Welcome

    Private Equity Investor Welcome: 
 
          James Hahn, Managing Partner, Asia Alpha Private Equity Partners

          James Hahn began his direct investment career in 1985 as a Vice President at UBS, later serving as a Senior Vice President at Prudential Securities and Merrill Lynch Asia Pacific.  James has invested globally since 1992 as a risk arbitrage portfolio manager at Alpine Alternative Assets, a Hong Kong based hedge fund.  Alpine's partners include one of China's first foreign investor.  James has been recognized by China's leadership at the Financial Reform Forum 2003 in Beijing, at APEC 2005, and at the World Economic Forum.  James is a founding shareholder of New York City commercial bank Broadway National Bank, and founding partner of Asia Alpha Private Equity, an investor in profitable high growth Chinese companies across many sectors including digital media, education, energy, financial services, communications, retail, and healthcare.   James graduated from the Wharton School of the University of Pennsylvania, is a member of Zeta Beta Tau, a member of AKA Shiba Inu Club, and supports the Parents Association of Horace Mann School.

      Keynote Speaker:

             Hardwick Simmons, Chairman & CEO, The Nasdaq Stock Market    

         Hardwick "Wick" Simmons joined The Nasdaq Stock Market, Inc., on February 1, 2001, as its Chief Executive Officer and was elected Chairman on September 26, 2001. Prior to joining Nasdaq, Simmons served as President and Chief Executive Officer of Prudential Securities Incorporated, the investment and brokerage firm, and Prudential Securities Group Inc., the firm's holding company. He is a former member of Prudential Securities' Operating Committee and Operating Council and the Prudential Securities Group Inc. Board of Directors. Prior to joining Prudential Securities in 1991, Simmons was President of the Private Client Group at Shearson Lehman Brothers, Inc. In this role, he oversaw the firm's Retail organization, which consisted of 10,500 Financial Consultants in 475 branches, as well as the Marketing and Sales and Financial Services divisions. Simmons began his career in the securities industry in 1966 when he became a Financial Advisor at Hayden Stone, a predecessor firm of Shearson Lehman Brothers, Inc. In 1969, he was named Vice President in charge of Hayden Stone's Data Processing and Communications Division and, in 1970, he became Manager of the firm's Boston office. In 1973, Simmons was appointed Executive Vice President responsible for Shearson Hayden Stone's Retail Sales and Administration. In 1977, he was named Senior Executive Vice President overseeing Marketing and Sales for Shearson/American Express. Simmons is a member and former chairman of the Securities Industry Association, a former director of the Chicago Board Options Exchange, and a former president and current member of The Bond Club of New York, Inc. He is a director and executive committee member of the New York City Partnership and Chamber of Commerce, Inc. Simmons is a member of the Board of the National Academy Foundation. Simmons is also a member of Harvard University's John King Fairbank Center for East Asian Research.Simmons graduated from Harvard University with a B.A. in 1963 and received an M.B.A. from Harvard Business School in 1966. He served in the U.S. Marine Corps Reserve from 1960 until 1966.

For more information, visit www.nasdaq.com

          
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     Since 1985, without deviating from Blackstone's core beliefs, the firm has raised approximately $24 billion for alternative asset investing across its Private Equity, Real Estate, Mezzanine Financing, and Marketable Alternative Investments groups. The Mergers & Acquisitions and Restructuring & Reorganization advisory businesses have handled assignments well in excess of $350 billion. Up to December 31, 2001, Blackstone had invested total capital of $8.6 billion in 180 transactions with a total enterprise value of $72 billion through its Private Equity, Real Estate, and Mezzanine funds.

