September 7-8, 2008
The Phoenician, Scottsdale, AZ
TEXT AGENDA (As of 09-07-08)

Director - Private Equity & ETI Programs, NEW MEXICO STATE INVESTMENT COUNCIL
Executive Director, ARIZONA STATE RETIREMENT SYSTEM
Assistant Comptroller For Pensions, NEW YORK CITY RETIREMENT SYSTEMS
Private Equity Portfolio Manager, ARIZONA STATE RETIREMENT SYSTEM
Chief Investment Officer, NEW MEXICO STATE INVESTMENT COUNCIL
Investment Officer - Emerging Managers, ILLINOIS TEACHERS RETIREMENT SYSTEM
Trustee, VIRGINIA RETIREMENT SYSTEM
Former Trustee, MARIN COUNTY EMPLOYEES RETIREMENT SYSTEM
Trustee, ALAMEDA COUNTY EMPLOYEES RETIREMENT ASSOCIATION
Trustee, BOCA RATON (FL) POLICE & FIRE RETIREMENT ASSOC.
Chairman, NEW ORLEANS MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM
Chief Investment Officer, ARIZONA PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
Trustee, CITY OF PHOENIX (AZ) EMPLOYEES RETIREMENT SYSTEM
Trustee, DEKALB COUNTY (GA) EMPLOYEE RETIREMENT SYSTEM
Vice Chairman-Trustee, PHILADELPHIA BOARD OF PENSIONS
Trustee, TUCSON (AZ) SUPPLEMENTAL RETIREMENT SYSTEM
Planning Officer, OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM
Trustee, DETROIT POLICE & FIRE RETIREMENT SYSTEM
Member of Investment Committee, L. H. ADAMS TRUST
Investment Manager, LOMA LINDA UNIVERSITY FOUNDATION
Managing Director, BEACON POINTE ADVISORS, LLC
Executive Director, HOLYOKE CONTRIBUTORY RETIREMENT
Director of Finance, VIRGINIA COLLEGE SAVINGS PLAN
Executive VP & Compliance, CONSULTING SERVICES GROUP, LLC
Principal, ASSET STRATEGY CONSULTANTS
Vice President, DETROIT POLICE & FIRE RETIREMENT SYSTEM
Trustee, PHOENIX FIREFIGHTERS EMPLOYEE BENEFIT TRUST FUND
Trustee, CITY OF PHOENIX (AZ) EMPLOYEES RETIREMENT SYSTEM
Portfolio Manager, ARIZONA STATE TREASURER'S OFFICE
Trustee, DETROIT POLICE & FIRE RETIREMENT SYSTEM
Trustee, DETROIT POLICE & FIRE RETIREMENT SYSTEM
Trustee, DETROIT POLICE & FIRE RETIREMENT SYSTEM
Investment Officer, LOUISIANA STATE EMPLOYEES RETIREMENT SYSTEM

