22nd Annual
AVCJ Private
Equity &
Hong Kong 2009 Venture Forum
11 – 13 November 2009 Global perspective, local opportunities
Asian
private equity
and venture
capital lead the
new financial
order
Four Seasons Hotel
Hong Kong
Convened by

Sponsors
Lead sponsors Asia series sponsor
Co-sponsors
,
Legal sponsors
PE Leaders’ Summit sponsors
LP Summit sponsors Exhibitor
Knowledge partners Public relations partner Official newspaper

Schedule of events
“The mother of all private equity
conferences in Asia” Tuesday, 10 November 2009
K. Y. Tang, Chairman & Managing Partner, AFFINITY EQUITY PARTNERS Asian Private Equity & Venture Capital Awards 2009
The China Club | Central (by invitation only)
18:30 Cocktail reception Sponsor
19:30 Awards dinner
Wednesday, 11 November 2009
PE Leaders’ Summit
Four Seasons Hotel | Central
09:00 Registration opens
17:00 Summit concludes
Institutional investors’ luncheon roundtable
The Peak Suite, Four Seasons Hotel | Central (by invitation only)
12:30 Luncheon
LP Summit NEW THIS YEAR
Four Seasons Hotel | Central (by invitation only)
14:15 Registration opens
17:15 Summit concludes
22nd Annual AVCJ Private Equity & Venture Forum
Welcome reception
Four Seasons Hotel | Central
18:30 Cocktail reception
The 22nd Annual
AVCJ Private Equity Thursday, 12 November 2009
& Venture Forum 22nd Annual AVCJ Private Equity & Venture Forum
Four Seasons Hotel | Central
08:00 AVCJ Main Forum registration opens
Private equity worldwide enjoyed bumper years in 18:00 Day 1 Main Forum sessions conclude
2006, 2007 and 2008 with more funds raised and
deployed, and more fees earned than ever before. Gala cocktail and banquet
Four Seasons Hotel | Central
Now that the party is over and sobriety is setting
in, LPs and GPs alike are asking hard questions. 18:30 Gala cocktail reception Sponsor
19:30 Gala banquet
The 22nd Annual AVCJ Private Equity & Venture
Forum in Hong Kong tackles the fallout of the Friday, 13 November 2009
global economic crisis, considers the foundations
22nd Annual AVCJ Private Equity & Venture Forum
for Asia’s recovery, contrasting it to that of the Four Seasons Hotel | Central
West, and reflects upon lessons learned. At the
same time the Forum will examine the routes 08:00 AVCJ Main Forum registration opens
14:30 Main Forum concludes
to growth and exit against the backdrop of
challenging market conditions, and highlight the
sectors, industries and regions showing resilience Supporting organisations
and perhaps even the beginnings of resurgence.
Don’t miss Asia’s premier private equity event—
register now!

11 November 2009
PE Leaders’ Summit
9:00 Registration
9:10 Fund back office, setup and coping with change
Having the right support and systems in place can pay dividends in terms • What are the special reporting challenges for domestic currency
of flexibility and enabling teams to focus on the core competency of the denominated funds?
fund: managing investments. At the same time, regulations are constantly • How are fund managers responding to LP demands for clearer, more
changing with respect to taxation status in particular, and LP informational timely reporting?
demands continue to evolve: • Compliance issues arising from continuing changes to “Topic 820” and
• What is the optimum fund framework and domicile for investing in Asia’s similar legislation
different geographies? • What is the impact of the global clampdown on tax havens, for PE funds
and their investors?
10:10 Special address: Operational Excellence: The five keys to competing on the world stage
10:30 Coffee / tea networking break
11:00 Investor relations and the perpetual fundraising cycle
The pendulum of power continues to swing back and forth between PE • The impact of the ban on placement agents in the US on fundraising
fund managers and their LP investors. In uncertain times prudent managers globally
seek to maintain a constant dialogue with the existing investors and the • How to raise funds in a depressed market—and how to ensure drawdown
wider market. This panel examines: limitations don’t apply to you
• Facebook and Twitter for fund managers: How to initiate and perpetuate • A peek into LP investment committee meetings: How are the hard
a conversation with your LPs decisions made?
• The likely impact of ILPA’s white paper on fund terms
12:00 Hands-on portfolio management
The global downturn has seen a flurry of activity at the portfolio company • What are the philosophical and practical differences between firms which
level, with fund managers seeking to protect their existing investments embed operating partners in their portfolio companies and those who
before venturing more capital on new ones. While on one front this signifies operate a more hands-off approach?
a laudable singularity of purpose, on the other, some are asking whether it • Case studies: Practical examples of how GPs have effected change at
might be too little, too late: portfolio companies and lessons learned
• Is the prevalence of “non-control” deals in Asia underpinned by a genuine • Is there a deal size band which requires more hands-on management than
business case or a lack of interest / ability on the part of PE fund managers the rest?
to effect change at portfolio companies?