For more information, visit www.blackstone.com

                                      
Kohlberg & Company

      Samuel P. Frieder, Principal, Kohlberg & Company

      Samuel P. Frieder joined Kohlberg & Company in 1989 and was named a Principal in 1995. From 1988 to 1989, he was a Senior Associate in the Capital Funding Group at Security Pacific Business Credit. Prior to that, he was a Senior Real Estate Analyst at Manufacturers Hanover Trust Company. Mr. Frieder is a member of the board of directors of Airport Satellite Parking, L.L.C., Allied Aerospace Engineering, Inc., Camber Companies, L.L.C., Color Spot Nurseries, Inc., Holley Performance Products, Inc., Innotek, Inc., Katy Industries, Inc., Orion Food Systems, L.L.C., Redaelli Tecna, S.p.A, Simplicity Manufacturing, Inc., Tinnerman Palnut Engineered Products, L.L.C., and United Signature Foods, L.L.C. He is also a member of the Management Committee of Katonah Capital, L.L.C. Mr. Frieder received an A.B. from Harvard College.

    Kohlberg & Company, L.L.C. is one of the most widely known U.S. private equity firms specializing in middle market investing. Since its founding in 1987, the firm’s objective has been to realize substantial capital gains through control investments in a diversified portfolio of companies.  The firm’s goals are to increase revenues through enhanced marketing, investment in new products and selected strategic acquisitions, and to increase profitability through cost reductions and operational improvements.  The firm has completed 30 platform investments and more than 60 add-on acquisitions with an aggregate transaction value in excess of $4.0 billion.  Selected industries Kohlberg has invested in include: general manufacturing, machinery and equipment, building products, food and food related, aerospace/defense, healthcare, consumer products, automotive, and value added services.

For more information, visit www.kohlberg.com          


Morgenthaler

       John Lutsi, Partner, Morgenthaler

       John joined Morgenthaler in 1990, and has been active in management buyouts as an equity investor since 1986. In a career spanning three decades, John has brought to the firm an impressive balance of diverse operating experience and private equity investing. Since 1986 he has been involved in a significant number of transactions involving industrial technology and information services companies. Experienced in highly competitive industry markets for twenty years, John was a CFO and held a number of division general management positions with three New York Stock Exchange companies-IBM, Carborundum and Raymark. He has also been an adjunct professor at Fairfield University.

      As a leading management buyout and venture capital firm, Morgenthaler has worked with outstanding entrepreneurs to build world-class companies for over 34 years. The firm's goal is simple: to partner with industry-leading entrepreneurs and provide them the highest level of support possible as they build their companies. As active investors, Morgenthaler has maintained a pace of completing at least one new deal per month since January 2000. Their passion for company building has earned them the respect of their partners and exceptional results for their investors. The firm has more than $2 billion under management, including $850 million in its current fund (Morgenthaler Partners VII), which was capitalized in the summer of 2001. It has funded more than 180 companies since the firm's founding in 1968. Morgenthaler concentrates its investment activity in two areas: Its Cleveland-based buyout group focuses on traditional management buyouts and leveraged recapitalizations, industry build-ups and later-stage investments. The team invests in profitable, stand-alone middle-market companies, and divisions or subsidiaries of larger corporations. It focuses on industrial growth markets as well as the communications, services, and health care sectors. Its Silicon Valley-based venture capital team focuses on emerging technology companies. The venture group focuses on enterprise computing, life sciences, broadband communications, and semiconductor and components companies. The team is headquartered in Menlo Park, California, with satellites in Boulder, CO; Boston, MA; Dallas, TX and Princeton, NJ.

For more information, visit www.morgenthaler.com


The Carlyle Group 

     Joe Lipscomb, Managing Director, The Carlyle Group        

     Mr. Lipscomb is a Managing Director of The Carlyle Group, where he focuses on U.S. investment opportunities in the IT services and business outsourcing sectors. He is based in Washington, DC. Prior to joining Carlyle in 1999, Mr. Lipscomb spent seven years in the Technology Investment Banking and Leverage Finance Group at BT Alex. Brown where he was responsible for IT services investment banking. Prior to his work with BT Alex. Brown, Mr. Lipscomb was in the High Yield Group at First Boston. Mr. Lipscomb is a graduate of Kenyon College, the Wharton Graduate School of Business, and the Johns Hopkins School of Advanced International Studies.

