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O Summit Latino-americano de Private Equity e Venture Capital.

O Summit Latino-americano de Private Equity e Venture Capital.

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SuperReturn Latin America SuperReturn Latin America Document Transcript

  • From The LP saProducers of: tte 120 2nd Annual nd + Free for ed Book by Foundations, in 10th February Endowments, Acesso livre 20 Faça a sua para Fundações, 11 and save inscrição até Pension Funds & SWFs Subject to Doações, Fundos ! $700 10 de fevereiro e economize verification de Pensão e Fundos Soberanos $700 (Inscrição sujeita a verificação) www.superreturnlatam.com The Pan-Latin American Private Equity & Venture Capital Summit O Summit Latino-Americano Sobre Private Equity & Venture Capital Hear From 100+ Speakers Including 70+ LPs: 100+ Outstanding Speakers/ Palestrantes de Referência 70+ LPs & FoFs Troque Experiências com Mais de 100 Palestrantes, Incluindo mais de 70 Investidores: • The Guardian Life Insurance • Partners Group • Werner & Associados Company of America • Siguler Guff • AllState • Oman Investment Fund (tbc) • Prudential Real Estate • Adams Street Partners • Universities Superannuation Investors • Finplan Scheme • IFC • Bancóldex • CPP Investment Board • Cassa Depositi e Prestiti • Fides Asset Management (CPPIB) • Unigestion • Swiss Re Private Equity • BIMCOR • Banco Votorantim Partners • Fondo De Fondos • SEB • Morgan Stanley Alternative • MetLife Investments Latin • Obviam Investment Partners America • Arcano • Capital Dynamics Michael Dymond David Turner Mario Cortés Julie Gray Mauricio da Rocha • VALIA - Fundaçäo Vale • OPIC • Fundación Avina UNIVERSITIES THE GUARDIAN LIFE METLIFE CPP INVESTMENT Wanderley do Rio Doce de Seguridade • TwinFocus Capital Partners • Metrus SUPERANNUATION INSURANCE INVESTMENTS LATIN BOARD (CPPIB) FUNDAÇÃO VALE DO Social • National Holding • Hamilton Lane SCHEME COMPANY OF AMERICA RIO DOCE DE • Hermes GPE • Ocroma Alternative • Paul Capital Partners AMERICA SEGURIDADE • BNDES Investments • Sarona Asset Management SOCIAL • Colfondos • Banif Investment Bank • Mexico Ventures • Fundaçäo Itaú Unibanco • Commonfund Capital • Fundação Real Grandeza • QIC Global Private Equity • Quilvest Group • StepStone Global Network With Industry Titans Including: • ELOS - Fundaçäo Eletrosul • 57 Stars • Robeco Private Equity de Previdëncia e Assistëncia • Granite Capital Management • AlpInvest Faça Networking com os Titãs da Indústria Incluindo: Social • Serasi Capital • BlackRock Private Equity • Profuturo • PECA Partners • Pantheon • CIR Group • Inter-American Development • TNA Gestão Patrimonial • AR Investment Partners Bank • InVita Seguros de Vida y • DEG • QIC Pensiones • Invesco Private Captial Industry Leaders/ Líderes da Indústria • Warburg Pincus • Darby Overseas • Pomona Capital • Oaktree Capital Investments • Brasilagro Charles R. Antonio Howard Marks J. Christopher Fernando Borges Management • Vertex Real Estate Investors • Campo Capital Kaye Bonchristiano OAKTREE CAPITAL Kojima THE CARLYLE • Advent International • Blue Orchard Investments • Telefonica do Brasil WARBURG PINCUS GP INVESTIMENTOS MANAGEMENT GOLDMAN SACHS GROUP • The Carlyle Group • Intel Capital • Center for Global • BTG Pactual • Hedgefort Capital Development • Goldman Sachs • Patrinvest • Preqin • GP Investimentos • Axxon Group • Valor Economico • Pátria Investimentos • Probitas Partners • Escola Superior de • 250+ attendees in 2011 • Mais de 250 participantes em • Vinci Partners • Alta Growth Capital Administraçao e Gestao including 120+ LPs 2011, incluindo mais de 120 • Gávea Investimentos • SinoLatin Capital • Grupo Pegasus • BRZ Investimentos • (ESAGS) FGV • Includes Brazil, Mexico, investidores • Aureos Latin America • Sentient Group Peru, Chile, Argentina & • Incluindo Brasil, México, Peru, Central America Chile, Argentina e América Central Plus! LP Summit Monday 12th March 2012 / Segunda-feira, 12 de março de 2012 25+ Speakers Confirmed Including: Special Guest Speakers Mais de 25 Palestrantes Confirmados Incluindo: Palestrantes Especiais Convidados IFC, PECA, SEB, ARCANO, SIGULER GUFF, CIR GROUP, COMMONFUND CAPITAL, INVESCO PRIVATE CAPITAL, FINPLAN, Pedro Carvalho CAPITAL DYNAMICS, NATIONAL HOLDING, HERMES GPE, OAKTREE de Mello Liliana CAPITAL MANAGEMENT, ADAMS STREET PARTNERS, QIC & more Luís Afonso Lima ESCOLA Rojas-Suarez TELEFONICA SUPERIOR DE CENTER FOR DO BRASIL ADMINISTRAÇAO E GESTAO GLOBAL DEVELOPMENT New! Workshop: (ESAGS) Private Equity As An Asset Class Monday 12th March 2012Sponsors LP Summit: Novo! Workshop: 12th March, 2012 / 12 de Março Main Conference: / Conferência Principal Private Equity como Classe 13-14th March, 2012 de Ativos 13 e 14 de Março 2012 Segunda-feira, 12 de março de 2012 Tivoli Hotel, Sao Paulo, Brazil Led by/ Liderado por: Adalberto Brandão, COO, GVCEPE Conference organised by Scan with ICBI smartphone QR Reader Follow us on App Elemental Paper sourced Chlorine Free from sustainable (ECF) forests
  • DAY 1 – TUESDAY 13TH MARCH 2012 - MAIN CONFERENCE DAY 2 – WEDNESDAY 14TH MARCH 2012 - MAIN CONFERENCE 08.15 Coffee & Registration 08.25 Coffee & Registration 08.35 Chairman’s Opening & Welcome 08.35 Chairman’s Opening & Welcome GLOBAL ECONOMIC ADDRESS GLOBAL VS. PAN-REGIONAL VS. COUNTRY-SPECIFIC FUNDS VS. FUNDS OF FUNDS How Does Turmoil In Advanced Economies And General Uncertainty & What Is The Best Way To Gain Exposure To Latin American Private Equity? What Is The Rationale For 08.45 Investing In Each Type Of Fund & What Is The Trade-Off Between Depth & Breadth? Volatility Affect Economic Prospects In Latin America? Liliana Rojas-Suarez, Economist, Senior Fellow, CENTER FOR GLOBAL DEVELOPMENT 08.45 Moderator: Inés Andrade Moreno, Managing Partner, ALTAMAR PRIVATE EQUITY Federico Schiffrin, Senior Vice President, UNIGESTION BEYOND BRAZIL Mario Cortés, Director, METLIFE INVESTMENTS LATIN AMERICA LP Where Next For International LPs? Which Markets Are Most Attractive & Why? How Will These Paul Karger, Managing Partner, TWINFOCUS CAPITAL PARTNERS Markets Manage An Influx Of Capital & Will Current Investment Trends Be Sustainable? Erwin Quartel, Investment Director, ROBECO PRIVATE EQUITY Michael Dymond, Senior Investment Manager, Private Markets 09.25 UNIVERSITIES SUPERANNUATION SCHEME LP LP LATIN AMERICAN POOLS OF CAPITAL Amin Al-Rashid, Managing Partner, AR INVESTMENT PARTNERS Analysing The Regulatory Changes Enabling Latin American LPs To Invest More Significantly In William Pearce, Director, Investment Funds Private Equity: How Are Peruvian, Colombian & Chilean Investors Responding To The Changing OVERSEAS PRIVATE INVESTMENT CORPORATION (OPIC) 09.15 Environment? What Are The Barriers To Further Investment Into Private Equity Globally? Maninder Saluja, Partner, QUILVEST GROUP Javier Freyre, CEO, INVITA SEGUROS DE VIDA Y PENSIONES Mateo Ossa, Vice-President, Investments, COLFONDOS KEYNOTE ADDRESS Jorge Eduardo Espada Salazar, Risk Manager, PROFUTURO 09.55 Charles R. Kaye, Co-President, WARBURG PINCUS 09.45 KEYNOTE ADDRESS PORTFOLIO COMPANY CASE STUDY Antonio Bonchristiano, Co-Chairman & Co-CEO, GP INVESTIMENTOS One Portfolio Company’s Experience Of Private Equity Investment & Exit? How 10.20 Was Value Added & What Are The Lessons Learned? THE SUPERRETURN LATIN AMERICA DEBATE Eugenio de Zagottis, Commercial Vice-President, DROGA RAIA What Is The Best Way To Gain Exposure To Brazil? How Do You Balance Returns With Liquidity? Each speaker has 5 minutes to make their case, followed by Q&A from the floor. Interviewed by: Vinicius Pinheiro, Reporter, VALOR ECONOMICO The audience will vote to decide the winning strategy: Debate 10.40 Morning Coffee 10.10 – 10.25 Moderator: Mark O’Hare, Managing Director, PREQIN Where Is The “B” In BRIC? Private Equity: Patrice Etlin, Managing Partner, Latin America, ADVENT INTERNATIONAL 10.10 Public Markets: Marc Fogassa, Founder & Managing Partner, HEDGEFORT CAPITAL What Are The Similarities & Differences Between The BRIC Economies? What Are The Long-Term Macroeconomic, Demographic & Geopolitical Trends & How Are The Risks Real Estate: Paulo Roberto Almeida Lima, CEO, PATRINVEST 11.10 Associated With Each Economy Changing? 10.25 – 10.40 Followed by panel discussion and Q&A Pedro Carvalho de Mello, Professor of Economics Patrice Etlin, Managing Partner, Latin America, ADVENT INTERNATIONAL ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) Marc Fogassa, Founder & Managing Partner, HEDGEFORT CAPITAL LP PERSPECTIVES ON THE BRIC ECONOMIES Paulo Roberto Almeida Lima, CEO, PATRINVEST How Are LPs Changing Their Allocations Within The BRIC Economies? How Do They Analyse The 10.40 Morning Coffee GP Environment, Deal Flow, Exit Opportunities & Return Expectations? What Are The Most Important Factors To Consider When Allocating To BRIC Private Equity? BRAZILIAN INVESTOR REGULATIONS LP Moderator: Pedro Carvalho de Mello, Professor of Economics To What Extent Are Regulations Surrounding Brazilian LPs Deterring International Investment 11.50 ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) Into Brazilian Funds? What Does This Mean For Brazilian Private Equity & What Will Be The Lokendra Jain, Investment Director, OMAN INVESTMENT FUND (tbc) Driver Of Change In The Way Local LPs Invest? Brian Lim, Principal, PANTHEON Moderator: Otávio Vieira, Partner, FIDES ASSET MANAGEMENT Nicolas Drapeau, Director, Private Markets, BIMCOR 11.00 LP Carlos Augusto F. de Carneiro, Portfolio Manager, BNDES J. Christopher Kojima, Managing Director, Head of Alternative Investments & Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) Manager Selection, GOLDMAN SACHS Mauricio da Rocha Wanderley, CIO FUNDAÇÃO VALE DO RIO DOCE DE SEGURIDADE SOCIAL Gabriel Amado de Moura, Director of Investments, FUNDAÇÃO ITAÚ UNIBANCO INTERACTIVE POLLING PANEL 12.20 Where Are The Big Opportunities In & What Are The Potential Threats To MID MARKET Latin American Private Equity? Is The Real Opportunity In The Mid Market? How Is Increased Competitiveness In This Segment Impacting The Return Potential? How Are Innovative Firms Sourcing The Best Deals? 11.30 Moderator: Malcolm McLelland, Director - Research and Analytical Services, EQUILIBRIO CAPITAL BRASIL Lunch - Plus! ‘Meet The LP’ Lunch Tables Alexandre Saigh, Managing Partner & Head of Private Equity, PÁTRIA INVESTIMENTOS Sign up to share lunch and informal conversation with LPs & VIP Speakers, including: Erik Peterson, Regional Managing Partner, AUREOS LATIN AMERICA Michael Dymond, Senior Investment Manager, Private Markets, UNIVERSITIES SUPERANNUATION SCHEME Jose Fernandez, Managing Director, STEPSTONE GLOBAL Mateo Ossa, Vice-President, Investments, COLFONDOS, Rene Werner, Partner, WERNER & ASSOCIADOS 13.00 Amin Al-Rashid, Managing Partner, AR INVESTMENT PARTNERS, Nicolas Drapeau, Director, Private Markets, BIMCOR BRAZIL MACROECONOMIC ADDRESS Plus! VIP Hosted Tables Pedro Carvalho de Mello, Professor of Economics, ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) Is The Current Strong Growth Of The Brazilian Economy Ultimately Sustainable? Liliana Rojas-Suarez, Economist, Senior Fellow, CENTER FOR GLOBAL DEVELOPMENT 12.00 Examining Volatility In Inflation & Interest Rates, Currency Valuation & Capital Flows: How Dependent Is Brazil On The Asian Growth Story & What Would Happen If Asian Growth Slows? STREAM A - Country Clinics STREAM B - Business Issues - Stream Chair Luís Afonso Lima, Chief Economist, Finance Director, TELEFONICA DO BRASIL Duncan Littlejohn, PAUL CAPITAL PARTNERS Delegate Quickfire Showcase LP BRAZILIAN LPS 12.40 In this informal session, delegates will have 90 seconds to promote their fund to a panel of LPs without MEXICO Where Do Brazilian LPs See The Next using fund data, statistics or overt comparisons to other funds. Our expert LP judging panel give each Opportunities In Private Equity? How Do They Select delegate a score out of 10 for content, style and presentation and the winner receives a fabulous prize. Benefitting From Proximity To The U.S. While Side-Stepping Issues Around Security: Where Can Firms Managers, & Who Will They Invest With? What Returns Do Local LPs Expect From Brazilian Private Equity? Lunch - Plus! ‘Meet The LP’ Lunch Tables Add Value & Generate Alpha In the Market? Roberto Luiz Corrêa da FonsecaTNA 14.30 Mario Cortés, METLIFE INVESTMENTS LATIN AMERICA Sign up to share lunch and informal conversation with LPs & VIP Speakers: Felipe Vilá, CORPORACIÓN MEXICANA DE GESTÃO PATRIMONIAL Otávio Vieira, Partner, FIDES ASSET MANAGEMENT Mauricio da Rocha Wanderley, FUNDAÇÃO VALE 13.00 Carlos Augusto F. de Carneiro, Portfolio Manager, BNDES INVERSONES DE CAPITAL (FONDO DE FONDOS) Jaime Sánchez Cortina, MEXICO VENTURES DO RIO DOCE DE SEGURIDADE SOCIAL Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) Clarisse Heck Machado Plus! VIP Hosted Table Scott McDonough, ALTA GROWTH CAPITAL FUNDAÇÃO REAL GRANDEZA Luís Afonso Lima, Chief Economist, Finance Director, TELEFONICA DO BRASIL Fabio Mazzeo, METRUS STREAM A - Sectors & Asset Classes STREAM B - Business Issues COLOMBIA: THE NEXT HOT Stream Chair: Mark O’Hare, PREQIN MARKET IN PRIVATE EQUITY STRUCTURING BRAZILIAN FUNDS How Will Colombia Absorb Increased Capital Inflows? What Are The Options For Structuring Funds With How Limiting Is The Size Of The Market & At What Point THE TREND TOWARDS SECTOR SPECIFIC FUNDS Brazilian & International LPs? How Do You Avoid Is The Latin American Private Equity Market Mature ADDING VALUE 15.00 Does The Boom Become Unsustainable? Where Are The Conflicts Of Interest & How Are Fund Terms & Investible Assets & Where Will Value Be Found? Enough To Sustain Sector Specific Funds? How Easy Is It For Managers To Add Value To Portfolio Moderator: Diego Lozano, CAMPO CAPITAL Conditions Evolving? 14.15 Which Sectors Support Specific Funds & How Does Companies In Latin America? What Does Private Equity Maria Cristina Albarracin Roldan, BANCÓLDEX Silvia Bugelli, ALMEIDA BUGELLI E VALENÇA The Risk/Return Profile Compare With That Of Bring To The Table & What Is The Scope For Mateo Ossa, COLFONDOS ADVOGADOS ASSOCIADOS Generalist Funds? Regionalisation? Diego Serebrisky, ADVENT INTERNATIONAL Christopher Meyn, GÁVEA INVESTIMENTOS LIQUIDITY ARGENTINA: THE ONE TO WATCH? How Effective Is The Secondaries Market At Providing Liquidity ENERGY & NATURAL RESOURCES FUNDS OF FUNDS What Efforts Is The Argentine Government Making To Private Investments In Latin America? A Comparison Of Opportunities In Energy & What Niche Are Funds Of Funds Finding In Latin America? To Encourage Foreign Investment Back Into The What Are The Current Trends & Why? Natural Resources In The Various Latin American What Justification Do They Provide For An Extra Layer Of Country? Balancing Political & Macroeconomic Risk Moderator: Michael McCabe, STEPSTONE GLOBAL Markets: How Does Private Equity Get Access To 15.30 Fees? With Competitive Valuations, How Should Investors James Rorer, POMONA CAPITAL 14.45 These Opportunities & Are The Risks Appropriate For Jonathan Costello, MORGAN STANLEY ALTERNATIVE The Asset Class? Steve Cowan, 57 STARS Approach This Large Market? INVESTMENT PARTNERS Luiz Armando Sedrani, BANCO VOTORANTIM Gerhard Pries, SARONA ASSET MANAGEMENT Federico Schiffrin, UNIGESTION Duncan Littlejohn, PAUL CAPITAL PARTNERS Erik Bethel, SINOLATIN CAPITAL Arslan Mian Jerónimo Bosch, GRUPO PEGASUS Chris Perriello, ALPINVEST PARTNERS Ben McKeown, SENTIENT GROUP BLACKROCK PRIVATE EQUITY PARTNERS 16.00 Afternoon Tea - Plus LP/GP Structured Speed Networking REAL ESTATE Fundraising Where Are The Best Real Estate Opportunities In Latin STREAM B - Latin America On The Ground’ America? Who Is Active In This Asset Class & Where FUNDRAISING OUTLOOK STREAM A - Country Clinics Cont. Knowledge-Share Sessions Does Latin American Real Estate Fit In An Examining The Bifurcation Of Managers: Who Will Raise 15.15 Alternatives Portfolio? Funds Easily & Why? What Happens To The Rest? BRAZIL: WHERE ARE THE BEST OPPORTUNITIES? A series of small workshop groups focusing on topics facing Latin Adrián Aguilera, VERTEX REAL ESTATE INVESTORS Mark O’Hare, PREQIN Where Are The Key Opportunities In Brazil & What American managers & their investors. The sessions Pedro Barcos Strategies Have Been Successful In Maximising These? deal with the ‘how to’ of structuring deals and dealing with PRUDENTIAL REAL ESTATE INVESTORS How Might The Brazilian Macroeconomic Environment specific issues around private equity in Latin America. Paulo Roberto Almeida Lima, PATRINVEST Change Private Equity Investments In The Coming Future? 1. INSTITUTIONALISATION OF FAMILY BUSINESSES 16.40 15.45 Afternoon Tea Ricardo Fernandez Jr, HAMILTON LANE What Does Private Equity Bring To Family Businesses? How Do Nicolas Wollak, AXXON GROUP Firms Source Deals & Gain Access, & What Are The Strategies RENEWABLES For Professionalisation, Growth & Dealing With Generational ESG Carlos Piani, VINCI PARTNERS Where In The Renewables Sector Are The Investible The Evolution Of Socially Responsible Investing & ESG. Fernando Borges, THE CARLYLE GROUP Change? Assets For Private Equity? How Are Government Rene Werner, WERNER & ASSOCIADOS What Are The Drivers Of This Trend & What Do LPs Sidney Chameh, ABVCAP Incentives Changing In The Various Jurisdictions? 16.10 Ricardo Pedrosa, BANIF INVESTMENT BANK Expect From GPs In Terms Of Governance, 2. POOL OF TALENT Transparency & Information? FIRST TIME FUNDS How Are Challenges Overcome In Sourcing, Retaining & Rogério Brenand Pazzim Incentivising The Very Best Portfolio Company Managers? ELOS - FUNDAÇÃO ELETROSUL DE PREVIDÊNCIA E Stephen Fischer, BLUE ORCHARD INVESTMENTS How Does A First Time Fund Attract The Interest Of LPs? Joachim Schumacher, DEG How Does The Performance Of First Time Funds ASSISTÊNCIA SOCIAL 3. CURRENCIES Compare With That Of More Established Firms? How Do Managers Deal With Currency Volatility While INFRASTRUCTURE IN BRAZIL 17.10 Moderator: Lynn Baranski, BLACKROCK Delivering A Sustainable Return To Investors? What Opportunities Are Becoming Available Linked To PRIVATE EQUITY PARTNERS The Large Upcoming Sporting Events? Is There More To Adele Tilebalieva, OBVIAM 4. TAX REGIMES Brazilian Infrastructure Than The Olympics? How Open Is Joachim Schumacher, DEG Comparing Changing Tax & Regulatory Regimes In CASE STUDY ON IMPACT INVESTING The Government To Enabling Foreign Investment In Susana Garcia-Robles Latin American Jurisdictions: What Do LPs & GPs 16.40 Infrastructure To Generate Appropriate Returns? How Is Impact Measured & What Are Appropriate MIF, INTER-AMERICAN DEVELOPMENT BANK Need To Be Aware Of? Moderator: Ricardo Pedrosa Return Expectations? BANIF INVESTMENT BANK Maria Cavalcanti, FUNDACIÓN AVINA 17.40 - Sector Specific Champagne Roundtable Discussions - See page 8 for details Eduardo Farhat, DARBY OVERSEAS INVESTMENTS 18.40 Renato Mazzola, BTG PACTUAL 18.00 Allan Haddid, BRZ INVESTIMENTOS - Gala Networking Reception 19.30 17.10 End of Conference 19.30 End of Day One2 See page 6 for key to symbols
