MasterClassTM

Capital Roundtable

Media Partners

 

Buyouts

The Deal

VC Experts

Capital IQ

Practising Law Institute

in association with

The Capital Roundtable

Eighth Annual
PRIVATE EQUITY FORUM 2007


July 16-17, 2007
New York City

First Day -- 9:00 am to 4:45 pm

Second Day -- 9:00 am to 12:15 pm

Earn CLE and CPE Credits

SEE DETAILS BELOW

Click Here to Register >>     Forward to a Colleague >>

Designed for Securities and Corporate Attorneys in Private Practice, In-House Counsel, Private Equity or Venture Capital Investors, Principal Investment Professionals, Investment Bankers, Accountants and Others Involved in the Fundraising and Financing Businesses.

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package | CLE/CPE Credit

The announcement of the Fortress IPO marks a new era in the private equity industry.  An industry that has operated in the private sector will now be subjected to a level of public and regulatory scrutiny.

Further, over the past year the private equity industry is reputed to have raised $404 billion.  With the recent announcement of the TXU deal valued at $45 billion, private equity investing has reached a new level.

The explosive growth of money invested in these funds has brought regulatory scrutiny from the Department of Justice inquiry into potentially anti-competitive club deals. Also pending is an anti-fraud rule proposal from the Securities and Exchange Commission that is likely to impact fund managers. An industry response has been the establishment last year of the Private Equity Counsel to represent the US buy-out industry domestically.  To learn more about how the industry is responding to these developments, mark your calendar now to register for this program.

At this two day program, a distinguished panel of experts will discuss the basics of the private equity practice starting with fund formation to the fundamentals of private equity investing.  Experts will guide you through an array of key topics, including structuring private equity investments and private equity funds, dealing with fund sponsor issues, and current regulatory, legislative and tax development issues.   The program will end with a discussion of listed alternative asset fund vehicles and how these vehicles work.

What You Will Learn

This program is designed to provide an understanding of the business and legal issues relating to private equity investment.

  • Legal and Regulatory Issues for Structuring a Private Equity Fund
  • Fund Formation Essentials
  • Fundamentals of Private Equity Investing I
  • Fundamentals of Private Equity Investing II
  • Ethical Issues
  • Regulatory Developments
  • Listed Alternative Asset Fund Vehicles

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Faculty

Chaired By

  • Yukako Kawata, Partner, Davis Polk & Wardwell, New York, NY

Speakers Include

  • Ben Adler, Managing Director & General Counsel, Merchant Banking Division, Goldman, Sachs & Co., New York, NY
  • Stephen M. Besen, Shearman & Sterling LLP, New York, NY
  • Stephanie Breslow, Schulte Roth & Zabel LLP, New York, NY
  • Ronald Cami, Cravath, Swaine & Moore LLP, New York, NY
  • Jennifer Cattier, Executive Director, Morgan Stanley | Legal and Compliance, New York, NY
  • Adele M. Karig, Debevoise & Plimpton LLP, New York, NY
  • Marco V. Masotti, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY
  • George J. Mazin, Dechert LLP, New York, NY
  • Robin A. Painter, Proskauer Rose LLP, Boston, MA
  • Glenn R. Sarno, Simpson Thacher & Bartlett LLP, New York, NY
  • Carole Schiffman, Davis Polk & Wardwell, New York, NY
  • Kevin M. Schmidt, Debevoise & Plimpton LLP, New York, NY
  • Edward Sopher, Gibson, Dunn & Crutcher LLP, New York, NY

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Schedule

Morning Session:
9:00 - 9:15
9:15 - 9:30






10:15 - 10:30
10:30 - 11:30




11:30 - 11:45
11:45 - 1:00










1:00 - 2:00

Afternoon
Session:
2:00 - 3:30








3:30 - 3:45
3:45 - 4:45





Second Day:
9:00 - 10:30




10:30 - 10:45
10:45 - 12:00





12:00 - 12:15

  


July 16, 2007:
Introduction:   Yukako Kawata  
Tax & Regulatory Considerations

  • Tax
  • ERISA
  • Investment Company Act
  • Securities Act of 1933
  • Investment Advisers Act

S. Breslow, A. Karig, E. Sopher

Break  
Raising A Private Equity Fund

  • Key Person
  • Economic terms and fees
  • Clawback

M. Masotti, R. Painter

Break
Fundamentals of Private Equity Investing I (Buy-Side)

  • Overview
  • Auction process
  • Diligence
  • Club feals
  • Negotiating contract terms
  • Financing
  • Compensating management
  • Follow-on investments

J. Cattier, C. Schiffman, K.Schmidt

Lunch  



Fundamentals of Private Equity Investing II (Sell-Side)

  • Refinancing
  • Structuring for exits
  • Exit strategies
  • Post-IPO agreements
  • Recaps and buybacks
  • Fund-to-fund sales
  • Strategic sales

B. Adler, S. Besen, C. Schiffman

Break
Ethical Issues in Private Equity

  • Client conflicts
  • Fiduciary duties
  • Representing sponsor or limited partner?

S. Besen


July 17, 2007:
Regulatory Developments

  • Investment Advisers Act
  • SEC rule proposals regarding privately managed funds
  • ERISA

S. Breslow, G. Mazin

Break

Listed Alternative Asset Fund Vehicles

  • The Fortress IPO
  • How do these vehicles work?
  • How were the offerings structured?
  • What is the outlook for these vehicles?

R. Cami, G. Sarno

Question and Answer Session

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Registration

  • The registration fee is $1695.
  • Special group rates -- The Capital Roundtable offers a special rate for 3 or more people from your firm.  For more info, please contact Tricia Kang at ae@capitalroundtable.com or 212/832-7333 ext 106.

 

Click Here to Register >>   

You can pay by credit card (using the links above) or by check. Mail your check and business card to New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.

If the program is oversubscribed, we will notify you immediately and not charge your credit card. (If you need to cancel, please do so by Monday, July 9 at 5:00pm, and we will credit you for a future meeting.)

From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change. We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question? Please contact Trica Kang at 212/832-7333 ext. 106 or by email at ae@capitalroundtable.com.

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Location

PLI New York Center
810 Seventh Avenue at 53rd Street (21st floor)
New York, New York 10019
Message Center, program days only: (212) 824-5733

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Audio Package

Audio is not available for this program.

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CLE Credits

New York CLE

In accordance with the requirements of the New York State Continuing Legal Education Board, this non-transitional continuing legal education program is NOT approved for the newly admitted attorney within the first two years of admission to the Bar. It has been approved for experienced attorneys for a maximum of 10.5 credit hours, of which 1.0 credit hour can be applied toward the ethics requirement and 9.5 credit hours can be applied toward the professional practice requirement.

California CLE

PLI is a State Bar of California approved MCLE provider. This activity has been approved for MCLE credit in the amount of 9.0 hours, of which 1.0 hour will apply to legal ethics. PLI will retain the required MCLE records for this program.

CPE Credit
Recommended CPE credit: 9.5 hours, in which 9.5 hours will apply to Accounting.  Course level: Intermediate. The Practising Law Institute is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org  No prerequisites or advance preparation is required for CPE credit. Contact sschlicht@pli.edu regarding complaints and refund policy.

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