13:00 Luncheon
14:15 Due diligence and risk mitigation
The foundation for deal completion and the restructuring, honing, pruning • How to identify the areas which need close inspection in the business
and growth that follows it—due diligence forms the basis not only of you’re buying
decision-making, but also future planning. But it’s also expensive and time • Different types and techniques for due diligence
consuming. Experts in the field consider: • Case studies of different industries and different regions: Typical risk profiles
• Risk mitigation
15:15 Coffee / tea networking break
15:45 Planning for the exit
The final hurdle to achieving those top decile, vintage returns: Having a clear, • LP liquidity: Are we seeing the emergence of a transparent, permanent,
flexible and, above all, executable exit plan is crucial to the success of the PE secondary market?
industry as a whole and each fund in particular: • If pricing on Asian and the world’s bourses is no longer dictated by
• Futurology: How to determine the exit from the outset? some version of the Efficient Markets Hypothesis, can fund managers
• How to keep your options open and avoid exit-limiting vehicles and legitimately assume an exit via IPO?
instruments?
17:00 Summit concludes

11 November 2009
LP Summit
13:45 Registration
14:00 Asia forges ahead of the West
Institutional investors have seen their portfolios diminish substantially destination. Furthermore, a maturing Asian private equity industry now
in the past two years. To offset the loss, they have continued allocations offers LPs plenty of choices. A diversified group of investors discuss:
to alternative assets, especially private equity, in the search for superior • Where Asia fits in a balanced portfolio
returns. With many of the local economies already recovering • What foreign LPs and their peers think of Asia
from the financial crisis, Asia is a natural choice as an investment • The allocation and investment process
15:00 Is the buyout model still valid?
15:20 Coffee / tea networking break
15:40 Regional vs. single-country approaches to Asian private equity
A few years ago LPs went gaga over pan-Asian buyout firms creating despite some high profile setbacks, the thesis for pan-Asian buyouts remains
mega funds in the several billion-dollar range. At the same time they largely intact. The debate continues as LPs argue their views.
shunned smaller single-country funds. Yet recently some investors • Is the pan-Asian buyout model flawed?
have changed their tune and are now looking closer at country • Do country fund managers have more access?
funds, citing deeper local relationships and better access to deals. Yet • What do investors really prefer?
16:30 LPs united: Solidarity to advance the LP-GP relationship?
The recessionary environment has hit the LP community as hard as the fund in the investments and partnerships they make? Or will LPs have to go
managers they invest with, and a lot of talk in the industry over the past on settling for the same terms and conditions they have had from the
year has focused on the LP-GP relationship, with areas like management beginning? Offshore and on-the-ground LPs share their views on:
fees, clawbacks and proper reporting all coming into question. To what • How the LP-GP relationship is changing and where it should ultimately be
extent have these talks produced favourable results for institutional • The benefits of better communication within the LP community
investors? Should the voice of the Limited Partner have greater weight • Strategies for finding liquidity when capital calls are made
17:25 Summit concludes
1,200 DELEGATES FROM MORE THAN 30 COUNTRIES LAST YEAR!

12 November 2009
Main Forum
8:00 Registration and networking breakfast
8:20 Welcome remarks
8:30 Opening keynote address
Asian Private Equity & Buyouts Asian Venture Capital & Tech
9:00 Keynote panel: The brave new world of private equity Keynote panel: Venture tests its new limits
As the recessionary environment tightens its grip on the private equity Another victim of the global downturn, venture capital has seen fundraising
world, general partners are feeling the heat. The years of excess have finally stymied, exits closed and distributions to LPs virtually non-existent.
come to an end. Fundraising and deal activity are down substantially. Worldwide, venture is facing new challenges and requiring new answers
Leverage has dried up, and GPs are now reapplying disciplines from an that will drive it far from its historic bias towards structures evolved to suit
earlier era where private equity firms relied less on financial engineering the 1980s Silicon Valley. Most funds have yielded few significant returns
and more on management skills and value add. Senior global practitioners since the 2001-02 dotcom blowout, and VCs are coming to prefer trade
discuss the lessons learned in the past year and how they can be applied: sales over IPOs as the only viable exit option and aiming to ‘do better
• Seismic shifts in market sentiment: How best to manage? with less’ in their portfolios. Strategic VCs, meanwhile, are using their
• The current focus of US and European private equity firms: What are they corporate resources and freedom from LP-driven constraints to take a
and what, if any, effect do they have on Asian investors? larger share of the market, while newly fashionable investment areas like
• Who will emerge the strongest coming out of the recession? cleantech require different investment dynamics than traditional VC funds.
• Are the leading VC firms doomed to consolidate and contract?