  • PRIMEIRO DIA - TERÇA-FEIRA, 13 DE MARÇO DE 2012 SEGUNDO DIA - QUARTA-FEIRA, 14 DE MARÇO DE 201208.15 Café e Credenciamento 08.25 Café e Credenciamento08.35 Boas vindas e abertura do presidente de mesa 08.35 Boas vindas e abertura do presidente de mesa FUNDOS GLOBAIS x FUNDOS PAN-REGIONAIS x FUNDOS LOCAIS x FUNDOS DE FUNDOS CONSIDERAÇÕES SOBRE A ECONOMIA GLOBAL Qual a Melhor Forma de Conquistar Exposição em Private Equity na América Latina? Quais as Razões08.45 Como a Situação Tumultuada nas Economias Avançadas, a Incerteza Geral e a Volatilidade Podem para se Investir em cada tipo de Fundo? Quais os Prós e Contras do Aprofundamento e da Amplitude? Afetar as Perspectivas Econômicas na América Latina? Moderador: Inés Andrade Moreno, Managing Partner, ALTAMAR PRIVATE EQUITY Liliana Rojas-Suarez, Economist, Senior Fellow, CENTER FOR GLOBAL DEVELOPMENT 08.45 Federico Schiffrin, Senior Vice President, UNIGESTION Mario Cortés, Director, METLIFE INVESTMENTS LATIN AMERICA LP ALÉM DO BRASIL Para Onde os Investidores Internacionais Devem Caminhar? Quais os Mercados mais LP Paul Karger, Managing Partner, TWINFOCUS CAPITAL PARTNERS Erwin Quartel, Investment Director, ROBECO PRIVATE EQUITY Atraentes e Por quê? Como Esses Mercados Irão Lidar com a Entrada de Capital? E ainda, as Tendências Atuais de Investimentos Serão Sustentáveis? LP RESERVAS LATINO AMERICANAS09.25 Michael Dymond, Senior Investment Manager, Private Markets Analise as Mudanças Regulatórias que Permitem que LPs Latino Americanos Invistam de Forma mais UNIVERSITIES SUPERANNUATION SCHEME Significativa em Private Equity: Como Investidores do Peru, Colômbia e Chile Estão Reagindo ao Ambiente Amin Al-Rashid, Managing Partner, AR INVESTMENT PARTNERS 09.15 em Transformação? Quais São as Barreiras Existentes para Investimento em Private Equity Globalmente? William Pearce, Director, Investment Funds,OVERSEAS PRIVATE INVESTMENT CORPORATION (OPIC) Javier Freyre, CEO, INVITA SEGUROS DE VIDA Y PENSIONES Maninder Saluja, Partner, QUILVEST GROUP Mateo Ossa, Vice-President, Investments, COLFONDOS CONSIDERAÇÕES DO KEYNOTE SPEAKER Jorge Eduardo Espada Salazar, Risk Manager, PROFUTURO09.55 Charles R. Kaye, Co-President, WARBURG PINCUS CONSIDERAÇÕES DO KEYNOTE SPEAKER 09.45 Antonio Bonchristiano, Co-Chairman & Co-CEO, GP INVESTIMENTOS ESTUDO DE CASO DE UMA EMPRESA DE PORTFÓLIO Conheça a Experiência do CEO de uma Empresa de Portfólio com o Private Equity e Saída de bate De DEBATE SUPERRETURN LATIN AMERICA10.20 Investimento. Como Foi Possível Agregar Valor ao Negócio e Quais as Lições Aprendidas? Qual a Melhor Forma de se Ganhar Exposição no Brasil? Como Equalizar Retornos com Liquidez? Eugenio de Zagottis, Commercial Vice-President, DROGA RAIA Cada palestrante terá 5 minutos para apresentar seu estudo de caso, com posterior espaço para Entrevistado por: Vinicius Pinheiro, Reporter, VALOR ECONOMICO perguntas e respostas. A audiência irá eleger a estratégia vencedora:10.40 Coffee Break da Manhã 10.10 – 10.25 Moderator: Mark O’Hare, Managing Director, PREQIN Private Equity: Patrice Etlin, Managing Partner, Latin America, ADVENT INTERNATIONAL Onde Está o “B” no BRIC? 10.10 Mercado de Ações: Marc Fogassa, Founder & Managing Partner, HEDGEFORT CAPITAL Quais São as Principais Similaridades e Diferenças entre as Economias do BRIC? Qual é o Cenário Imobiliário: Paulo Roberto Almeida Lima, CEO, PATRINVEST11.10 Macroeconômico no Longo Prazo? Quais São as Tendências Demográficas e Geopolíticas? E Quais São os Riscos Associados a Cada Mudança Econômica? 10.25 – 10.40 Na sequência, painel de discussões e perguntas e respostas Pedro Carvalho de Mello, Professor of Economics Patrice Etlin, Managing Partner, Latin America, ADVENT INTERNATIONAL ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) Marc Fogassa, Founder & Managing Partner, HEDGEFORT CAPITAL Paulo Roberto Almeida Lima, CEO, PATRINVEST PERSPECTIVAS PARA OS INVESTIDORES NAS ECONOMIAS DO BRIC Como os Investidores Estão Mudando Suas Estratégias de Alocação Entre as Economias do BRIC? 10.40 Coffee Break da Manhã De que Forma Eles Analisam o Ambiente dos Gestores, Fluxo de Negociação, Oportunidades de Saídas de Investimento e Expectativas de Retorno? Quais os Fatores mais Importantes no Momento da REGULAÇÃO IMPOSTA AOS INVESTIDORES BRASILEIROS Alocação em Private Equity no BRIC? Até que Ponto as Regulações Impostas aos Investidores Brasileiros Estão Inibindo o Investimento11.50 LP Moderator: Pedro Carvalho de Mello, Professor of Economics ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) Internacional em Fundos Brasileiros? O que Isso Significa para o Private Equity Brasileiro e O que Motivará os LPs Locais a Mudarem Sua Maneira de Investir? Lokendra Jain, Investment Director, OMAN INVESTMENT FUND (tbc) Brian Lim, Principal, PANTHEON 11.00 LP Moderador: Otávio Vieira, Partner, FIDES ASSET MANAGEMENT Carlos Augusto F. de Carneiro, Portfolio Manager, BNDES Nicolas Drapeau, Director, Private Markets, BIMCOR Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) J. Christopher Kojima, Managing Director, Head of Alternative Investments & Mauricio da Rocha Wanderley, CIO Manager Selection, GOLDMAN SACHS FUNDAÇÃO VALE DO RIO DOCE DE SEGURIDADE SOCIAL Gabriel Amado de Moura, Director of Investments, FUNDAÇÃO ITAÚ UNIBANCO PAINEL ELETRÔNICO DE VOTAÇÃO MID MARKET12.20 Onde Estão as Grandes Oportunidades e Quais são as Potenciais Ameaças para o As Reais Oportunidades Estão Mesmo no Mid Market? De que Forma a Competitividade Cada Vez Mais Private Equity na América Latina? Intensa Neste Segmento Está Impactando o Potencial de Retorno? Como as Empresas Inovadoras Estão 11.30 Despontando como os Melhores Negócios? Moderador: Malcolm McLelland, Director, Research & Analytical Services, EQUILIBRIO CAPITAL BRASIL Almoço - Mesas de almoço temáticas: “Encontro com o Investidor” Alexandre Saigh, Managing Partner & Head of Private Equity, PÁTRIA INVESTIMENTOS Faça sua inscrição para almoçar e ter um bate-papo informal com os seguintes investidores e palestrantes VIP: Erik Peterson, Regional Managing Partner, AUREOS LATIN AMERICA Michael Dymond, Senior Investment Manager, Private Markets, UNIVERSITIES SUPERANNUATION SCHEME Jose Fernandez, Managing Director, STEPSTONE GLOBAL13.00 Mateo Ossa, Vice-President, Investments, COLFONDOS, Rene Werner, Partner, WERNER & ASSOCIADOS Amin Al-Rashid, Managing Partner, AR INVESTMENT PARTNERS, Nicolas Drapeau, Director, Private Markets, BIMCOR CONSIDERAÇÕES SOBRE A MACROECONOMIA NO BRASIL Mesas de Almoço VIP Será que o Crescimento Intenso da Economia Brasileira É Realmente Sustentável? De que Forma o País é Pedro Carvalho de Mello, Professor of Economics, ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) 12.00 Dependente do Crescimento Asiático e o que Aconteceria se a Ásia Sofresse com a Desaceleração Liliana Rojas-Suarez, Economist, Senior Fellow, CENTER FOR GLOBAL DEVELOPMENT Considerando a Volatilidade na Inflação e Taxas de Juros, Valorização do Câmbio e Fluxos de Capital? SESSÃO B - Foco nos Negócios - Stream Chair Luís Afonso Lima, Chief Economist, Finance Director, TELEFONICA DO BRASIL SESSÃO A - Country Clinics Duncan Littlejohn, PAUL CAPITAL PARTNERS Delegate Quickfire Showcase LP INVESTIDORES BRASILEIROS Nesta sessão informal, os participantes terão 90 segundos para promover seu fundo a um painel de investidores 12.40 Onde os LPs Brasileiros Vêm Enxergando Oportunidades de sem utilizar dados do fundo, estatísticas ou comparações com outros fundos. Nosso júri de investidores dará a cada MÉXICO Negócios no Private Equity? Como eles Escolhem seus participante uma nota que vale até 10 para o conteúdo, o estilo e a apresentação. O vencedor levará um prêmio incrível Como Tirar Proveito da Proximidade dos Estados Unidos Gestores e Com quem Costumam Investir? Quais Retornos Enfrentando Desafios na Segurança: Onde As Empresas os Investidores Esperam do Private Equity no Brasil? Almoço - Mesas de almoço temáticas: “Encontro com o Investidor” Podem Gerar Valor e Retornos Superiores neste Mercado? Roberto Luiz Corrêa da Fonseca, TNA Faça sua inscrição para almoçar e ter um bate-papo informal com os seguintes investidores e palestrantes VIP:14.30 Mario Cortés, METLIFE INVESTMENTS LATIN AMERICA GESTÃO PATRIMONIAL Otávio Vieira, Partner, FIDES ASSET MANAGEMENT Felipe Vilá, CORPORACIÓN MEXICANA DE Mauricio da Rocha Wanderley, FUNDAÇÃO VALE 13.00 Carlos Augusto F. de Carneiro, Portfolio Manager, BNDES INVERSONES DE CAPITAL (FONDO DE FONDOS) DO RIO DOCE DE SEGURIDADE SOCIAL Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) Jaime Sánchez Cortina, MEXICO VENTURES Clarisse Heck Machado, FUNDAÇÃO REAL Mesas de Almoço VIP Scott McDonough, ALTA GROWTH CAPITAL GRANDEZA Luís Afonso Lima, Chief Economist, Finance Director, TELEFONICA DO BRASIL Fabio Mazzeo, METRUS SESSÃO B - Negócios em Foco SESSÃO A - Setores e Classes de Ativos Stream Chair: Mark O’Hare, PREQIN COLÔMBIA: UM MERCADO QUE COMEÇA A SE AQUECER NO PRIVATE EQUITY ESTRUTURANDO FUNDOS BRASILEIROS Quais São as Opções para Estruturação de Fundos TENDÊNCIA EM FUNDOS SETORIAIS Como a Colômbia Irá Absorver o Aumento de Entrada de AGREGANDO VALOR com Investidores Brasileiros e Estrangeiros? Como Será que o Mercado Latino Americano Está Maduro o Capital? De que Forma o Tamanho do Mercado Pode Ser um Qual o Grau de Facilidade para que os Gestores Agreguem15.00 Limite e em Que Ponto o Boom Ficará Insustentável? Evitar Conflitos de Interesse e Quais São os Suficiente para Sustentar os Fundos Setoriais e Como 14.15 Valor às Empresas de Portfólio na America Latina? Moderator: Diego Lozano, CAMPO CAPITAL Termos e Condições Envolvidos nos Fundos? Comparar Risco e Retorno nesses Fundos com os O que O Private Equity Traz para o Cenário e Qual é o Maria Cristina Albarracin Roldan, BANCÓLDEX Silvia Bugelli, ALMEIDA BUGELLI E VALENÇA Fundos de Perfil Mais Generalista? Escopo da Regionalização? Mateo Ossa, COLFONDOS ADVOGADOS ASSOCIADOS Christopher Meyn, GÁVEA INVESTIMENTOS Diego Serebrisky, ADVENT INTERNATIONAL ENERGIA E RECURSOS NATURAIS FUNDOS DE FUNDOS ARGENTINA: SERÁ QUE VALE A PENA? LIQUIDEZ Comparativo das Oportunidades em Energia e Em Quais Nichos os Fundos de Fundos Estão Focando Que Esforços o Governo Argentino Tem Feito para Como os Mercados Secundários Podem Ser Efetivos na Oferta Recursos Naturais nos Diversos Mercados da América na America Latina? Como Eles Justificam as Taxas Extras Atrair o Investimento Estrangeiro de Volta ao País? de Liquidez em Investimentos Privados na América Latina? Latina: Como o Private Equity Pode Aproveitar essas Quais São as Tendências mais Atuais e Por quê? que São Cobradas? Como os Investidores Devem Se Aproximar deste 14.45 Oportunidades e Será que os Riscos São Apropriados Moderador: Michael McCabe, STEPSTONE GLOBAL a esta Classe de Ativos? Steve Cowan, 57 STARS15.30 Mercado Tão Grande Considerando o Balanceamento James Rorer, POMONA CAPITAL Gerhard Pries, SARONA ASSET MANAGEMENT entre Política, Risco do Ponto de Vista Luiz Armando Sedrani, BANCO VOTORANTIM Jonathan Costello, MORGAN STANLEY ALTERNATIVE Erik Bethel, SINOLATIN CAPITAL Arslan Mian Macroeconômico e Valuations Competitivos? INVESTMENT PARTNERS Ben McKeown, SENTIENT GROUP BLACKROCK PRIVATE EQUITY PARTNERS Federico Schiffrin, UNIGESTION Duncan Littlejohn, PAUL CAPITAL PARTNERS Jerónimo Bosch, GRUPO PEGASUS Chris Perriello, ALPINVEST PARTNERS IMOBILIÁRIO Fundraising16.00 Coffee Break da Tarde - Extra! Speed Networking com GPs e LPs Quais as Melhores Oportunidades em Real Estate na PANORAMA DO FUNDRAISING América Latina? Quem se Destaca nesta Classe de Uma Análise sobre a Divisão de Gestores: Quem Irá SESSÃO B - Sessão ‘On The Ground’ América Ativos e Onde o Real Estate Latino Americano se SESSÃO A - Continuação - Country Clinics Latina: Compartilhe seus Conhecimentos Levantar Fundos Mais Facilmente e Por quê? 15.15 Encaixa em um Portfólio? Adrián Aguilera, VERTEX REAL ESTATE INVESTORS O que Acontece com o Resto? BRASIL: ONDE ESTÃO AS MELHORES Série de pequenos workshops focados nos tópicos que mais Mark O’Hare, PREQIN afetam os gerstores de private equity na América Latina e seus Pedro Barcos OPORTUNIDADES? PRUDENTIAL REAL ESTATE INVESTORS Quais São as Melhores Oportunidades no Brasil e Quais São investidores. As sessões abordarão o "como fazer" na estruturação de negociações e com questões específicas Paulo Roberto Almeida Lima, PATRINVEST as Estratégias Mais Eficientes para Maximizar o Sucesso? Como as Mudanças no Ambiente Macroeconomico Brasileiro relacionadas ao private equity na América Latina. 15.45 Coffee Break da Tarde16.40 Podem Mudar o Investimento em Private Equity no Futuro? 1. INSTITUCIONALIZAÇÃO DAS EMPRESAS FAMILIARES Ricardo Fernandez Jr, HAMILTON LANE O que o Private Equity Pode Agregar às Empresas Familiares? RENOVÁVEIS SUSTENTABILIDADE, RESPONSABILIDADE Nicolas Wollak, AXXON GROUP Como essas Empresas Podem Render Bons Negócios e Quais De que Forma o Setor de Energias Renováveis se SOCIAL E AMBIENTAL Carlos Piani, VINCI PARTNERS as Estratégias para Profissionalização, Crescimento e para se Configura como um Ativo Interessante para o Private A Evolução do Investimento Socialmente Responsável e Lidar com a Sucessão Na Gestão? Equity? Como os Incentivos Governamentais têm Mudado Sustentável. Quais São os Motivadores dessas Tendências e Fernando Borges, THE CARLYLE GROUP 16.10 nos Países da América Latina? Sidney Chameh, ABVCAP Rene Werner, WERNER & ASSOCIADOS o Que os Investidores podem Esperar dos Gestores em Ricardo Pedrosa, BANIF INVESTMENT BANK 2. POOL DE TALENTOS Rogério Brenand Pazzim, ELOS - Termos de Governança, Transparência e Informação? FUNDOS INICIANTES Como Superar Desafios no Recrutamento, Retenção e Incentivo Stephen Fischer, BLUE ORCHARD INVESTMENTS Como um Fundo que Está Iniciando Pode Atrair o Interesse dos Melhores Profissionais de Nível Gerencial nas Empresas? FUNDAÇÃO ELETROSUL DE PREVIDÊNCIA E ASSISTÊNCIA SOCIAL Joachim Schumacher, DEG dos Investidores? Como Estabelecer uma Comparação 3. CÂMBIO entre o Desempenho de um Fundo Iniciante e de uma De que Maneira os Gestores Conseguem Lidar com a INFRAESTRUTURA NO BRASIL Empresa com maior Experiência? Volatilidade do Cambio e ao Mesmo Tempo Entregar Retornos Quais as Oportunidades que Estão Surgindo em17.10 Moderator: Lynn Baranski, BLACKROCK Sustentáveis a seus Investidores? Decorrência dos Grandes Eventos Esportivos que Irão PRIVATE EQUITY PARTNERS Acontecer? Essas Oportunidades Irão Além dos Jogos 4. REGIMES TRIBUTÁRIOS Olímpicos? Como o Governo Está Aberto para Permitir o ESTUDO DE CASO SOBRE O IMPACTO DO Adele Tilebalieva, OBVIAM Como Estabelecer uma Comparação entre as Mudanças de INVESTIMENTO Investimento Estrangeiro e Gerar os Retornos Mais Joachim Schumacher, DEG Regimes Tributários e Regulatórios nos Países da América 16.40 Apropriados? Como Mensurar o Impacto e Quais São as Susana Garcia-Robles Latina: Sobre Quais Pontos Investidores e Gestores Devem Expectativas de Retorno Mais Apropriadas? Moderador: Ricardo Pedrosa Maria Cavalcanti, FUNDACIÓN AVINA MIF, INTER-AMERICAN DEVELOPMENT BANK Ficar Atentos? BANIF INVESTMENT BANK17.40 Eduardo Farhat, DARBY OVERSEAS INVESTMENTS -18.40 Mesas Redondas Setoriais com Champanhe - Veja a Página 8 Para Obter Mais Detalhes Renato Mazzola, BTG PACTUAL18.00 Allan Haddid, BRZ INVESTIMENTOS -19.30 Coquetel e Networking 17.10 Fim da Conferência19.30 Encerramento do Primeiro Dia Legendas para os símbolos na página 6 3
  • LP SUMMIT - MONDAY 12TH MARCH 2012 LP SUMMIT: SEGUNDA-FEIRA, 12 DE MARÇO DE 2012 08.30 Registration & Morning Coffee 08.30 Café da Manhã e Credenciamento 08.50 Boas vindas e abertura do presidente de mesa 08.50 Chairman’s Opening & Welcome VISÕES DO INVESTIDOR SOBRE A AMÉRICA LATINA LP VIEWS ON LATIN AMERICA Qual é a Hora Certa para se Entrar na América Latina? Como os Investidores Podem Obter o When Is The Right Time To Enter Latin America? How Can Investors Make the Most From Long- Melhor de Tendências de Longo e Curto Prazo e Quais os Setores Mais Interessantes? & Short-Term Trends & Which Sectors Do LPs Find Most Interesting? 09.00 Moderador: Delaney Brown, Head of the Americas, HERMES GPE 09.00 Moderator: Delaney Brown, Head of the Americas, HERMES GPE Ralph Keitel, Principal Investment Officer, IFC Ralph Keitel, Principal Investment Officer, IFC Anslem Adams, Director, Senior PE Portfolio Manager, PECA Anslem Adams, Director, Senior PE Portfolio Manager, PECA Emilio Dauvin, Director, Private Equity, SEB Emilio Dauvin, Director, Private Equity, SEB ACESSO AO MERCADO LATINO AMERICANO ACCESSING THE LATIN AMERICAN MARKET Qual a Melhor Maneira de se Conseguir Acesso ao Mercado Latino Americano que Ainda Carece de What Is The Best Way To Gain Access To A Market That Still Lacks Depth? How Should LPs Approach Aprofundamento? Como os Investidores Devem Abordar as Questões a Respeito de Repertório, Issues Around Track Record, Team Stability, & Concerns Around About An Overheating Economy? Estabilidade de Equipes e Preocupações sobre o Superaquecimento da Economia? 09.30 Moderator: Philippe Roesch, Private Equity Advisor 09.30 Moderador: Philippe Roesch, Private Equity Advisor Sven Söderblom, Partner, ARCANO Sven Söderblom, Partner, ARCANO Leonardo Ribeiro, Founding Partner, OCROMA ALTERNATIVE INVESTMENTS Leonardo Ribeiro, Founding Partner, OCROMA ALTERNATIVE INVESTMENTS Pat Dinneen, Managing Director, SIGULER GUFF & COMPANY Pat Dinneen, Managing Director, SIGULER GUFF & COMPANY Delaney Brown, Head of the Americas, HERMES GPE Delaney Brown, Head of the Americas, HERMES GPE Due Diligence Due Diligence DUE DILIGENCE DUE DILIGENCE Due Diligence Best Practice: How Can LPs Be Resourceful When Performing Melhores Práticas em Due Diligence: Como os Investidores Podem Obter Recursos para a Realização Due Diligence On Latin American Funds? What Are Recent Lessons Learned? de Due Diligence nos Fundos Latino Americanos? Quais as Mais Recentes Lições Aprendidas? 10.00 David Turner, Managing Director & Head of Private Equity 10.00 David Turner, Managing Director & Head of Private Equity THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA Christian Coco, Investment Director, CIR GROUP Christian Coco, Investment Director, CIR GROUP Scott Higbee, Partner & Head of Americas, PARTNERS GROUP Scott Higbee, Partner & Head of Americas, PARTNERS GROUP Stephen Whatmore, Principal, QIC Stephen Whatmore, Principal, QIC KEYNOTE ADDRESS CONSIDERAÇÕES DO KEYNOTE SPEAKER 10.30 10.30 Howard Marks, Chairman, OAKTREE CAPITAL MANAGEMENT Howard Marks, Chairman, OAKTREE CAPITAL MANAGEMENT 11.00 Morning Coffee 11.00 Coffee Break da Manhã SUPERRETURN LATIN AMERICA LP INTERVIEW SUPER RETURN LATIN AMERICA – ENTREVISTA COM O INVESTIDOR 11.30 David Turner, Managing Director & Head of Private Equity 11.30 David Turner, Managing Director & Head of Private Equity THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA PERFORMANCE DESEMPENHO 12.00 Analysing Performance Of Latin American Private Equity: How Do The Returns Appear 12.00 Uma Análise do Desempenho do Private Equity na América Latina: Como São os Retornos As Compared To Other Asset Classes? na Comparação com Outras Classes de Ativos? Kelly DePonte, Partner, PROBITAS PARTNERS Kelly DePonte, Partner, PROBITAS PARTNERS LP VIEWS ON FUNDRAISING VISÃO DO INVESTIDOR SOBRE O FUNDRAISING The 10 Things To Remember About LPs When Fundraising: LPs Give A Truthful Account Of Common As 10 Coisas Mais Importantes sobre Fundraising: Investidores Fazem um Honesto Relato sobre os Erros 12.20 & Less Common Mistakes Made By GPs On The Fundraising Circuit: Listen & Learn! 