSION: PAN-AFRICAN OUTLOOK11.35 - 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

SUB-SAHARAN AFRICA11.55 - 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, OBVIAMScott Nelson, Head of ENS Africa, ENS

Davinder Sikand, Regional Managing Partner & Executive Director & Deputy CEO, AUREOS ADVISORSJeffrey Leonard, Founder & CEO, GLOBAL ENVIRONMENT FUND

NEW PERFORMANCE DATAComparing Returns Across Emerging Markets Private Equity: Which Regions & Countries Have Outperformed?

Miriam Schmitter, Managing Director, CAMBRIDGE ASSOCIATESLunch 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

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected] 3

Champagne Networking RoundtablesYour 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

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Highlights &Key Features

SUPERRETURN EMERGING MARKETS MAIN CONFERENCEDay One

Tuesday 26th June, 2012

LP InstitutionalPerspectives

Tuesday 26th June, 08.40am Large institutions are increasingly

consolidating their portfolios around selectmanagers. Is this the best way to gainaccess to the best returns and how willit impact allocations to emerging markets?

Performance DataFrom Across The World

Tuesday 26th June, 12.45pm Cambridge Associates present some of

the results from their comprehensivedata, comparing performance

statistics from regions and countriesaround the world.

Vote On The BestStrategy To AccessEmerging Markets

Tuesday 26th June, 11.10am After 2011’s lively debate on which region

provided the best returns; this year’saudience vote on the strategy LPs shoulduse when accessing emerging markets. Aproponent of each strategy will battle it

out in a 5 minute speech before theaudience have their say via real time

electronic polling.

Special GuestSpeaker

Tuesday 26th June, 09.45 amJohn Micklethwait, the Editor-in-Chief of

one of the world’s most respectednewspapers, gives his unbiased

thoughts on where the world is heading,and shares his view on current political andeconomic instability. A fantastic presenter

not afraid to speak his mind, this is asession that cannot be missed.

LP Hosted LunchTables

Tuesday 26th June, 13.10-14.30 A great chance to have lunch and

conversation with some of the biggestinvestors in the industry; delegates sign

up on the day to share lunch andinformal discussion with two LPs.

Hosts include Courtney Villalta, SeniorInvestment 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 presentationof new research on where returns are

being generated in Indian private equitybefore breaking out into a panel discussion

with respected Indian GPs.

NetworkingChampagneRoundtables

Tuesday 26th June, 17.20 – 18.20This is your chance to meet and discussyour field of expertise or geography

with like-minded colleagues. Thesession is informal and champagne is

served throughout.

Gala NetworkingReception

Tuesday 26th June, 18.00 – 19.30Relax and mingle at our fabulous drinksreception. A perfect way to discuss the

day’s events whilst creating newcontacts from across the industry.

LP

NEW DATA

DEBATE

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Stream A: Africa

SOUTH AFRICA AS A GATEWAY TO SUB SAHARAN AFRICAAre 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

NORTH AFRICAWhere Next For North Africa? How Have GPs Managed Their Investments ThroughRecent Turmoil, & How Can Managers In Other Regions Ensure They Are Prepared

For The Unexpected? Hear Lessons Learned & Share Best PracticeZiad Oueslati, TUNINVEST- AFRICINVEST

Angus Blair, BELTONE FINANCIALRania Gohar, IFC

Stephen Murphy, CITADEL CAPITAL

SUB-SAHARAN AFRICA How Are Private Equity Firms Tapping Into The Domestic Consumer & Natural

Resources Sectors In Africa? How Are They Surpassing The Challenges PresentedBy Political Volatility, Governance & Competition From Other Capital Sources?

Line Picard, AFRICAN DEVELOPMENT BANKKayode Akinola, HELIOS INVESTMENT PARTNERS

Yemi Lalude, ADLEVO CAPITAL

Stream B: Middle East & On The Ground MIDDLE EASTERN PRIVATE EQUITY

How Are Fund Managers Broadening Out Of The GCC Region, OvercomingPolitical Instability & Poor LP Perceptions To Deliver Growth? When Will Exits

Come Back To The Market?Moderator: Brad Bourland, JADWA INVESTMENT

Wael Aburida, ADDAX BANKMohamed Semary, ABRAAJ 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 BarriersTo Successful Recruitment?

Idsert Boersma, FMO2) Currency

Exploring How Fund Managers Mitigate Currency Risk Using GlobalDiversification, Hedging & Local Currencies

Speaker tbc 3) Governance Concerns

Which Markets Are Causing The Most Concern For Fund Managers WhenAnalysing Governance & Transparency In Different Regions?

David Creighton, CORDIANT CAPITAL4.) RMB Vs. USD Funds

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

Speaker tbc

Stream B

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, PEARONLINEAnne-Maree Byworth, WATLEDGE CONSULTING

Solomon Wifa, O'MELVENY & MYERS

Afternoon Tea

LP Closed Door BreakfastOpen to pre-registered investors by invitation only. Open only to pension plans, foundations, endowments, DFIs, SWFs & ILPA members.

Coffee & Registration

Chair’s Opening & Welcome George Siguler, Managing Director & Co-Founder, SIGULER GUFF

CO-INVESTMENTSAre 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 LANEPaul Van Houtte, Head of International Equity & Funds, CASSA DEPOSITI E PRESTITIAlexandre Motte, Managing Director & Head of Co-Investment, AXA PRIVATE EQUITY

KEYNOTE ADDRESSTopic tbc

Alexander Abolmasov Managing Partner, NEW RUSSIA GROWTH 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 GROUPNils 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 INTERVIEWA 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 TRUSTInterviewed by: George Siguler, Managing Director & Co-Founder, SIGULER GUFF

Morning CoffeeFeaturing: LP/GP Structured Speed Networking

BRAZILDealing With The Specific Challenges Of Investing Into Brazilian Private Equity: Managing In An Overheating Economy, Dealing With Macroeconomic Challenges

& Balancing Local & Foreign LP ExpectationsJuan Pablo Zucchini, Managing Director, ADVENT INTERNATIONAL

Carlos Héneiné, Partner, QUILVESTRafael Horta, Partner, BTG PACTUAL

EXTENDED SESSION: CHINA ECONOMIC & GEOPOLITICAL OUTOOKWhat Does New Leadership, Slowing Growth, Social Change & Changing Capital Flows Mean For China In The Next Decade?

11.45 – 12.05Peter Cornelius, Chief Economist, ALPINVEST PARTNERS

CHINA PRIVATE EQUITY OUTLOOK12.05 – 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 MANAGEMENTEric A. Wilcomes, Director, Portfolio Manager, DUPONT CAPITAL MANAGEMENT

SPECIAL GUEST SPEAKER – BRAND GURULovemarks: 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 TRUSTPlus! VIP Lunch Table With: Pedro Simko, Chairman & Client Director EMEA, SAATCHI & SAATCHI SWITZERLAND

& Paul Van Houtte, Head of International Equity & Funds, CASSA DEPOSITI E PRESTITIDelegate 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 Héneiné, Partner, QUILVEST

For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

Gala Networking Reception

End of Day Two

SUPERRETURN EMERGING MARKETS MAIN CONFERENCEDay Two

Wednesday 27th June, 2012

Stream A: Latin America LATIN AMERICA

What Is The Best Strategy For Accessing Latin America? To What Extent AreSmaller 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

ESGTo 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 GROUPMaaike van der Schoot, ALPINVEST PARTNERS

Geetha Tharmaratnam, AUREOS ADVISORS

Highlights &Key Features

LP/GP StructuredSpeed Networking

Wednesday 27th June, 10.35 – 11.15am LP/GP Speed Networking is a unique

opportunity to meet & exchangebusiness cards with 15 LPs in 15

minutes. LPs and GPs are separated intotwo groups and then meet each other

one by one, explaining their fund in aone minute time slot and swapping

business cards. If there is a fit, you canfollow up later!

Special GuestSpeaker

Wednesday 27th June, 12.35pm Pedro Simko of Saatchi & Saatchi willspeak on the power of branding and why

some brands create such a hold over usand others fail. Not to be missed for those

looking to grow and develop businessesand brands in new markets.

Delegate QuickFireShowcase

Wednesday 27th June, 14.30 – 14.50 Fundraising? Then take the opportunity tohave an uninterrupted 90 second pitchto 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 outto all registered and paid delegates two

weeks before the event.

LP Closed DoorBreakfast

Wednesday 27th June, 07.30 – 08.30amOpen only to pension plans, foundations,

endowments, DFIs, SWFs & ILPAmembers. This is an invitation only

forum which allows LPs the chance todiscuss fund performance, manager

selection and other issues in anexclusive setting. To apply for a place,

please contact Laura Griffin at:[email protected]

The SuperReturnEmerging MarketsLP Straight-Talking

InterviewWednesday 27th June, 10.05 – 10.35am One of the most sophisticated LPs in

Europe, Nick Moakes of the WellcomeTrust speaks about where they expect

to find alpha.

Emerging MarketsOn The Ground

Sessions Wednesday 27th June, 15.20 – 16.20

This session aims to target some of thetoughest, and most challenging problemsthat managers face. Broken into a seriesof roundtable discussions each led by anexpert in the field, the sessions focus on

common problems such as currencyconcerns, governance & transparency

and the pool of talent.

LP Simulator Game Wednesday 27th June, 16.45 – 17.45

New for SuperReturn Emerging Markets,we are pleased to introduce the LP

Simulator Game. Attendees will get tochoose from a selection of anonymousreal emerging market case-study funds,

and make investment decisions in groupsover champagne. Then LPs provide

feedback on how they approachfundraising problems today.

LP

GAME

FKR2327 SR EM 2012 (LR)_brochure 13/04/2012 11:59 Page 4

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08.30

09.00

09.10

09.50

10.15

11.00

11.30

12.00

12.40

14.00

14.30

14.45-

16.00

16.00

Coffee & Registration

Chair’s Opening & Welcome

EUROPEAN LPSHow 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 DYNAMICSIvan Vercoutere, Partner, LGT CAPITAL PARTNERS

Hans Van Swaay, Partner, LYRIQUEErik Kaas, Partner, PARTNERS GROUP

Gerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERS

KEYNOTE ADDRESSDavid Bonderman, Founding Partner, TPG

ELECTRONIC POLLING PANELWhat Are The Opportunities & Key Impediments In Emerging Markets Private Equity? Where Will Allocations Go Next?

Moderator: Brad Bourland, Managing Director, Proprietary Investments, JADWA INVESTMENTDavid Bonderman, Founding Partner, TPG

Morning Coffee

REAL ASSETSAre Real Assets The Best Hedge Against Inflation? What Is The Optimum Way Of Accessing The Asset Class?

Moderator: Berry Polmann, Executive Director, ADVEQ MANAGEMENTMichael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERS

Harry van den Heuvel, Senior Investment Manager Alternatives, ACHMEA

BUYOUT VS. GROWTH VS. VENTURE12.00 – 12.20

New Data: Examining The Most Effective Strategies Across Emerging Markets Daniel Schmidt, Managing Partner, CEPRES

Panel Discussion: 12.20 – 12.40

Comparing Investment Strategies In Emerging MarketsSonny Wu, Managing Director, GSR VENTURES

Sev Vettivetpillai, CEO, AUREOS ADVISORSAndrew Brown, Managing Director & CIO, ECP

Lunch Plus! ‘Meet The LP’ Hosted Lunch TablesHosted By: Erik Kaas, Partner, PARTNERS GROUP

& Hans Van Swaay, Partner, LYRIQUE

LP/GP RELATIONS & THE IR TEAMWhat Are Good Investor Relations? LPs Give A Truthful Account Of Common Mistakes &

Discuss The Dos & Don’ts Of Investor RelationsModerator: Simon Thornton, CEO, PEARONLINE

Peter McKellar, Partner & CIO, SL CAPITAL PARTNERSRania Gohar, Investment Officer, IFC

SUPERRETURN EMERGING MARKETS ACRONYM GENERATOR MINTs, N-11, CIVETS, MIST & BRICs: The SuperReturn Audience Uses Electronic Polling

To Create Its Own Emerging Markets AcronymLed 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, CAPVENTJulien Kinic, Managing Director, IDI EMERGING MARKETS

Followed by interactive round table discussions led by the panellists

Roundtable Discussions 15.10 – 16.00

Patricia Dinneen, Managing Director, SIGULER GUFFPeter McKellar, Partner & CIO, SL CAPITAL PARTNERS

Rania Gohar, Investment Officer, IFCThomas Clausen, Managing Partner & Co-Founder, CAPVENT

Julien Kinic, Managing Director, IDI EMERGING MARKETSIvan Vercoutere, Partner, LGT CAPITAL PARTNERS

Hans Van Swaay, Partner, LYRIQUEErik Kaas, Partner, PARTNERS GROUP

Gerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERSBerry Polmann, Executive Director, ADVEQ MANAGEMENT

Michael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERSHarry van den Heuvel, Senior Investment Manager Alternatives, ACHMEA

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: [email protected] 5

Technology & Social Media At SuperReturn Emerging Markets Don’t wait until June to hear from the speakers and audience of SuperReturn Emerging Markets in Geneva

Highlights &Key Features

Would You LikeTo Join The

Speaker FacultyAt SuperReturn

EmergingMarkets?Please contact

James Roberts [email protected] or

Tel: +44 (0) 20 7017 7944

SUPERRETURN EMERGING MARKETS MAIN CONFERENCEDay Three

Thursday 28th June, 2012

Network online prior to the eventand during the conference itselfwith our event app.