• Will generational change in the VC industry lead to new structures or a
hemorrhage of talent?
• What part will VC play in driving innovation and development in the future?
Sponsor
10:00 Coffee / tea networking break
10:30 Re-creating value: Is it back to basics for private equity? Creating companies in the downturn
Private equity has always prided itself on investing in and nurturing growth. Venture funding across the globe has slowed dramatically in the past year.
Though this story has been eclipsed in recent years by that of financial Furthermore the financial crisis has compounded the challenge of making
engineering and leveraged buyouts, PE fund managers have not forgotten new ideas into profitable companies. While Asia has carved itself a number of
their roots, and many are now returning to the hands-on model to see successful niches in technology, the chances of continued success will depend
their existing portfolios through the current turmoil. Join our group of on entrepreneurs and investors’ innovation, creativity and perseverance. A
experienced managers as they discuss: panel of expert investors and entrepreneurs share their views on:
• Which sectors still pose growth potential in a shrinking global economy? • The newest and brightest ideas from Asian minds
• What strategies are successful GPs implementing for their portfolio • The opportunities and prospects for monetising local ideas
companies? • Asian entrepreneurs’ ability to leverage technologies developed elsewhere
• Organic growth versus the buy-and-build model into profitable business models.
11:30 Growth capital: Opportunities in adversity The next big tech trends—and how to monetise them
Growth capital is the mainstay of the Asian private equity industry, yet it The popularity of Facebook, Google, YouTube and iPhone has proved that
has been eclipsed in the press in recent years by headline-grabbing mega technologies changing the way people live, work and play are going to win
buyouts. As the liquidity crunch drains leverage financing from the LBOs, over the market. Fields such as biotech, cleantech, web 2.0, wireless, gaming
however, larger firms are also encroaching on this space as they search and cloud computing all possess this potential. Venture capitalists will stand
for lucrative opportunities in a world where financing is hard to come by. or fall though by their effectiveness in fitting selected companies into their
Veterans in the growth capital space discuss: portfolios and monetising their products.
• The opportunities for larger funds in the growth capital space • What are the next big tech trends?
• Alignment of interests: Creating win-win situations • What attributes qualify them and their developers for success?
• Control companies without majority stakes • iFund has emerged to support iPhone application developers: What else
can VCs do in order to flourish with the future tech trends?
• How will the current market conditions affect the formation of the next
tech wave?
12:30 Luncheon Luncheon
Keynote address Unveiling the venture capital potential in the Greater China region
14:00 Keynote address
Asian Private Equity & Buyouts Asian Private Equity & Buyouts
14:30 Keynote address Secondaries enter center stage
nstitutional investors are curbing their appetites for private equity funds
14:50 China as they search for liquidity by selling parts of their existing portfolios. With
an estimated US$100 bn of limited partnership stakes needing to find new
Despite the global recession, China is still poised for strong growth. The owners, a number of secondary funds are currently in the market raising
manufacturer to the world may be feeling pressure as exports fall but the capital. Many investors, though, are still unfamiliar with secondary funds
government’s US$586 bn bailout plan is designed to pre-empt damage by or have outdated perceptions of how they operate. Representatives from
stimulating domestic growth. Experienced investors in the Mainland discuss: leading secondaries provide the latest update on their niche in the market.
• Which industries and regions are likely to benefit from the Chinese
central government’s $586 bn stimulus package?
• Has the time now come for consolidation across China’s many over-
populated industry sectors?
• Opportunities in the improved cross-Strait relationship with Taiwan

12 November 2009
Main Forum
Sponsor
15:30 Coffee / tea networking break
15:50 Coffee / tea networking break
Asian Private Equity & Buyouts Asian Private Equity & Buyouts
16:00 Korea
16:20 Australia As a result of South Korea’s growing economy and the ongoing structural
changes such as consolidation, privatisations, divestitures of non-core assets
The credit crunch, though not as brutal as many had feared, has still impacted by chaebol and generational changes in corporate ownership, South Korea
the LBO mega deals once commonplace in Australia. Below this top tranche is expected to continue to grow its private equity investment opportunities.
though, companies continue to compete, and the likely weeding of the Meanwhile, local LPs such as the National Pension Service and Korea Investment
corporate gene pool may yet prove a boon for the PE species. Australia has Corporation are upping their allocations to alternative assets, making the land
recently benefitted from the flow-through of China’s “big spend”, especially in of the morning calm a prime destination for private equity fundraisers.
the mining and resources sectors. But how is this impacting other sectors? • What opportunities exist for foreign PE firms?
Will it last? And how does it affect private equity in the land down under? • What opportunities have been created by initiatives made by the
• How do institutional investors see Australia versus world markets? How government through KDB, KIC and NPS?
do they plan to play the current uncertainty? • How far will relaxation of foreign ownership rules help fund managers tap
• Have government initiatives to stimulate investment in innovation borne fruit? chaebol for deals?