Private Equity Strategist, ARIZONA PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
Trustee, THE FIRESTONE FOUNDATION/FAMILY
Treasurer, THE FIRESTONE FOUNDATION/FAMILY
Investment Analyst, Venture Capital/Private Equity, THE FIRESTONE FOUNDATION/FAMILY
Vice President of Finance/Chief Financial Officer, MICHIGAN CATHOLIC CONFERENCE
Chief Investment Officer, CONTRA COSTA COUNTY
Trustee, CONTRA COSTA COUNTY
Trustee, CONTRA COSTA COUNTY
Vice-President, Insurance, OPIC
Portfolio Manager-Alternative Strategies, ARIZONA STATE RETIREMENT SYSTEM
Trustee, WEST PALM BEACH (FL) POLICE OFFICERS PENSION FUND
President, MACK INTERNATIONAL, LLC
Country Treasurer, NORFOLK COUNTY RETIREMENT BOARD
Executive Director, MARYLAND STATE RETIREMENT & PENSION SYSTEMS
Portfolio Manager, ARIZONA STATE TREASURER’S OFFICE
Principal, KINETON FAMILY OFFICE
Portfolio Manager (Real Estate), KINETON FAMILY OFFICE
Director, WATERLINE PARTNERS (MULTI-FAMILY OFFICE)
Director, CAMPITELLI INVESTMENTS (FAMILY OFFICE)
Private Equity Associate, GENSPRING FAMILY OFFICES, LLC
Private Equity Partner, GENSPRING FAMILY OFFICES, LLC
Head of US Private Equity, ALBOURNE PARTNERS
Managing Director, RG FINANCIAL (MULTI-FAMILY OFFICE)
Trustee, EL PASO FIREMEN & POLICEMEN'S PENSION FUND
Director, BLUE SPRUCE GLOBAL ADVISORS
Vice President, BLUE SPRUCE GLOBAL ADVISORS
Chief Investment Officer, ARIZONA PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
Director, THUNDERBIRD GLOBAL PRIVATE EQUITY CENTER
Program Manager, THUNDERBIRD GLOBAL PRIVATE EQUITY CENTER
Researcher, THUNDERBIRD GLOBAL PRIVATE EQUITY CENTER
Managing Director, LIFSCHULTZ INVESTMENTS (FAMILY OFFICE)
Director of Investments/ Pension Policy, Trustee, NYCERS, NYC PUBLIC ADVOCATE
Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
Trustee, SAN ANTONIO FIREMEN'S & POLICEMEN'S FUND
Vice Chairman, CITY OF ANN ARBOR (MI) EMPLOYEES RETIREMENT SYSTEM
Trustee, LOUISIANA ASSESSORS' RETIREMENT FUND
Trustee, BALTIMORE (MD) RETIREMENT SYSTEMS
Trustee, NEW YORK CITY EMPLOYEES RETIREMENT SYSTEM

Sunday, September 7, 2008

7:00a

Golf Tournament

10:00

Registration

12:55p

Co-Chair Welcoming Remarks

1:00

CIO, ARIZONA PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM

1:30

Investor Roundtable
This roundtable will consist of institutional investors who will discuss and explore the private equity industry, bringing to the table their personal experiences, know-how and perspectives for the future.

Moderator:
Chairman, NEW ORLEANS MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM

Speakers:
Chief Investment Officer, New Mexico State Investment Council
Assistant Comptroller For Pensions, New York City Retirement Systems

2:30

THE PRIVATE EQUITY INDUSTRY: PAST, PRESENT AND FUTURE
• How big can mega-funds really get?
• Increasing capital commitments - what are the advantages and disadvantages?
• Valuations and creative exit strategies - how are they evolving?
• New Markets & New Geographies in the Private Equity Landscape
• Is there too much capital pursuing too few deals? What to expect in the future
• Transparency and reporting concerns
• European vs. U.S. private equity firms - how do they differ and what strategies are they employing?
• What are realistic return expectations in the private equity industry going forward?

Moderator:
Director - Private Equity & ETI Programs, New Mexico State Investment Council

Panelists:
Vice President, AIG INVESTMENTS
Director, WATERLINE PARTNERS (MULTI-FAMILY OFFICE)
Managing Director, ADVEQ MANAGEMENT AG

3:15

Refreshment Break

3:30

The importance of Funds of funds in private equity

Moderator:
Vice Chairman-Trustee, Philadelphia Board Of Pensions

Panelists:
Executive VP & Compliance, Consulting Services Group, LLC
Managing Partner, CONSTITUTION CAPITAL PARTNERS
Managing Director, BLACKROCK ALTERNATIVE ADVISORS

4:15

Convergence of hedge funds and private equity
• What has the convergence meant for each industry respectively?
• Are they really a good fit together?
• Evaluating, Fees, Capacity Limitations
• Varying liquidity terms and valuation issues
• Fund of Private Equity Hedge Funds vs. Fund of Hedge Funds
• How have Private Equity Hedge Funds preformed in comparison to conventional PE shops?
• Expanding into international private equity