Subscribe to the SuperReturn blog

Follow us on Twitter @SuperReturn

Join the SuperReturn EmergingMarkets LinkedIn Group

See the latest event photos on ourICBI- Events Flickr page.

Tune into SuperReturn TV to watchhighlights from our events andinterviews with speakers

Add the SuperReturn GlobalSeries to your circles on Google+ circles.

Like the SuperReturn GlobalEvents Facebook page

Read our SuperReturn weeklyonline paper

Strategy Discussion Thursday 28th June, 12.00

Beginning with a data presentation onhow successful different strategies areacross emerging markets, the session

continues with a panel discussioninvolving proponents of buyout, growth

and venture.

SuperReturnEmerging Markets

Acronym Generator Thursday 28th June, 14.30

Using electronic polling, the SuperReturnaudience choose the next hot emerging

market economies. We then create abrand new emerging market acronym

from the results. Hosted by Patricia Dinneen, Managing Director,

SIGULER GUFF

InteractiveFundraising Session

Thursday 28th June, 14.45 – 16.00 A panel of LPs discuss what GPs need

to do now to get capital allocated in atough fundraising environment. Thesession is followed by a series of

roundtable discussions led by speakersfrom throughout the day.

Keynote AddressFrom An Industry

Titan Thursday 28th June, 09.50am

David Bonderman, Founding Partner,TPG and one of the biggest names in

global private equity, will share histhoughts on the global emergingmarkets in a keynote address.

Interactive PollingPanel

Thursday 28th June, 10.15am This is a chance to have your say andhear your views analysed by some ofthe biggest names in the industry. The

SuperReturn audience votes on aseries of questions using anonymous

real-time electronic polling. Theresults are then analysed by our expert

panel. Not to be missed.

KEYNOTE

DATA

GAME

FKR2327 SR EM 2012 (LR)_brochure 13/04/2012 11:59 Page 5

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LP Perspectives Stream Frontier Markets & Impact Investing Stream

Monday 25th June 2012INVESTOR SUMMIT

6 For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

Featuring LP Perspectives & Focus On Frontier Markets

11.20

LP CONCERNSOpacity, Lack Of Exits, Indiscipline, MediocrePerformance, Manager Turnover, QuestionableManager Motivation, Illiquidity, Market DistortionBy New Large Investors: Why Do LPs ContinueTo Allocate To Emerging Market Private Equity?

Anselm Adams, Director -Senior Private Equity PortfolioManager, PECAAnselm is the Managing Director of family officeAdams Capital Partners, and advisor throughPrivate Equity Capital Advisers Limited of a fundmanaging 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.

Robert Wages, Head of PrivateEquity, NATIONAL HOLDINGOverseeing National Holdings’s private equityactivities, Mr. Wages has over 20 years ofprivate equity experience in a variety of sectorsacross North America, Europe and the MENAregion. Previously, Mr. Wages served as the

executive director for PE at Invest AD in Abu Dhabi, overseeingboth direct and fund investments.

Amin Al-RashidCEOAR INVESTMENT PARTNERSAR Investment Partners is a private equityinvestment management and consulting firm, whichworks with Family Offices, including Royal Familiesin the Middle East and financial institutions globally

on their private equity investments. Amin has co-invested alongsideseveral sovereign wealth funds and institutional investors globally onseveral billion dollar private equity investments.

Paul Newsome, ExecutiveDirector - Head of Investment,UNIGESTIONPaul is responsible for the oversight of primaryfund investments, secondaries and co-investments globally. Unigestion is an alternativeasset management firm with EUR 7 billion of

assets under management, headquartered in Geneva with offices inLondon, Paris, New York and Singapore. Before joining the firm in2002, he worked at BancBoston Capital as an investment manager,making and managing venture capital investments in Europe.

11.50

RETURN EXPECTATIONSTo What Extent Will Returns From EmergingMarkets Private Equity Live Up ToExpectations? Can High Growth & HighReturns Continue As Markets Converge?

Moderator: Kelly DePontePartnerPROBITAS PARTNERSKelly has more than thirty years of industryexperience and is responsible for ProbitasPartners' research. Prior to joining Probitas

Partners, Kelly was Chief Operating Officer and Managing Directorat Pacific Corporate Group (“PCG”), a leading provider of alternativeinvestment advisory, management and consulting services. Kellyoversaw the partnership investment programme, which comprisedmore than $20 billion in capital dedicated globally to private equity.

Anubha Shrivastava, ManagingDirector Asia, CDC GROUPAnubha Shrivastava is a Managing Director atCDC Group plc, a fund of funds business ownedby the British Government that invests in thedeveloping economies of Africa, Asia and LatinAmerica. She is responsible for the Asian

investment portfolio spanning South and South-East Asia and China.Anubha Shrivastava commenced her private equity career in 1999with General Motors Asset Management’s Private Equity Group inNew York, USA. She was involved in the global private equity fund-of-funds portfolio as well as the global co-investment programme.

Gert-Jan Monster, SeniorInvestment Officer Private Equity,FMOGert-Jan focuses on fund investments, straightequity and mezzanine investments in Europeand (Central) Asia, and holds board seats inseveral funds and companies. Gert-Jan joined

FMO in 2000, and prior to FMO he worked as a lawyer with aninternational law firm. The Netherlands Development FinanceCompany (FMO) is the entrepreneurial development bank of theNetherlands. FMO invests risk capital in companies and financialinstitutions in developing countries. With an investment portfolio of €4.6 billion, FMO is one of the largest bilateral private sectordevelopment banks worldwide.

12.20

GP DISCIPLINEDiscipline Is A Scarce Commodity Among

GPs – DiscussModerator: Alexandre Alfonsi,Founding Partner, AXONIAPARTNERSAlexandre is a Founding Partner of AxoniaPartners, a private equity and corporate financeadvisory firm. Within Axonia Partners,

Alexandre specialices in advising private equity teams andorganisations on their fundraising, secondary transactions andspecial situations worldwide (including Emerging Markets inparticular), and has over 17 years of relevant experience acquiredin various professional settings internationally.

Neil W. Harper, ManagingDirector, MORGAN STANLEYALTERNATIVE INVESTMENTPARTNERSNeil is a Portfolio Manager and member of the

Investment Committee for Morgan Stanley Alternative InvestmentPartners, Morgan Stanley's Private Equity Fund of Funds group,managing approximately $7bn in fund investments and direct co-investments globally. Neil leads EMEA primary fund and direct co-investment activities from the London office and has 20 years ofrelevant industry experience. Prior to joining Morgan Stanley AIP, hewas a Partner with McKinsey & Company based for periods of timein Europe, North America and Asia.

Hans Van Swaay, Partner,LYRIQUEHans van Swaay has more than twenty years’private equity experience as Partner of Lyrique,as Head of Private Equity at Pictet & Cie, asManaging Director of UBS Capital, as ManagingDirector of Merifin and as partner of Lowe

Finance. He has made investments and co-investments with privateequity funds worldwide and has made direct investments in privatelyheld companies in Switzerland, Germany, France, the UnitedKingdom and in the Netherlands. He sat on numerous boards andran several such companies as CEO on an interim basis.

11.20

FRONTIER MARKETSAccessing Attractive Valuations & BenefittingFrom Lack Of Competition In A High GrowthEnvironment: How Do Managers Balance TheRisks With The Potential Rewards?

Moderator: Patricia Dinneen,Managing Director, SIGULERGUFFPatricia Dineen has primary responsibility formanaging the BRIC Opportunities Funds, focusingon 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 emergingmarkets private equity advisory business. Previously, she worked for 10years at British Telecommunications. She has also held positions atHughes Communications, RAND Corporation, and the White House.

Jay Koh, Head of InvestmentFunds & Chief InvestmentStrategist, OVERSEAS PRIVATEINVESTMENT CORPORATIONSee bio above

Scott McCormack, Partner,GRANITE CAPITALMANAGEMENTScott McCormack is a partner at Granite CapitalManagement, a New York-based single familyoffice where he oversees asset allocation andmanager selection. He began his career at

Morgan Stanley and subsequently worked as a journalist in both theUS and Europe.

Florian Kohler, InvestmentManager & Associate Partner,OBVIAMFlorian originally joined Obviam's predecessorSIFEM at inception in 2005 where he was theInvestment Manager responsible for Asia andNorth Africa. In 2008 he moved to Montreal to

work with Cordiant Capital on their African PE portfolio and thenhelped launch Teralys Capital, North America’s largest Fund-of-Funds dedicated to VC fund investment with $1.4b of AUM. Florianreturned to Obviam in early 2011 where he is now responsible forglobal opportunities.

Brahmal Vasudevan, CEO,CREADORBrahmal founded Creador in 2011. He previouslyspent 11 years as a General Partner andManaging Director of ChrysCapital, a leadingprivate equity firm focused on growth capitalinvestments in India. He was part of the senior

leadership team that grew assets under management from $64 millionto $2 billion. Prior to joining ChrysCapital, Brahmal was at ASTRO, apay-TV operator in South East Asia, where he was involved in strategy,marketing and expansion into neighbouring countries.

12.20

A FRONTIER MARKETS CASE STUDYWhat Are The Risks In Frontier MarketsPrivate Equity & How Do You Mitigate Them?

David Wilton, CIO, IFCSee bio above

12.50 Lunch

Featuring 'Meet the LP' Hosted Lunch TablesHosted By: David Wilton, CIO, IFC& Scott McCormack, Partner,GRANITE CAPITAL MANAGEMENT14.00

EMERGING MANAGERSDiscerning Quality Managers With Little OrNo Track Record: What Are The IndicatorsOf Solid Performance?

Joachim Schumacher, First Vice President, Equity &Mezzanine, DEGSee bio above

Rod Evison, Managing Director Africa, CDC GROUPCDC Group Plc is the UK Government’s fund-of-funds for the emerging markets. In 2004 CDCceased making direct investments when it spun

out Actis and Aureos, which became independently owned andmanaged private equity fund managers. Rod has responsibility forCDC’s funds portfolio in Africa. Rod joined CDC (then called theCommonwealth Development Corporation) in 1992. His career hasincluded: The restructuring of CDC from a direct investor to a fund-of-funds in 2004; the establishment of Globeleq, CDC’s powercompany for emerging markets, in 2002; and direct investing,primarily in the power sector.

14.30

SMEsWhat Are The Ways In Which SME InvestorsDiscern The Credibility Of AnEntrepreneurial Business? How DoInstitutional Investors Gain Access To SMEDeals & How Do They View The Risks?

Hubertus van der Vaart,Executive Chairman & Co-Founder, SEAFBert van der Vaart was one of two co-foundersof SEAF in 1989, when it was known as theCARE Small Business Assistance Corporation(CARESBAC). Mr. van der Vaart negotiated the

establishment and capital raising of CARESBAC-Polska, SEAF’sfirst fund in Poland in 1992. He joined SEAF on a full time basis in1994 as Director-General of that fund. While serving as Director-General of CARESBAC-Polska from August 1994 until May 1997,the company completed 27 investments and realised its first 6 exits.

15.00 Afternoon Tea

MONDAY 25TH JUNE 2012 08.15 Coffee & Registration

08.40 Chair’s Opening & Welcome

09.10

NEW DATA: THE IMPORTANCE OF TRACK RECORDAnalysing A GP’s Track Record: How Relevant Is A GP’sSuccess In Developed Markets When Looking To Invest InEmerging Markets For The First Time? Can Success In TheseDifferent Markets Be Compared?

Oliver Gottschalg, Professor, Strategy Department, HEC SCHOOL OF MANAGEMENTOliver’s current research focuses on the strategic logic and theperformance determinants of private equity investments. A second streamof work looks at the implications of employee motivation for firmperformance 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 academicjournals and in various publications for practitioners.

09.30

LP INTERVIEW An Interview With An Institutional LP: Which Geographies Are TheyFocusing On Now & How Is Their Investment Model Evolving?

Jane Rowe, Senior Vice President,TEACHERS’ PRIVATE CAPITALJane Rowe is responsible for strategic portfolio growth and dealstewardship, including global fund and private equity investments.Teachers’ Private Capital is the private equity department of the C$107-billion Ontario Teachers' Pension Plan. Jane’s strong background in creditand 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 CapitalCorporation, the bank's Canadian private equity fund, was President and CEO of RoyNatCapital Inc, Scotiabank's wholly owned mid-market merchant bank, and was President andCEO of Scotia Mortgage Corporation.

Interviewed By: Oliver Gottschalg, Professor, StrategyDepartment, HEC SCHOOL OF MANAGEMENTSee bio above

10.00

KEYNOTE INTERVIEW Topic tbc

Tom Speechley, Senior Partner, ABRAAJ CAPITALTom Speechley is a Senior Partner of Abraaj Capital and the ChiefExecutive Officer of Riyada Enterprise Development (RED), Abraaj’s smalland medium enterprise (SME) investment platform. He joined AbraajCapital in 2006 and is a member of the Abraaj Holdings Board ofDirectors, as well as the group’s Executive and Investment Committees. Mr.Speechley is responsible for the firm’s SME investment program including

the RED and Kantara Funds totalling some US$ 650 million of capital.