12.20 Mais Comuns e Incomuns Cometidos pelos Gestores no Circuito de Fundraising: Confira e Aprenda! Moderator: Amit Tiwari, Principal, INVESCO PRIVATE CAPITAL Moderador: Amit Tiwari, Principal, INVESCO PRIVATE CAPITAL Ralph Keitel, Principal Investment Officer, IFC Ralph Keitel, Principal Investment Officer, IFC Paul Van Houtte, Head of International Equity and Funds, CASSA DEPOSITI E PRESTITI Paul Van Houtte, Head of International Equity and Funds, CASSA DEPOSITI E PRESTITI 12.50 Lunch 12.50 Almoço RISK RISCOS Understanding The Risks Inherent In Latin American Private Equity: How Do LPs Get Comfortable With Compreenda os Riscos Inerentes ao Private Equity na América Latina: Como o Investidor se Sente Investing In This Region In Light Of Its Turbulent Political & Economic History? What Risks Are LPs Confortável ao Investir na Região Considerando o Histórico Turbulento no Cenário Político-econômico? 14.20 Focusing On Today? 14.20 Em quais Riscos os LPs Estão Focando Hoje? Moderator: Janusz Heath, Managing Director, CAPITAL DYNAMICS Moderador: Janusz Heath, Managing Director, CAPITAL DYNAMICS Amit Tiwari, Principal, INVESCO PRIVATE CAPITAL Amit Tiwari, Principal, INVESCO PRIVATE CAPITAL Robert Nef, Co-Head Investor Solutions, Member of the Management Team Robert Nef, Co-Head Investor Solutions, Member of the Management Team SWISS RE PRIVATE EQUITY PARTNERS SWISS RE PRIVATE EQUITY PARTNERS LP/GP ALIGNMENT OF INTEREST ALINHAMENTO DE INTERESSES ENTRE GESTORES E INVESTIDORES How Do LPs View Recent Trends In Fees, Transparency & Terms & Conditions? Qual a Visão dos Investidores sobre as Atuais Tendências em Taxas, Transparências e Termos e Condições? What Structures & Incentivisation Do LPs Consider To Be Most Compatible With Alignment Of Interest & Quais Estruturas e Incentivos os Investidores Consideram mais Compatíveis com o Alinhamento de Interesses 14.50 How Is The Balance Of Power Changing In Latin American Private Equity? 14.50 e Como o Equilíbrio de Poder Vem Mudando no Private Equity Latino Americano? Mark Hoeing, Director, COMMONFUND CAPITAL Mark Hoeing, Director, COMMONFUND CAPITAL Walter McCormack, Co-Founder & Managing Partner, GRANITE CAPITAL MANAGEMENT Walter McCormack, Co-Founder & Managing Partner, GRANITE CAPITAL MANAGEMENT Paul Van Houtte, Head of International Equity and Funds, CASSA DEPOSITI E PRESTITI Paul Van Houtte, Head of International Equity and Funds, CASSA DEPOSITI E PRESTITI 15.20 Afternoon Tea 15.20 Coffee Break da Tarde INVESTOR RELATIONS BEST PRACTICE MELHORES PRÁTICAS EM RELACIONAMENTO COM O INVESTIDOR 15.50 What Do LPs Expect From The Investor Relations Team? How Are Relationships Managed At A 15.50 O que o Investidor Espera do Time de Relacionamento com o Investidor? Como São as Relações Distance By Both LPs & The IR Team? Gerenciadas à Distância por Investidores e Times de Relacionamento com o Investidor? Veronica John, Managing Partner, SERASI CAPITAL Veronica John, Managing Partner, SERASI CAPITAL MANAGER SELECTION SELEÇÃO DO GESTOR Choosing The Best Manager To Align With An Existing Portfolio: What Are LPs Looking For? Escolha do Melhor Gestor para Alinhamento com um Portfólio já Existente: James L. Korczak, Partner, ADAMS STREET PARTNERS O que os Investidores Procuram? 16.20 16.20 James L. Korczak, Partner, ADAMS STREET PARTNERS Robert Wages, Head of Private Equity, NATIONAL HOLDING Janusz Heath, Managing Director, CAPITAL DYNAMICS Robert Wages, Head of Private Equity, NATIONAL HOLDING Rogerio Bastos, Partner, FINPLAN Janusz Heath, Managing Director, CAPITAL DYNAMICS Rogerio Bastos, Partner, FINPLAN 16.50 End Of Summit 16.50 Encerramento do Summit New! LP Closed Door Session Novo! Sessão Secreta do Investidor By invitation only - Monday 12 March 2012 | 17:00 – 18:45 Apenas através de convites Led by: David Turner, Managing Director & Head of Private Equity Segunda-feira, 12 de Março de 2012 | 17:00 – 18:45 THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA Led by: David Turner, Managing Director & Head of Private Equity Antonio Machado, Investment Manager, FUNDAÇÃO REAL GRANDEZA THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA Fabio Mazzeo, Chairman, METRUS Antonio Machado, Investment Manager, FUNDAÇÃO REAL GRANDEZA An opportunity for international institutional investors and local institutional investors to interact, pool knowledge and learn Fabio Mazzeo, Chairman, METRUS A oportunidade para que investidores institucionais locais e internacionais interajam, compartilhem conhecimento e from each other in an exclusive setting. This session is open to pre-registered end investors by invitation only. To apply for a aprendam uns com os outros em uma sessão exclusiva. A sessão é aberta apenas para investidores pré-cadastrados e por place, please contact Laura Griffin at: lgriffin@icbi.co.uk convite. Para se inscrever, entre em contato com Laura Griffin no e-mail lgriffin@icbi.co.uk New! Workshop: Private Equity As An Asset Class: Analysing Novo! Workshop: Private Equity Como Classe de Ativos: Returns, Risks & How To Invest Analisando Retornos, Riscos e Por Que Investir Monday 12 March 2012 | 10:00 – 16:00 Monday 12 March 2012 | 10:00 – 16:00 Key sessions to be covered include: O que você irá discutir: • Analysing Private Equity and its different forms • Analise o Private Equity e suas diferentes formas • Understanding how private equity returns work • Entenda como funciona o retorno no Private Equity • Buyout, Buyout returns and fund sizes • Buyout, retornos do buyout e tamanho dos fundos • The GP/LP Relationship • Relação entre gestores e investidores Liderado por: Adalberto Brandão, COO, GVCEPE Led by: Adalberto Brandão, COO, GVCEPE See page 6 for more details Veja a página 6 para mais detalhes Speaking, Sponsorship & Exhibition Opportunities Still Available Oportunidades de Palestras, Patrocínio e Exposição Ainda Estão Disponíveis To promote your company to this fantastic audience please contact: Para promover sua empresa a essa fantástica audiência, entre em contato conosco: Latin America: Kelly Naomi, tel: +55 11 3017 6843 e-mail: kelly.naomi@ibcbrasil.com.br Rest of World: Ian Law, tel: +44 (0)20 7017 7297 e-mail: ilaw@icbi.co.uk To register or for more information/ Para se increver ou para mais informações Tel. +44 (0) 20 7017 7200 • Fax. +44 (0) 20 7017 7807 • Email: info@icbi.co.uk4 For latest programme or to register, please visit/ Para o programa atualizado ou para se inscrever, acesse: www.superreturnlatam.com
  • LP SUMMIT Monday 12th March 2012 LP Summit Segunda-feira, 12 de março de 201208.30 Coffee & Registration/ Café da Manhã e Credenciamento Christian Coco, Investment Director, CIR GROUP Moderator: Janusz Heath, Managing Director, CAPITAL DYNAMICS Christian works in the investment team of CIR where he is covering LATAM and in Janusz has over 27 years of private equity experience and has a leading role in08.50 Chairmans Opening & Welcome/ Boas vindas e abertura do presidente de mesa particular Brazil. Prior to joining CIR in May 2011, he was an Investment Director at Cube, developing the firm’s emerging markets expertise. Prior to joining Capital Dynamics, he and before that, Investment Manager at Valiance, both pan-European infrastructure funds. was head of Central & Eastern European private equity at Allianz Specialized09.00 He also worked at L Capital, a specialised retail private equity fund sponsored by LVMH. Investments (formerly Dresdner Kleinwort Capital), having previously been deputy Christian has 5 years of experience in acquisition finance gained at Mediobanca. chairman and managing director of PTP-Kleinwort Benson. LP VIEWS ON LATIN AMERICA Scott Higbee, Partner & Head of Americas Robert Nef, Co-Head Investor Solutions, Member of the Management TeamWhen Is The Right Time To Enter Latin America? How Can PARTNERS GROUP SWISS RE PRIVATE EQUITY PARTNERSInvestors Make the Most From Long- & Short- Term Trends & Scott is a Partner, head of the investment solutions Americas team and head of the New Robert began his career in 1991 as a controller at Alcatel. In 1995 he joined Swiss Re asWhich Sectors Do LPs Find Most Interesting? York office. He is also a member of the private equity North America investment committee an Underwriter. From 2000 he worked in the alternative investments division, where he and has been materially involved in the firms direct, secondary and partnership investment became a member of the management team. He worked as Principal and Deputy Head of activities, and is a primary relationship manager for several leading partnerships in the US. Client Relations at Horizon21 until December 2006, before rejoining Swiss Re in January VISÕES DO INVESTIDOR SOBRE A Prior to joining Partners Group, he worked for PricewaterhouseCoopers as a senior 2010. Swiss Re Private Equity Partners manages a portfolio of roughly USD 7.5 billion in AMÉRICA LATINA associate in the firm’s capital markets practice in New York. private markets funds on behalf of Swiss Re and like-minded investors.Qual é a Hora Certa para se Entrar na América Latina? Como Stephen Whatmore, Principal, QIC Amit Tiwari, Principal, INVESCO PRIVATE CAPITAL (see above for biography)os Investidores Podem Obter o Melhor de Tendências de Stephen has 18 years of experience in global private equity fund investing. From 1999 toLongo e Curto Prazo e Quais os Setores Mais Interessantes? 2006, Stephen helped build and manage the global private equity program for MLC 14.50 Limited, which was the first of its kind in Australia. By the time Stephen left MLC Limited,Moderator: Delaney Brown, Head of the Americas, HERMES GPEDelaney is responsible for all Hermes GPE’s private equity manager relationships in the the program had grown to USD 1 billion committed to 21 private equity managers, and 46 underlying funds, and was generating 10 year performance of 17.2% p.a. over MSCI LP/GP ALIGNMENT OF INTERESTAmericas and for coordinating the sourcing, due diligence and monitoring of funds and co- World index. From 1992 to 1999, Stephen worked at Lend Lease Corporation, firstly in How Do LPs View Recent Trends In Fees, Transparency &investments in the region. He has led the due diligence on funds across venture capital, project finance and then in direct infrastructure investment Terms & Conditions? What Structures & Incentivisation Do LPsgrowth and buyouts in the Americas and Europe, and holds a number of advisory boardseats. He was previously at Almeida Capital, the placement boutique, where he was involved Consider To Be Most Compatible With Alignment Of Interest &in the marketing of funds in the U.S., Europe and Asia. 10.30 How Is The Balance Of Power Changing In Latin American Private Equity?Ralph Keitel, Principal Investment Officer, IFC KEYNOTE ADDRESSThe International Finance Corporation (IFC) is the World Bank Group’s private sector arm. IFC’sprivate equity funds department has invested more than US$2.6 billion in over 160 emerging CONSIDERAÇÕES DO KEYNOTE SPEAKER ALINHAMENTO DE INTERESSES ENTREmarkets. Since joining IFC in early 2006, Ralph has been responsible as regional lead for IFC’s Howard Marksprivate equity fund activities in Eastern Europe/Russia, Africa and now Latin America. Prior tojoining IFC, Ralph was with Caisse de Dépot et Placement de Québec (CDP) in Montréal, and Chairman GESTORES E INVESTIDORESspent nearly 5 years with TBG. Qual a Visão dos Investidores sobre as Atuais Tendências em OAKTREE CAPITAL MANAGEMENT Since the formation of Oaktree in 1995, Mr. Marks has been responsible for Taxas, Transparências e Termos e Condições? QuaisAnselm Adams, Director, Senior PE Portfolio Manager, PECA ensuring the firm’s adherence to its core investment philosophy, communicating closely Estruturas e Incentivos os Investidores Consideram maisPECA Limited (member of ILPA) is part of Adams Capital Partners, a European family office.Anselm has over 18 years of experience in private equity investing, venture capital investing, and with clients concerning products and strategies, and managing the firm. From 1985 until Compatíveis com o Alinhamento de Interesses e Como oinvestment banking, having previously worked at Schroders, Merrill Lynch and Goldman Sachs. 1995, Mr. Marks led the groups at The TCW Group, Inc. that were responsible for Equilíbrio de Poder Vem Mudando no Private Equity Latino investments in distressed debt, high yield bonds, and convertible securities. He was alsoEmilio Dauvin, Director, Private Equity, SEB CIO for Domestic Fixed Income at TCW. Americano?Emilio is a Director at SEB PE, the major global PE investor in Scandinavia. SEB is a leading Mark Hoeing, Director, COMMONFUND CAPITALbank in Northern Europe that forms the foundation of the ongoing Wallenberg dynasty. The 11.00 Morning Coffee/ Coffee Break da Manhã Mr. Hoeing joined Commonfund Capital in 2005 to work primarily on the global private equityfamily has significant interests in corporations such as ABB, Atlas Copco, Electrolux and ex-U.S. programmes, while also contributing to the global venture capital, U.S. private equityEricsson through Investor AB. SEB Investment Management has > EUR 130bn in AuM whereof and natural resources teams. Prior to this, his experience includes positions at DeutscheEUR 3.5bn is in private equity with investments spanning across primaries, secondaries and 11.30 Bank evaluating third-party managers in the private capital funds division as well as directdirect investments. Emilio was previously working for McKinsey & Company. private capital investing with DB Capital Partners. Mr. Hoeing began his career as a credit SUPERRETURN LATIN AMERICA LP analyst and commercial lending officer with Citizens Financial Group, a wholly owned subsidiary of the Royal Bank of Scotland.09.30 INTERVIEW Walter McCormack, Co-Founder & Managing Partner ACCESSING THE LATIN GRANITE CAPITAL MANAGEMENT AMERICAN MARKET SUPER RETURN LATIN AMERICA Walter is the co-founder and managing member of Granite Capital Management, LLC, aWhat Is The Best Way To Gain Access To A Market That Still ENTREVISTA COM single family office based in New York. Prior to founding Granite in 2002, Walter worked at Red Hat and Goldman Sachs & Co.Lacks Depth? How Should LPs Approach Issues Around Track O INVESTIDORRecord, Team Stability, & Concerns Around About An Paul Van Houtte, Head of International Equity and FundsOverheating Economy? CASSA DEPOSITI E PRESTITI David Turner, Managing Director & Head of Private Equity Paul Van Houtte initially worked for a VC fund targeting European growth companies, after THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA which he joined the European Investment Fund focusing on primary fund investments in the ACESSO AO MERCADO (see above for biography) VC and Buyout area across Europe. After having launched the secondary investment area for EIF, as Head of Secondary Investments, he later guided private equity investments in the LATINO AMERICANO 12.00 MENA region for the European Investment Bank. Currently Paul is head of International EquityQual a Melhor Maneira de se Conseguir Acesso ao Mercado and Funds for Cassa Depositi e Prestiti.Latino Americano que Ainda Carece de Aprofundamento? PERFORMANCE 15.20 Afternoon Tea/ Coffee Break da TardeComo os Investidores Devem Abordar as Questões a Respeito Analysing Performance Of Latin American Private Equity: Howde Repertório, Estabilidade de Equipes e Preocupações sobre Do The Returns Appear As Compared To Other Asset Classes? 15.50o Superaquecimento da Economia?Moderator: Philippe Roesch, Private Equity AdvisorPhilippe Roesch is an experienced private equity investment manager with 17 years of DESEMPENHO INVESTOR RELATIONS BEST PRACTICEinternational fund-of-funds and direct investment experience, and currently provides a high Uma Análise do Desempenho do Private Equity na América What Do LPs Expect From The Investor Relations Team? Howquality range of advisory services. Prior to this, Philippe was Head of Private Equity at Latina: Como São os Retornos na Comparação com Outras Are Relationships Managed At A Distance By Both LPs & TheAuda, having moved on from Harald Quandt Holding, where he was Head of Private Classes de Ativos? IR Team?Equity and responsible for the family’s global portfolio of private equity funds investments. Kelly DePonte, Partner, PROBITAS PARTNERSHe started his career in fund-of-funds investing in the mid-1990s as a Senior Investment Kelly has twenty-nine years of industry experience and is responsible for ProbitasManager with Deutsche Beteiligungs-AG. Partners research and due diligence. Prior to joining Probitas Partners, Kelly was Chief MELHORES PRÁTICAS EM Operating Officer and Managing Director at Pacific Corporate Group (“PCG”), a leadingSven Söderblom, Partner, ARCANOSince 2010, Sven has been a partner at Arcano, an independent investment management provider of alternative investment advisory, management and consulting services. Kelly RELACIONAMENTO COM O INVESTIDORfirm based in Madrid and New York, active in alternative asset management, corporate oversaw the partnership investment programme, which comprised more than $20 billion in O que o Investidor Espera do Time de Relacionamento com ofinance and wealth advisory. The alternative asset management has close to US$1.5bn AUM capital dedicated globally to private equity. Investidor? Como São as Relações Gerenciadas à Distânciaand focuses on fund of funds, credit funds and secondary products, where Sven is specifically por Investidores e Times de Relacionamento com ofocused on emerging markets. Prior to joining Arcano, Sven was a Portfolio Director at CDC 12.20 Investidor?in London. Before CDC, Sven spent a number of years at the EIF in Luxembourg and before Veronica John, Managing Partner, SERASI CAPITALthat, in investment banking at Alfred Berg / ABN Amro in Stockholm. LP VIEWS ON FUNDRAISING Serasi Capital is a newly formed independent emerging markets fund of funds business.Leonardo Ribeiro, Founding Partner The 10 Things To Remember About LPs When Fundraising: Prior to establishing Serasi Capital, Ms. John was CEO of IDFC Capital. She has over 20OCROMA ALTERNATIVE INVESTMENTS LPs Give A Truthful Account Of Common & Less Common years of experience in international business and finance encompassing fund management, Mistakes Made By GPs On The Fundraising Circuit: Listen & direct private equity investing, project management, privatisation, and investment banking.Leonardo is a Managing Partner of Ocroma, the pioneer independent private equity fund- Previously, Ms. John was a Portfolio Director at the CDC Group based in London, and aof-funds manager in Latin America. Working within private equity since 2002, Leonardo Learn! Principal Investment Officer at the Asian Development Bank (ADB).has become a specialist in the Latin American market, with over a dozen publications,including the authoritative text on the subject. From 2003 to 2008 he led the researchactivities of the Centre for Private Equity Research at FGV (GVcepe). VISÃO DO INVESTIDOR SOBRE O 16.20Pat Dinneen, Managing Director, SIGULER GUFF & COMPANY FUNDRAISING MANAGER SELECTIONPatricia Dineen has primary responsibility for managing the BRIC Opportunities Funds, As 10 Coisas Mais Importantes sobre Fundraising: Choosing The Best Manager To Align With An Existingfocusing on private equity investments in Brazil, Russia, India and China. Prior to joining Portfolio: What Are LPs Looking