      Established in 1987, The Carlyle Group is a private global investment firm that originates, structures and acts as lead equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. Since its inception, the firm has invested more than $6.6 billion of equity in 247 corporate and real estate transactions with an aggregate acquisition value of over $18 billion. As of March 31, 2002, the firm had more than $13.5 billion of committed capital under management. Carlyle’s extensive transaction experience and network of global partners are sources of corporate opportunities unparalleled in the private equity investment community. Headquartered in Washington, DC, the firm serves a diverse base of more than 535 investors in 55 countries worldwide.

For more information, visit www.thecarlylegroup.com

                            
Moderator/Limited Partner:

Office of The New York State Comptroller  
         
      Paula Chester, Director of Private Equity, Office Of The New York State Comptroller  
          

     Paula L. Chester, has served as Director of Private Equity in the office of the New York State Comptroller, since February, 1999. Prior to her appointment, Ms. Chester served as Counsel to the Comptroller of the State of New York for five and a half years.   Born in Baltimore, Maryland, Ms. Chester received her undergraduate degree in music from the University of Michigan in 1968.  She received an MS degree from Morgan State University in 1972 and a JD degree from the University of Maryland School of Law in 1977.  She is admitted to practice law before the Maryland and the New York State Bars.  

      The Comptroller is the chief fiscal officer of the State of New York, the administrative head of the State and Local Retirement Systems, and the sole trustee of the State’s Common Retirement Fund with assets of $112 billion.  As Counsel, Ms. Chester was responsible for the supervision of the division of Legal Services which has 35 attorneys and 23 support staff who serve the Comptroller in a variety of capacities. As the Common Retirement Fund’s Director of Private Equity, Ms. Chester oversees a portfolio of over $15.8 billion in Alternative Investments and Opportunistic Real Estate.  The portfolio includes venture capital, corporate finance, special situation, and international funds as well as certain pooled real estate transactions.

      Prior to her appointment as Counsel to the Comptroller, Ms. Chester served as general counsel to the New York City Comptroller from 1990-1993.  Before joining the City Comptroller’s Office, Ms. Chester served as an associate and later partner in the firm of Berger & Steingut.  Between 1977-1981, she worked for the U.S. Securities and Exchange Commission – first as a branch attorney in the Division of Corporate Finance; then as a special counsel of the SEC’s Office of Small Business Policy.  Ms. Chester is the author of Regulation D, promulgated under the Securities Act of 1933.

For more information, visit www.osc.state.ny.us

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Panelists:

Allen & Company

      John Griffen, Director, Allen & Company

     John Griffen heads the private equity and underwriting businesses at Allen & Company, and in that capacity is responsible for identifying interesting investment and capital raising opportunities with emerging private companies.  Allen & Company is a closely-held investment bank in New York City specializing in finance for media, communications, and technology companies.  The firm hosts an annual conference for corporate leaders in Sun Valley, and has recently worked with companies such as USA Networks, Vivendi, BET, and News Corporation, among others. Before joining Allen & Company, Mr. Griffen was a Managing Director with Bankers Trust in London.  He was also a founder and Managing Director of the G7 Group, a financial advisory and publishing firm providing forecasts of global capital markets for leading hedge funds, investment banks, and other financial institutions.  Mr. Griffen has also held several senior economic policymaking jobs in Washington with the House Ways and Means Committee, House Budget Committee, and Office of Management and Budget. Mr. Griffen received his undergraduate degree from Haverford College, his MPA from Princeton University, and his MBA from the Wharton School at the University of Pennsylvania.