Sev Vettivetpillai, CEO, AUREOS ADVISORSSev was appointed Chief Executive Officer, Aureos Advisers Ltd (AAL), inJune 2004. Prior to this, he was the Investment Director of AAL, ensuringthat a streamlined investment process focusing on quality control wasfollowed by all Aureos investment executives. This proprietary investmentprocess was developed by Sev following nine years of experience inmaking private equity investments. He was also instrumental in applying

portfolio development and management theory to private equity investment across the AureosGroup. Sev is a member of all the Investment Committees of the Aureos Regional Funds.

10.20

DFIsWhat Can DFIs Do To Encourage More Commercial InvestmentInto The Funds They Back? How Are DFIs Aligning &

Standardising Their Investment Terms?Moderator: David Wilton, CIO, IFCDavid Wilton is Chief Investment Officer for IFC’s Private Equity andInvestment Funds Department with responsibility for IFC’s investmentprogramme in emerging market funds globally, and a member of the PensionFinance Committee of the World Bank Group. David joined the FundsDepartment 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 theWorld Bank Pension Fund where he was responsible for bringing the private equity and real estateportfolios back into internal management.

Joachim Schumacher, First Vice President, Equity & Mezzanine, DEGJoachim is responsible for equity and mezzanine direct investments inprivate companies as well as commitments to private equity and mezzaninefunds. Prior to joining DEG in 2002, Mr. Schumacher was working with TFGVenture Capital, a German venture capital management company where he

headed a sector group focused on technology investments, as well as Sal. Oppenheim andDeutsche Bank. DEG is one of the largest European development finance institutes, based inGermany.

Gerhard Pries, CEO & Managing Partner, SARONA ASSET MANAGEMENTAs well as Sarona Asset Management, Gerhard is the Co-Founder and ViceChairman of MicroVest Holdings and Capital Management. He haspreviously served as CFO of MEDA, Founding Chairman of MicroCap

Capital Management and Latin America Challenge Investment Fund, Founding Director ofInternational Association of Micro Finance Investors, and as Director of numerous companies inthe financial services sector.

Jay Koh, Head of Investment Funds & Chief InvestmentStrategist, OVERSEAS PRIVATE INVESTMENTCORPORATION

Leading the Investment Funds Department, which provides support for private equity investmentinto 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. Kohguides development of new products and strategic relationships for OPIC. Mr. Koh also servedat OPIC’s Chief Financial Officer from 2010-2011. Prior to joining OPIC, Mr. Koh invested inprivate equity and growth equity, both in the United States and internationally.

10.50 Coffee

"The content and attendeeseniority was very good: avery useful conference to

have participated in"Marleen Groen, CEO, Greenpark Capital

"I can comfortably say it was the best event Iattended this year"

Selcuk Yorgancioglu, Senior Partner, Abraaj Capital

FKR2327 SR EM 2012 (LR)_brochure 13/04/2012 11:59 Page 6

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LP Perspectives Stream

Tuesday 26th June 2012MAIN CONFERENCE

Frontier Markets & Impact Investing Stream

Monday 25th June 2012INVESTOR SUMMIT

7For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

Nicolas DrapeauDirector, Private MarketsBIMCORBimcor is a mid-size corporate pension planbased in Canada with an active allocation toprivate equity and infrastructure. Before joining

Bimcor, Nicolas worked for Pantheon Ventures, a large global fundof funds in their London office for three years after a four year spellwith the European team of the Russell private equity fund of funds inParis. He started his career at Caisse De Dépôt Et Placement DuQuébec focusing on international fund investments.

12.50 Lunch

Featuring 'Meet the LP' Hosted Lunch TablesHosted By: David Wilton, CIO, IFC

& Scott McCormack, Partner,GRANITE CAPITAL MANAGEMENT

14.00

ALIGNMENT OF INTERESTHow Are LPs Harnessing The ChangingBalance Of Power Between LPs & GPs?How Do GPs Manage The CompetingDemands Of Their Investors?

Howard F. Searing IIIDirector, Portfolio ManagerDUPONT CAPITALMANAGEMENTMr. Searing joined DCM in 2002 as aperformance analyst and is now a member of the

investment team responsible for partnership selection and portfoliomanagement. Prior to joining DCM, Mr. Searing worked as aperformance analyst at Morgan Stanley Investment Advisors where hewas responsible for monitoring and reporting on performance for retailand institutional clients. Prior to joining Morgan Stanley InvestmentAdvisors, Mr. Searing worked at Garban Securities, Inc. in theMortgage Backed and Asset-Backed trading area.

Nicolas DrapeauDirector, Private MarketsBIMCOR See bio above

14.30

DUE DILIGENCE What Do Experienced Investors In EmergingMarkets Look Out For When Performing DueDiligence On Emerging Markets Funds? HowDoes This Differ From Developed Markets?

Wael AburidaCEO ADDAX BANKWael has twenty years of senior level experience inprivate equity, mergers and acquisitions, andinvestment banking. Prior to becoming the CEO ofAddax Bank in the UAE, where Wael works on fund

selection, he was the director of M&A and Strategic Investments for WahaCapital, a Middle Eastern asset manager.

15.00 Afternoon Tea

15.30

FUNDRAISING EXTENDED SESSION Who Will Be The Winners & Losers When LPsInvest Or Re-Up With Managers & What DoesIt Take For GPs To Secure A Commitment?

Helena TurleyVice PresidentDB PRIVATE EQUITYHelena Turley is responsible for institutionalclient relations and fundraising at DB PrivateEquity, the private equity fund-of-fundsbusiness of Deutsche Bank. DB Private Equity

focuses on primary and secondary fund investments as well asdirect co-investments for institutional investors and high net worthindividuals worldwide.

Horst GuedelManaging DirectorRWBMr. Guedel is co-founder and chairman ofRWB-Group which was founded in 1999. WithEUR 1.7bn assets under management RWB-Group is one of the most experienced private

equity fund of funds managers in Germany.

Scott Penwell, Director, PARISH CAPITAL ADVISORSScott is principally responsible for sourcing,executing, and managing primary, secondary,and direct investments in Europe, with aspecial 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 RobertsonStephens in San Francisco.

15.30

THE IMPACT INVESTING WORKSHOP 15.30 – 15.50

DEFINING, MEASURING &REALISING IMPACT

How Do You Demonstrate Impact Of AnInvestment? What Are The Tools AvailableTo Measure Impact?

Flory WilsonDirector of InternationalStandards,GIIRSFlory Wilson joined B Lab as the Director ofInternational 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 thatcrafted the GIIRS rating methodology, and led a beta-test of the GIIRSassessment in early 2011 that involved over 200 companies and 25leading impact investing funds in 30 different countries. Flory alsofocuses on business development, working with mission-drivenenterprises, investment vehicles and impact investors who are usingGIIRS Ratings & Analytics.

15.50 – 16.20

PANEL DISCUSSIONWhat Is The Commercial Justification ForImpact Investing? Is This Just An AssetClass For DFIs & Development Capital? CanCommercial LPs Be Convinced Of TheBenefits?

Vivina BerlaEuropean Managing Director &Senior Partner SARONA ASSETMANAGEMENTVivina Berla has eighteen years’ experience in

the institutional investment management world including as aManaging Director at Merrill Lynch Investment Managers andGartmore. Vivina has been directly involved with private equity fundsof funds business as a GP and LP and has extensive experience ofEmerging Markets having lived, worked and travelled through LatinAmerica, Asia and Africa since the late ‘70s.

Mark Goldsmith, Director, Environment, Social and Governance, ACTISMark began his career at Shell International andthen moved to the management consultancy

Arthur D. Little. He has more than 17 years’ experience of advisingon 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 hasbeen central to pioneering the application of ESG practicesthroughout the investment process, ensuring portfolio companiesmeet international health and safety requirements that minimise theirimpact on the environment and implement good social practices inrelation to their staff and local communities.

How Does Transparency International Measure Corruption & AnalyseThe Effect It Has On Businesses In Emerging Markets? What Can BeDone To Mitigate The Challenge Of Corruption?Deborah Hardoon, Senior Research Coordinator, TRANSPARENCY INTERNATIONAL

Deborah is responsible for three of Transparency International’s (TI) quantitative global corruption measurement tools which use differentmethodologies 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

KEYNOTE ADDRESS: POLITICAL RISK & CORRUPTION 16.20

TUESDAY 26TH JUNE 2012 08.15 Coffee & Registration

08.30

Chair’s Opening & Welcome

08.40

INSTITUTIONAL LP PERSPECTIVESHow Are Large Institutions Responding To Sluggish Growth InThe Global Economy? What Impact Will This Have OnAllocations To Emerging Market Private Equity?

Dirk Meuleman, Fund Manager, Private Equity & Infrastructure, MN SERVICESDirk Meuleman is Fund Manager Private Equity & Infrastructure at MnServices where he focuses on making private equity and infrastructure fundinvestments in Europe and emerging markets, portfolio construction andmonitoring of private equity & infrastructure funds. Mn Services is an

independent fiduciary manager that manages assets on behalf of pension funds and multinationals. Mn Services is based in The Netherlands and the UK.

Anders Strömblad, Head of AlternativeInvestments, AP-FONDEN 2Since 2011 Anders Strömblad has been in charge of, among other things,alternative investments at the Second Swedish National Pension Fund (Totalassets approx 40 billion USD). The asset class also includes investments inreal estate, timber and farmland. In alternative investments Anders hasdesigned the investment strategy and business plan and is responsible for

implementation thereof. The private equity programme has made commitments summing up toapprox 2.5 billion USD. Anders was the first non US / Canada board member of ILPA.

Courtney Villalta, Senior Investment Manager,TEACHER RETIREMENT SYSTEM OF TEXASCourtney currently focuses on all strategies and geographies of the privateequity portfolio, which has a long-term allocation of approximately 12% of thetotal TRS Trust. She also assists with strategy, policy and procedures withinthe overall private investments portfolio and negotiates and manages limited

partnership agreements with general partners and out¬side fund managers. Prior to joining thePrivate 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 groupof Texas Department of Economic Development in the Office of the Governor.

Jane Rowe, Senior Vice President, TEACHERS’ PRIVATE CAPITALSee bio on page 6

09.10

KEYNOTE ADDRESSHisham El-Khazindar, Managing Director & Co-Founder, CITADEL CAPITAL Prior to co-founding Citadel Capital, Mr. El-Khazindar was ExecutiveDirector of Investment Banking at EFG Hermes, where he advised on keytransactions, and where he started his career in 1996. In 1999-2000, hewas on secondment to Goldman Sachs in London, advising firms onstrategic 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 theCapital Markets and Investment Committee at the American Chamber of Commerce in Egypt,was a member of US-Egyptian Business Council.

09.45

GLOBAL MACROECONOMIC & GEOPOLITICAL ADDRESS

Examining The Evolving Relationship Between Geopolitical &Macroeconomic Instability: How Will The World Change OverThe Next 5 – 10 Years & What Does This Mean For Emerging& Converging Markets?

John Micklethwait, Editor-In-Chief, THE ECONOMISTJohn Micklethwait is one of the world’s foremost authorities on globalisationand 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 Challengeand Promise of Globalization and Globalisation: Making sense of an integratingworld. His book, The Company: A Short History of a Revolutionary Idea, wasnamed one of the ten best books of 2003 by BusinessWeek.

10.30

TURKEYWill The Returns From Private Equity In Turkey Live Up ToExpectations? How Will Turkish Private Equity Absorb TheAmount Of Capital Currently Being Allocated & Where WillThe New Deals Come From?

Moderator: Daniel Morgan, Director, ADVENT INTERNATIONAL Daniel Morgan joined Advent International in January 2008 and is head ofthe firm’s Istanbul office. He has over 14 years of private equity experience.Prior to Advent, he worked for two years as a Director of Kaupthing Bank’sPrincipal Investment team within the bank’s specialist private equitydivision. Before Kaupthing, he spent nine years with 3i in London andStockholm in venture capital, growth and buyout positions.

Neil W. Harper, Managing Director, MORGAN STANLEY ALTRNTIVE INVESTMENTPARTNERSSee bio on page 6

Nevena Marsili, Investment Manager Funds of Funds,IDEA CAPITAL FUNDSNevena is an Investment Manager at IDEA Capital, where she isresponsible 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 secondaryinvestments. Previously, Nevena was with Campbell Lutyens in London and

Morgan Stanley Investment Banking in New York.

Selçuk Yorgancioğlu, Executive Director & TurkeyCountry Head, ABRAAJ CAPITALSelçuk started his career at Interbank in Turkey as a management traineein 1992. Between 92 and 98 he worked for ABN AMRO Group out ofAmsterdam and London as part of the Emerging Markets InvestmentBanking Group. His last job there was with Equity Capital Markets JV, ABNAMRO-Rothschild in London. Throughout this period, Selçuk focused on

Emerging Europe, worked on transactions and built connections in Turkey, Russia, Kazakhstan,Poland, Czech Republic, Hungary, Poland and Romania.

11.00 Morning Coffee

“What a greatconference....It was a bigprivilege and enormouspleasure to participate.