For?Siguler Guff in 2004, she was at Cambridge Associates where she led the emerging Investidores Fazem um Honesto Relato sobre os Erros Maismarkets private equity advisory business. Previously, she worked for 10 years at British Comuns e Incomuns Cometidos pelos Gestores no Circuito deTelecommunications. She has also held positions at Hughes Communications, RAND Fundraising: Confira e Aprenda! SELEÇÃO DO GESTORCorporation, and the White House. Moderator: Amit Tiwari, Principal, INVESCO PRIVATE CAPITAL Amit joined Invesco Private Capital in 2005. He spearheads the firm’s fund sourcing and Escolha do Melhor Gestor para Alinhamento com um PortfólioDelaney Brown, Head of the Americas, HERMES GPE (see above for biography) evaluation efforts in Latin America. Prior to IPC, Amit was with the California State já Existente: O que os Investidores Procuram? Teachers’ Retirement System where he invested over $125 million in VC and buyout Robert Wages, Head of Private Equity, NATIONAL HOLDING10.00 partnerships. Prior to that, Amit was a part of CSFB’s Technology Private Placements Overseeing National Holding’s private equity activities, which includes direct, co- practice where he raised over $250 million for clients. investments and fund investments, Mr. Wages has over 20 years of private equity DUE DILIGENCE Ralph Keitel, Principal Investment Officer, IFC (see above for biography) experience in a variety of sectors across North America, Europe and the MENA region.Due Diligence Best Practice: How Can LPs Be Resourceful Previously, Mr. Wages served as the executive director for PE at Invest AD in Abu Dhabi and as a managing director of Castle Harlan in New York.When Performing Due Diligence On Latin American Funds? Paul Van Houtte, Head of International Equity and FundsWhat Are Recent Lessons Learned? CASSA DEPOSITI E PRESTITI (see above for biography) Rogerio Bastos, Partner, FINPLAN Rogerio Bastos is the founder and CEO of FinPlan. Rogerio has 20 of experience in 12.50 Lunch/ Almoço finance, having worked as a risk manager at CCF, Credit Lyonnais and HSBC Brasil, and DUE DILIGENCE strategist at Reliance.Melhores Práticas em Due Diligence: Como os Investidores 14.20 James L. Korczak, Partner, ADAMS STREET PARTNERSPodem Obter Recursos para a Realização de Due Diligence Jim is a Partner primarily specialising in buyout & growth capital, energy and Latinnos Fundos Latino Americanos? Quais as Mais Recentes RISK America fund investments. He is responsible for managing relationships with several ofLições Aprendidas? Understanding The Risks Inherent In Latin American Private Adams Streets managers. He actively participates in all fund investment decisions atDavid Turner, Managing Director & Head of Private Equity, THE GUARDIAN Equity: How Do LPs Get Comfortable With Investing In This Adams Street.LIFE INSURANCE COMPANY OF AMERICA Region In Light Of Its Turbulent Political & EconomicDavid Turner joined Guardians Investment team in June 2007 to lead the roll-out and History? What Risks Are LPs Focusing On Today? Janusz Heath, Managing Director, CAPITAL DYNAMICSdevelopment of their private equity investment initiative. With over 25 years experience in (see above for biography)private equity investing and portfolio management, David has originated and led 95investments valued at $4.8 billion and managed portfolios totalling $17.5 billion in RISCOS 16.50cumulative commitments. Previously, David spent five and one-half years at WestLB Compreenda os Riscos Inerentes ao Private Equity na América End of Summit / Encerramento do SummitMellon Asset Management as a General Partner and later as CEO and CIO of theirPrivate Equity Group. Prior to WestLB Mellon, David was Director of the Alternative Latina: Como o Investidor se Sente Confortável ao Investir naInvestments Division and Senior Portfolio Manager for the State of Michigan Retirement Região Considerando o Histórico Turbulento no Cenário Político-Systems Alternative Investment Division. econômico? Em quais Riscos os LPs Estão Focando Hoje? Se você preferir ser atendido em português, por favor, contate: IBC Brasil; Telefone: +55 11 3017 6888 • Fax: +55 11 3017 6913 • Email: superreturn@informagroup.com.br 5
  • KEY TO EVENT FEATURES LEGENDA PARA ATRAÇÕES-DO EVENTO Portfolio Company Case Study “Latin America On The Ground” Estudo de Caso de uma Empresa Wednesday 14th March at 13.00 Tuesday 13th March Knowledge-Share Sessions de Portfólio ● Luís Afonso Lima, Chief Economist, Finance Director, Case study: Drogo Raia’s Commercial Vice- Tuesday 13th March at 16.40 Terça-feira, 13 de Março TELEFONICA DO BRASIL President, Eugenio de Zagottis, speaks candidly Estudo de Caso: O Commerical Vice-Presdient da from a portfolio company’s perspective. Hear firsthand their A series of small workshop groups focusing on topics facing Droga Raia, Eugenio de Zagottis, fala sobre o ponto de vista “Latin America On The Ground” Latin American managers & their investors. The sessions deal da empresa de portfólio. Conheça, em primeira mão, a Knowledge-Share Sessions experience of private equity investment & exit, how value was with the ‘how to’ of structuring deals and dealing with experiência no investimento de private equity e posterior Tuesday 13th March at 16.40 added and the lessons they have learnt.. specific issues around private equity in Latin America. The Série de pequenos workshops focados nos tópicos saída, como foi agregado valor e quais foram as lições discussions will be in small groups of 10-15 people and will mais impactantes para os gestores latino-americanos e seus The SuperReturn Latin America aprendidas. run concurrently. Delegates choose which discussion is of investidores. As sessões irão abordar o “como fazer” da Debate most interest to them, and after a set amount of time, will have estruturação de negócios e lidar com questões específicas do Wednesday 14th March at 10.25 Debate SuperReturn Latin the chance to move to another discussion group. private equity na América Latina. As discussões acontecerão As LPs are increasingly sold on the opportunities America in Brazil, SuperReturn asks: What is the best way for LPs to Quarta-feira, 14 de Março, às 10.00 simultaneamente entre grupos de 10 a 15 pessoas. Os LP/GP Speed Networking participantes poderão escolher a discussão de sua preferência e, gain exposure to Brazil? International experts and regional Com os investidores cada vez mais convencidos leaders put their case forward for their asset classes, followed Tuesday 13th March at 16.00 sobre as oportunidades no Brasil, o SuperReturn pergunta: após um espaço de tempo, terão a chance de se mudar para by a discussion and Q&A from the floor. Qual a melhor maneira para que os LPs ganhem outro grupo de discussão. The only way to meet 15 LPs in 15 minutes! The speed networkers are divided into LPs and GPs and have one exposição no Brasil? Especialistas internacionais e líderes “Meet The LP” Lunch Tables regionais defendem suas classes de ativos e discutem Speed Networking com GPs e minute to swap business cards and explore synergies Tuesday 13th March at 13.00 before moving onto the next contact. GPs get to meet abertamente em um debate com espaço para perguntas e LPs Sign up on the day to have lunch and informal respostas. Terça-feira, 13 de Março, às 16h potential investors, while LPs get to evaluate many funds very conversation with top local and international LPs A única forma de encontrar 15 investidores em 15 quickly. If there is a fit, you can follow up later. Mesas de ‘Encontro com Investidores’ minutos! Os participantes são divididos entre GPs e LPs e ● Michael Dymond, Senior Investment Manager, Private Terça-feira, 13 de Março, às 13.00 têm apenas um minuto para trocar cartões e explorar Delegate Quickfire Showcase Markets, UNIVERSITIES SUPERANNUATION SCHEME Inscreva-se para participar de um almoço informal e possíveis sinergias antes de partir para um futuro contato. Wednesday 14th March at 12.50 ● Mateo Ossa, Vice-President, Investments, COLFONDOS descontraído com os investidores locais e Os gestores podem conhecer potenciais investidores, ● Rene Werner, Partner, WERNER & ASSOCIADOS In this informal session, delegates will have 90 internacionais experientes enquanto os investidores podem avaliar muitos fundos ● Amin Al-Rashid, Managing Partner, AR INVESTMENT seconds to promote their fund to a panel of LPs without using ● Michael Dymond, Senior Investment Manager, Private rapidamente. Se houver compatibilidade, você poderá entrar PARTNERS fund data, statistics or overt comparisons to other funds. Our Markets, UNIVERSITIES SUPERANNUATION SCHEME em contato posteriormente. ● Nicolas Drapeau, Director, Private Markets, BIMCOR expert LP judging panel will give feedback and choose a ● Mateo Ossa, Vice-President, Investments, COLFONDOS winner. ● Rene Werner, Partner, WERNER & ASSOCIADOS Delegate Quickfire Showcase Wednesday 14th March at 13.00 ● Amin Al-Rashid, Managing Partner, AR INVESTMENT Quarta-feira, 14 de Março, às 12h50 ● Otávio Vieira, Partner, FIDES ASSET MANAGEMENT PARTNERS Nesta sessão informal, os participantes terão 90 Champagne Roundtables ● Nicolas Drapeau, Director, Private Markets, BIMCOR ● Carlos Augusto F. de Carneiro, Portfolio Manager for Tuesday 13th March at 17.40 segundos para promover seu fundo a um painel de VC/PE Funds, BNDES investidores sem utilizar dados do fundo, estatísticas ou ● Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) A chance to network and continue discussion Quarta-feira, 14 de Março, às 13h ● Otávio Vieira, Partner, FIDES ASSET MANAGEMENT comparações com outros fundos. Nossa comissão julgadora de with key speakers over a chilled glass of champagne. ● Carlos Augusto F. de Carneiro, Portfolio Manager, investidores experientes dará um feedback e escolherá o VIP Hosted Lunch Tables BNDES vencedor. Tuesday 13th March at 13.00 Electronic Polling Panel ● Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) Sign up on the day to have lunch and informal Tuesday 13th March at 12.20 Mesas Redondas com conversation with special guest speakers Mesas de Almoço VIP Champanhe A live audience poll on the most topical questions Terça-feira, 13 de Março, às 17.40 Terça-feira, 13 de Março, às 13.00 ● Pedro Carvalho de Mello, Professor of Economics, in Latin American Private Equity. Expert commentary is Inscreva-se para almoçar e ter um bate-papo Uma chance para fazer contatos e continuar ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO provided by some of the biggest names in industry. debatendo com palestrantes de destaque, aproveitando a informal com nossos palestrantes especiais (ESAGS) rodada de champanhe. ● Liliana Rojas-Suarez, Economist, Senior Fellow, CENTER ● Pedro Carvalho de Mello, Professor of Economics, FOR GLOBAL DEVELOPMENT ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) Painel Eletrônico de Votação ● Liliana Rojas-Suarez, Economist, Senior Fellow, CENTER Terça-feira, 13 de Março, às 12.20 Wednesday 14th March at 13.00 FOR GLOBAL DEVELOPMENT A audiência poderá votar sobre as questões que mais ● Luís Afonso Lima, Chief Economist, Finance Director, impactam o Private Equity na América Latina. Alguns TELEFONICA DO BRASIL dos maiores nomes da indústria farão suas considerações. Workshop: Workshop: PRIVATE EQUITY AS AN ASSET CLASS: PRIVATE EQUITY COMO CLASSE DE ANALYSING RETURNS, RISKS AND HOW ATIVOS: ANALISANDO RETORNOS, TO INVEST RISCOS E POR QUE INVESTIR Segunda-feira, 12 de Março de 2012 - 10.00 às 16.00 Monday 12th March - 10.00 – 16.00 During this workshop, you will gain an in depth insight into the world of private equity Neste workshop, você irá obter uma visão aprofundada do investimento em private equity e investment and understand how you can ensure you achieve the best returns possible. entender como é possível acertar no investimento para obter os melhores retornos. Topics to be discussed include: Tópicos a serem discutidos: • Analysing private equity and its different forms • Analise o Private Equity e suas diferentes formas • Insight into the size of the industry • Qual o tamanho desta indústria? • Comparison of private equity returns in different regions of the world • Comparativo entre os retornos do private equity em diferentes partes do mundo • Comparison of private equity to other asset classes • Comparativo entre o private equity e outras classes de ativos • Understanding returns on private equity investment • Entenda como funciona o retorno no private equity • Buyout, buyout returns and fund sizes • Buyout, retornos do buyout e tamanho dos fundos • Understanding the relationship between GPs and LPs • Como funciona a relação entre gestores e investidores • Terms and conditions within the asset class • Termos e condições para esse tipo de investimento • How investors can evaluate different private equity funds • Analysis of the fundraising process • Como o investidor deve avaliar os fundos de private equity • Exploring different Investment models • Uma análise do processo de captação • Exit options within private equity • Modelos de investimento • Quais são as opções de desinvestimento no private equity e como funciona a saída Led by: Adalberto Brandão, COO, GVCEPE Adalberto Brandão is the COO of GVcepe - Private Equity and Venture Capital Research Center at FGV-EAESP, Liderado por: : Adalberto Brandão, COO, GVCEPE Director of Desafio Brasil and Outreach Board Member of Anjos do Brasil. He is a founding partner of Radar Negócios Adalberto Brandão é o COO da GVCepe - Centro de Pesquisa em Private Equity e Venture Capital na FVG –EAESP, Diretor do Desafio Brasil e Membro Colaborador do Anjos do Brasil. É sócio fundador do Radar Negócios e outras and other early stage companies. Prior to this, he was Senior Investment Manager and Project Finance Manager of empresas em estágio inicial. Antes disso, foi Gerente Sênior de Investimentos e Gerente de Project Finance de Infrastructure at Odebrecht Investimentos, and has also worked at CVC/Opportunity Equity Partners, one of the biggest Infraestrutura na Odebrecht Investimentos e trabalhou na CVC/Opportunity Equity Partners, uma das maiores Private Equity firms in Latin America. Adalberto is co-author of the book Negociações Empresariais, published by empresas de private equity na América Latina. Adalberto é coautor do livro Negociações Empresariais, publicado pela Editora Saraiva in 2010, and also an author and professor of disciplines at Fundação Getulio Vargas (FGV) and a Professor at the Editora Saraiva em 2012 e também é autor e professor de disciplinas na Fundação Getúlio Vargas (FGV) e Professor na Business Business School of São Paulo (BSP). School de São Paulo (BSP). SUPER RETURN Network, Plan Meetings & Optimise Your Time Before, During & After The Event The SuperReturn blog hosts To really experience SuperReturn Follow us on Twitter @SuperReturn. Our LinkedIn Group (SuperReturn The SuperReturn Latin America. If you’re on Facebook, you can interviews and original articles from Latin America, you need to be there. Benefit from news about the events, Latin America) allows you to share Connect allows you to build a “like” our SuperReturn Global some of our high profile guest For the next best thing, try our special offers, interesting articles and ideas and expertise with your profile, view the delegate list and Series page to get the latest speakers as well as the latest YouTube channel for interviews, up to the minute research from the industry peers. connect with speakers & updates in your newsfeed. research from the industry. We roundups and industry commentaries industry. delegates. SuperReturn Latin welcome guest columnists and from your industry leaders. Go To: suggestions for poll topics. Please www.youtube.com/user America Connect will go live two contact: rbinns@icbi.co.uk /SuperReturn TV weeks before the conference to all www.icbi- paid delegates and speakers. events.com/superreturnblog To register or for more information/ Para se increver ou para mais informações Tel. +44 (0) 20 7017 7200 • Fax. +44 (0) 20 7017 7807 • Email: info@icbi.co.uk SUPER RETURN6 For latest programme or to register, please visit/ Para o programa atualizado ou para se inscrever, acesse: www.superreturnlatam.com SUPER RETURN
  • DAY DAY ONE Tuesday 13th March 2012 1 PRIMEIRO DIA Terça-feira, 13 de março de 201208.15 Coffee & Registration/ Café da Manhã e Credenciamento Interviewed by / Entrevistado por: 13.00 Lunch/ Almoço Vinicius Pinheiro, Reporter, VALOR ECONOMICO08.35 Chairmans Opening & Welcome/ Boas vindas e abertura do presidente de mesa Vinícius Pinheiro is a financal reporter at Valor Econômico, a Brazilian Plus! ‘Meet The LP’ Lunch Tables newspaper, covering private equity and local debt capital markets. Prior to this, Vinícius worked as a capital market reporter and assistant editor at Sign up to share lunch and informal conversation with powerful LPs,08.45 Agência Estado, and was finance sub-editor at Gazeta Mercantil. including: GLOBAL ECONOMIC ADDRESS 10.40 Morning Coffee/ Coffee Break da Manhã Extra! Mesas de ‘Encontro com Investidores’How Does Turmoil In Advanced Economies And General Inscreva-se para participar de um almoço com umUncertainty & Volatility Affect Economic Prospects In Latin 11.10 bate-papo informal com grandes investidores incluindo:America? Michael Dymond, Senior Investment Manager, Private Markets WHERE IS THE “B” IN BRIC? UNIVERSITIES SUPERANNUATION SCHEME CONSIDERAÇÕES SOBRE A ECONOMIA What Are The Similarities & Differences Between The BRIC Mateo Ossa, Vice-President, Investments, COLFONDOS Economies? What Are The Long-Term Macroeconomic, Rene Werner, Partner, WERNER & ASSOCIADOS GLOBAL Demographic & Geopolitical Trends & How Are The Risks Amin Al-Rashid, Managing Partner, AR INVESTMENT PARTNERSComo a Situação Tumultuada nas Economias Avançadas, a Associated With Each Economy Changing? Nicolas Drapeau, Director, Private Markets, BIMCORIncerteza Geral e a Volatilidade Pode Afetar as PerspectivasEconômicas na América Latina? Plus! VIP Hosted Tables / Extra! Mesas VIP Liliana Rojas-Suarez, Economist, Senior Fellow ONDE ESTÁ O “B” NO BRIC? Pedro Carvalho de Mello, Professor of Economics CENTER FOR GLOBAL DEVELOPMENT Quais São as Principais Similaridades e Diferenças entre as ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS) Liliana Rojas-Suarez is an expert on Latin America and on financial services Economias do BRIC? Qual é o Cenário Macroeconômico no Liliana Rojas-Suarez, Economist, Senior Fellow and the development impact of global financial flows. She is also the chair of Longo Prazo? Quais São as Tendências Demográficas e CENTER FOR GLOBAL DEVELOPMENT the Latin American Shadow Financial Regulatory Committee (CLAAF). From Geopolíticas? E Quais São os Riscos Associados a Cada March 1998 to October 2000, she served as managing director and chief Mudança Econômica?economist for Latin America at Deutsche Bank. Before joining Deutsche Bank, Rojas-Suarezwas the principal advisor in the Office of Chief Economist at the Inter-American Development Pedro Carvalho de Mello, Professor of Economics, ESCOLA STREAM A – COUNTRY CLINICSBank. Between 1984-1994 she held various positions at the International Monetary Fund, has SUPERIOR DE ADMINISTRAÇÃO E GESTÃO (ESAGS)been a visiting fellow at the Institute for International Economics and has also served as a Dr. Mello is a