Global Technology Investments

       Michael Schulhof, President, Global Technology Investments

     Michael P. Schulhof is a private investor focused on high technology, new media and internet companies.  He serves as a director on the boards of a number of the companies in which he has investments, including CBS/Sportsline USA, an online media service devoted to sports news and information, J2 Global Communication, an internet-based unified messaging company, and Global Technology Investments, a venture company specializing in the commercialization of high tech innovations. Mr. Schulhof is a former trustee of Lincoln Center for the Performing Arts, Inc. and Brandeis University, and currently on the Board of New York University/Mt. Sinai Medical Center, International Tennis Hall of Fame, and the Brookings Institution.  He also serves on the board of directors of the Center on Addiction and Substance Abuse at Columbia University, The American Hospital of Paris Foundation, and is a member of the Council on Foreign Relations. Mr. Schulhof’s thorough understanding of the technology-driven media, communications and entertainment industries is a result of his training as a scientist and his work with Sony’s Akio Morita in the development and implementation of business strategy for Sony that focused on technology based consumer products and entertainment content.  From 1990 to 1995, Mr. Schulhof was president and chief executive officer of Sony Music Corporation, and from 1993 to 1995 he was president and chief executive officer of Sony Corporation of America. Dr. Schulhof received his B.A. from Grinnell College (1964); M.S. from Cornell University (1967); Ph.D. from Brandeis University (1970); and received an Honorary Degree as Doctor of Physics from Grinnell College.


Quadrangle Group

      Josh Steiner, Managing Principal, Quadrangle Group

      Joshua L. Steiner is a founding Managing Principal of Quadrangle Group LLC, a private investment firm specializing in the media and communications industries.  In this capacity, Mr. Steiner is responsible for sourcing, executing and monitoring portfolio investments and he serves on the board of Pathfire, Inc., a portfolio company. Prior to the formation of Quadrangle Group in March 2000, Mr. Steiner was a Managing Director at Lazard Frères & Co. LLC, where he was a member of the firm’s Media and Communications Group and worked on advisory and financing assignments for clients in various industries including electronic and print publishing, television and radio broadcasting, telephony and data communications, online distribution and content, and cable, wireless and satellite video distribution and programming. While at Lazard, Mr. Steiner’s clients included American Media, CMP Media, Comcast Corporation, Harcourt General, Infogrames Entertainment, Polygram and Time Warner. Prior to joining Lazard, Mr. Steiner was the Chief of Staff for the United States Department of the Treasury, where he was responsible for managing the Secretary of Treasury’s staff and served as his adviser on domestic and international policy as well as management and communications issues. Mr. Steiner serves on the Board of Trustees of the New York Public Library and he is co-Chair of the Executive Committee of the Enterprise Foundation of New York, an organization that helps develop and maintain affordable housing.  In addition, he serves on the Boards of the International Center for Ethics, Justice and Public Life, the Andover Development Board and the Hebrew Free Loan Society.  Mr. Steiner is a member of the Council on Foreign Relations where he is on the Board of Advisors of Foreign Affairs.  Mr. Steiner received a M.St. in Modern History from University College, Oxford University, where he received Special Commendation from the Board of Examiners.  He received a B.A. in History from Yale University. 

      Quadrangle Group LLC is a private investment firm that invests in the global media and communications industries. Quadrangle looks to partner with superior management teams in companies where our experience, relationships and capital can help create long-term value. We invest across much of the maturity spectrum -- from growth to fully developed companies - primarily in North America and Europe although we will consider investments in other regions on an opportunistic basis. We look to invest $20 million to $150 million of capital in each transaction and with co-investments from certain of our limited partners, have the capacity to invest considerably more.  With decades of collective experience advising and investing in the media and communications industries, Quadrangle's Team has an extensive network of relationships with leading companies, executives and entrepreneurs. The depth and quality of these relationships is illustrated by the firm's Advisory Board and by the firm's investor group that includes more than 50 current and former senior executives of leading companies in the media and communications fields. Quadrangle seeks to generate superior returns through its disciplined investment approach, which focuses on sound businesses that will benefit from the firm's extensive experience and relationships.