Having worked in EmergingMarkets for most of my life, Icommend SuperReturns for

bringing together suchknowledgeable investors to

focus on such relevantissues in a variety of

thought-provoking formats.”Patricia Dinneen, Managing Director,

SIGULER GUFF & COMPANY

DAY1

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D1

11.30

THE SUPERRETURN EMERGING MARKETS DEBATEWhat Is The Best Way To Access Emerging Market PrivateEquity: Global Vs. Pan-Regional Vs. Country Specific Vs.Funds Of Funds?

Fund of Fund: Ivan Vercoutere, Partner LGT CAPITAL PARTNERSIvan joined LGT Capital Partners (“LGT CP”) in 1998. Bringing 20 years ofprivate equity experience, he is responsible for leading and coordinating theglobal private equity investment activities of the firm and chairs its globalinvestment committee. Headquartered near Zurich, and with locations in NewYork, 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 currentlymanaging USD 15 billion in private equity assets and USD 5 billion in hedge funds assets.

Global: Jonathon Bond, Head of Investor Development Group, ACTISJonathon joined Actis in 2001 as Managing Director of fundraising andinvestor development activities. Jonathon leads all aspects of fundraisingand investor relations at Actis. The firm currently has over US$4.5bn offunds under management and 120+ LPs. He also has overall responsibilityand oversight of the ESG function and activities and is a member of the

Supervisory Board. He is a member of the firm’s executive management committee.

Pan Regional: Jim Hildebrandt, Managing Director BAIN CAPITAL ASIAMr. Hildebrandt joined Bain Capital in 2005 as a Managing Director. Prior tojoining Bain Capital, Mr. Hildebrandt was a Partner at Bain & Company,where he worked for 18 years, helping to establish the Asian offices inChina, Southeast Asia, Korea and Australia. Mr. Hildebrandt had regionalresponsibility for the Asian Private Equity Practice, as well as the China and

Southeast Asia Financial Services Practice. Previously, Mr. Hildebrandt was a lawyer at BennettJones in Canada, focusing on securities and corporate law.

Country Specific: Yibing Wu, President, CITICPRIVATE EQUITY FUNDS MANAGEMENTPrior to joining CITIC PE, Dr. Wu worked as Managing Director of LegendHoldings, responsible for overall business operations and oversaw its directinvestment business. During his tenure at Legend Holdings, he successfullyled the equity investments in financial, energy and consumer sectors aswell as a number of growth capital investments in new energy and high-

tech arena. Prior to that, Dr. Wu spent 3 years full time leading the entire process of IBM PCDacquisition, serving as Chief Strategy Officer, Chief Integration Officer, Chief TransformationOfficer / Chief Information Officer of Lenovo Group.

11.35

EXTENDED SESSION: PAN-AFRICAN OUTLOOK11.35 – 11.55

What Do The High Growth Numbers Coming Out Of AfricaActually Mean? How Do These Break Down In Terms OfJurisdictions & Investible Opportunities?

Razia Khan, Head of Research – Africa,STANDARD CHARTERED BANKRazia currently works both in the African Regional Office, advising theExecutive Committee on matters relating to Africa, and at the WholesaleBank, where she provides in-depth analysis on African economies to theBank's clients. Standard Chartered Bank provides regular monthly and ad-hoc 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 wonBanker Magazine’s 'Best Bank in Africa' award. During her time with Standard Chartered Bank,Razia has been acknowledged as the leading analyst on African economies.

11.55 – 12.25

SUB-SAHARAN AFRICAHow Can LPs Get Comfortable With Investing In AfricanPrivate Equity? What Are The Options For LPs Wanting ToAccess The Growth Story Across This Diverse & FragmentedContinent?

Dushy Sivanithy, Principal, PANTHEONDushy focuses on the evaluation, selection and monitoring of Europeaninvestment opportunities and is a member of the European InvestmentCommittee. Dushy has specific responsibility for German and Central andEastern European Primary Funds. Dushy also focuses on venture andcleantech funds in Europe. Prior to joining Pantheon, Dushy worked forHermes Private Equity as an analyst working on both fund and directinvestments. Previously, he worked for Morgan Stanley as a research

analyst in the investment banking division, primarily involved in the telecoms and media sectors.

Andrea Heinzer, Investment Manager and Partner,OBVIAMAndrea Heinzer joined Obviam's predecessor SIFEM in 2006 from SECO,where she worked in the Department for Economic DevelopmentCooperation. Andrea was responsible for SECO's investment portfolio inSub-Saharan Africa, and the implementation of SECO's InvestmentProgram in the region. Prior to that, Andrea spent several years at SECO's

Bilateral Economic Relations Department.

Scott Nelson, Head of ENS Africa, ENSScott Nelson is an executive at ENS (Edward Nathan Sonnenbergs) andhas 14 years’ experience as an attorney. He specialises in cross-borderand corporate transactional matters, including private and public takeoversfor trade and financial buyers, structured finance, public equity, debtissuance and private equity fund formation. Scott’s extensive practiceexperience ranges throughout Europe, London, the United States andBermuda. 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.

Davinder Sikand, Regional Managing Partner &Executive Director & Deputy CEO, AUREOSADVISORSDr. Leonard is the CEO and co-founder of Global Environment Fund. Since1990, GEF has provided growth capital to high-growth, emergingbusinesses whose products and services provide cost-effective solutions toenvironmental and energy challenges. With approximately $1.2 billion in

assets under management, GEF holds investments and maintains regional offices in key rapidlygrowing countries including: Brazil, China, India, and South Africa. In Africa, GEF managestimberland-related assets in five countries. Dr. Leonard also serves as Chairman of EmergingMarkets Private Equity Association.

Jeffrey Leonard, Founder & CEOGLOBAL ENVIRONMENT FUNDDr. Leonard is the CEO and co-founder of Global Environment Fund. Since1990, GEF has provided growth capital to high-growth, emergingbusinesses whose products and services provide cost-effective solutions toenvironmental and energy challenges. With approximately $1.2 billion inassets under management, GEF holds investments and maintains regional

offices in key rapidly growing countries including: Brazil, China, India, and South Africa. InAfrica, GEF manages timberland-related assets in five countries. Dr. Leonard also serves asChairman of Emerging Markets Private Equity Association.

12.45

NEW PERFORMANCE DATAComparing Returns Across Emerging Markets Private Equity:Which Regions & Countries Have Outperformed?

Miriam Schmitter, Managing Director, CAMBRIDGE ASSOCIATESMiriam heads the ex-U.S. private equity and venture capital research teamand is responsible for performing due diligence on opportunities in theseasset classes, a role which includes visiting investment firms andsometimes their portfolio companies and tracking the industry. Miriam andher team also advise the firm’s investment consultants on new and

existing firms who are raising and managing funds. Before Miriam joined CambridgeAssociates in 2005, she was an investment manager of private equity fund investments atAllianz Private Equity Partners, where she researched and selected private equity investmentopportunities for the company.

13.10 -14.30 Lunch

Featuring ‘Meet The LP’ Hosted Lunch Tables Sign up on the day to share lunch & conversation with thefollowing LPs: Hosted by: Courtney Villalta, Senior Investment Manager,TEACHER RETIREMENT SYSTEM OF TEXAS &Dirk Meuleman, Fund Manager, Private Equity & Infrastructure,MN SERVICES

STREAM A: ASIA

Chair: Martin Haemmig, Adj. Professor, CETIMDr. Martin Haemmig’s venture capital research covers 13 countries in Asia, Europe, Israel, andUSA. He lectures and/or researches at Stanford University, UC Berkeley, INSEAD, UniBW Munich,ETH Zurich, as well as at China’s Peking, Tsinghua, Renmin, Fudan and JiaoTong University, plusIndia’s Institute of Technology, Science and Management in Delhi, Mumbai, Bangalore andHyderabad. He is author for books on the ‘Globalization of Venture Capital’ (English & Chinese). Heis a former ‘Senior Advisor on Venture Capital’ at Stanford University - SPRIE and was the advisoron venture capital & internationalization for China’s largest science park (Zhongguancun).

14.30

Speaker & Topic tbc If you would like to speak here, please contact James Roberts [email protected] or Tel: +44 (20) 701 77944

15.00

INDIA WORKSHOP NEW DATA – INDIAN PRIVATE EQUITY15.00 - 15.30

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

15.30 – 16.00

INDIAN GPsExamining How Indian GPs’ Discipline & Strategy Has EvolvedIn The Context Of High Valuations, Overcrowding & Lack OfExit OpportunitiesShashank Singh, Partner & Co-head India, APAX PARTNERSShashank 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 strategyconsultant with Monitor Company, specialised in in the telecoms and technology sectors.

Rahul Bhasin, Managing Partner, BARING PRIVATE EQUITY PARTNERSRahul Bhasin is the Managing Partner of Baring Private Equity Partners India and a SeniorPartner 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 andRussia. Rahul has been an advisory board member of the ING group in India and serves onboard of various companies. Prior to Baring India, Rahul was a member of the Global AssetAllocation Committee at Citibank based in London.

Raja Parthasarathy, Partner, IDFC PRIVATE EQUITYMr. Raja Parthasarathy is a Partner with IDFC Private Equity, an Indian infrastructure focusedprivate equity manager which manages US$1.3 billion across three funds. Mr. Parthasarathy iscurrently on the boards of Manipal Universal Learning, Green Infra Limited, InternationalRecreation Parks, Windforce Management Services Limited and Moser Baer Solar. Hepreviously served on the board of Manipal Health Systems. Prior to joining IDFC Private Equity,he was Executive Vice President – Finance with Jet Airways, India’s leading private-sectorairline, and was earlier with UBS, Goldman Sachs and Lehman Brothers.

16.00 Afternoon Tea

16.20

DEALS IN CHINADo Enough Attractive Deals Exist & How Does Private EquityCompete With Other Sources Of Finance To Access The BestDeals?Edmond Ng, Managing Director, AXIOM ASIA PRIVATE CAPITALEdmond Ng is a founder and Managing Partner of Axiom Asia Private Capital, an Asia focusedprivate equity fund of funds management firm with $1.4 billion under management. Prior tosetting up Axiom Asia, Edmond was a director at Kennen Investment Holdings; a boutiqueadvisory firm with a focus on sourcing private equity and real estate investment opportunities forinternational investors, and Y Beauty, a Hong Kong based beauty company. Edmond was VicePresident in GIC Special Investments (“GIC SI”), the private equity arm of the Government ofSingapore Investment Corporation (“GIC”).

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

Xiaoyang Yu, Managing Director, CHINA NEW ENTERPRISE INVESTMENTXiaoyang Yu is a Founding Partner of China New Enterprise Investment (CNEI), a Chinafocused 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 CapitalLimited, a Hong Kong based financial advisory firm, arranging mezzanine financing for portfoliocompanies of a number of large private equity funds.

16.50

INDONESIABenefitting From The Natural Resources Boom In Indonesia:What Is The Optimum Way To Access Investible Assets & HowIs The Local Private Equity Community Evolving To ManageInstitutional Capital?Patrick Walujo, Co-Founder & Co-Managing Director,NORTHSTAR PACIFICPatrick Walujo is co-founder and co-managing director of Northstar Equity Partners, a leadingprivate equity fund with primary focus on Indonesia. Northstar is the Indonesian Partner ofTexas Pacific Group, one of the world’s leading private equity funds. Before co-foundingNorthstar, Mr. Walujo was Senior Vice President of Pacific Century Group in Tokyo, Japan. Priorto working at Pacific Century Group Japan, he was an associate at the investment bankingdivision of Goldman, Sachs & Co., in London and New York.

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

17.20 – 18.20

SuperReturn Emerging Markets Networking ChampagneRoundtables Take your opportunity to network with key speakers and ask them questions in aformat which easily facilitates small group discussion. Choose the topic and hostmost relevant to you. Each table has a dedicated topic and leader, and participantsare encouraged to share their questions and expertise. Confirmed Roundtables include:

ESG:Frederic Sicre, Partner, ABRAAJ CAPITALSouth East Asia: Speaker tbcMiddle East:Robert Wages, Head of Private Equity, NATIONAL HOLDINGCleantech: Martin Haemmig, Adj. Professor, CETIMLatin America: Ralph Keitel, Principal Investment Officer, IFC

18.00 – 19.30

SuperReturn Emerging Markets Gala Networking Reception Relax and unwind with your peers after the day’s sessions & networking. Meet upwith old friends and make new contacts at our splendid SuperReturn EmergingMarkets gala drinks reception.

19.30 End of Day One

STREAM B: EMERGING EUROPE

14.30

CEEHow Is The Euro Crisis Impacting Investment In Central &Eastern Europe? Will These Economies Emerge RelativelyStronger Once The Dust Has Settled? How Is The Nature OfDeal Flow Changing & What Are The Best Methods OfExploiting Attractive Valuations?

Anne Fossemalle, Director – Equity Funds, EUROPEAN BANKFOR RECONSTRUCTION & DEVELOPMENTAnne Fossemalle has been the Director in charge of Equity Funds at the European Bank forReconstruction and Development since 2009. Previously, she was the Director, Bank Equity,responsible for EBRD’s direct investments in banks. Prior to this appointment, she was a SeniorBanker in the Financial Institutions group, where she led various debt and equity transactionswith banks, and was responsible for EBRD’s relationship with international banking groups.

Gabriel Kamensky, Investment Professional, SWISS RE PRIVATE EQUITY PARTNERSGabriel focuses on the European market, including Central and Eastern Europe, where he isresponsible for market screening and execution of fund investment projects. Prior to joiningSwiss Re Private Equity Partners AG, Gabriel worked as an investment analyst at Horizon21where he participated in private equity projects globally.