Professor of Economics, ESAGS, and Associate Professor ofprofessor at Anahuac University in Mexico and an advisor for PEMEX, Mexicos National Economics, Esalq/USP. He is a member of Claaf (Shadow Financial 14.30Petroleum Company. Rojas-Suarez has also testified before a Joint Committee of the U.S. Committee of Latin America), and International Coordinator ofSenate on the issue of dollarisation in Latin America. She has published widely in the areas FGV/IDE/FGV Management. Prior to these activities, he was a Commissioner of CVM (Brazilian Securities and Exchange Commission), a Director of MEXICOof macroeconomic policy, international economics and financial markets. Benefitting From Proximity To The U.S. While Side-Stepping BM&F, and Vice-President of PNC International Bank. Dr. Mello was also a Visiting Professor of Columbia University. Issues Around Security: Where Can Firms Add Value &09.25 Generate Alpha In The Market? BEYOND BRAZIL 11.50 MÉXICOWhere Next For International LPs? Which Markets Are Most LP PERSPECTIVES ON THE BRIC Como Tirar Proveito da Proximidade dos Estados UnidosAttractive & Why? How Will These Markets Manage An Influx Of Enfrentando Desafios na Segurança: Onde As EmpresasCapital & Will Current Investment Trends Be Sustainable? ECONOMIES Podem Gerar Valor e Retornos Superiores neste Mercado? How Are LPs Changing Their Allocations Within The BRIC Mario Cortés, Director ALÉM DO BRASIL Economies? How Do They Analyse The GP Environment, Deal METLIFE INVESTMENTS LATIN AMERICAPara Onde os Investidores Internacionais Devem Caminhar? Flow, Exit Opportunities & Return Expectations? What Are The Based in Santiago, Chile, Mario Cortés is a Director in MetLife’s LatinQuais os Mercados mais Atraentes e Por quê? Como Esses Most Important Factors To Consider When Allocating To BRIC America regional office. He manages a Fixed Income portfolio composed Private Equity? mainly of Latin American corporations and holds primary responsibility forMercados Irão Lidar com a Entrada de Capital? E ainda, as MetLife’s Private Equity portfolio in Latin America. Mr. Cortés joined MetLifeTendências Atuais de Investimentos Serão Sustentáveis? in 2006 from BankBoston Chile. From 1999 through 2004, Mr. Cortés held different Michael Dymond, Senior Investment Manager, Private Markets PERSPECTIVAS PARA OS INVESTIDORES responsibilities at BankBoston, where he finally was a Senior Relationship Manager for Global Corporate Investment Banking from 2004 to 2006. UNIVERSITIES SUPERANNUATION SCHEME Michael joined USS in 2010 as Portfolio Manager for Private Equity & NAS ECONOMIAS DO BRIC Felipe Vilá, CEO, CORPORACIÓN MEXICANA DE Infrastructure. In his role at USS, Michael focuses on fund sourcing, Como os Investidores Estão Mudando Suas Estratégias de selection, implementation and monitoring for the private equity and Alocação Entre as Economias do BRIC? De que Forma Eles INVERSONES DE CAPITAL (FONDO DE FONDOS) Since January 2009, Mr. Felipe Vilá has held the position of CEO of infrastructure portfolios. Prior to joining USS, Michael was employed by Analisam o Ambiente dos Gestores, Fluxo de Negociação, Corporación Mexicana de Inversiones de Capital, S.A. de C.V. also knownPinebridge Investments in London, in a role which included manager selection, monitoring Oportunidades de Saídas de Investimento e Expectativas de as “Fondo de Fondos”, a corporation established by NAFIN, BANOBRAS,and strategy in the private equity fund of funds programme. Before that, he worked at Retorno? Quais os Fatores mais Importantes no Momento da BANCOMEXT and FOCIR, four development banks in Mexico. TheFortis Bank in Brussels as a member of the global private equity team. Alocação em Private Equity no BRIC? Corporation has invested in 38 Private Equity / Venture Capital Funds that have promoted Amin Al-Rashid, Managing Partner Moderator: Pedro Carvalho de Mello, Professor of Economics, more than 160 SMEs and SPVs in Latin America with special focus in Mexico. Mr. Vilá has ESCOLA SUPERIOR DE ADMINISTRAÇÃO E GESTÃO over 20 years of M&A, privatisation and markets experience. AR INVESTMENT PARTNERS Amin is the Managing Partner of AR Investment Partners, a private equity (ESAGS) Jaime Sánchez Cortina, Partner, MEXICO VENTURES investment management and consulting firm, where he works with Family (see above for biography) Mr Sanchez manages Mexico Ventures I, a Venture Capital Fund of Funds Offices, including Royal Families in the Middle East and financial institutions co-managed with Sun Mountain Capital and GreenSpring Associates. globally, on their private equity investments. Amin has co-invested alongside Between 2003 and 2010, he served as Managing Director of theseveral sovereign wealth funds and institutional investors globally on several billion dollar Lokendra Jain, Investment Director, OMAN INVESTMENT FUND (tbc) management team of Discovery Americas I. Mr. Sanchez has over aprivate equity investments. Prior to that, he managed the private equity investments for a Mr. Lokendra focuses on alternative investments in the form of global direct private equity. decade of experience in financial management and strategic planning. Henumber of high net worth families in Europe. The investments made aim to augment emerging and growth equity access in certain served from 1997 to 2000 as Country Manager at Raytheon International, and prior to this, geographies and markets, agnostic to sector, size and geography. Mr. Lokendra has worked at Ixe Casa de Bolsa and Casa de Bolsa Inverlat in M&A. William Pearce, Director, Investment Funds extensive experience in Private Equity, Venture Capital, Corporate Venture Capital, OVERSEAS PRIVATE INVESTMENT CORPORATION (OPIC) incubation of companies, M&A, trade sales and entrepreneurship. Scott McDonough, Managing Director, ALTA GROWTH CAPITAL Mr. Pearce has been at OPIC since 2005 providing growth/expansion Mr. McDonough is a founding partner of Alta Growth Capital. Alta Growth capital to emerging market private equity funds focused on Africa, Asia, Capital is a private equity fund focused on growth investments in middle Latin America and/or the Middle East. Brian Lim, Principal, PANTHEON market companies in Mexico. Prior to forming AGC, he was a Principal at Brian focuses on the sourcing, selection and monitoring of private equity vSpring Capital, a U.S. venture capital fund, co-founder, President & COO of Maninder Saluja, Partner, QUILVEST GROUP funds in Asia. He was previously a portfolio director with CDC Group, the LoveSac, a consumer products lifestyle brand, and an attorney practicing law Mani is based in, and responsible for, the oversight of Quilvest’s Hong Kong specialist emerging markets private equity investor, where he helped build with Fenwick & West in Palo Alto and Orrick Herrington & Sutcliffe in New York. office, from where he co-manages Quilvest’s Global Emerging Opportunities their Asian portfolio and sat on a number of private equity and other fund Private Equity Program, with a particular focus on Asia and Latin America. Prior advisory boards across the emerging markets. Prior to joining CDC Group, 15.00 to joining Quilvest, Mani worked globally in restructuring, operational finance and he was with Watson Wyatt advising institutional investors on private equity and investment strategy across both developed and emerging markets. investment banking at Alvarez & Marsal, Allegiance Telecom Hosting, andDonaldson, Lufkin & Jenrette. COLOMBIA: THE NEXT HOT MARKET IN Nicolas Drapeau, Director, Private Markets, BIMCOR Bimcor is a mid-size corporate pension plan based in Canada with an PRIVATE EQUITY09.55 active allocation to private equity and infrastructure. Before joining Bimcor, How Will Colombia Absorb Increased Capital Inflows? How Nicolas worked for Pantheon Ventures, a large global fund of funds in their Limiting Is The Size Of The Market & At What Point Does The London office for three years after a four year spell with the European team KEYNOTE ADDRESS of the Russell private equity fund of funds in Paris. He started his career at Boom Become Unsustainable? Where Are The Investible Assets(Topic tbd) Caisse de Depot et Placement du Quebec, focusing on international fund investments. & Where Will Value Be Found? J. Christopher Kojima, Managing Director, Head of Alternative CONSIDERAÇÕES DO KEYNOTE SPEAKER Investments & Manager Selection, GOLDMAN SACHS COLÔMBIA: UM MERCADO QUE COMEÇA A(Tòpico a definir) Christopher is the head of the Alternative Investments & Manager Selection (AIMS) Group at Goldman Sachs. With over 200 professionals across 10 SE AQUECER NO PRIVATE EQUITY Charles R. Kaye, Co-President, WARBURG PINCUS offices around the world, the AIMS Group invests in primary commitments, Como a Colômbia Irá Absorver o Aumento de Entrada de Charles joined Warburg Pincus in 1986. During his 22 years at the firm, Mr. secondaries, and co-investments on behalf of investors, for which it Capital? De que Forma o Tamanho do Mercado Pode Ser um Kaye has worked across a variety of industry sector groups and lived in manages over $80 billion. Mr. Kojima first joined Goldman Sachs in 1995. He also serves Limite e em Que Ponto o Boom Ficará Insustentável? Hong Kong from 1994 to 1999. During that time he established Warburg as an adjunct professor at Columbia Business School, a member of the Council on Foreign Relations, and a trustee of The Juilliard School and Asian Cultural Council. Moderator: Diego Lozano, Founding Partner, CAMPO CAPITAL Pincus’ operations in Asia, where the firm today is recognised as one of the CampoCapital is dedicated to structuring, developing, managing and leading private equity investors in the region. funding projects in the agricultural, forestry and biofuel sectors in Colombia. Before founding Campo Capital, Mr. Lozano was CEO of Fiduagraria, a10.20 12.20 trust company that manages assets of USD 3.5 billion. Prior to this, Mr. Lozano worked as a consultant for governmental and multilateral entities. PORTFOLIO COMPANY INTERACTIVE POLLING PANEL Where Are The Big Opportunities In & What Are The Potential Mateo Ossa, Vice-President, Investments, COLFONDOS CASE STUDY Threats To Latin American Private Equity? Colfondos is one of six private pension funds established in Colombia,, serving more than 1.6 million customers. Mr. Ossa is responsible for the investments ofOne Portfolio Company’s Experience Of Private Equity Using our audience response system, you can compare your thoughts to those of leading several portfolios with a total AUM of USD 8.5 billon. Previously, he worked for industry figures and see a snapshot of industry sentiment taken in real time. The expertInvestment & Exit: How Was Value Added & What Are The panel will comment on the questions and the audience’s responses. those of BBVA, Santander and Banco de Bogotá, he held different positionsLessons Learned? including foreign exchange and fixed income trader, and portfolio manager. ESTUDO DE CASO DE UMA PAINEL ELETRÔNICO Diego Serebrisky, Managing Director, Colombia ADVENT INTERNATIONAL EMPRESA DE PORTFÓLIO DE VOTAÇÃO Diego Serebrisky joined Advent International in Mexico City in 1998 and in Onde Estão as Grandes Oportunidades e Quais são as 2011 moved to Bogotá to establish and head Advent’s office in Colombia.Conheça a Experiência do uma Empresa de Portfólio com o Potenciais Ameaças para o Private Equity na América Latina? He has 13 years of private equity experience. While at Advent, Mr.Private Equity e Saída de Investimento: Como Foi Possível Serebrisky has led or participated in the firm’s investments in 12 companies Usando nosso sistema de resposta da audiência, você pode comparar suas in the airport, retail, financial services, business services and media sectors. Prior toAgregar Valor ao Negócio e Quais as Lições Aprendidas? opiniões com os líderes do mercado e poderá acompanhar instantaneamente Advent, he worked as a consultant for McKinsey & Co. in Caracas, Johannesburg andEugenio de Zagottis, Commercial Vice-President, DROGA RAIA as opiniões da indústria em tempo real. O painel de especialistas irá comentar New York. as questões e as respostas da audiência. Maria Cristina Albarracin Roldan, Director, Department for Private Funds, BANCÓLDEX Se você preferir ser atendido em português, por favor, contate: IBC Brasil; Telefone: +55 11 3017 6888 • Fax: +55 11 3017 6913 • Email: superreturn@informagroup.com.br 7
  • DAY DAY ONE Tuesday 13th March 2012 1 PRIMEIRO DIA Terça-feira, 13 de março de 2012 15.30 Adele Tilebalieva, Investment Manager, OBVIAM Clarisse Heck Machado, Investment Director Adele has been working for Obviam, the asset manager of Switzerland’s FUNDAÇÃO REAL GRANDEZA ARGENTINA: THE ONE TO WATCH? Development Finance Institution, SIFEM, since 2007, covering sub-Saharan Africa and Eastern Europe and the CIS region prior to Latin America. Clarisse Heck Machado is the Investment Director Assistant of Real Grandeza What Efforts Is The Argentine Government Making To - Fundação de Previdência e Assistência Social, the Pension Fund for Obviam is managing a portfolio of private equity and microfinance fund Eletrobras Furnas and Eletrobras Eletronuclear employees, and one of the Encourage Foreign Investment Back Into The Country? investments in the Latin American countries of Peru, Colombia, Bolivia and largest institutional investors in Brazil with US$ 5.5 billion under management. Balancing Political & Macroeconomic Risk With Competitive the Central American region, as well as exploring investment possibilities in other markets Valuations, How Should Investors Approach This Large Market? such as Brazil and impact-themed investments. 15.00 Joachim Schumacher, Director, Equity & Mezzanine, DEG ARGENTINA: A BOLA DA VEZ DO FUTURO? DEG provides long term capital in the form of debt, mezzanine and equity to STRUCTURING BRAZILIAN FUNDS Que Esforços o Governo Argentino Tem Feito para Atrair o private companies in developing and emerging markets, and made new What Are The Options For Structuring Funds With Brazilian & Investimento Estrangeiro de Volta ao País? Como os commitments in excess of €1.2 billion. As of the end of 2010 DEG held a International LPs? How Do You Avoid Conflicts Of Interest & Investidores Devem Se Aproximar deste Mercado Tão Grande portfolio of €5.1 billion in more than 80 countries. Joachim is responsible for How Are Fund Terms & Conditions Evolving? equity and mezzanine direct investments in private companies as well as Considerando o Balanceamento entre Política, Risco do Ponto de Vista Macroeconômico e Valuations Competitivos? commitments to private equity and mezzanine funds. Prior to joining DEG in 2002, Mr. Schumacher worked with TFG Venture Capital, a German venture capital management ESTRUTURANDO FUNDOS BRASILEIROS Federico Schiffrin, Senior Vice President, UNIGESTION company where he headed a sector group focused on technology investments. Quais São as Opções para Estruturação de Fundos com Federico is currently a Senior Vice President of private equity at Unigestion, a Investidores Brasileiros e Estrangeiros? Como Evitar Swiss-based asset manager with approximately $11 billion in assets under Susana Garcia-Robles, Principal Investment Officer, Early Stage Conflitos de Interesse e Quais São os Termos e Condições management. Federico is responsible for all US and Latin American Financing, MIF, INTER-AMERICAN DEVELOPMENT BANK investments (secondary, co-investments and fund investments), where he Envolvidos nos Fundos? Since 1999, Ms. Garcia-Robles has created and guided the venture capital Silvia Bugelli, Partner oversees and invests a portfolio of approximately $1 billion. Prior to joining Unigestion, Federico worked at Three Cities Research, Inc., a middle-market private equity fund investments of MIF/FOMIN (Multilateral Investment Fund) in Latin America and the Caribbean (LAC). She is one of the co-founders and Advisory ALMEIDA BUGELLI E VALENÇA ADVOGADOS ASSOCIADOS based in New York. Silvia is the founding partner of Almeida Bugelli e Valença Advogados Board member of the Argentinean VC Association/ARCAP, a member of LAVCA’s Board of Directors and of the Brazilian VC Association, ABVCAP’s Advisory Associados, where she is the head of the Corporate, Banking, Capital Jerónimo Bosch, Partner, GRUPO PEGASUS Markets, M&A, Tax and Litigation areas. Prior to this, Silivia was a partner Grupo Pegasus is an investment firm that controls and operates long term Board, as well as a member of the Bancoldex Colombian Venture Capital and Private investments, with presence in Argentina and other Latin American countries. Equity Program Investment Committee. at Banco Pactual and professor at Ibmec-Law. In addition, Silvia has co- Mr. Bosch has over 16 years of experience in private equity, venture capital authored a book titled "Fusões e Aquisições – Aspectos Jurídicos e Econômicos" (M&A – and real estate investments, in Latin America and the US. Before returning to Legal and Economic Aspects), published by Editora IOB. 17.40 - 18.40 Argentina and joining Pegasus in 2003, he lived for eight years in New York, São Paulo and San Francisco, working at Morgan Stanley and Salomon Brothers. Sector Specific Champagne Roundtable Discussions 15.30 SuperReturn Latin America networking champagne roundtables provide you 16.00 Afternoon Tea/ Coffee Break da Tarde with the ideal opportunity to meet some of the key speakers in small groups LIQUIDITY Plus! LP/ GP Speed Networking of about 15 people, and discuss the hot issues of the day. You will be able to How Effective Is The Secondaries Market At Providing choose between tables and discuss current issues in a highly personal and Liquidity To Private Investments In Latin America? What Are The only way to meet 15 LPs in 15 minutes! The speed networkers are divided into interactive environment. Each roundtable has a dedicated topic and leader, The Current Trends & Why? LPs and GPs and have one minute to swap business cards and explore synergies and participants are encouraged to share their questions and expertise. before moving onto the next contact. If there is a fit, you can follow up later. Mesas Redondas Setoriais com Champanhe LIQUIDEZ A única forma de encontrar 15 investidores em 15 minutos! Os participantes são As mesas redondas de networking do SuperReturn Latin America oferecem Como os Mercados Secundários Podem Ser Efetivos na Oferta divididos entre GPs e LPs e têm apenas um minuto para trocar cartões e explorar de Liquidez em Investimentos Privados na América Latina? possíveis sinergias antes de partir para um futuro contato. Se houver a você a oportunidade ideal para encontrar alguns dos palestrantes chave do evento em grupos pequenos de cerca de 15 pessoas que irão discutir os Quais São as Tendências mais Atuais e Por quê? compatibilidade, você poderá entrar em contato posteriormente. Moderator: Michael McCabe, Partner, STEPSTONE GLOBAL tópicos mais quentes da atualidade. Você poderá escolher entre as mesas e discutir assuntos importantes em um ambiente pessoal e interativo. Cada Mr. McCabe focuses on secondary investments, U.S.