• What are the growth drivers for Australia’s middle market?
• How vibrant is the non-chaebol growth opportunity in South Korea?
• How has the increase in pressure globally to add value impacted Australian
• Will Korean companies accept PE as partners in their globalisation efforts?
fund managers?
• Are LBO players still feeling the pinch? How are they adapting to survive?
• Has Australia escaped the fate of its G8 cousins? What is the message for PE?
17:00 Southeast Asia
17:20 India and the Subcontinent The February 2009 ASEAN meeting renewed commitments to free trade
in the region as well as the promotion of stronger economic ties and
Established PE investors in Asia’s second emerging mega-economy deliver coordinated recovery plans between its members. But how do Singapore,
the lowdown on the latest developments and their plans for the future: Malaysia, Thailand, Vietnam and the Philippines compare to other investment
• Are recent corporate governance lapses endemic to Indian companies destinations in Asia and the world?
or the exception to the rule? • Corruption and rule of law: How prevalent is the one? How strong the other?
• What is the future for PIPE deals completed in the past 18 months to two • Economies: Which countries are in the best position to escape the crisis
years? first? Do “remittances” offer a stable base for recovery?
• Given the turmoil of recent times, how stable are the regimes in Southeast
Asia? Is political stability a prerequisite for recovery and growth?
18:30 Day one concludes
18:30 Gala cocktail reception
Sponsor
19:30 Gala banquet
Keynote address
The world’s largest gathering of Asia and internationally-
focused LPs and institutional investors
2008 attendance of limited partners and institutional investors included one or more representatives from these
and other organisations:
Kuwait Fund for Arab Economic Samsung Life Insurance Co
Development SEB Wealth Management
LGT Capital Partners SEDCO
Liberty Global Partners Siguler Guff
Abu Dhabi Investment Authority Daido Life Insurance Company Lockheed Martin SIS
Adams Street Partners Danske Private Equity Luserve Squadron Capital Advisors Limited
AIG Investments DEG MetLife Investments Limited Stanwich Advisors
Allianz Private Equity Partners DUMAC Mitsui Sumitomo Insurance State Employees’ Retirement System,
Allstate Investments Edward Wong Group Monetary Authority of Singapore Commonwealth of Pennsylvania
AlpInvest Partners Elliott Advisors Mousse Partners State of Michigan Retirement Systems
Asia Alternatives Advisor EM Alternatives Mvision Private Equity Advisers Sumitomo Corporation
Asian Development Bank Evolvence Capital National Pension Service Fund Teacher Retirement System of Texas
ATP PEP Future Fund Management Center Teachers’ Private Capital
Aureos Central Asia Fund Gartmore Investment Management Noah (China) Private Wealth Management Temasek Holdings
AustralianSuper Gartmore Private Equity Center Terrain Placement Services
AXA Private Equity Asia GE Commercial Finance, Equity OMERS Capital Partners The Bank of Tokyo-Mitsubishi UFJ
Axiom Asia Private Capital GIC Special Investments OPTrust Private Markets Group The College of William and Mary
Berchwood Partners Government Pension Fund, Thailand Oregon State Treasurer’s Office The Hong Kong Jockey Club
British Columbia Investment Management Greenpark Capital Limited Pantheon Capital The Sumitomo Trust Finance
Corporation HarbourVest Partners Partners Group The University of Texas Investment
Brose Trust Harvard Management Company Paul Capital Investments Management Co
Brunei Investment Agency Honeywell Performance Equity Management TIAA-CREF
C.P. Eaton Partners Horsley Bridge Partners Principle Advisory Services Tokio Marine Asset Management Co
Canada Pension Plan Investment Board Howard Hughes Medical Institute Public Employees’ Retirement Association Tokio Marine Investment Services
CFM IBM Retirement Funds Colorado Universities Superannuation Scheme
Charles Stewart Mott Foundation IDFC Capital Public School Employees’ Retirement University of Florida Investment Corp.