Pierre Mellinger, Managing Director, PINEBRIDGE INVESTMENTS Pierre Mellinger is Chief Executive Officer of PineBridge Investments (Central Europe) Sp. zo.o. PineBridge Investments (Central Europe) Sp. z o.o. is the manager of around €1 billionFunds in Central and Eastern Europe, including PineBridge New Europe Partners, L.P., a $320million Fund, now fully invested; Global Emerging Markets II (GEM II) and PineBridge NewEurope Partners II, L.P., a 2008 follow on Fund of €522 million. Mr. Mellinger has extensiveexperience in investments, finance and management for more than 25 years, including almost20 years in direct investments.

Thierry Baudon, Managing Partner, MID EUROPA PARTNERSThierry is the founding Partner of Mid Europa Partners and chairs the Investment andManagement Committees of the firm. Thierry has led the Mid Europa team since its inception in1999. Previously, he headed the International Finance Division of the SUEZ Group and heldsenior positions with the EBRD and the World Bank/IFC Group.

DAY1

8 For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

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DAYS1&2

15.00

RUSSIA – MYTHS & REALITIESPerceived Vs. Actual Risk: Why Does Russia Get Such A BadPress? How Justified Is This, & What Returns Are PeopleActually Seeing On The Ground? Is Now The Right Time ToTake Advantage Of Attractive Valuations?Moderator: Jorgen Smeby, Founder & CEO, SIMBA CAPITALPrior to launching Simba Capital in 2004, Jørgen spent two years as Global Head of Equity-Linked Sales at HSBC, based in London. His responsibilities included fund-linked derivatives,listed and OTC equity derivatives, convertibles and CFD’s. Before joining HSBC, Jørgen spentten years at Credit Suisse First Boston in London as a Managing Director in the firm’sDerivatives business with focus on marketing of derivative products across the asset classes toa wide universe of European clients.

Henry Potter, Partner, ALPHA ASSOCIATESHenry has been investing in private equity funds and companies in CEE and Russia/CIS since1994. He has served on investment committees and advisory boards of many of the region’soldest private equity managers, as well as a number of boards of directors of banks andcompanies. Henry joined Alpha Associates in September 2008 from the European Bank forReconstruction and Development (EBRD), London, where he participated in a number of groundbreaking transactions in the CEE/CIS region, including bank privatisations and turnarounds.

Robert Sasson, Managing Partner, UFG PRIVATE EQUITYRobert Sasson joined the UFG Asset Management team in 2009. He has more than 20 years ofexperience in the Russian investment market. Prior to UFG, from 2005-2008, he worked with aleading 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 andDevelopment and was, among other things, responsible for building a successful portfolio of $1.5billion of debt and equity transactions. From 1990-1992 Mr. Sasson worked for Phibro Salomon.

Jochen Wermuth, CIO & Managing Partner, WERMUTH ASSET MANAGEMENTJochen Wermuth, CIO and Founding Partner of Wermuth Asset Management GmbH whichinvested over $1bn in Russia and recently launched the Tatarstan Cleantech Fund – a privateequity fund with €110m of committed capital which invests in best-in-class international cleantechcompanies and facilitates their entry into the high-margin Russian market.

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

15.30

POLANDHow Are Polish Private Equity Firms Generating The BestReturns In The Region & How Will They Sustain Long TermGrowth? How Do LPs See Poland As An Investment Destination?Krzysztof Kulig, Partner, INNOVA CAPITALKrzysztof Kulig has been with Innova Capital for 11 years. He is responsible for developinginvestments in financial services and B2B services across the region. He has been responsiblefor Innova’s two main transactions in financial services, namely: PolCard S.A. and DomFinansowy QS. Mr. Kulig is also in charge of talent recruitment, having joined Innova fromHeidrick & Struggles where he was a principal consultant and head of the e-business andprofessional services operations. Prior to that, Mr. Kulig worked for five years at EuronetServices, where he was the Managing Director and Vice-President of the Polish subsidiary.

Dariusz Prończuk, Managing Partner, ENTERPRISE INVESTORSDariusz Prończuk is a Managing Partner of Enterprise Investors and Board member of severalcompanies from the EI portfolio. Dariusz has over 24 years of private equity, corporate financeand industry experience in the CEE region. Since joining Enterprise Investors in 1993, he hasmade more than 20 investments in Poland and in all the major CEE countries, primarily in thefinancial services, IT, construction materials and FMCG sectors. Key among them have beeninvestments in Lukas, Comp Rzeszów (now Asseco Poland), COMP, Magellan, Kruk, and AVG.

16.00 Afternoon Tea

STREAM B: SECONDARIES & DISTRESSED

16.20

EMERGING MARKETS SECONDARIESUsing The Secondaries Market As A Source Of Liquidity: WhoIs Selling What, & At What Price? What Are The ReturnExpectations In This Specialist Asset Class?Kenneth Sawyer, Managing Director, SAINTS CAPITALSaints is a venture capital and private equity firm focused on providing liquidity for investors andfounders of private companies. Saints manages over $1B invested in over 200 companies intechnology, healthcare, consumer and industrial industries. Saints is the largest global directsecondary firm. Mr. Sawyer has been selected as a member of the Forbes Midas list, where hewas 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 Pomona’semerging 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 ofprivate equity investment experience, almost exclusively in the developing world. From 2000 to2007, 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

16.50

DISTRESSED IN ASIAHow Are Firms Taking Advantage Of The New DistressedOpportunities In China & Emerging Asia?Robert PettyManaging PartnerCLEARWATER CAPITAL PARTNERSRob Petty is Managing Partner and Co-Founder of Clearwater Capital Partners, and a memberof the firm's Investment Committee. Turnarounds and restructurings in Asia has been the focusof Mr. Petty’s nearly 30-year. His previous experience encompasses roles at Amroc InvestmentsLLC, Peregrine Fixed Income Ltd, and Lehman Brothers Holdings, Inc. Mr. Petty serves on theboards of four Clearwater portfolio companies and two non-profit organizations.

Benjamin FangerCo-Founder & Managing DirectorSHORELINE CAPITAL Mr. Fanger co-founded Shoreline Capital Management, Ltd. in 2004 to invest in distressed assetsand special situations in China. The firm currently manages over US$400 million, with principalbalances on its distressed debt holdings totaling over US$2 billion. Mr. Fanger works with theChinese local team of over 20 investment professionals to formulate the company’s investmentstrategies and is involved in the sourcing, analysis, negotiations, restructurings and liquidationsrelated to acquiring and disposing distressed assets in China. Mr. Fanger has been fluent in spokenand written Chinese for fifteen years and has spent three years living in Greater China. He alsoholds a JD and MBA from University of Chicago and is a licensed attorney in the State of California.

17.20 – 18.20

SuperReturn Emerging Markets Networking ChampagneRoundtables See page 8 for details

18.00 – 19.30

SuperReturn Emerging Markets Gala Networking Reception Relax and unwind with your peers after the day’s sessions & networking. Meet upwith old friends and make new contacts at our splendid SuperReturn EmergingMarkets gala drinks reception.

19.30 End of Day One

STREAM C: EMERGING MARKET THEMES

Stream Chair: Mark O’Hare, CEO, PREQINMark O’Hare is Founder and Chief Executive of Preqin, the alternative assets informationservice. Before Preqin, Mark’s initial career was as a Manager with Boston Consulting Group,where he advised clients in Europe, the US and Africa, across several industries includingfinancial services, healthcare, retail, industrial and consumer products

14.30

Speaker tbc, BROOKFIELD

15.00

INFRASTRUCTUREHow Are Private Equity Investors Capitalising On The UrgentNeed For Infrastructure Across Many Emerging Markets? How DoManagers Overcome The Inherent Risks Of Nationalisation,Illiquidity & Long Term Investing?Gad Cohen, Partner, ELEQTRAGad Cohen is a Partner of eleQtra Ltd, the manager of InfraCo Africa and the InfraCo Sub-Saharan Infrastructure Fund (ISSIF). Gad Cohen has over 18 years of professional experiencein the development and financing of infrastructure projects in the power and transportationsectors. Prior to co-founding the eleQtra Group, Mr. Cohen held a series of senior positions atABB Equity Ventures, the development and equity investment arm of ABB Ltd., including asHead of the Global Power Group where he was responsible for the development andinvestments in power generation projects worldwide.

Oliver Andrews, Director and Chief Coverage Officer,AFRICA FINANCE CORPORATIONOliver Andrews is AFC's Director and Chief Coverage Officer. In thiscapacity, he leads both the corporation's infrastructure project developmentand technical advisory activities. Oliver is former CEO of London-based TCIInfrastructure Limited. He has a background in engineering, transport, powerand project finance, with over 30 years’ experience in the transport sector

and 20 years as an infrastructure project developer and strategic adviser

David Creighton, CEO, CORDIANT CAPITALDavid has accumulated over 25 years of experience in international capitalmarkets in New York, London and throughout Asia. In 1999, he co-foundedCordiant, a unique fund manager specialising in emerging market, privatesector loans. David guest lectures at McGill University and is a frequentspeaker at conferences and in the media on matters relating to theemerging markets.

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

15.30

AGRIBUSINESSWhat Are The Current Opportunities In The AgribusinessValue Chain & How Does Investing Vary Between Regions?What Do LPs Need To Understand Before Investing? Jeff Leonard, Founder & CEO GLOBAL ENVIRONMENT FUNDAs 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 hisabiding commitment to GEF, Dr. Leonard is the Chairman of the Board of Directors of theEmerging Markets Private Equity Association (EMPEA) and has previously served as Co-Chairman of the Clean Technology Venture Network (now the Cleantech Group). He serves alsoon the boards the National Council for Science and the Environment (NCSE) and the NewAmerica Foundation.

Hubertus van der Vaart, Executive Chairman & Co-FounderSEAFSee bio on page 6

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

16.00 Afternoon Tea

16.20

GENERALIST VS SECTOR SPECIFICDo Managers Have To Specialise To Survive? How Do LPsBalance Diversification With A Specialist Skill Set?

Moderator: Mark O’Hare, CEO, PREQINSee bio above

Jim Strang, PrincipalHAMILTON LANEJim is a Principal at Hamilton Lane, where his main focus is on fund investment opportunities inEurope. Prior to Hamilton Lane, Jim was a Director and Head of Fund Investments at DunedinCapital Partners, whose European fund investment operation he helped establish. PreviouslyJim was Head of European Buyouts at Gartmore Private Equity.

Alexandre AlfonsiFounding PartnerAXONIA PARTNERSSee bio on page 6

16.50

INTERNATIONAL VS. DOMESTIC INVESTORSWhat Are The Best Methods Of Balancing The CompetingDemands Of Local & International Investors In EmergingMarkets Funds? Is It Possible For These Investors To Co-ExistEasily Or Will Side Letters & Differing Terms & ConditionsBecome The Norm?Robert Wages, Head of Private Equity, NATIONAL HOLDINGSee bio on page 6

17.20 – 18.20

SuperReturn Emerging Markets Networking ChampagneRoundtables See page 8 for details

18.00 – 19.30

SuperReturn Emerging Markets Gala Networking Reception Relax and unwind with your peers after the day’s sessions & networking. Meet upwith old friends and make new contacts at our splendid SuperReturn EmergingMarkets gala drinks reception.

WEDNESDAY 27TH JUNE 2012

07.30 – 08.30:

LP Closed Door BreakfastThe SuperReturn Emerging Markets LP Closed Door breakfast is a chance forrepresentatives from pension funds, SWFs, endowments & foundations, to networkwith their peers and compare experiences in an exclusive environment. Thebreakfast 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 [email protected]

08.15 Coffee & Registration

08.30

Chair’s Opening & WelcomeGeorge Siguler, Managing Director & Co-Founder, SIGULER GUFFGeorge is founding principal of Siguler Guff & Company which has over $7billion assets under management. He is also a founding partner of RussiaPartners, L.P. In 1991, Mr Siguler became head of PaineWebber’s privateequity group, where he spearheaded the formation of Russia Partners and

several domestic private equity funds until Siguler Guff became independent in 1995. Mr Sigulerwas a founding partner of Harvard Management Company in the early 1970s and initiated andmanaged its private equity programme.

08.40

CO-INVESTMENTSAre Co-Investments The Best Way To Boost Returns & AccessThe Best Deals? What Are The Benefits To LPs In Terms OfControl, Alignment Of Interest & Reduction In Fees? What Arethe Potential Pitfalls For LPs & GPs?

Claudio Siniscalco, Principal, HARBOURVEST PARTNERSClaudio Siniscalco joined HarbourVest’s London-based subsidiary in early2007 and focuses on originating, evaluating, and executing directinvestments in growth equity and buyout transactions in the EMEA region.He is also involved in originating European mezzanine and senior loaninvestments. Claudio serves as a board member of Panda Security, Polynt,

and TynTec and has been involved with several of the firm’s other direct investments, includingAcromas, Nordax, Skylark, SuperMax, Takko, and World-Check.