-based small market mesa redonda será dedicada a um tópico específico e contará com um managers, Latin American investments, and co-investments. Prior to 16.40 StepStone, Mr. McCabe co-founded SilverBrook Private Equity, an líder. Os participantes serão incentivados a compartilhar suas questões e independent secondary and fund advisory platform. Prior to that, Mr. BRAZIL: WHERE ARE THE BEST experiências. McCabe worked for Hamilton Lane, where he helped oversee the firm’s secondary and co-investment practices, representing over US$3 billion in committed Consumer & Retail / Consumo e Varejo: Alexandre Saigh, Managing OPPORTUNITIES? Partner & Head of Private Equity, PÁTRIA INVESTIMENTOS capital from institutional investors. Where Are The Key Opportunities In Brazil & What Strategies James Rorer, Principal, POMONA CAPITAL Have Been Successful In Maximising These? How Might The Technology & Innovation / Tecnologia e Inovação: Alexandre Villela, Mr. Rorer joined Pomona in 2004 and focuses on secondary investment Brazilian Macroeconomic Environment Change Private Equity Investment Director, INTEL CAPITAL analysis and deal sourcing. He has led many of the firm’s investments in Investments In The Future? Exits / Saídas: Mark O’Hare, Managing Director, PREQIN emerging market portfolios. Prior to Pomona, he was a vice president in the private equity group at U.S. Trust, where he made direct investments in venture Impact Investing / Impacto do Investimento: Serge LeVert-Chiasson, Vice- and growth companies. Prior tot his, he spent several years at Bain & Co. in BRASIL: ONDE ESTÃO AS MELHORES President & CIO, SARONA ASSET MANAGEMENT their private equity practice. Jim began his career in investment banking at Credit Suisse. OPORTUNIDADES? Agribusiness / Agronegócio: José Humberto P. Teodoro Jr., Director for Jonathan Costello, Executive Director Quais São as Melhores Oportunidades no Brasil e Quais São Business Development and Strategic Planning, BRASILAGRO MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS as Estratégias Mais Eficientes para Maximizar o Sucesso? Further Champagne Roundtables to be announced Jonathan is an Executive Director for the Private Equity Fund of Funds Como as Mudanças no Ambiente Macroeconomico Brasileiro group. He joined Morgan Stanley in 2007 and has 15 years of relevant Mais mesas redondas com champanhe a serem anunciadas industry experience. Prior to joining Morgan Stanley AIP, Jonathan worked Podem Mudar o Investimento em Private Equity no Futuro? with Susquehanna International Group, LLP where he was responsible for Ricardo Fernandez Jr., Vice President, HAMILTON LANE 18.00 - 19.30 secondary private equity investments including investment strategy, business Mr. Fernandez is a Vice-President in the Fund Investment Team at development, transaction management, and portfolio construction. Hamilton Lane. Prior to this, he was a VP at Capital Dynamics and head of Gala Networking Reception illiquid investments at a multi-family office in Brazil. He previously worked Your chance to relax with your peers after an intensive day’s sessions and Duncan Littlejohn, Managing Director at Santander Private Equity and also held positions at Odebrecht in Brazil, networking. Take this opportunity to forge new business partnerships and PAUL CAPITAL PARTNERS Peru and Portugal. He began his career at Strata, an M&A boutique. In Brazil since 1989, Duncan has been active in principal investing, in both expand your network of like-minded professionals. the US and Brazil. He was previously a partner of BPE Investimentos and Nicolas Wollak, Managing Partner, AXXON GROUP Coquetel de Gala e Networking its predecessor, Brasilpar, a Brazilian primary private equity fund manager. Nicolas Wollak has nearly 20 years of private equity investment BPE has invested in 15 Brazilian companies with a combined enterprise experience in South America. Prior to founding the Axxon Group in 2001, Sua chance para ter um momento descontraído com seus parceiros de negócios após dias intensos com apresentações e networking. Aproveite esta value of over R$1.5 billion. He spent 10 years in Ecuador as CEO of Productos Mr. Wollak was a Partner of BISA, an Executive Director of InverCapital, Ecuatorianos (Prodec) a leading coffee and cocoa exporter. and a Senior Vice President in the private placement department of Drexel oportunidade para prospectar novos parceiros de negócios e expandir a sua Burnham Lambert in London. Mr. Wollak began his career in Latin America rede de contatos com pessoas com quem terá grande afinidade profissional. Chris Perriello, Partner, ALPINVEST PARTNERS in 1986 as part of Citibank’s corporate banking department where he executed various Chris is a Partner in the Secondary Investments team at AlpInvest assignments in Argentina and Brazil. 19.30 End of Day One/ Encerramento do Primeiro Dia Partners and focuses on transactions in the US market. He joined AlpInvest Partners in 2007 from Paul Capital Investments, where he was a Carlos Piani, Co-Head of Private Equity, VINCI PARTNERS Principal focused on fund investing. Previously, he was a Principal at Prior to working at Vinci Partners Private Equity group, Carlos held the positions of CEO Invesco Private Capital responsible for evaluating venture and LBO fund and CFO of Equatorial Energia and partner at Banco Pactual. Between 2000 and 2004, STREAM B – BUSINESS ISSUES investments as well as direct investments. he managed the Internet Fund at Banco Pactual, and between 1998 and 2000, he worked at the banks corporate finance group. Prior to this, he was an analyst in Ernst Young’s FOCO NOS NEGÓCIOS 16.00 Afternoon Tea Business Valuation department. Stream Chair: Duncan Littlejohn, Managing Director Plus! LP/ GP Speed Networking Fernando Borges, Managing Director, THE CARLYLE GROUP (see above for more information / veja acima para mais informações) Fernando Borges is a Managing Director and the Head of the Carlyle PAUL CAPITAL PARTNERS South America Buyout. Prior to joining Carlyle, Mr. Borges was a Managing Director at AIG Capital Partners and CEO of AIG Capital 14.30 Investments do Brasil. From 1994 to 1999, he was a Director at Bozano- STREAM B – LATIN AMERICA ‘ON THE GROUND’ Simonsen Private Equity, where he was responsible for managing a BRAZILIAN LPS KNOWLEDGE-SHARE SESSIONS private equity fund sponsored by Bozano Simonsen and Advent International. Where Do Brazilian LPs See The Next Opportunities In Private Equity? How Do They Select Managers, & Who Will They SESSÃO ‘ON THE GROUND’ AMÉRICA LATINA: Sidney Chameh, Chairman, ABVCAP COMPARTILHE SEUS CONHECIMENTOS Mr. Sidney Chameh is the Chairman of ABVCAP (Brazilian Association of Invest With? What Returns Do Local LPs Expect From Private Equity and Venture Capital) and he is also founder and partner of Brazilian Private Equity? DGF Investimentos, Brazil. He has been managing investment funds since 1998 and has been working in the financial markets for more than 25 years, 16.40 - 17.40 in banks such as Banco Sudameris, Banco Multiplic, Far e Banco Crefisul. INVESTIDORES BRASILEIROS A series of small workshop groups focusing on topics facing Latin American Onde os LPs Brasileiros Vêm Enxergando Oportunidades de managers & their investors. The sessions deal with the ‘how to’ of structuring 17.10 Negócios no Private Equity? Como eles Escolhem seus deals and dealing with specific issues around private equity in Latin America. Gestores e Com quem Costumam Investir? Quais Retornos os The discussions will be in small groups of 10-15 people and will run FIRST TIME FUNDS Investidores Esperam do Private Equity no Brasil? concurrently. Delegates choose which discussion is of most interest to them, How Does A First Time Fund Attract The Interest Of LPs? How Roberto Luiz Corrêa da Fonseca, Partner and after a set amount of time, will have the chance to move to another Does The Performance Of First Time Funds Compare With TNA GESTÃO PATRIMONIAL discussion group. That Of More Established Firms? Roberto has worked in the Brazilian financial market since 1978, in Sessões com pequenos workshops focados em tópicos que gestores latino- positions that have included VP at Citibank during the 80´s, Deputy CEO americanos e seus investidores vêm enfrentando. As sessões lidam com FUNDOS INICIANTES at ING Bank in Brazil, CEO and Country Manager of Santander Investment Brazil. In addition, Roberto was the Americas Regional Director o“como fazer”na estruturação de negócios e com questões específicas Como um Fundo que Está Iniciando Pode Atrair o Interesse at Alliance Capital, CEO and CIO of BCN Alliance, and Wealth Management Director at relacionadas ao private equity na América Latina. As discussões acontecerão dos Investidores? Como Estabelecer uma Comparação entre o UBS Pactual. Roberto joined TNA in 2007 as a partner. simultaneamente entre pequenos grupos de 10 a 15 pessoas. Os participantes Desempenho de um Fundo Iniciante e de uma Empresa com deverão escolher a discussão que mais os interessa e depois de um período Mauricio da Rocha Wanderley, CIO estabelecido, poderão mudar para outro grupo de discussão. maior Experiência? FUNDAÇÃO VALE DO RIO DOCE DE SEGURIDADE SOCIAL Moderator: Lynn Baranski, Managing Director Maurício da Rocha Wanderley is CIO of the Fundação Vale do Rio Doce BLACKROCK PRIVATE EQUITY PARTNERS de Seguridade Social-VALIA (CVRD’S Pension Fund) with U$ 8.9 billion 1. INSTITUTIONALISATION OF FAMILY Lynn Baranski is the Chief Investment Officer of the BlackRock Private Equity in assets under management. Partners (PEP) group within BlackRock Alternative Investors. Ms. Baranskis BUSINESSES service with the firm dates back to 1997, including her years with Merrill Lynch What Does Private Equity Bring To Family Businesses? How Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, she worked for four years as a portfolio manager and research analyst Do Firms Source Deals & Gain Access, & What Are The in the fixed income division. She joined MLIM in 1997 from Bank of America Securities, Inc., Strategies For Professionalisation, Growth & Dealing With where she was a founding member of the Private Equity Sponsor Advisory group. Generational Change? To register or for more information/ Para se increver ou para mais informações Tel. +44 (0) 20 7017 7200 • Fax. +44 (0) 20 7017 7807 • Email: info@icbi.co.uk8 For latest programme or to register, please visit/ Para o programa atualizado ou para se inscrever, acesse: www.superreturnlatam.com
  • DAY DAY TWO Wednesday 14th March 2012 2 SEGUNDO DIA Quarta-feira, 14 de março de 20121. INSTITUCIONALIZAÇÃO DAS EMPRESAS Federico Schiffrin Private Equity: Senior Vice President Patrice Etlin, Managing Partner, Latin America FAMILIARES UNIGESTION ADVENT INTERNATIONALO que o Private Equity Pode Agregar às Empresas Familiares? (see page 8 for biography) Patrice Etlin joined Advent International in 1997 and started the firm’s investment activities in Brazil. He has 17 years of private equityComo essas Empresas Podem Render Bons Negócios e Quais experience. Previously, Patrice was a partner at International Ventureas Estratégias para Profissionalização, Crescimento e para se Mario Cortés, Director Partners in São Paulo, a General Representative for Brazil at Matra Marconi Space, aLidar com a Sucessão Na Gestão? METLIFE INVESTMENTS LATIN AMERICA subsidiary of Matra-Hachette e Gec-Marconi, and member of the Strategic andRene Werner, Partner, WERNER & ASSOCIADOS Development Group of Matra-Hachette. Patrice is also the Chairman of LAVCA, a board (see page 7 for biography) member of ABVCAP, a member of the Listing Committee of Bovespa Mais and a boardRene Werner teaches the MBA course on ‘Family Business and Entrepreneurship’ at theUniversity of Sao Paulo. Rene also acts as a consultant for Brazilian and international member of GVCepe at Fundação Getulio Vargas.family groups and leads the corporate development of Werner & Associados. Public Markets / Mercado de Ações: 2. POOL OF TALENT Paul Karger, Managing Partner TWINFOCUS CAPITAL PARTNERS Marc Fogassa, Founder & Managing PartnerHow Are Challenges Overcome In Sourcing, Retaining & Paul co-chairs the firms Investment Committee and is responsible for HEDGEFORT CAPITALIncentivising The Very Best Portfolio Company Managers? identifying and evaluating specific alternative investment opportunities in Marc Fogassa manages long/short strategies in public equities traded in real estate, private equity, venture capital and hedge funds. Prior to Brazil, as well as direct investment in Brazilian private companies and real founding TwinFocus, Paul founded and co-managed The Karger Group estate. Hedgefort has offices in Brazil and the U.S. and provides advisory 2. POOL DE TALENTOS within UBS, which consulted on a fee-basis to institutions and high-net-worth individuals. and strategic insight in transactions involving Brazilian assets. Dr. Fogassa worked atComo Superar Desafios no Recrutamento, Retenção e Before joining PaineWebber, UBSs predecessor firm, Paul worked in investment banking Goldman Sachs and later in private equity for several years. He is currently on the BoardIncentivo dos Melhores Profissionais de Nível Gerencial nas concentrating in the Life Sciences space. of Directors of the California Hedge Fund Association.Empresas? Erwin Quartel, Investment Director Real Estate / Imobiliário: ROBECO PRIVATE EQUITY Paulo Roberto Almeida Lima, CEO, PATRINVEST In May 2007, Paulo Roberto founded Patrinvest, aiming the company’s 3. CURRENCIES Erwin joined Robeco in 1999, where he was among the founding team members of Robeco Private Equity. Since 2006 he has been responsible work at the real estate structured finance segment and, since then, theHow Do Managers Deal With Currency Volatility While for the construction of the emerging markets private equity portfolio at company has sold over $1 b in SLB, BTS projects as well as incomeDelivering A Sustainable Return To Investors? Robeco. He serves on a number of investor advisory boards for private generator estates. Prior to this, Paulo worked for 10 years as Bamberg’s equity funds. Before joining Robeco, Erwin worked as a consultant for ING Groups life head of corporate affairs, where he was responsible for negotiations of over 350,000 insurance business in Central and Eastern Europe. square meters of industrial and commercial areas for big corporations. 3. CÂMBIODe que Maneira os Gestores Conseguem Lidar com a 09.15 10.25 – 10.40Volatilidade do Cambio e ao Mesmo Tempo Entregar Retornos Followed by panel discussion and Q&ASustentáveis a seus Investidores? LATIN AMERICAN POOLS Na sequência, painel de discussão e perguntas e respostas OF CAPITAL Patrice Etlin, Managing Partner, Latin America 4. TAX REGIMES Analysing The Regulatory Changes Enabling Latin American ADVENT INTERNATIONALComparing Changing Tax & Regulatory Regimes In Latin LPs To Invest More Significantly In Private Equity: How Are Marc Fogassa, Founder & Managing Partner, HEDGEFORT CAPITALAmerican Jurisdictions: What Do LPs & GPs Need To Be Peruvian, Colombian & Chilean Investors Responding To The Paulo Roberto Almeida Lima, CEO, PATRINVESTAware Of? Changing Environment? What Are The Barriers To Further Investment Into Private Equity Globally? 10.40 Morning Coffee/ Coffee Break da Manhã 4. REGIMES TRIBUTÁRIOS RESERVAS LATINO AMERICANAS 11.00Como Estabelecer uma Comparação entre as Mudanças de Uma Análise das Mudanças Regulatórias que Permitem queRegimes Tributários e Regulatórios nos Países da América LPs Latino Americanos Invistam de Forma mais Significativa BRAZILIAN INVESTOR REGULATIONSLatina: Sobre Quais Pontos Investidores e Gestores Devem To What Extent Are Regulations Surrounding Brazilian LPsFicar Atentos? em Private Equity: Como Investidores do Peru, Colômbia e Chile Estão Reagindo ao Ambiente em Transformação? Quais Deterring International Investment Into Brazilian Funds? What17.40 - 18.40 São as Barreiras Existentes para Investimento em Private Does This Mean For Brazilian Private Equity & What Will Be Equity Globalmente? The Driver Of Change In The Way Local LPs Invest?Sector Specific Champagne Roundtable Discussions(see page 8 for more details) Javier Freyre, CEO, INVITA SEGUROS DE VIDA Y PENSIONES InVita Seguros de Vida y Pensiones is a Peruvian life insurance company owned by ING Group and the local Wiese family. InVita is the third largest life insurance company in REGULAÇÃO IMPOSTA AOS INVESTIDORESMesas Redondas Setoriais com Champanhe Peru and the market leader in the annuities business with total AUM in excess of US$ BRASILEIROS(veja a página 8 para mais detalhes) 800 MM. Previously, Mr. Freyre worked as a Senior Vice President of Corporate Finance Até que Ponto as Regulações Impostas aos Investidores at Santander Investment where he spent time advising local and international18.00 - 19.30 corporations in M&A, capital markets, corporate financing and project finance Brasileiros Estão Inibindo o Investimento Internacional em transactions. Fundos Brasileiros? O que Isso Significa para o Private EquityGala Networking Reception Brasileiro e O que Motivará os LPs Locais a Mudarem Sua(see page 8 for more details) Mateo Ossa Vice-President, Investments Maneira de Investir? Moderator: Otávio Vieira, Partner, FIDES ASSET MANAGEMENTCoquetel de Gala e Networking COLFONDOS Mr. Vieira has recently moved from Safdie Gestao de Patrimonio to Fides Asset(veja a página 8 para mais detalhes) (see page 7 for biography) Management as Partner. He began his career as a fixed income sales & trading associate. Later on, he performed the role of fixed income senior trader for bank19.30 proprietary desks. After graduating with an MBA in the US, he made a transition intoEnd of Day One/ Encerramento do Primeiro Dia Jorge Eduardo Espada Salazar, Risk Manager, PROFUTURO wealth management services. Mr. Salazar has 17 years of hands-on experience in pension fund and mutual fund business management across Latin America, as well as direct Carlos Augusto F. de Carneiro, Portfolio Manager, BNDES responsibility for the risk management decisions of 5.0 USD billion in Carlos has a master degree in Businesses Administration, MAB in wealth management at Scotiabank in Peru. Finance and a degree in Business Administration. He is currently the DAY TWO Portfolio Manager for Venture Capital and Private Equity Funds at BNDES. Wednesday 14th March 2012 09.45 Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) Julie joined CPPIB in 2007 and is focused on assessing and managing SEGUNDO DIA KEYNOTE ADDRESS primary fund commitments on a global basis. Julie sits on a number of Quarta-feira, 14 de março de 2012 Advisory Committees and is responsible for CPPIB’s European and Latin CONSIDERAÇÕES DO KEYNOTE SPEAKER American fund investment activities. Prior to joining CPP Investment Board, Julie worked with The Boston Consulting Group. Antonio Bonchristiano, Co-Chairman & Co-CEO GP INVESTIMENTOS Gabriel Amado de Moura, Director of Investments08.25 Coffee & Registration/ Café da Manhã e Credenciamento Mr. Bonchristiano joined GP Investimentos S.A. in 1993 and has been a FUNDAÇÃO ITAÚ UNIBANCO partner thereof since 1995. He serves as a member of the board of directors of Estácio Participações, Brazil Hospitality Group and Mauricio da Rocha Wanderley08.35 Chairmans Opening & Welcome/ Boas vindas e abertura do presidente de mesa BRProperties. He previously served as a member of the board of directors CIO of ALL, Gafisa, Hopi Hari and Submarino. He was also previously a chief financial officer of FUNDAÇÃO VALE DO RIO DOCE DE SEGURIDADE SOCIAL SuperMar Supermercados and founder