China Development Industrial Bank Industriens Pension System, Pennsylvania University of Michigan
Coller Capital Industriens Pensionsforsikring Quartics, Inc. Washington University Investment Mgmt Co
Colony Capital Asia Pacific Inter-IKEA Treasury Robert Wood Johnson Foundation WestLB AG

13 November 2009
Main Forum
8:00 Registration and networking breakfast
8:30 Keynote address
Asian Private Equity & Buyouts Asian Venture Capital & Tech
9:00 Strategies for a credit-constrained environment The evolution of cleantech and alternative energy investing
in Asia
The door to credit, shut tight in December 2008, has opened a crack since With more than half the world’s population living in the developing part
then: Regional lenders, their balance sheets and resolve bolstered by of Asia and striving to attain the same standard of living as that of their
government intervention and improving sentiments have begun to lend counterparts in the West, the challenge for the region remains how to
once more. Even international banks, although they’ve seen their market achieve continued economic growth in an environmentally-friendly,
share diminish since many were bailed out by their governments, are back sustainable and low carbon way. Market-based transfers of Western clean
in business—soberly: technologies would be one way, but room also exists for local development
• What impact has this return to discipline meant for Asia’s family businesses of even better technologies. What part can private equity and venture
and SOEs? capital play in ‘cleaning up’ Asia? Panelists consider:
• The effects of the economic downturn on the pursuit of sustainable
• How have PE fund managers responded to the challenges to refinancing
development, and how governments in Asia can support the adoption of
debt and meeting covenants? clean technologies through their policies (e.g. legal and taxation)
• Will acquisition multiples come to reflect this reduced purchasing power • Existing best-practice models of incubating creativity and entrepreneurship
or will PE have to find new ways of closing deals? that Asian nations can aspire to
• How are PE fund managers structuring acquisitions to make them more • Cleantech and alternative energy investment opportunities in Asia for PE
capital efficient? Have we changed trains from consolidation to carve- and VC funds
out? • How multinational organisations can bridge technology and capital
Sponsor
10:00 Coffee / tea networking break
10:30 Distressed investing and special situations LP perspectives on venture capital in Asia
Distressed investments or distressed investors? The increasing numbers Asian venture capital funds have had their fair share of difficulties in raising
of investors needing to restructure debt off their balance sheets offers capital. Shunned by LPs in favour of their pan-Asian buyout counterparts,
an opportunity for PE to enter a company’s capital structure above the VCs have also blurred allocations by moving beyond their traditional comfort
“net assets” line rather than in the ownership segment of a balance sheet. zones to include anything from technology start-ups to consumer-oriented
Investors consider: plays. With the times being tough and institutional investors looking for
• What special structures does investing through debt require? greater returns from smaller commitments, will LPs gain an appetite for
• How can companies avoid the need to come to PE fund managers to fund Asian venture? A panel of experienced LPs considers:
their term-debt needs? • The venture capital prospects in Asia
• How are returns from debt products like these likely to compare with • The diversification strategies of Asian VC funds
historic PE returns? • Are foreign brands more attractive than homegrown names?
11:30 Emerging opportunities in Asian alternatives
The credit markets may be strangling the economy but opportunities for crisis. Senior professionals discuss the opportunities and pitfalls ahead in
innovative investors with an appetite for deals beyond the traditional venture both Australia and Asia.
capital, buyout and growth avenues have abounded. In particular, local real • Public-to-private transactions
estate and infrastructure companies are taking a beating, and many deals at • Real estate
steep discounts in these sectors are now available. Meanwhile, with stock • Mezzanine
markets down substantially, a large number of listed companies are also on • Infrastructure
the lookout for white knights to rescue them from the wrath of the financial
12:30 Luncheon
Limited partners discuss the new paradigm
LPs have been hit from all sides in the subprime burnout, the subsequent and some of the inner workings of their respective investment committees.
credit crunch and recession. Public perceptions are a consideration for many • How does the risk-return profile of Asian growth PE compare with US and
LPs, but even those with liquidity are cautious about investing in PE away European distressed / recovery situations?
from their home jurisdictions. There are nerves about importing additional • What is the LP’s appetite for Asian PE in the next three to five years?
risk and propping up portfolios acquired at ambitious valuations. This • Will LPs become closer partners or remain capital providers?
group of international LPs shares their concerns for the asset class in Asia
14:30 Concluding remarks
Conference concludes
Asian Private Equity &
Venture Capital Awards 2009
(by invitation only)
Tuesday, 10 November 2009 | The China Club | Central
Recognising excellence in Asian private equity

Confirmed speakers include
Global titans
David Rubenstein
Mr. Rubenstein is a Co-Founder and Managing Director of The Carlyle Group. He is based in
Co-Founder &
Managing Director Washington, DC. Prior to forming the firm in 1987, Mr. Rubenstein served for six years as a
THE CARLYLE partner in the Washington, DC law firm of Shaw, Pittman, Potts & Trowbridge. At the age of
GROUP 27, Mr. Rubenstein became Deputy Domestic Policy Assistant to the President of the United
States, a position he held until 1981. Mr. Rubenstein is a 1970 magna cum laude graduate of
Duke and a 1973 graduate of the University of Chicago Law School, where he was an editor
of The Law Review.