Jim Strang, Principal, HAMILTON LANESee bio above

Paul Van Houtte, Head of International Equity &Funds, CASSA DEPOSITI E PRESTITIPaul Van Houtte initially worked for a VC fund targeting European growthcompanies after which he joined European Investment Fund focusing onprimary fund investments in the VC and Buy Out area across Europe. Afterhaving launched the secondary investment area for EIF as Head ofSecondary Investments, he later guided private equity investments in theMENA region for the European Investment Bank. Currently Paul is Head of

International Equity and Funds for Cassa Depositi e Prestiti.

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

09.10

KEYNOTE ADDRESSAlexander Abolmasov, Managing Partner, NEW RUSSIA GROWTHMr. Abolmasov is a Managing Partner of NRG, Russia-based private equityinvestment management firm. Prior to joining NRG, Alexander was a

Corporate Finance Director of Arbat Capital, an investment company with over US$ 700 mnunder management. Before that, Alexander worked for Zindel Investment Partners as a directorresponsible for deal origination, execution and portfolio company development. Earlier heworked 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 rana successful leasing company as an executive director.

9For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

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Wednesday 27th June 2012MAIN CONFERENCE

09.35

INDIA To What Extent Has India Disappointed? What Returns Do LPsWant To See & What Will Trigger The Required Level Of Exits?

Anubha Shrivastava, Managing Director Asia, CDC GROUPAnubha Shrivastava is a Managing Director at CDC Group plc, a fund of fundsbusiness owned by the British Government that invests in the developingeconomies of Africa, Asia and Latin America. She is responsible for the Asianinvestment portfolio spanning across South and South-East Asia and China.Anubha Shrivastava commenced her private equity career in 1999 with

General Motors Asset Management’s Private Equity Group in New York, USA. She was involved inthe global private equity fund-of-funds portfolio as well as the global co-investment programme.

Nils Rode, Managing Director, ADVEQ MANAGEMENTNils Rode co-heads Adveq’s global Investment Management practice acrossall regions and market segments. Nils is a member of Adveq’s ExecutiveManagement Group and a member of the Investment Committee. Nilsrepresents Adveq as a speaker at conferences and industry events and isactive on several advisory boards. Before joining Adveq in 2005, Nils was a

Vice President with private equity backed SkyOnline, a US-based IT and telecommunicationscompany, where he worked in the areas of finance and strategy from 2003 to 2005.

Mintoo Bhandari, Senior Partner, APOLLO GLOBAL MANAGEMENTMr. Bhandari is a Managing Partner at AION Capital Partners and SeniorPartner at Apollo. He joined Apollo in 2006 as a Partner in the New Yorkoffice, then in the London office and launched Apollo’s India advisory firm inMumbai in 2008. Prior to that time, Mr. Bhandari was managing director ofThe View Group, an India-focused boutique private equity and investmentadvisory 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.

Idsert Boersma, Manager – Private Equity, FMO

10.05

THE SUPERRETURN EMERGING MARKETS LPSTRAIGHT TALKING INTERVIEW

A Chance To Hear Directly From An Institutional Investor OnWhich Markets They Are Focusing On & Why

Nick Moakes, Head of Equity & Emerging Markets,THE WELLCOME TRUSTNick Moakes is Head of Public Markets at the Wellcome Trust, Europe’slargest charitable foundation. Nick joined the Trust in 2007 from BlackRockInvestment Management where he was Head of the Asia Pacific investmentteam and co-head of Emerging Markets. He has 23 years’ professionalexperience in Asia, and 19 years’ experience in global equity markets.

Interviewd by:George Siguler, Managing Director & Co-Founder, SIGULER GUFFSee bio above

10.35 Morning Coffee

Featuring LP/GP Structured Speed Networking Pick up 15 business cards in 15 minutes! GPs get a chance to meet plenty of LPsquickly, whilst LPs have the opportunity to quickly evaluate a number of funds. Ifthere is a fit, you can follow up later.

11.15

BRAZILDealing With The Specific Challenges Of Investing IntoBrazilian Private Equity: Managing In An OverheatingEconomy, Dealing With Macroeconomic Challenges &Balancing Local & Foreign LP Expectations

Juan Pablo Zucchini, Managing Director, ADVENT INTERNATIONALJuan Pablo Zucchini joined Advent International in 1996 and has 12 yearsof private equity experience in Latin America. From 2001 to 2003, heworked as a Director in Advent’s São Paulo office focusing on investmentsin the business services industry. From 2003 through 2007, he worked inBuenos Aires and is now located in São Paulo. Prior to Advent, Juan Pablo

spent three years with Perez Companc Group, where he worked on several major Argentineprivatisation projects, concentrating on the oil and gas and energy industries.

Carlos Héneiné, Partner, QUILVESTCarlos is co-head of Quilvest Private Equity investments in Asia, LatinAmerica and Eastern Europe. He is also Managing Director of QuilvestDubai, a Quilvest office that handles investor relationships with regionalfamily offices and institutions. Prior to joining Quilvest, Carlos was head ofStrategic Planning at Audi Saradar Private Bank and General Manager ofSaradar Equity, the bank’s Private Equity arm. Prior to that, Carlos was amanagement 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.

Rafael Horta, Partner, BTG PACTUALRafael is a partner of BTG Pactual and Investment Manager of the PrincipalInvestments Group. Prior to joining BTG Pactual, he was a partner of GáveaInvestimentos, Brazil’s largest independent hedge fund, which he joined inAugust 2006 as an Investment Associate for the Illiquid Strategies Group,becoming partner in January 2009. Previously, Rafael worked for GoldmanSachs in the Industrials and Natural Resources Investment Banking Divisionin London (2005-06) and in the Latin American Investment Banking Division

both in New York and São Paulo (2003-05) focusing on M&A and capital markets transactions.

11.45

EXTENDED SESSION: CHINA ECONOMIC &GEOPOLITICAL OUTLOOK

11.45 – 12.05

What Does New Leadership, Slowing Growth, Social Change &Changing Capital Flows Mean For China In The Next Decade?

Peter Cornelius, Chief Economist, ALPINVEST PARTNERSPeter Cornelius heads AlpInvest Partners’ economic and strategic research,one of the world’s largest private equity investors. Prior to his currentposition, he was the Group Chief Economist of Royal Dutch Shell, chiefeconomist and Director of the World Economic Forum’s GlobalCompetitiveness Programme, Head of International Economic Research of

Deutsche Bank, a senior economist with the International Monetary Fund, and a staff economistof the German Council of Economic Advisors. A German national, Peter Cornelius is thechairman of the European Venture Capital and Private Equity Association’s working group ondeveloping private equity risk measurement guidelines.

12.05 – 12.35

CHINA PRIVATE EQUITY OUTLOOKHow Will Private Equity In China Develop In Light Of TheChanging Macroeconomic & Geopolitical Ecosystem?

Moderator: Peter Cornelius, Chief Economist, ALPINVEST PARTNERSSee bio above

Yibing Wu, President, CITIC PRIVATE EQUITY FUNDS MANAGEMENTSee bio on page 8

David Pierce, CEO, SQUADRON CAPITALDavid Pierce is Squadron Capital’s Chief Executive Officer, Chair of thefirm’s Investment Committee and Senior Managing Director of SearchInvestment Group. Immediately prior to joining Search Investment Group in2001, David was a partner in the Shanghai office of an international lawfirm, 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 China-focused private equity firm. Since moving to East Asia in 1982, David has been based atvarious times in Beijing, Hong Kong, Shanghai, Singapore, Taipei and Tokyo.

Eric A. Wilcomes, Director, Portfolio Manager,DUPONT CAPITAL MANAGEMENTMr. Wilcomes joined DCM in 2002 and is a member of the investment teamresponsible for partnership selection and portfolio management. Prior to joiningDCM, Mr. Wilcomes was an Associate in the Private Equity Finance Group ofDeutsche Banc Alex Brown where he was responsible for due diligence,

valuation and marketing in connection with private equity fund–raising. Prior to joining DeutscheBanc 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.

12.35

SPECIAL GUEST SPEAKER – BRAND GURULovemarks: Generating Loyalty Beyond Reason

Pedro Simko, Member of the Worldwide Executive Board, SAATCHI & SAATCHI In 1991, Pedro co-founded SIMKO Communication, which quickly became oneof Switzerland’s largest and best known advertising agencies. In 2003, SIMKObecame the first agency ever based in the French-speaking part of the country,to win the Campaign of the Year Award, Switzerland’s most important creativeprize. In 2004 SIMKO Communication joined forces with Saatchi & Saatchi to

become Saatchi & Saatchi Simko. In May 2006, Pedro was named to Saatchi & Saatchi’s WorldwideExecutive Board and in September 2007 he was appointed Europe, Middle East & Africa ClientDirector, as well as a member of the EMEA Executive Board.

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, THE WELLCOME TRUST & Paul Van Houtte, Head ofInternational Equity & Funds, CASSA DEPOSITI E PRESTITIPlus! VIP Hosted Lunch table With: Pedro Simko, Chairman & Client Director EMEA, SAATCHI & SAATCHI SWITZERLAND

14.30 – 14.50

Delegate QuickFire Showcase A must-attend session for those delegates who wish to promote their fundto the SuperReturn Emerging Markets audience. Fund managers haveexactly 90 seconds to explain their strategy and what makes their fundunique before being judged by an expert LP panel. Instant LP feedback foryour fund, plus a fabulous prize for the winner.Judged by: Carlos Héneiné, Partner, QUILVEST

STREAM A: AFRICA

14.50

SOUTH AFRICA AS A GATEWAY TO SUB SAHARAN AFRICA

Are South African Private Equity Firms In A PrivilegedPosition To Make The Right Investments To Benefit From HighGrowth On The African Continent?Nhlanganiso Mkwanazi, Co-Founder & Director, MEDU CAPITALNhlanganiso 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 industrialcompanies and was an executive committee member of the Southern African Venture andPrivate Equity Association (“SAVCA”).

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

15.20

NORTH AFRICAWhere Next For North Africa? How Have GPs Managed TheirInvestments Through Recent Turmoil, & How Can Managers InOther Regions Ensure They Are Prepared For TheUnexpected? Hear Lessons Learned & Share Best PracticeZiad Oueslati, Founding Partner, TUNINVEST - AFRICINVESTMr. Oueslati is currently the MD and co-founding Partner of TunInvest - AfricInvest the firstprivate equity fund management company in the Maghreb and one of the leading players inSub-Saharan Africa. Mr. Oueslati participated in the structuring and raising of severalinvestment 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 hasstructured over 50 investments in Africa in several industrial and service sectors. He has alsoconducted on behalf of European financial institutions financial and strategic advisory work inthe African continent.

Angus Blair, Corporate Strategy & Client Development,BELTONE FINANCIALBefore Beltone, Mr Blair was a consultant and was previously head of productdevelopment/asset management at Al Rajhi Bank and before that MD at Safron Advisors, one ofthe first MENA private equity firms, and previously head of equities. Mr Blair also worked insales and trading for a number of emerging markets at ING Barings and ABN AMRO. Hehandled a number of key ECM transactions in the MENA region, including CIB’s GDR, as wellas the first funds to allow foreign investors to invest in Saudi Arabia and Oman.

Rania Gohar, Investment Officer, IFCRania, an Egyptian national, is a seasoned professional with a distinguished career in assetmanagement and equity investments in the MENA region. She is currently an investment officerat the private equity and funds department at the IFC working on Sub-Saharan Africa and theMENA region. Previously, she was at NAEEM Group, an Egypt based asset managementcompany, where she was the Managing Director of the Asset Management Operations. Prior tojoining NAEEM in 2005, Rania was the Assistant to the Chairman of the Egypt MortgageFinance Authority for a short period.

Stephen Murphy, Managing Director of Institutional Fundraising, CITADEL CAPITALMr. Murphy joined Citadel Capital in 2008. Prior to joining the firm, Mr. Murphy was head ofprivate placements at Citigroup Global Markets. With more than 20 years of experience inprivate equity fundraising and investment banking, Mr. Murphy held a range of positions withSalomon Brothers / Salomon Smith Barney in New York, Tokyo and London starting in 1985.Originally a mergers and acquisitions specialist who headed Salomon’s European M&A practicein the early 1990s, Mr. Murphy’s career has covered a wide range of advisory as well as publicand private fundraising activities.

15.50

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

Kayode Akinola, Partner, HELIOS INVESTMENT PARTNERSMr. Akinola, a Nigerian and German national, is a senior private equity professional with morethan 12 years of investment experience in Europe and Africa. He has been with HeliosInvestment Partners, an Africa-focused private equity firm with approximately $1.8 billion inassets under management, since its inception and formation in 2004. At Helios Mr. Akinolaleads the firm’s efforts with regard to making energy investments and has also beeninstrumental in the firm’s infrastructure, telecom and financial services investments to datedeploying more than US$750mn of equity capital for Sub Saharan Africa.

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

16.20 Afternoon Tea

STREAM A: LATIN AMERICA

16.45

LATIN AMERICA What Is The Best Strategy For Accessing Latin America? ToWhat Extent Are Smaller Managers Challenging TheDominance Of The Largest Funds & Are LPs Ready To InvestOn A Country Specific Level?Ralph Keitel, Principal Investment Officer, IFCSince joining IFC in early 2006, Ralph has been responsible as regional lead for IFC’s privateequity fund activities in Eastern Europe/Russia (2006-2008), Africa (2008-2011) and, since2011, Latin Ameria. Prior to joining IFC, Ralph was with Caisse de Dépõt et Placement deQuébec (CDP) in Montréal, where he was responsible for a portfolio of venture capital funds inNorth America and Europe.