and chief executive officer of Submarino. Mr. (see page 8 for biography)08.45 Bonchristiano is a member of the Association Internationale de Bibliophilie, a member of the Grolier Club and was selected as a Young Global Leader by the World Economic Forum. GLOBAL VS. PAN-REGIONAL VS. COUNTRY-SPECIFIC FUNDS VS. 10.10 11.30 FUNDS OF FUNDS THE SUPERRETURN LATIN AMERICA MID MARKETWhat Is The Best Way To Gain Exposure To Latin American Is The Real Opportunity In The Mid Market? How Is IncreasedPrivate Equity? What Is The Rationale For Investing In Each DEBATE Competitiveness In This Segment Impacting The ReturnType Of Fund & What Is The Trade-Off Between Depth & What Is The Best Way To Gain Exposure To Brazil? How Do Potential? How Are Innovative Firms Sourcing The Best Deals?Breadth? You Balance Returns With Liquidity? Each speaker has 5 minutes to make their case, followed by Q&A from the floor. The audience will vote to decide the winning strategy: MID MARKET FUNDOS GLOBAIS X FUNDOS As Reais Oportunidades Estão Mesmo no Mid Market? De que Forma a Competitividade Cada Vez Mais Intensa Neste PAN-REGIONAIS X FUNDOS LOCAIS X DEBATE SUPERRETURN Segmento Está Impactando o Potencial de Retorno? Como as FUNDOS DE FUNDOS LATIN AMERICA Empresas Inovadoras Estão Despontando como os MelhoresQual a Melhor Forma de Conquistar Exposição em Private Qual a Melhor Forma de se Ganhar Exposição no Brasil? Como Negócios?Equity na América Latina? Quais as Razões para se Investir Equalizar Retornos com Liquidez? Moderator: Malcolm McLelland, Director - Research andem cada tipo de Fundo? Quais os Prós e Contras do Cada palestrante terá 5 minutos para apresentar seu estudo de caso, com Analytical Services, EQUILIBRIO CAPITAL BRASILAprofundamento e da Amplitude? Malcolm has over 20 years experience in accounting, auditing, posterior espaço para perguntas e respostas. A audiência irá eleger a management consulting, and research. His primary area of expertise is in Moderator: Inés Andrade Moreno, Managing Partner estratégia vencedora: financial modelling and econometric analysis. His recent work has focused ALTAMAR PRIVATE EQUITY on assisting U.S. businesses in analysing and estimating demand in Ines has been with Altamar since 2008. Prior to this, Ines spent three 10.10 – 10.25 Brazilian product markets, planning and developing Brazilian operations, and in years as CIO of Grupo Rio Real, a Spanish Family Office with a Multi optimising business structure to minimise supply chain costs. Asset Class Investment Strategy. Ines has 16 years of direct Private Moderator: Mark O’Hare, Managing Director, PREQIN Equity experience, being part of the executive committees and boards of Mark O’Hare is Founder and Managing Director of Preqin, the alternativedirectors at several investee companies. In addition to this, Ines spent four years in the assets information service. Preqin provides extensive research and dataFinancial Advisory M&A department of JP Morgan in the New York and Madrid offices. on the entire global alternative assets industry, covering private equity, private real estate, infrastructure and hedge funds. Preqin is an independent business with 63 staff based in London and New York, providing market-leading online and hard copy data services to many of the world’s leading institutional investors, money managers and advisors. Se você preferir ser atendido em português, por favor, contate: 9 IBC Brasil; Telefone: +55 11 3017 6888 • Fax: +55 11 3017 6913 • Email: superreturn@informagroup.com.br
  • DAY DAY TWO Wednesday 14th March 2012 2 SEGUNDO DIA Quarta-feira, 14 de março de 2012 Alexandre Saigh, Managing Partner & Head of Private Equity 14.45 INFRAESTRUTURA NO BRASIL PÁTRIA INVESTIMENTOS Mr. Saigh was one of the Founders of Pátria in 2001 developing and ENERGY & NATURAL RESOURCES Quais as Oportunidades que Estão Surgindo em Decorrência leading the efforts for Pátria to become a leading alternative investment firm A Comparison Of Opportunities In Energy & Natural dos Grandes Eventos Esportivos que Acontecerão no Brasil? in Brazil. Mr. Saigh joined Patrimônio (Pátria’s predecessor company) in Resources In The Various Latin American Markets: How Does Existem Negócios em Infraestrutura no País Além da 1994, as a Managing Partner responsible for private equity business. Olimpíada? Até que Ponto o Governo Brasileiro Está Aberto a Between 1994 and 1997, while developing Patrimônio’s private equity business, Mr. Saigh Private Equity Get Access To These Opportunities & Are The was CEO and CFO of Drogasil, Pátria’s first private equity investment. Prior to joining Risks Appropriate For The Asset Class? Permitir o Investimento Internacional para Geração dos Patrimônio, Mr. Saigh worked at JPMorgan Investment Bank from 1989 to 1994, as a Vice Retornos Apropriados? President for its private equity, corporate finance and M&A divisions. Moderator: Ricardo Pedrosa, Director, Private Equity Erik Peterson, Regional Managing Partner ENERGIA E RECURSOS NATURAIS BANIF INVESTMENT BANK Comparativo das Oportunidades em Energia e Recursos (see page above for biography) AUREOS LATIN AMERICA Naturais nos Diversos Mercados da América Latina: Como o Mr. Peterson has over fifteen years of experience in private equity and investment banking. Prior to Aureos, Mr. Peterson worked at Provident Private Equity Pode Aproveitar essas Oportunidades e Será Group Limited, Bank America Robertson Stephens and Bank of America. At que os Riscos São Apropriados a esta Classe de Ativos? Bank of America, Mr. Peterson was responsible for US$150 million of the Luiz Armando Sedrani, Head of Private Equity - Structuring & Eduardo Farhat, Principal and Head of Infrastructure Brazil bank’s equity portfolio in Latin America, which was primarily invested in the financial Research, BANCO VOTORANTIM DARBY OVERSEAS INVESTMENTS services, forestry and energy sectors. He also advised clients on the first power Luiz has more than 14 years of experience in Brazilian equity markets. He Eduardo is a Principal with Darby Overseas Investments, and Manager of privatisations in Peru and Colombia, as well as clients in the oil, gas and telecom sectors in joined Banco Votorantim in 1996 as an investment analyst for a wide Brazil Mezzanine Infrastructure, a private equity fund focused on the other parts of Latin America. range of industries including telecoms, food, retail and agribusiness. Prior Brazilian infrastructure sector, which was raised with key Brazilian to this, Luiz was an equity portfolio manager, responsible for a portfolio of institutional investors. With almost 15 years of experience in running Jose Fernandez, Managing Director, STEPSTONE GLOBAL private equity funds, Eduardo was executive director of AG Angra Investimentos and of Mr. Fernandez focuses on US-based small market managers, Latin USD 700M, as well as sector allocation and derivatives. Since 2007, he has been one of the leaders of the private equity team, with active participation in business structuring and Southern Cross. Eduardo started his career as a consultant with McKinsey & Co and also American investments and venture capital and growth equity investments. worked at KPMG and Grupo Vicunha. Prior to founding StepStone, Mr. Fernandez was a Managing Director of a investment monitoring. private equity investment firm that oversaw over US$15 billion of private Erik Bethel, Managing Partner, SINOLATIN CAPITAL Renato Mazzola, Director, Private Equity Infrastructure equity commitments for institutional investors. Mr. Fernandez previously Erik Bethel has 17 years of experience in private equity and investment BTG PACTUAL worked with Latham and Watkins LLP’s Private Equity/Investment Fund Group. banking in the natural resources and infrastructure sectors. He previously Renato Mazzola joined BTG Pactual in 2011 as the Manager of worked as a Managing Director at China’s first private equity fund-- Infrastructure. Prior to this, Renato was a Senior Investment Officer at the 12.00 ChinaVest, as well as at JP Morgan Partners. Prior to this, he worked at Inter-American Development Bank (IDB) for 5 years, responsible for Morgan Stanley’s Latin America group, and at Emerging Markets structuring the financing of large infrastructure projects in Latin America. BRAZIL MACROECONOMIC ADDRESS Partnership’s US$1 billion Latin American Infrastructure Fund. His US$4 billion worth of Before this, Renato worked at JPMorgan for 5 years. Is The Current Strong Growth Of The Brazilian Economy transaction experience spans both Latin America and China. Allan Haddid, CEO, BRZ INVESTIMENTOS Ultimately Sustainable? Examining Volatility In Inflation & Ben McKeown, Partner, SENTIENT GROUP Allan Hadid joined BRZ Investimentos in May 2010. Previously, he served as CFO and Interest Rates, Currency Valuation & Capital Flows: How Ben has worked in a variety of technical and commercial roles in both the Head of Investor Relations at GP Investimentos. From 2002 to 2006, he was CIO of a Dependent Is Brazil On The Asian Growth Story & What Would mining and oil and gas industries (principally with BP and Total) Brazilian family office. Prior to this, he managed an international fund of funds and from throughout his career. Prior to joining Sentient in 2007, Ben was involved 1998 to 2000 was a portfolio manager at Banco Matrix. Happen If Asian Growth Slows? in investing in the mining and energy sectors, primarily with Actis, an emerging markets focused private equity group, where he was part of the 17.10 End of Conference / Encerramento da Conferência CONSIDERAÇÕES SOBRE A minerals, oil and gas team, and was ultimately responsible for oil and gas investing. As a Partner of Sentient, Ben has a focus on Latin America and energy. MACROECONOMIA NO BRASIL 15.15 STREAM B – BUSINESS ISSUES Será que o Crescimento Intenso da Economia Brasileira É NEGÓCIOS EM FOCO Realmente Sustentável? De que Forma o País é Dependente REAL ESTATE do Crescimento Asiático e o que Aconteceria se a Ásia Stream Chair: Mark OHare, Managing Director, PREQIN Where Are The Best Real Estate Opportunities In Latin Sofresse com a Desaceleração Considerando a Volatilidade na America? Who Is Active In This Asset Class & Where Does 14.15 Inflação e Taxas de Juros, Valorização do Câmbio e Fluxos de Latin American Real Estate Fit In An Alternatives Portfolio? Capital? ADDING VALUE Luís Afonso Lima, Chief Economist, Finance Director How Easy Is It For Managers To Add Value To Portfolio TELEFONICA DO BRASIL IMOBILIÁRIO Companies In Latin America? What Does Private Equity Bring Luís has been Chief Economist at Telefónica Group since 2005, having Quais as Melhores Oportunidades em Real Estate na América To The Table & What Is The Scope For Regionalisation? previously been Senior Economist at Bradesco. Prior to this, Luís worked at Latina? Quem se Destaca nesta Classe de Ativos e Onde o Companhia Energética de São Paulo, Banco Mercantil de São Paulo- FINASA., Banco Real de Investimentos and Arthur Andersen. Luís is also Real Estate Latino Americano se Encaixa em um Portfólio? President of SOBEET - Brazilian Society for the Study of Transnational Companies, a Adrián Aguilera, Founder and Co-CEO AGREGANDO VALOR Brazilian think tank. VERTEX REAL ESTATE INVESTORS Qual o Grau de Facilidade para que os Gestores Agreguem Adrián has over 20 years of experience in the financial sector, including 7 Valor às Empresas de Portfólio na America Latina? O que O 12.40 years in corporate and investment banking focused solely on real estate in Mexico and the rest of Latin America. From 2007 to 2009, Adrian was a Private Equity Traz para o Cenário e Qual é o Escopo da Delegate Quickfire Showcase Director for Latin America in Credit Suisse’s Real Estate Finance and Regionalização? In this informal session, delegates will have 90 seconds to promote their fund to Securitisations Group. Prior to that, Adrián was Director in GE Real Estate and also a panel of LPs without using fund data, statistics or overt comparisons to other worked in Banca Serfín, Rabobank International and Societé Generale accumulating vast 14.45 funds. Our expert LP judging panel give each delegate a score out of 10 for experience in corporate finance, investment banking, financial derivatives and real estate financing. content, style and presentation and the winner receives a fabulous prize. FUNDS OF FUNDS Nesta sessão informal, os participantes terão 90 segundos para promover seu Pedro Barcos, Director & Senior Portfolio Manager What Niche Are Funds Of Funds Finding In Latin America? What fundo a um painel de investidores sem utilizar dados do fundo, estatísticas ou PRUDENTIAL REAL ESTATE INVESTORS Justification Do They Provide For An Extra Layer Of Fees? comparações com outros fundos. Nosso júri de investidores dará a cada participante uma nota que vale até 10 para o conteúdo, o estilo e a apresentação. O vencedor levará um prêmio incrível! FUNDOS DE FUNDOS Em Quais Nichos os Fundos de Fundos Estão Focando na Paulo Roberto Almeida Lima, CEO, PATRINVEST America Latina? Como Eles Justificam as Taxas Extras que 13.00 Lunch/ Almoço (see page 9 for biography) São Cobradas? Steve Cowan, Managing Director, 57 STARS Plus! ‘Meet The LP’ Hosted Lunch Tables 15.45 Afternoon Tea/ Coffee Break da Tarde Mr. Cowan is a founder of 57 Stars, an independent global investment Sign up to share lunch and informal conversation with powerful LPs: manager owned and managed by its investment team with more than USD 1 billion under management focused on partnership and co- Extra! Mesas de ‘Encontro com Investidores’ 16.10 investment in select private equity markets outside of the United States, Inscreva-se para participar de um almoço com um bate-papo informal com primarily in emerging markets. Prior to 57 Stars, Mr. Cowan served in the grandes investidores: RENEWABLES Investment Funds Department of the Overseas Private Investment Corporation (OPIC). Where In The Renewables Sector Are The Investible Assets Otávio Vieira, Partner, FIDES ASSET MANAGEMENT For Private Equity? How Are Government Incentives Changing Gerhard Pries, CEO & President Carlos Augusto F. de Carneiro, Portfolio Manager for VC/PE Funds, BNDES In The Various Jurisdictions? SARONA ASSET MANAGEMENT Julie Gray, Principal, CPP INVESTMENT BOARD (CPPIB) Gerhard is the Founding President of Sarona Asset Management Inc. and the Sarona funds; Founding Director and Vice-Chairman of MicroVest Plus! VIP Hosted Tables / Extra! Mesas VIP RENOVÁVEIS General Partner Holdings, and Chairman of the Investment Board of De que Forma o Setor de Energias Renováveis se Configura MicroVest Capital Management. He has previously served as CFO of Luís Afonso Lima, Chief Economist, Finance Director MEDA, Founding Chairman of MicroCap Capital Management and Latin America TELEFONICA DO BRASIL como um Ativo Interessante para o Private Equity? Como os Challenge Investment Fund, Founding Director of International Association of Micro Incentivos Governamentais têm Mudado nos Países da Finance Investors, and as Director of numerous companies in the financial services and América Latina? agribusiness industries. STREAM A – SECTORS & ASSET CLASSES Ricardo Pedrosa, Director, Private Equity BANIF INVESTMENT BANK Arslan Mian, Managing Director SETORES E CLASSES DE ATIVOS Ricardo has over 12 years of experience in investment banking, private BLACKROCK PRIVATE EQUITY PARTNERS equity and advisory, with principal focus on the infrastructure sector. Prior Arslan Mian is responsible for the sourcing, monitoring and diligence of to working at Banif Investment Bank, he was a member of Depfa Banks primaries, secondaries and direct co-investments at BlackRock Private 14.15 Infrastructure Finance & Advisory team, where he worked extensively with Equity Partners (PEP). Prior to joining PEP in 2005, he was a principal public and private sector clients, both on the advisory and also on the structuring and with UBS Capital Americas focused on direct PE investing in the US, after underwriting of PPP projects. Prior to this, he headed the Business Development team of spending several years in UBSs Mergers & Acquisitions Group in London and Financial THE TREND TOWARDS Banco Efisa. Sponsors Group in New York. Mr. Mian also worked as a Vice President in TD Securities SECTOR SPECIFIC FUNDS Rogério Brenand Pazzim, Investment Manager Financial Sponsors Group. Is The Latin American Private Equity Market Mature Enough ELOS - FUNDAÇÃO ELETROSUL DE PREVIDÊNCIA E To Sustain Sector Specific Funds? Which Sectors Support 15.15 ASSISTÊNCIA SOCIAL Specific Funds & How Does The Risk/Return Profile Compare Rogério has been an Investment Manager at Fundação Eletrosul de FUNDRAISING OUTLOOK With That Of Generalist Funds? Previdência e Assistência Social – ELOS, since 2009. He has previous experience at Fator Asset Management, is on the auditing committee of Examining The Bifurcation Of Managers: Who Will Raise Uirapuru Electric Power Transmission and a member of the committee for the Wind Funds Easily & Why? What Happens To The Rest? TENDÊNCIA EM FUNDOS SETORIAIS Power Complex in Santana do Livramento. Será que o Mercado Latino Americano Está Maduro o 16.40 PANORAMA DO FUNDRAISING Suficiente para Sustentar os Fundos Setoriais e Como Uma Análise sobre a Divisão de Gestores: Quem Irá Levantar Comparar Risco e Retorno nesses Fundos com os Fundos de INFRASTRUCTURE IN BRAZIL Fundos Mais Facilmente e Por quê? O que Acontece com o Perfil Mais Generalista? What Opportunities Are Becoming Available Linked To The Resto? Christopher Meyn, Partner, GÁVEA INVESTIMENTOS Large Upcoming Sporting Events? Is There More To Brazilian Christopher Meyn joined Gávea Investmentos in January 2006 and is the Mark O’Hare, Managing Director, PREQIN Partner responsible for the day-to-day management of the Gávea Investment Infrastructure Than The Olympics? How Open Is The (see page 9 for biography) Funds (Private Equity) Group. Previously, Christopher served as a Managing Government To Enabling Foreign Investment In Infrastructure Director and Investment Committee member for Latinvest Asset To Generate Appropriate Returns? Management and its US-based parent, Globalvest Management Company. To register or for more information/ Para se increver ou para mais informações Tel. +44 (0) 20 7017 7200 • Fax. +44 (0) 20 7017 7807 • Email: info@icbi.co.uk10 For latest programme or to register, please visit/ Para o programa atualizado ou para se inscrever, acesse: www.superreturnlatam.com