Howard Marks
Mr. Marks is a founder of Oaktree, an alternative investment management firm with over US$58
Chairman
OAKTREE billion in assets under management. Prior to Oaktree, Mr. Marks was with The TCW Group
where from 1985 to 1995 he led the groups responsible for investments in distressed debt,
high yield bonds and convertible securities. Previously Mr. Marks was with Citicorp Investment
Management for 16 years. Mr. Marks received a B.S.Ec. degree cum laude from the University
of Pennsylvania and an M.B.A. from the University of Chicago. He is a CFA charterholder and
Chartered Investment Counselor.
Jonathan M.
Mr. Nelson founded Providence Equity Partners, the world’s leading private equity firm focused
Nelson
CEO on media, entertainment, communications and information investments. Providence has over
PROVIDENCE $22 billion of equity capital under management. The firm’s sixth fund, Providence Equity Partners
EQUITY PARTNERS VI, closed on $12 billion in 2007, making it the largest sector-focused private equity fund ever
raised. Prior to Providence, he was a founder and Managing Director of Narragansett Capital Inc.
Mr. Nelson received an M.B.A. from Harvard Business School and a B.A. from Brown University. Mr.
Nelson is a trustee of Brown University.
Martin Halusa
Mr. Halusa is the Worldwide CEO of Apax Partners. He is also the Chairman of the global
CEO
APAX PARTNERS Executive Committee and the Investment Committee, and a member of the Approval and Exit
Committees. Previously Mr. Halusa was a Managing Director of Apax Germany from 1990-2003.
He originally joined Apax in 1990 from Daniel Swarovski Corporation and BCG. Mr. Halusa has
received a B.A. from Georgetown University, an M.B.A. from Harvard Business School, and a Ph.D.
in Economics from the University of Innsbruck.
Stephen S. Roach
Chairman Mr. Roach is the Asia Chairman of Morgan Stanley. Mr. Roach has been widely recognised as
MORGAN STANLEY one of Wall Street’s most influential economists. His published research has covered a broad
ASIA range of topics, with recent emphasis on globalisation, the emergence of China, productivity,
and the capital market implications of global imbalances. He is widely quoted in the financial
press and other media, and his work has appeared in academic journals, books, congressional
testimony, and on the op-ed pages of the world’s leading newspapers. Mr. Roach holds a Ph.D.
in economics from New York University.
Mark Nunnelly
Managing Director Mr. Nunnelly joined Bain Capital in 1990 as a Managing Director. Prior to joining Bain Capital,
BAIN CAPITAL Mr. Nunnelly was a Vice President of Bain & Company, with experience in the domestic, Asian
and European strategy practices. At Bain & Company, he managed client relationships in a
number of areas, including manufacturing, consumer goods and information services. Previously,
Mr. Nunnelly worked at Procter & Gamble in product management. He also founded and had
operating responsibility for several new ventures. Mr. Nunnelly received an M.B.A. with Distinction
from Harvard Business School and received an A.B. from Centre College.
Dixon Doll
For more than 35 years, Mr. Doll has influenced and guided entrepreneurs, investors and executives
Co-Founder & in the computer and communications industries. In recognition of his accomplishments in
General Partner venture capital, Mr. Doll was named by Forbes Magazine as one of the top 100 venture investors
DCM on its Midas List for four years in a row. In April 2005, he was elected to the Board of Directors of
the National Venture Capital Association (NVCA). He also served as NVCA Chairman from 2008-
2009 and as a member of their Executive Committee from 2007-2009. Mr. Doll co-founded DCM
in 1996.

Confirmed speakers include
Limited partners and institutional investors
Jeremy Coller T. Bondurant French Matthew Arkinstall Fritz Becker Philip M. Bilden Boris Bong
CIO CEO Investment Director CEO & Managing Director Managing Director
COLLER CAPITAL ADAMS STREET GREENPARK CAPITAL Managing Director HARBOURVEST SQUADRON CAPITAL
PARTNERS HARALD QUANDT PARTNERS (ASIA)
HOLDING GMBH LIMITED
John B. Breen Steve Byrom Eric I. Chan Martin Day Yew Hong Goh Jie Gong
Vice President & Head of Head of Private Equity Managing Director, Managing Director Managing Director Vice President
Funds & Secondaries FUTURE FUND Private Equity Group OMERS CAPITAL AXIOM ASIA PRIVATE MORGAN STANLEY
CANADA PENSION PLAN JP MORGAN ASSET PARTNERS CAPITAL ALTERNATIVE