Duncan Littlejohn, Managing Director, PAUL CAPITAL PARTNERSDuncan Littlejohn is Managing Director- Latin America for Paul Capital Partners, a well knownsecondary private equity fund manager with over US$ 6 billion in AUM. He was previously apartner of BPE Investimentos and its predecessor Brasilpar, a primary private equity fundmanager 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). Hespent 10 years in Ecuador as CEO of Productos Ecuatorianos (Prodec) a leading coffee andcocoa exporter.

Speaker tbc, BROOKFIELD

17.15

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

Niclas During, ESG Manager, CDC GROUPNiclas joined CDC in September 2009 as ESG Manager, coming from McKinsey & Company’sLondon office where he worked on strategy and organisational matters for clients across anumber of industries. Prior to joining CDC, he worked in operational management consultingwith Celerant Consulting, and before that with the World Bank on private sector developmentand investment climate enhancement.

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

Geetha Tharmaratnam, Investment Principal - Investments & ESG, AUREOS ADVISORSGeetha joined Aureos in London in July, 2008. Geetha is the Global Environment, Social andGovernance (ESG) Manager for Aureos Capital, coordinating the management of ESG issuesthrough the lifecycle of the investments. In addition, she manages the Africa Health FundTechnical Assistance Facility, which provides funding to portfolio companies for capacity buildingprojects and projects which enhance access to health goods and services for low income people.

DAY2

D2

10 For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

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Wednesday 27th June & Thursday 28th June 2012MAIN CONFERENCE

17.45 – 18.30

Gala Networking Reception Relax at our second networking drinks reception: the perfect way to meet newpeople and continue the day’s networking.

18.30 End of Day Two

STREAM B: MIDDLE EAST & ON THE GROUND

14.50

MIDDLE EASTERN PRIVATE EQUITYHow Are Fund Managers Broadening Out Of The GCC Region,Overcoming Political Instability & Poor LP Perceptions ToDeliver Growth? When Will Exits Come Back To The Market?Moderator: Brad Bourland, Managing Director, ProprietaryInvestments, JADWA INVESTMENTSince 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 bank’sown capital, and he is the Vice Chairman of the Management Committee. Brad publishesregularly on issues related to the Saudi and global economies and the world oil market. Heappears frequently in the domestic and international television and print media. For nine yearsprior to joining Jadwa, Brad was the Chief Economist at Samba Financial Group, formerly theCitigroup affiliate Saudi American Bank, in Riyadh.

Wael Aburida, CEO, ADDAX BANKSee bio on page 7

Mohamed Semary, Partner, ABRAAJ CAPITALMohamed Semary is a Partner at Abraaj Capital within the Corporate Business DevelopmentGroup where he is predominantly involved in investor coverage activities. Mr. Semary leads thefirm’s efforts in maintaining relationships with institutional investors and Limited Partnersglobally. Prior to joining Abraaj Capital in 2006, Mr. Semary spent five years at EFG-Hermeswhere his most recent position was as Head of Corporate Business Development.

15.20 – 16.20

EMERGING MARKETS ON THE GROUND A series of small workshop groups focusing on topics facing emerging marketmanagers and their investors. The discussions will be in small groups of 10-15people and will run concurrently for an hour. Delegates choose which discussion ismost relevant for them and then can swap after 30 minutes.

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

2) CurrencyExploring How Fund Managers Mitigate Currency Risk Using Global Diversification,Hedging & Local CurrenciesSpeaker tbc3) Governance ConcernsWhich Markets Are Causing The Most Concern For Fund Managers WhenAnalysing Governance & Transparency In Different Regions?Led By: David Creighton, CEO, CORDIANT CAPITALSee bio on page 9

4) RMB Vs. USD Funds Examining Conflict Of Interest Within RMB & USD Funds: What Is The Impact OnDeal Access, Available Exit Routes & Expected Returns: How Are Funds BeingStructured Now?Speaker tbc

16.20 Afternoon Tea

16.45

LP SIMULATOR GAMEUnderstanding What LPs Think About Each Emerging Market TodayNew for SuperReturn Emerging Markets, we are pleased to introduce the LP SimulatorGame. Attendees will get to choose from a selection of anonymous real emergingmarket 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 Thornton, CEO, PEARONLINESimon founded PEARonline in 2005 to provide private equity GPs and placement agents with asolution to web-based communication with LPs for fundraising and fund reporting. From 1999 to2004, Simon headed Landmark Partners’ European operations, and was responsible forinvestor relations and fundraising in Europe and the Middle East as well as sourcing Europeanacquisition opportunities.

Anne-Maree Byworth, Founder, WATLEDGE CONSULTINGAnne-Maree Byworth manages an emerging market private equity advisory firm that providesdue diligence services for investors seeking to make commitments to private equity fundsoperating in Asia and Africa. She also acts as a business coach for recently establishedgeneral partners seeking to develop robust business platforms, particularly those seeking tooperate in nascent private equity markets. Until June 2008, Anne-Maree was Director of PrivateEquity at CDC Group plc, the fund of funds business owned by the British Government thatinvests in the developing economies of Africa, Asia and Latin America.

Solomon Wifa, Managing Partner of London Office, O'MELVENY & MYERSSolomon Wifa is head of O’Melveny's London office and a member of the Investment Fundsand Securitization Practice. Solomon has significant experience in the investment funds sectorand has acted on a number of international and domestic private equity transactions includingthe establishment of private equity, hedge, buyout, mezzanine and venture capital funds andcarried interest schemes. He has also advised on a number of buy-out, venture anddevelopment capital investments.

17.45 – 18.30

Gala Networking Reception Relax at our second networking drinks reception: the perfect way to meet newpeople and continue the day’s networking.

18.30 End of Day Two

THURSDAY 28TH JUNE 201208.30 Coffee & Registration

09.00

Chair’s Opening & Welcome

09:10

EUROPEAN LPSHow Are European LPs’ Allocations To Emerging MarketsPrivate Equity Changing? How Do They View EmergingMarkets Within Their Wider Portfolio?

Moderator: Janusz Heath, Managing Director,CAPITAL DYNAMICSJanusz is a Managing Director in the Investment Management team atCapital Dynamics and has over 26 years of private equity experience.Janusz has a leading role in developing the firm’s emerging marketsexpertise and during his tenure as head of Asset Management; he wasinstrumental 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 & EasternEuropean private equity at Allianz Specialised Investments (formerly Dresdner Kleinwort Capital),having previously been deputy chairman and managing director of PTP-Kleinwort Benson.

Ivan Vercoutere, Partner, LGT CAPITAL PARTNERSsee bio on page 8

Hans Van Swaay, Partner, LYRIQUESee bio on page 6

Erik Kaas, Partner, PARTNERS GROUPErik Kaas is a Partner, a member of the business development committee,co-head of the investment solutions business department and responsible forstrategic client relationship development. Partners Group’s investmentsolutions team is globally responsible for investment origination, businessdevelopment and client relationship management. He is also a member ofEVCA (European Venture Capital Association) Investor Relations Committee.

Gerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERSDr. Gerhard Bauer is a member of ACP’s Fund Investment Team and is responsiblefor primary and secondary investments in European buyout and venture capitalfunds. Prior to joining ACP’s Fund Investment team in 2000, Gerhard wasresponsible for monitoring Allianz AG's long term industrial holdings. He currentlyrepresents ACP on the advisory boards of several private equity funds.

09.50

KEYNOTE ADDRESSDavid Bonderman, Founding Partner, TPGTPG and its affiliates have approximately $48 billion of capital undermanagement. Portfolio companies controlled by TPG have combinedrevenues of over $85 billion, operate in more than 130 countries andemploy approximately 600,000 people. Among the portfolio companies ofTPG are: PETCO; IMS Health; Avaya; Harrah’s Entertainment, EnergyFuture Holdings (TXU); Neiman Marcus; SunGard and Univision. Prior toforming 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.

10.15

ELECTRONIC POLLING PANELWhat Are The Opportunities & Key Impediments In EmergingMarkets Private Equity? Where Will Allocations Go Next?

Moderator: Brad Bourland, Managing Director,Proprietary Investments, JADWA INVESTMENTSee bio above

David Bonderman, Founding Partner, TPGSee bio above

11.00 Morning Coffee

11.30

REAL ASSETSAre Real Assets The Best Hedge Against Inflation? What IsThe Optimum Way Of Accessing The Asset Class?

Moderator: Berry Polmann, Executive Director,ADVEQ MANAGEMENTBerry Polmann leads Adveq's global real assets initiative. In addition, he isresponsible for Adveq's client relations in the Netherlands and the UK.Prior to joining Adveq in 2007, Berry worked as a manager atPricewaterhouseCoopers where he served Switzerland based private equityfunds, hedge funds, and real estate funds with audit, fund structuring, andtax related services. He was also a member of PricewaterhouseCoopers'

European team for pan-European asset pooling for pension funds.

Michael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERSMr. Flood is involved in all aspects of the firm’s investment activities. Inaddition to managing the London office, he has been active in primarypartnership, secondary partnership, and direct investment activity; with a focuson European and North American opportunities. In addition, he works withother members of the team to serve the needs of existing and prospective TDCapital 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 andassessing and investing in a number of new investment initiatives.

Harry van den Heuvel,Senior Investment Manager Alternatives, ACHMEAAs Senior Manager Alternatives, Harry is, among other things, responsible for optimisinginternal processes, manager selection and monitoring asset managers concerning alternatives.Achmea is a large European insurance company based in the Netherlands with operationsacross Europe. Currently Achmea’s alternative portfolio consists of more than 60 direct, fundand fund of funds investments in commodities, hedge funds, infrastructure, micro finance andprivate equity. Prior to Achmea, Harry was with F. Van Lanschot Bankiers N.V. for more thanthree years, where he managed and advised on investment portfolios of private clients.

12.00

BUYOUT VS. GROWTH VS. VENTURE12.00 – 12.20

New Data: Examining The Most Effective Strategies AcrossEmerging Markets

Daniel Schmidt, Founder & CEO, CEPRESDr. Daniel Schmidt is the founder and CEO at CEPRES, the investmentdecision platform. CEPRES provides its’ exclusive members of GPs, LPsand Intermediaries the deepest online data and tools for supporting privateequity investing including risk and return analysis and comparativeresearch. With detailed data on more than 30,000 private equity backedcompanies and the broadest network of participants, CEPRES is able toconnect 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

Panel Discussion: Comparing Investment Strategies InEmerging Markets

Sonny Wu, Managing Director, GSR VENTURESSonny Wu focuses on investments in the semiconductors, new materials, andnew energy sectors. He has made extensive investments related to LEDtechnology, and is an active board member for LatticePower, ShineOn, andTimes Energy. Sonny is currently on the boards of Panovel, PowerLayer,Quanray Electronics, Sigma Resources, and SMiT. Prior to GSR, Sonny heldkey executive positions at Nortel Networks and led the investment in ShanghaiASMC (HKEX: 3355) in 1994. He served as Managing Director for Shanghai

Nortel Semiconductors Corp. and Guangdong Nortel Telecom Corp. in 1995.

Sev VettivetpillaiCEOAUREOS ADVISORSSee bio on page 6

Andrew Brown, Managing Director & CIO, ECP Andrew joined ECP in May 2011 from Amundi Private Equity Funds wherehe was the Chief Investment Officer of the Kantara Fund, a €150m buy outand expansion capital fund investing in North Africa. Prior to Amundi,Andrew worked for Actis as country manager for Egypt. During this time hewas responsible for successful investments in Celtel, the pan-African mobilephone operator and Orascom Telecom Algeria, and was also involved in thefirst management buy-out in Egypt and acquisition of the Sidi Krir

Independent Power plant in Egypt by Globeleq.

12.40 – 14.00 Lunch

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, LYRIQUE14.00

LP/GP RELATIONS & THE IR TEAMWhat Are Good Investor Relations? LPs Give A TruthfulAccount Of Common Mistakes & Discuss The Dos & Don’ts OfInvestor RelationsModerator: Simon Thornton, CEO, PEARONLINESee bio above

Peter McKellar, Partner & CIO, SL CAPITAL PARTNERSSL Capital Partners is a private equity fund of funds manager, with operations in both Europeand North America, that is focused on investing in buy-out funds, both primaries andsecondaries, and co-investments. SL Capital Partners currently manages around €6.5 billion ofprivate equity money on behalf of around 160 clients worldwide.

Rania Gohar, Investment Officer, IFCSee bio on page 10

14.30

SUPERRETURN EMERGING MARKETS ACRONYM GENERATOR

MINTs, N-11, CIVETS, MIST & BRICs: The SuperReturnAudience Uses Electronic Polling To Create Its Own EmergingMarkets AcronymLed by: Patricia Dinneen, Managing Director, SIGULER GUFFSee bio on page 6

14.45 – 16.00

INTERACTIVE FUNDRAISING SESSION 14.45 – 15.10

Panel Discussion: In A Tough Fundraising Market, What AreLPs Looking For When Investing With A Manager & HowShould GPs Hone Their Fundraising Strategy Accordingly?Patricia Dinneen, Managing Director, SIGULER GUFFSee bio on page 6

Thomas Clausen, Managing Partner & Co-Founder, CAPVENTTom co-founded Capvent AG, and jointly manages the firm's investment activities andoperations. Previously, he was an Executive Director at Société Générale (SG) focusing onbuyout activities and a member of the Senior Management team at Credit Suisse and CSFBSan Francisco/Silicon Valley.