For more information, visit www.quadranglegroup.com


Veronis, Suhler, Stevenson

       James P. Rutherfurd, Executive Vice President, Veronis, Suhler, Stevenson 

       James P. Rutherfurd heads the Investment Banking Group of Veronis Suhler Stevenson, is an Executive Vice President and Managing Director of  VSS and a Senior Principal of  the Fund.  Mr. Rutherfurd is also a member of the VSS Executive Committee.  Mr. Rutherfurd manages the VSS Focus Program with a mandate to originate transactions for the Fund, the Equity Funds and the investment bank by leveraging firm-wide resources.  Mr. Rutherfurd joined VSS in January 1999 from JP Morgan & Co., where he served as a Managing Director in the Mergers & Acquisitions Group and Co-Head of JP Morgan's Media Group.  He was previously a Director in The First Boston Corporation's Media Group.  Mr. Rutherfurd has closed more than $28 billion in Media industry transactions including advisory engagements, equity and debt underwritings, equity swaps and syndicated bank loans.  His clients range across many segments of the Media industry, including newspapers, television, cable, magazines, radio, information services, Internet services and entertainment.  Mr. Rutherfurd holds a JD from the University of Virginia School of Law and a BA from Princeton University.

        VS&A Communications Partners makes direct investments in the media, communications and information industries through its private equity funds - VS&A Communications Partners II, L.P. (Fund II) and VS&A Communications Partners III, L.P. (Fund III). Fund III was capitalized at $1.017 billion in 1999. Many of Fund III's limited partners, which include endowments, domestic and international corporations and their pension funds, and government-sponsored pension funds, invest with VS&A Communications Partners because of the unique vantage point it commands among a diverse set of communications industries. This vantage point enables it to provide our partners with access to proprietary deal flow and co-investment opportunities across all communications industry segments. Few private equity firms specialize in communications; fewer still cover as many industry segments as VS&A Communications Partners. This broad coverage reduces investment risk through diversification.  Fund III seeks businesses that can achieve growth through strategic acquisitions and/or expansion opportunities. 

For more information, visit www.veronissuhler.com.

     
Moderator:   

Heller Ehrman

         Guy Molinari, Partner, Heller Ehrman         

         Prior to joining the firm, Mr. Molinari was a partner at Werbel & Carnelutti. Mr. Molinari has practiced business law since 1987, with an emphasis on corporate finance, securities and mergers and acquisitions. Mr. Molinari ‘s practice focuses on representation of entrepreneurs, developing businesses, financial intermediaries and private and institutional investors. Transactional representation includes most phases of development: financing, whether in public or private, equity or debt markets; going public; business combination transactions; going private; and contests for corporate control. Mr. Molinari received his degrees from the University of Pittsburgh (B.A., summa cum laude, Phi Beta Kappa) and Columbia Law School and Columbia Business School (J.D./M.B.A.,).

         Helping clients shape the new economy is the primary mission of lawyers at Heller Ehrman. As a full-service firm representing clients from the largest publicly traded companies to emerging private enterprises, the breadth and quality of service we provide is unmatched by our competitors.  Our offices are located in San Francisco, Silicon Valley, Los Angeles, San Diego, Seattle, Portland, Anchorage, New York, Washington, D.C., Montgomery Co., MD, Hong Kong and Singapore. At 544 lawyers, we are one of the fastest growing firms in the country. Heller Ehrman lawyers service clients throughout the biotech, telecommunications, securities, banking and computer industries. Within 15 national practice groups, our lawyers are leaders in some of today’s hottest practice areas, including intellectual property, life sciences, antitrust, mergers and acquisitions and emerging companies. We have a tradition of service that extends not only to paying clients but to communities and to individuals who cannot afford much needed legal services. Firmwide, Heller Ehrman attorneys contribute thousands of hours each year to community, nonprofit and public interest organizations—dedication that earned us the American Bar Association’s 2000 Pro Bono Publico Award.  As we move into the new millennium, we will expand our services and continue the traditions we began more than a century ago. Our attorneys will carry forward proudly their commitment to client services, the legal profession and the public interest as a whole. 

For more information, visit www.hewm.com.