INVESTMENT BOARD MANAGEMENT INVESTMENT PARTNERS
Ralph Günther Stewart Hay Stefan Hepp Peter Keehn Kyungoh Kook Suen-Yan Leung
Head of Private Equity Partner Founder & CEO Global Head of Private Director, Alternative Alternative Funds
Advisory & SL CAPITAL PARTNERS SCM STRATEGIC Equity Investment Team Advisory, Director
Fund-of-Funds LLP CAPITAL MANAGEMENT ALLSTATE KOREA INVESTMENT UBS
bmp AG AG INVESTMENTS, LLC CORPORATION
C. Ashton Newhall Bill Pearce Timothy Recker Marsha Vande-Berg Stephen Whatmore Kenneth Yeo
General Partner Director, Investment Managing Director CEO Investment Manager, Investment Director,
MONTAGU NEWHALL Funds Dept., OVERSEAS - Private Equity PACIFIC PENSION Global Private Equity Singapore
ASSOCIATES PRIVATE INVESTMENT UNIVERSITY OF INSTITUTE QIC ALLIANZ PRIVATE
CORPORATION CALIFORNIA REGENTS EQUITY PARTNERS
Aazar Zafar Sarah E. Alexander Peter Amour Paul Asel John Ball Nicholas Bloy
Portfolio Manager, President CEO Partner Founder & Co Founder &
Private Equity EMERGING MARKETS AIF CAPITAL NOKIA GROWTH Managing Director Managing Partner
ALBERTA INVESTMENT PRIVATE EQUITY PARTNERS STEAMBOAT VENTURES NAVIS CAPITAL
MANAGEMENT CORP ASSOCIATION PARTNERS

Senior industry professionals
James H. Boettcher Daniel Carroll Jeffrey Chi Mark Chiba Thomas Chou Simon Cooke
General Partner Managing Partner Managing Director & Group Chairman & Partner Partner
FOCUS VENTURES TPG CAPITAL Partner Partner MORRISON & FOERSTER CLIFFORD CHANCE LLP
VICKERS VENTURE THE LONGREACH
PARTNERS GROUP
Doug Coulter Shiv Dalvie Ashish Dhawan David Edwards Benjamin Fanger Joseph W. Ferrigno III
Head of Private Equity, Manaing Director Sr. Managing Director Regional Director, Fund Co-Founder & Managing Partner
Asia-Pacific AEA INVESTORS LLC CHRYSCAPITAL President, Asia Property Fund Managing Director ASIA MEZZANINE
LGT CAPITAL PARTNERS LASALLE INVESTMENT SHORELINE CAPITAL CAPITAL GROUP
MANAGEMENT, ASIA MANAGEMENT
PACIFIC
Mark B. Fogle Ray Haarstick Benjamin Jenkins David Jones Dominic Jones Kanak Kapur
Managing Director & CIO CEO & Founder Sr. Managing Director Managing Director Managing Director Managing Director
RREEF ASIA PACIFIC RELEVANT EQUITY & Co-Head of Asian CHAMP PRIVATE EQUITY ALTER DOMUS PACIFIC ALLIANCE
SYSTEMS Corporate Private Equity GROUP
THE BLACKSTONE GROUP
Soichi Kariyazono Grant Kelley Bonyong Koo Chih Tsung Lam Jae-Woo Lee Andrew Liu
Partner Founder & CEO Sr. Managing Director Managing Director Founding Partner Managing Partners &
GLOBIS CAPITAL HOLDFAST CAPITAL KTB PRIVATE EQUITY AXIOM ASIA PRIVATE VOGO FUND CEO, Asia
PARTNERS CAPITAL UNITAS CAPITAL
David H. Liu Erhai Liu Ron Mahabir Tim Mann Brian M. McDaniel Daniel R. Mintz
Partner & Head of Managing Director Managing Director Head of Asia Fund Partner Founding Managing
Greater China LEGEND CAPITAL ASIA CLEANTECH Administration GOODWIN PROCTER LLP Director
KKR CAPITAL MOURANT OLYMPUS CAPITAL
HOLDINGS ASIA

Confirmed speakers include
Senior industry professionals
William Owens Nicholas Parker Raja Parthasarathy Robert Petty Simon Pillar Mark Qiu
Managing Director Executive Chairman Managing Director Managing Partner Managing Director CEO & Managing Director
AEA INVESTORS (ASIA) CLEANTECH GROUP IDFC PRIVATE EQUITY CLEARWATER CAPITAL PACIFIC EQUITY CHINA RENAISSANCE
LTD PARTNERS PARTNERS CAPITAL INVESTMENT
INC
Yash A. Rana Gary Rieschel Maarten Ruijs Scott Sandell Dominic Scriven Yossi Sela
Partner Founder & Managing Partner & CIO General Partner Co-Founder & Director Managing Partner
GOODWIN PROCTER LLP Managing Director CVC ASIA PACIFIC NEA DRAGON CAPITAL GEMINI ISRAEL FUNDS
QIMING VENTURE
PARTNERS
Jason Shin Hugo Shong K.Y. Tang Jagannadham Honson To Sebastiaan van den Berg
Founding Partner Founding General Chairman & Thunuguntla Partner Principal
VOGO FUND Partner Managing Partner Equity Head KPMG HUAZHEN HARBOURVEST
IDG CAPITAL PARTNERS AFFINITY EQUITY SMC CAPITALS LIMITED PARTNERS (ASIA)
PARTNERS LIMITED
Junfeng Wang Peter Wiggs Steven Wisch Calvin Xu Kathy Xu Xiaoyang Yu
Executive Director Managing Partner Founder & Sr. Industrial Specialist Founder & Founding Partner
LEGEND CAPITAL ARCHER CAPITAL Managing Partner – Energy & Climate Managing Partner CHINA NEW
INDIA EQUITY Change, Global Financial CAPITAL TODAY ENTERPRISE
PARTNERS / IREO Markets Dept. INVESTMENT
IFC
22nd Annual AVCJ Private Equity &
Venture Forum Welcome Reception
Wednesday, 11 November 2009 | Four Season Hotel
The ultimate in networking!

