The Private Equity and Venture Capital Roundtable: What Do Sponsors and LPs Want? Current Trends in Fundraising

Ropes & Gray presented The Private Equity and Venture Capital Roundtable: What Do Sponsors and LPs Want? Current Trends in Fundraising.  This program was held in New York City on Tuesday, March 9, 2004 and in Boston on Wednesday, March 10, 2004.  Topics of discussion included:

• Asset Allocation - How do forecasted changes in returns affect investor appetite for this asset class?
• Changing Economic Terms - Pressure on carried interest, management fees, deal fees, and clawbacks
• First-time Funds - How can they differentiate themselves and achieve fundraising success?
• Generational Change within Sponsors - What is the best practice for managing transitions?
• Confidentiality - Will sponsors avoid state pension funds and endowments?
• Valuation Guidelines - How much industry-wide comparability is achievable and desirable?

New York Speakers:
Tuesday, March 9, 2004

Moderator

• Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School

Panelists (in alphabetical order)

• Kevin K. Albert, Managing Director, Merrill Lynch & Co.
• Philip A. Cooper, Managing Director, Goldman Sachs
• Iain Leigh, Managing Partner, NIB Capital Private Equity, Inc.
• Bill McCormack, Partner, Ropes & Gray
• Jonathan M. Rather, CFO & General Partner, Welsh, Carson, Anderson & Stowe
• Jesse I. Treu, General Partner, Domain Associates, L.L.C.

Boston Speakers:
Wednesday, March 10, 2004

Moderator

• Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School

Panelists (in alphabetical order)

• Bear Albright, Managing Director - Investor Relations, Bain Capital, LLC
• Axel Bichara, Senior Partner, Atlas Venture
• Peter Dolan, Director of Private Equity, Harvard Management Company, Inc.
• Robert F. Johnston, Managing Director and CEO
  Beacon Hill Financial Corporation
• Philip Rotner, Managing Director, Private Equity Investments, Massachusetts Institute of Technology
• Larry Jordan Rowe, Partner, Ropes & Gray