Moderator:
Former Trustee, MARIN COUNTY EMPLOYEE RETIREMENT SYSTEM

Panelists:
Partner, Alignment Capital Group
General Partner, Private Equity, WESTLB MELLON ASSET MANAGEMENT LLC
COO, AMERICAN ASSETS INVESTMENT MANAGEMENT LLC

5:00

Manager selection
• Identifying top-performing private equity managers via quantitative and/or qualitative analysis
• What to look for in a Private Equity manager

Moderator:
Planning Officer, Oklahoma Firefighters Pension & Retirement System

Panelists:
Investment Manager, Alpinvest Partners
Vice President of Alternative Investments, Trust Department, , BANK OF OKLAHOMA
Managing Director, KING FISH GROUP
Trustee, NEW YORK CITY EMPLOYEES RETIREMENT SYSTEM

6:00

Cocktail Reception

Monday, September 8, 2008

7:45a

Continental Breakfast

9:00

THE CASE FOR LISTED PRIVATE EQUITY

Founder and Managing Director, RED ROCKS CAPITAL LLC

9:30

Defining opportunities and trends in Private Equity

Moderator:
Country Treasurer, NORFOLK COUNTY RETIREMENT BOARD

Panelists:
Private Equity Strategist, ARIZONA PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
CEO, SIGNET HEALTHCARE PARTNERS
Managing Director, RUMSON CAPITAL ADVISORS

10:30

Are buyouts still getting done and at what cost?

Moderator:
Executive Director, HOLYOKE CONTRIBUTORY RETIREMENT

Panelists:
Partner, RIVER ASSOCIATES INVESTMENTS, LLC
Principal, PERMAL CAPITAL MANAGEMENT
Senior Director, Brokerage, CUSHMAN & WAKEFIELD, INC.

11:15

Refreshment Break

11:30

Distressed Investing:
With recent turmoil in the markets, this panel will discuss how distressed investing can be a profitable investment strategy regardless of market conditions

Moderator:
Principal, Asset Strategy Consultants

Panelist:
Managing Director, MARATHON ASSET MANAGEMENT LLC
Managing Director, AVALON GROUP LIMITED
Co-Founder & Partner, KAIROS CAPITAL PARTNERS

12:30p

Infrastructure
• What is the effect of infrastructure funds buying up electricity and gas assets?
• Why are these asset classes so firmly entrenched in Europe and Asia yet only just emerging in the U.S. ?
• Why is the number of Private Equity and multi-strategy firms entering the space increasing?

Moderator:
President & CEO, Capital Innovations, LLC

Panelist:
Trustee, VIRGINIA RETIREMENT SYSTEM
Director of Infrastructure Investments, COURTLAND PARTNERS
Head of Corporate Development, TORTOISE CAPITAL ADVISORS

1:30

Luncheon

2:45

EMERGING MANAGERS IN PRIVATE EQUITY

Panelists:
Assistant Comptroller For Pensions, NEW YORK CITY RETIREMENT SYSTEMS
Managing Director, CMEA VENTURES
General Partner, DCM

3:45

PRIVATE EQUITY STYLES AND STRATEGIES
• Seeking the model of success
• Distressed
• The Case for PIPES
• Obscure and Inefficient Markets

Panelists:
Managing Director, APPOSITE CAPITAL
Managing Director, LIFSCHULTZ INVESTMENTS (FAMILY OFFICE)
Head of US Private Equity, ALBOURNE PARTNERS

4:45

RAISING A FUND, THE CHALLENGES FACED AND WHAT SHOULD INVESTORS BE LOOKING FOR
• How is LP appetite holding up in the current market?
• Where is LP appetite strongest right now?
• Competition: with over 1,500 new funds on the road, how can Managers make their fund stand out?
• Top tips for success.
• With so many new funds to choose from, how can the LP find the best opportunities?

Moderator:
Trustee, DEKALB COUNTY (GA) EMPLOYEE RETIREMENT SYSTEM

Panelists:
Partner, INDUSTRY VENTURES
Mark O'Hare, Managing Director, PREQIN LTD.
Director, TRITON PACIFIC CAPITAL PARTNERS

6:00

Cocktail Reception