Register now
AVCJ Group Limited
22nd Annual 20th Floor, Tower 2, Admiralty Centre
18 Harcourt Road, Admiralty, Hong Kong
AVCJ Private Equity T: +(852) 3411 4900 F: +(852) 3411 4999
& Venture Forum 2009 E: AVCJforums@incisivemedia.com
11-13 November 2009 Global perspective, local opportunities W: www.AVCJforum.com
/ Booking Details
PACKAGES Standard Rate Group Rate
Registration received after Applicable to second and additional
Please check 9 October 2009 registrants from the same office
DIAMOND Fees include 2-day Main Forum and PE Leaders’ Summit; breakfasts, luncheons, evening receptions and dinner as per the programs; and all conference documents.
Main Forum + PE Leaders’ Summit US$3,495 / HK$27,260 US$2,995 / HK$23,360
PLATINUM Fees include 2-day Main Forum; breakfasts, luncheons, evening receptions and dinner as per the program; and all conference documents.
Main Forum only US$2,995 / HK$23,360 US$2,395 / HK$18,680
GOLD Fees include PE Leaders’ Summit, luncheon and conference documents related to the PE Leaders’ Summit program.
PE Leaders’ Summit only US$795 / HK$6,200 US$695 / HK$5,420
For DIAMOND and PLATINUM registrants only, please check
I plan to attend the Welcome reception on Wednesday, 11 November at the Four Seasons Hotel. Yes No
I plan to attend the Gala cocktail and banquet on Thursday, 12 November at the Four Seasons Hotel. Yes No
/ Registration Details
Please complete your details below in BLOCK CAPITALS or attach your business card.
Mr/Mrs/Ms First name Surname
Job title/position
Company
Address
City Country Post/zip code
Telephone Fax
Email
Please enter my free trial subscription to AVCJ Private Equity Asia AVCJ (Chinese edition)
www.031109
/ Payment Details
I enclose a cheque payable to AVCJ Group Ltd.
I will arrange a bank transfer to HSBC, One Queen’s Road Central, Hong Kong: a/c# 004-502-118953-001 (SWIFT code: HSBCHK HHH KH)
Any bank charges must be prepaid. Please fax a copy of the transfer slip to +(852) 3411 4999 or +(852) 3411 4948
Please charge my credit card: (US$/HK$) Visa MasterCard American Express Note: Credit card payment is subject to a 5% surcharge.
Card No. Expiry Date
Name on Card Signature
Forum Cancellation / Refund Policy: All cancellations must be received in writing prior to 9 October 2009 to qualify for a refund, less a US$300 (or equivalent) cancellation fee. There will be
no refunds to any cancellations received after 9 October 2009. This policy is necessary due to our advance guaranty obligations and the costs associated with administering the conference.
Forum Confirmed Registrations: Only paid registrations will be confirmed and must be received by 4 November 2009 for registrants to be included on the Official Delegate List which
is posted at the forum.
/ Venue and Accommodation
Four Seasons Hotel
8 Finance Street, Central, Hong Kong / Tel : +(852) 3196 8357 / Fax : +(852) 3196 8330 / Email: groupres.hkg@fourseasons.com
Room Availability:
A limited number of rooms have been reserved at a special rate for conference delegates. Please contact the hotel directly to book your room and quote the
number 111009AVC to qualify for the special AVCJ Forum rate.
• Deluxe Peak view Room HK$3,200 per night • Deluxe Harbour View Room HK$3,500 per night
(Above room rates subject to hotel availability. Service charge is not included. Please note that the hotel will confirm room bookings directly with each registrant.)
Room Cancellation: To cancel your room reservation, please contact the hotel directly with a minimum of 14 days notification. A late cancellation or “no show” penalty of a one night charge (including 10% service
charge) will be automatically posted to the individual credit card by the hotel.
All information in this brochure is correct at the time of printing. The organiser reserves the right to amend any details due to unforeseen circumstances.