  • DAY DAY TWO Wednesday 14th March 2012 2 SEGUNDO DIA Quarta-feira, 14 de março de 2012 15.45 Afternoon Tea/ Coffee Break da Tarde 16.40 CASE STUDY ON IMPACT INVESTING Speaking, Sponsorship & 16.10 How Is Impact Measured & What Are Appropriate Return Exhibition Opportunities Still ESG Expectations? The Evolution Of Socially Responsible Investing & ESG. What Available Are The Drivers Of This Trend & What Do LPs Expect From ESTUDO DE CASO SOBRE O GPs In Terms Of Governance, Transparency & Information? Oportunidades de Palestras, IMPACTO DO INVESTIMENTO SUSTENTABILIDADE, RESPONSABILIDADE Como Mensurar o Impacto e Quais São as Expectativas de Patrocínio e Exposição Ainda Retorno Mais Apropriadas? SOCIAL E AMBIENTAL Maria Cavalcanti, Chief Strategy Officer Estão Disponíveis A Evolução do Investimento Socialmente Responsável e FUNDACIÓN AVINA Sustentável. Quais São os Motivadores dessas Tendências e Ms. Cavalcanti has served as Chief Strategy Officer at Fundación AVINA To promote your company to this fantastic o Que os Investidores podem Esperar dos Gestores em for the past three years where, among other responsibilities, she oversees audience please contact: the foundation’s efforts to foster collaborative partnerships with Termos de Governança, Transparência e Informação? sustainable businesses and programs throughout Latin America, know as Stephen Fischer, Investment Manager the Inclusive Markets Initiative. Para promover sua empresa a essa fantástica BLUE ORCHARD INVESTMENTS audiência, entre em contato conosco: 17.10 Joachim Schumacher, Director, Equity & Mezzanine, DEG End of Conference/ Encerramento da Conferência Latin America: Kelly Naomi, tel: +55 11 3017 6843 (see page 8 for biography) e-mail: kelly.naomi@ibcbrasil.com.br Rest of World: Ian Law, tel: +44 (0)20 7017 7297 e-mail: ilaw@icbi.co.uk ABOUT YOUR SPONSORS SOBRE OS PATROCINADORES Actis invests exclusively in the emerging markets. With a growing portfolio Actis investe exclusivamente em mercados emergentes. Com um portfólio of investments in Asia, Africa and Latin America; we currently have crescente de investimentos na Ásia, África e América Latina, temos US$4.6bn funds under management. Our work at Actis is driven by the atualmente US$ 4.6 bilhões em fundos sob nossa gestão. Nosso trabalho conviction that we bring more than capital to our investments; we bring na Actis é norteado pela convicção de que nós oferecemos mais do que benefits to our investee companies, investors and broader society. We call capital a nossos investimentos, nós trazemos benefícios às empresas this ethos the positive power of capital. Combining the expertise of over 100 investidas, investidores e para a sociedade. Chamamos esse espírito de investment professionals on the ground in nine countries, we are proud to poder positivo do capital. Combinando a experiência de mais de 100 actively and positively grow the value of those companies in which we profissionais de investimentos, baseados em nove países, temos orgulho invest. Actis closed its pan-emerging markets private equity fund, Actis de trabalhar de forma ativa e contribuir positivamente para o valor das Emerging Markets 3 (‘AEM3’) in November 2008, with commitments totalling US$2.9bn and its pan-emerging companhias em que investimos. A Actis fechou seu fundo de private equity pan-mercados emergentes, o Actis markets infrastructure fund, Actis Infrastructure 2, on 30 September 2009 with commitments totalling US$750m. Emerging Markets 3 (“AEM3) em novembro de 2007, comprometendo um total de US$ 2.9 bilhões e seu fundo In November 2010, Actis announced its third deal in Brazil in three months. A supermarket chain – CSD; a de infraestrutura pan-mercados emergentes, Actis Infrastructure 2, em setembro de 2009, comprometendo um cleaning products business – Gtex; and the country’s top independent retail brokerage – XP Investimentos: total de US$ 750 mil. Em novembro de 2010, a Actis anunciou seu terceiro negócio no Brasil em três meses. diverse businesses serving the growing needs of the consumer classes in a fast-paced, competitive and Uma cadeia de supermercados – CSD, uma empresa de produtos de limpeza – Gtex e a maior corretora exhilarating market. independente de varejo do país – XP Investimentos: diversos negócios servindo a necessidade de crescimento das classes consumidoras em um mercado acelerado, competitivo e estimulante. Almeida Bugelli e Valença is a law firm where partners work directly with the client, integrating teams to value to every project taken on. The partners, Almeida Bugelli e Valença Advogados Associados é onde os sócios trabalham Silvia Bugelli, Marcelo Valença and Rodrigo Ratto, have all been lawyers for diretamente com o cliente, integrando as equipes, de forma a agregar valor more than 20 years, contributing to the transformation of an underdeveloped aos projetos. Os sócios Silvia Bugelli, Marcelo Valença e Rodrigo Ratto são Brazil into the emerging global 21st Century market it is today. The partners advogados há mais de 20 anos e contribuíram para transformar o Brasil effectively respond to institutional advancements as well as improvements in subdesenvolvido e regional do século 20 em país emergente e global no the technology and innovation of their clients’ businesses. The partners at século 21. Atuaram e atuam nos avanços institucionais e de forma Almeida Bugelli e Valença are specialists in Capital Markets, Corporate, tecnológica e inovadora nos negócios de seus clientes. Somos especialistas Banking, Real Estate, Contracts, M&A Acquisitions, Corporate Management and provide specialist support in Tax em Mercado de Capitais, Societário, Bancário, Imobiliário, Fusões e Aquisições, Gestão Corporativa e suporte and Litigation especializado em Tributário e Contencioso. Altamar Private Equity was founded in 2003 by three partners with extensive experience in the fields of A Altamar Private Equity foi fundada em 2003 por três international Private Equity and Investment Banking. The sócios com experiência no Private Equity internacional e em company´s objective has always been to offer institutional Bancos de Investimento. O objetivo da empresa sempre foi investors and family offices, mostly from Spain and Latin fornecer a investidores institucionais e Family offices, em America, the adequate vehicles through which they can sua maioria espanhóis e latino americanos, a maneira invest in optimally selected portfolios of top Private Equity Funds globally. In 2004, Altamar was authorised by adequada para que pudessem investir de forma otimizada em portfólios do que existe de melhor em Fundos de regulators in Spain to create the first Private Equity Fund of Funds management company in the country. Altamar Private Equity globalmente. Em 2004, a Altamar foi autorizada pelos órgãos reguladores da Espanha a criar a is currently Spain´s leading player in the Private Equity Fund of Funds market, with €1,2 billion (US$ 1,7 billion) primeira empresa gestora de Fundos de Fundos de Private Equity do país. A Altamar é hoje o líder de mercado of Assets Under Management distributed among four existing funds (Altamar Buyout Europa FCR, Altamar em Fundos de Fundos de Private Equity, com 1,2 bilhões de Euros (1,7 bilhões de Dólares) de ativos geridos Buyout Global FCR, Altan Inmobiliario Global FIL and Altamar Secondary Opportunities FCR). A new Fund of distribuídos entre quatro fundos (Altamar Buyout Europa FCR, Altamar Buyout Global FCR, Altan Inmobiliario Funds, Altamar V, has been launched recently and will have a series of closings during 2011 and 1H 2012. Global FIL and Altamar Secondary Opportunities FCR). Um novo Fundo de Fundos, Altamar V, foi lançado Altamar´s investment strategy was established with a view to obtain long term capital gains with an optimum risk/ recentemente e terá uma série de fechamentos entre 2011 e 2012. A estratégia de investimento da Altamar é return profile within the Private Equity asset class; This is achieved by the creation of well diversified global beseada em ganhos de capital no longo prazo com uma ótima relação entre risco e retorno no Private Equity. portfolios of 15 – 20 funds per Fund of Funds, all selected from a constantly revised “short list” of top performing Isso tem sido alcançado com a criação de portfólios globais bastante diversificados de 15 a 20 fundos por Fundo Private Equity managers, with track records spanning through several economic cycles. de Fundos, todos selecionados a partir de uma criteriosa lista dos gestores de Private Equity com as melhores performances, com um repertório que passou por diversos ciclos econômicos. We solve economic inefficiency problems of medium-sized enterprises by generating information, providing buyers and sellers with the information they need to evaluate A Equilibrio Capital resolve o problema da ineficiência econômica das médias empresas economic opportunities, advising them on how to capture such opportunities, and através de geração de informação, provendo compradores e vendedores com informações facilitating efficient information flows and transparent interactions between buyers and necessárias para avaliar as oportunidades econômicas, assessorando-os em como sellers. More specifically, we assist our clients in capturing business opportunities through identificar e aproveitar tais oportunidades, e propiciando um eficiente e transparente fluxo the following activities: de informações entre os compradores e os vendedores. Research. We conduct industry and firm-level exploratory and empirical research to identify Mais especificamente, assistimos nossos clientes na identificação e captura de and measure potential economic opportunities, develop strategies to capture such oportunidades de negócios através das seguintes atividades: opportunities, optimise strategies for our clients, estimate asset and equity values, and design business portfolio Pesquisar. Conduzimos pesquisas empíricas sobre a indústria para identificar e mensurar strategies. potenciais oportunidades econômicas, desenvolver uma estratégia para identificar e aproveitar esta Inform. We publish our general research findings to broadly inform potential buyers and sellers of opportunities. oportunidades, otimizar as estratégias para nossos clientes, estimar o valor justo dos ativos e “equity”, e definir When appropriate, we disclose specific opportunities and strategies to selected buyers and sellers. estratégias para o portfólio de negócio. Advise. We identify, engage and qualify potential buyers and sellers for private capital market transactions; we Informar. Disponibilizamos nossas pesquisas para o mercado, informando potenciais compradores e vendedores use our research on economic inefficiencies to advise buyers and sellers on optimal strategies, resource qualificados, sobre as oportunidades identificadas. Quando apropriado, divulgamos oportunidades específicas e acquisition, negotiations, transaction structure, and pricing. estratégias para compradores e vendedores selecionados. Facilitate. We facilitate confidential information flows and interactions between well-qualified buyers and sellers in Assessorar. Identificamos, contatamos e qualificamos potenciais compradores e vendedores interessados em a way that promotes transparent, efficient negotiations, transaction structure, and pricing. transações no mercado de capitais (“private placement”), utilizamos nossas pesquisas sobre ineficiências In short, our activities facilitate the creation and flow of information between buyers and sellers that drives econômicas para assessorar compradores e vendedores na definição da melhor estratégia, obtenção de economic efficiency. recursos, negociação, transação, estruturação e definição do valor (“price”). Facilitar. Facilitamos a distribuição de informações confidenciais e a interação entre os compradores e Warburg Pincus is a leading global private equity vendedores qualificados de forma a promover uma negociação transparente e eficiente, sobre a estrutura da firm. The firm has more than $30 billion in assets transação e sobre o “price” da negociação. under management. Its active portfolio of more than Estas atividades facilitam a criação e o fluxo de informações entre os compradores e vendedores que levam a 125 companies is highly diversified by stage, sector eficiência econômica. and geography. Warburg Pincus is a growth investor and an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 13 private equity Warburg Pincus é líder global entre as empresas de funds which have invested more than $35 billion in over 650 companies in more than 30 countries. The firm is private equity. A companhia tem mais de 30 bilhões headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, de dólares de ativos sob seu gerenciamento. Seu Mauritius, Mumbai, San Francisco, São Paulo and Shanghai. For more information, please visit portfólio ativo tem mais de 125 empresas e é www.warburgpincus.com altamente diversificado por estágio, setor e localização geográfica. A Warburg Pincus é um investidor experiente com grande expertise na gestão de times com o objetivo de construir empresas sólidas e de valor sustentável. Fundada em 1966, a Warburg Pincus captou 13 fundos de private equity que investiram mais de 35 bilhões de dólares em 650 empresas de mais de 30 países. A Warburg Pincus está sediada em Nova Iorque com escritórios em Amsterdã, Pequim, Frankfurt, Hong Kong, Londres, Luxemburgo, Ilhas Maurício, Bombaim, São Francisco, São Paulo e Xangai. Para mais informações, acesse HYPERLINK "http://www.warburgpincus.com/" o "blocked::http://www.warburgpincus.com/http://www.warburgpincus.com/" www.warburgpincus.com. Endorsed by Media Partners Se você preferir ser atendido em português, por favor, contate: 11 IBC Brasil; Telefone: +55 11 3017 6888 • Fax: +55 11 3017 6913 • Email: superreturn@informagroup.com.br
  • Registration Form Ficha de InscriçãoRegister Now – Five Easy Ways! Cinco Meios de Inscrever-se Agora!1. Fax this form to +44 (0)20 7017 7807; 2. Telephone +44(0)20 7017 7200; 1. Fax: +55 11 3017 6913 ; 2. Telefone +55 11 30176888;3. Email: info@icbi.co.uk or 4. www.superreturnlatam.com. 3. Email: superreturn@informagroup.com.br 4. www.superreturnlatam.comAlways quote your VIP CODE when registering. Sempre peça seu código VIP ao se inscrever Venue Details /Local Tivoli Hotel, Sao Paulo, Brazil Download hotel booking forms at www.superreturnlatam.com Dates/Data Faça o download de reserva do hotel em: www.superreturnlatam.com ● Main Conference: 13th - 14th March 2012 ● Conferência: 13 a 14 de março de 2012 FREE for public pension funds, endowments, foundations, sovereign ● Summit: 12th March 2012 wealth funds, DFIs and ILPA Summit: 12 de março de 2012 members (subject to verification). Maximum 2 free passes per www.superreturnlatam.com organisation. To apply, please contact Laura Griffin, VIP Delegate Relations Manager Please do not cover VIP code at lgriffin@icbi.co.uk CONFERENCE CODE: FKR2326 Book By / Inscrições até SAVE Book By / Inscrições até SAVE Book After / Inscrições após SAVE Please Select Your Package / Escolha seu pacote Dates / Datas 2nd December 2011 10th February 2012 10th February 2012 2 de Dezembro de 2011 Economize 10 de Fevereiro de 2012 Economize 10 de Fevereiro de 2012 Economize ❑ 3 DAY PACKAGE: Main Conference / Conferência Principal + 12-14 March 2012 ❑ LP Summit 12 a 14 de março $3298 $900 $3598 $700 $3798 $500 ❑ Private Equity As An Asset Class Workshop de 2012 13-14 March 2012 ❑ 2 DAY PACKAGE: 13 a 14 de março de $2199 $400 $2399 $200 $2599 Main Conference Only / Apenas Conferência Principal 2012 ❑ 1 DAY PACKAGE: Summit Only / Apenas Summit 12 March 2012 ❑ LP Summit 12 de março de 2012 $1599 $100 $1699 $1699 ❑ Private Equity As An Asset Class Workshop1st Delegate/1o Participante: Multi-booking Discount: If you register more than 2 delegates, the 3rd and each subsequently registered delegateName/Nome will receive 50% off the fee for any packages that include the main conference.* All discounts are subject toJob title/Cargo Department/Departmento approval. Discounts cannot be combined. The discounts apply to the price at the date of registration. Discounts can only be claimed at the time of registration. Savings include Multiple Booking and Early Booking discountsDirect Tel/Telefone Mobile Tel/Celular Discounts can only be claimed at the time of registration and is off the rate at that time. Discounts can not beEmail Fax combined. The VAT rate is subject to change and may differ from the advertised rate. The amount you are charged will be determined when your invoice is raised. Please note the conference fee does not include travel or hotelI would like to receive information on future events & services via email. By giving you my email address I am giving ONLY accommodation costs.IIR companies the permission to contact me by email. Grátis para Fundações, Doações, Fundos de Pensão e Fundos Soberanos (sujeitos à aprovação). Para saber maisGostaria de receber informações sobre futuros eventos e serviços por email. 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A taxa de câmbio está sujeita à variação e pode não ser a publicada.Name/Nome Ressalta-se que o preço da conferência não inclui despesas de passagem ou hospedagem.Job title/Cargo Department/Departmento PAYMENT DETAILS/FORMAS DE PAGAMENTODirect Tel/Telefone Mobile Tel/CelularEmail Fax Please use this form as our request for payment. Fax and phone bookings should be made with a credit card number, or followed up by a posted registration form. Places are only guaranteed by full payment, which must be receivedI would like to receive information on future events & services via email. By giving you my email address I am giving ONLY before the conference. Formulário para seleção da forma de pagamento. Inscrições por fax ou pelo telefone devemIIR companies the permission to contact me by email. apresentar um número de cartão de crédito, ou estarem relacionadas a um formulário enviado. As vagas sãoGostaria de receber informações sobre futuros eventos e serviços por email. O envio de informações está autorizado garantidas pelo pagamento total, de forma que o mesmo deve ser integralizado antes da data da conferência.apenas pelas empresas do Grupo IIR. I will pay by/Formas de pagamento❑ Yes! I would like to receive info on future events & services via fax/Sim, gostaria de receber informações sobre futuros eventos e serviços por fax ■ Cheque/bankers draft made payable to ICBI for/Cheque endereçado a $__________________________ ■ Invoice to be sent to my company//Pagamento será feito pela empresa ■ Bank transfer: full details of bank transfer options will be given with your invoice on registration/3rd Participant/3o. Participante Transferência bancáriaName/Nome Please debit my/Debitar no Cartão de Crédito MASTERCARD ■ VISA ■ EUROCARD ■ AMERICAN EXPRESS ■Job title/Cargo Department/DepartmentoDirect Tel/Telefone Mobile Tel/CelularEmail Fax Card Number/Número do cartãoI would like to receive information on future events & services via email. By giving you my email address I am giving ONLYIIR companies the permission to contact me by email. ■■■■■■■■■■■■■■■■Gostaria de receber informações sobre futuros eventos e serviços por email. O envio de informações está autorizadoapenas pelas empresas do Grupo IIR. CCV No ■■■ Expiry Date/Data de expiração__________________ With The Sum Of/Valorv__________❑ Yes! I would like to receive info on future events & services via fax/Sim, gostaria de receber informações sobre futuros eventos e serviços por fax Signature/Assinatura__________________________________________________________________________ CANCELLATION POLICY/POLÍTICA DE CANCELAMENTO: Should you be unable to attend, a substituteHead of Department /Superior do Departamento delegate is always welcome at no extra charge. Alternatively, we will make a prompt refund less service charge ofName/Nome 10% of the fee for cancellations received in writing (letter or facsimile) no later than 18th January 2012. 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Em case de assistência especial, como acesso para cadeirasNature Of Company’s Business/Ramo de Atividada de rodas, favor notificar o ICBI até um mês antes do evento.Address