Julien Kinic, Managing Director, IDI EMERGING MARKETSJulien is managing director and board member of IDI Emerging Markets, a company investingindirectly (through PE funds) and directly in emerging markets companies’ equity. Prior to that, hewas 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 tablediscussions led by the panellists15.10 – 16.00

Roundtable Discussions Patricia Dinneen, Managing Director, SIGULER GUFFPeter McKellar, Partner & CIO, SL CAPITAL PARTNERSRania Gohar, Investment Officer, IFCThomas Clausen, Managing Partner & Co-Founder, CAPVENTJulien Kinic, Managing Director, IDI EMERGING MARKETSIvan Vercoutere, Partner, LGT CAPITAL PARTNERSHans Van Swaay, Partner, LYRIQUEErik Kaas, Partner, PARTNERS GROUPGerhard Bauer, Investment Director, ALLIANZ CAPITAL PARTNERSBerry Polmann, Executive Director, ADVEQ MANAGEMENTMichael Flood, Managing Director, NORTHLEAF CAPITAL PARTNERSHarry van den Heuvel, Senior Investment Manager Alternatives,ACHMEA16.00 End of Conference

DAYS2&3

11For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

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GLOBAL MACROECONOMIC INSIGHTTuesday 26th June, 09.45am

John Micklethwait, Editor-In-Chief, THE ECONOMIST

Examining The Evolving Relationship BetweenGeopolitical & Macroeconomic Instability: How Will TheWorld Change Over The Next 5 – 10 Years & What DoesThis Mean For Emerging & Converging Markets?John Micklethwait is one of the world’s foremost authorities on globalisation—how itworks and where it’s headed—and a leading proponent of its positive impact andpotential. He is the co-author/co-editor of two books on globalisation: A FuturePerfect: The Challenge and Promise of Globalization and Globalisation: Making senseof an integrating world. His book, The Company: A Short History of a RevolutionaryIdea, was named one of the ten best books of 2003 by BusinessWeek. MrMicklethwait is also an expert on American business and culture, and on Americanpolitics and American foreign and defence policy. He was head of the magazine’sU.S. section from 1999 to 2006. He is the co-author, with Adrian Wooldridge, of TheRight Nation: Conservative Power in America and bestseller The Witch Doctors. Hisforthcoming book, Masters of Management: How The Business Gurus and TheirIdeas Have Changed The World—For Better and For Worse is a revised andexpanded edition of The Witch Doctors. Mr Micklethwait is currently editor-in-chiefof The Econonmist, the world’s leading business and current affairs weekly. He is awinner of the Wincott Award, Britain’s leading prize for financial journalism and wasnamed Editors’ Editor of the Year at the British Society of Magazine Editors 2010annual awards. He has appeared on television and radio throughout the world andwritten op-ed articles for the world’s premier print news journals.

THE POWER OF BRANDINGWednesday 27th June, 12.35pm

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

Lovemarks: Generating Loyalty Beyond ReasonPedro Simko was born in Buenos Aires of Austrian parents in 1957. After studying inthe US (Princeton BA, magna cum laude, 1980; Harvard MBA, 1982), Pedro workedin marketing at Procter & Gamble in Switzerland, Middle East, UK, Ireland, Canadaand Portugal from 1982 to 1988.

From 1988 until 1991 he was Marketing Director for Jacobs Suchard, responsible forthe chocolate business in Switzerland, as well as Toblerone and Sugus worldwide.

In 1991, he co-founded SIMKO Communication, which quickly became one ofSwitzerland’s largest and best known advertising agencies. In 2003, SIMKO becamethe first agency ever based in the French-speaking part of the country, to win theCampaign of the Year Award, Switzerland’s most important creative prize.

In 2004 SIMKO Communication joined forces with Saatchi & Saatchi to becomeSaatchi & Saatchi Simko. In 2005 and again in 2006, Saatchi & Saatchi Simko wasthe fastest growing office of Saatchi & Saatchi worldwide. The agency now rankssecond in Switzerland.

In May 2006, Pedro was named to Saatchi & Saatchi’s Worldwide Executive Boardand in September 2007 he was appointed Europe, Middle East & Africa ClientDirector, as well as a member of the EMEA Executive Board.

NEW ACADEMIC RESEARCH Monday 25th June, 9.10am

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

THE IMPORTANCE OF TRACK RECORD: NEW DATA Analysing A GP’s Track Record: How Relevant Is A GP’sSuccess In Developed Markets When Looking To Invest InEmerging Markets For The First Time? Can Success InThese Different Markets Be Compared?Oliver’s current research focuses on the strategic logic and the performance determinantsof private equity investments. A second stream of work looks at the implications ofemployee motivation for firm performance in different settings. In parallel to his facultyposition at HEC, he is affiliated with INSEAD as a visiting researcher and the coordinator ofthe HEC Buyout Research program. His work has been published in leading academicjournals and in various publications for practitioners. He regularly presents his research atacademic conferences and private equity symposia and serves as an advisor to leadinginvestors in the private equity industry. At HEC, he teaches a core course on businessstrategy and offers an elective on Management Buyouts.

"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, ARInvestment Partners, Allianz Capital Partners, CDC Group Sarona AssetManagement, FMO, ECP, AlpInvest Partners, Siguler Guff, Bimcor, IFC, RWB,Morgan Stanley Alternative Investment Partners, Capital Dynamics, MNServices, Obviam, Quilvest, Swiss Re Private Equity Partners, OverseasPrivate Investment Corporation, Granite Capital Management, SL CapitalPartners, The Wellcome Trust, AXA Private Equity, Unigestion, Parish CapitalAdvisors, Adveq Management , DEG, DuPont Capital Management, HamiltonLane, AP-Fonden 2, and many, many more…

POLITICAL RISK & CORRUPTIONMonday 25th June, 16.20

Deborah Hardoon, Senior Research Coordinator, TRANSPARENCY INTERNATIONAL

How Does Transparency International Measure Corruption& Analyse The Effect It Has On Businesses In EmergingMarkets? What Can Be Done To Mitigate The Challenge OfCorruption?Deborah is responsible for three of Transparency International’s (TI) quantitativeglobal corruption measurement tools which use different methodologies to measurevarious aspects of bribery and corruption around the world.

Prior to working at Transparency International, Deborah was an Economic Plannerin the Ministry of Finance in Lesotho, and spent three years as a commercialanalyst with BP. Deborah has an MA in Economics from the University of BritishColumbia.

Outstanding Guest Speakers at SuperReturn Emerging Markets 2012

12 For latest programme and to register: www.superreturnemergingmarkets.com Tel: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: [email protected]

FKR2327 SR EM 2012 (LR)_brochure 13/04/2012 11:59 Page 12

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

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

Book By 20th April &

Save Up to £700

Private Equity, Growth Capital & Venture Capital In Converging, Emerging & Frontier Economies

www.superreturnemergingmarkets.com

4th

An

nu

al

Free For Foundations,Endowments, Pension

Funds, ILPA Members &SWFs

Email: [email protected] to apply

120+ LPs Attended

in 2011

Conference organised by

ICBI

ABOUT YOUR SPONSORSCo-Sponsors

The Abraaj Capital group isa leading private equitymanager investing in therapidly growing economies ofthe Middle East, Turkey, Africaand Asia. Since its inception in2002, it has raised over US$ 7

billion and distributed around US$ 3 billion toinvestors. More than 180 professionals work for theAbraaj Capital group, which manages eight funds:four Private Equity Funds, Riyada EnterpriseDevelopment (a Fund dedicated to small andmedium enterprises in the Middle East), Kantara (aFund dedicated to small and midcap enterprises inNorth Africa), ASAS (an income-generating realestate Fund) and a 2004 vintage real estate Fund.The Abraaj Capital group has over US$ 6 billion inassets under management. In 2011, Abraaj Capitalwas ranked the largest private equity firm inemerging markets worldwide by Private EquityInternational. Abraaj Capital Limited, a member ofthe Abraaj Capital group, is licensed by the DubaiFinancial Services Authority.

Actis is the only pan-emerging market privateequity firm.With a growing portfolio of investmentsin Asia, Africa and Latin America; we currently haveUS$4.5bn funds under management.

Our work at Actis is driven by the conviction that webring more than capital to our investments; we bringbenefits to our investee companies, investors andbroader society. We call this ethos the positive powerof capital. Combining the expertise of over 100investment professionals on the ground in ninecountries, we are proud to actively and positively growthe value of those companies in which we invest.

Actis closed its pan-emerging markets private equityfund, Actis Emerging Markets 3 (‘AEM3’) in November2008, with commitments totalling US$2.9bn and itspan-emerging markets infrastructure fund, ActisInfrastructure 2, on 30 September 2009 withcommitments totalling US$750m.

You can learn more about Actis at www.act.is

Brookfield Asset Management Inc. (NYSE: BAM /TSX: BAM.A / Euronext: BAMA) is one of theworld’s leading alternative asset managers offeringinvestment strategies in real estate, infrastructure,power and private equity to institutional investors.The firm currently has approximately $150 billion ofassets under management and over 500investment professionals and 18,000 operatingemployees in over 100 offices and operatinglocations around the world. Brookfield was foundedin 1899 when Brazilians and Canadians joinedtogether to form Sao Paulo Tramway, Light andPower and currently has R$23 billion in assetsunder management in Brazil.

Citadel Capital (CCAP.CA on the Egyptian StockExchange) is the leading private equity firm in theMiddle East and Africa. Citadel Capital focuses onbuilding regional platforms in select industries throughacquisitions, turnarounds, and greenfields executedvia Opportunity-Specific Funds. The firm's 19 OSFsnow control Platform Companies with investmentsworth more than US$ 9.0 billion in 15 countriesspanning 15 industries, including mining, cement,transportation, food and energy. Since 2004, CitadelCapital has generated more than US$ 2.2 billion incash returns to its co-investors and shareholders (on

investments of US$ 650 million), more than any otherprivate equity firm in the region. Citadel Capital is thelargest private equity firm in Africa by PE assetsunder management (2005-2011, as ranked by PrivateEquity International). For more information, pleasevisit www.citadelcapital.com.

ENS is Africa’s largest law firm, with over 400 legal,forensic, tax and IP practitioners. The firm wasestablished over 100 years ago and currentlyoperates out of its Johannesburg, Cape Town,Durban and Stellenbosch offices.

The firm was recently recognised as one of thefastest growing companies in the world and wasvoted Legal Adviser of the Year for Sub SaharanAfrica, International Law Firm of the Year andMiddle East & African Law Firm of the Year 2010.ENS was also rated the Most Trusted Law Firm andClient Care Law Firm of the Year in Africa. ENS isproud to be a level 3 BBBEE contributor.

NRG is a leading independentalternative investment managerwith a focus on Russia & CIS:· The private equity fund VolgaRiver One focuses on providinggrowth capital to mid-marketcompanies and has made six

portfolio investments to date (telecoms, retail, foodproduction). Size - $177m, first closing - 2006;number of LPs – 20.· The mezzanine focused fund, Volga River Growthfocuses on providing growth capital. Target size -$250m, first closing – $135m in 1Q2011 with EBRDas a lead investor.

Associate SponsorsClearwater Capital Partners, LLC (“Clearwater” or the

“Firm") is an investment firm founded in December 2001 toinvest in special situations and distressed or otherwiseundervalued assets and securities located in Asia,

excluding Japan (the “Asia Region”). Clearwater’s investment strategy is to leverage itsdistinct advantages in due diligence and execution capabilities across local currencies,languages and jurisdictions to build a diversified, cash generative and non-correlating portfolioof investments in the Asia Region. Clearwater combines the disciplines of private equity andcredit investing to capitalize on what the Firm perceives to be a historic opportunity forspecial situations investing in the Asia Region. Clearwater’s investment portfolios arediversified 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 NewYork, Singapore, Hong Kong, Mumbai, Seoul and Beijing. The Firm manages approximately$1.7 billion and has completed approximately 250 investments.

O’Melveny & Myers LLP is a leading global law firmwith over 800 lawyers in 15 offices across Asia, Europeand the US

· O’Melveny has one of the largest private equity practices in the world with a prominentemerging 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'stop three Fund Formation Law Firms, by Private Equity International's readers; ChinaVC/PE Foreign Fund Raising Legal Advisor of the Year by Zero2IPO Research Center (forlast 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.com13

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50% DISCOUNT

Investor Summit: Monday 25th June 2012

Main Conference: Tuesday 26th – Thursday 28th June 2012

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Register Now – Five Easy Ways!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: [email protected] 5. Via the website: www.superreturnemergingmarkets.comAlways quote your VIP CODE when registering.

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I will pay by:o Cheque/bankers draft made payable to ICBI for £...............................................o Invoice to be sent to my companyo Bank transfer - full details of bank transfer options will be given with your invoice on registration.

Please use this form as our request for payment. Fax and phone bookings should be made with a credit card number, or followedup by a posted registration form. Places are only guaranteed by full payment, which must be received before the conference.

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 DelegateTerms 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 totalamount 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 yourfee 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 [email protected] 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 theformat, 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 youprovide 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 yourbusiness 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 youdo 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 protected]. 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 themailing 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)

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