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        Drew Pearson is a Principal at General Atlantic Partners, LLC, a worldwide private equity firm, where he has worked since 1996. Mr. Pearson is based in Greenwich, CT and concentrates on portfolio company support. Mr. Pearson has worked on over $150 million in transactions in the Enterprise Software and IT Infrastructure markets, including Manugistics, EXE Technologies, and Talus Solutions. Prior to joining General Atlantic Mr. Pearson was a business analyst with McKinsey & Company, Inc. where he worked with Fortune 500 businesses in the technology and financial services industries. Mr. Pearson holds a MA/BA in Regional Science from The School of Arts & Sciences at the University of Pennsylvania, and a BS in Finance from The Wharton School at the University of Pennsylvania.      
  
        General Atlantic Partners, LLC focuses exclusively on equity investments in information technology and communications businesses globally.  Founded in 1980, the firm has over $4 billion of capital available for investment and has invested in more than 120 companies.  Almost one-third of the firm’s 70 current portfolio companies are based in Europe, Asia or Latin America.   Current holdings include Apollis, digiquant, E*TRADE Group, Inc., Eclipsys, Exact, EXE Technologies, Exult, Firepond, iDNS, iFormation Group, Manugistics, Predictive Systems, ProBusiness, Rebus, Screaming Media, SESA, Upromise, Xchanging and Zagat. The firm is distinguished within the investment community by its deep experience and expertise in information technology, global perspective and worldwide presence, long-term approach to investments, and commitment to provide sustained strategic assistance for its portfolio companies.  General Atlantic has 75 professionals located in Greenwich, New York, Palo Alto, Reston, London, Düsseldorf, Singapore, Tokyo, Hong Kong, and São Paulo.  

For more information, visit www.gapartners.com.


New Enterprise Associates

        Harry Weller, Partner, New Enterprise Associates         

      Harry joined NEA in January 2002 as a partner. He specializes in information technology companies focusing on enterprise software, infrastructure and applications. Prior to joining NEA, Harry was a partner at FBR Technology Venture Partners where he worked primarily with enterprise software companies. Previously, Harry was with the Boston Consulting Group and Deloitte & Touche Management Consulting. At both firms, he managed strategy and technology initiatives in the financial, manufacturing and telecommunications industries. In particular, he specialized in leading teams through the sales, selection and implementation of large-scale enterprise software projects. Harry received a Masters in Business Administration from Harvard School of Business Administration and a Bachelor of Science in Physics from Duke University.

        Founded in 1978, NEA has grown to eleven partnerships managing $5 billion of capital.  We are classic venture capital investors, concentrating on early stage companies in the areas of information technology and medical and life sciences.  We typically invest in 20 to 30 new companies each year.  Our first investment can be as little as $200,000 or up to $20 million, and we typically support our companies through multiple rounds of financing.

For more information, visit www.NEA.com


Wasserstein Ventures  

        W. Townsend Ziebold, Jr., President, Wasserstein Ventures  

          W. Townsend Ziebold, Jr. is President of Wasserstein Ventures. Mr. Ziebold played a leading role in several of Wasserstein & Co.'s investments, including Digital River, Loudeye, <kpe>, Venetec, Firekey, PlanSoft, eMotion (fka Cinebase Software), Pulse and Salon.com, for many of which he sits on the board of directors. Mr. Ziebold is also a director and Non-executive Chairman of Imax Corporation, a leading large-screen film projection company, and a former director of Collins & Aikman Corporation, a $2 billion sales diversified manufacturing company, and Maybelline, Inc., a leading mass market cosmetics manufacturer. Mr. Ziebold received his B.A. in Economics from Trinity College and his M.B.A. from the Stanford School of Business. Mr. Ziebold currently serves as a member of the Board of Fellows of Trinity College and as President of the Board of Trustees at West Side Montessori School in New York City.

        Wasserstein Ventures is the venture capital affiliate of Wasserstein & Co., LP, a leading international private equity investment firm with over $1.5 billion in assets under management.  Wasserstein Ventures strives to maximize the value of its knowledge and relationship base by investing with a purposeful philosophy in carefully selected strategic theses. Currently Wasserstein Ventures focuses on early-stage venture investment opportunities in networking and communications companies, specifically in the areas of optics, wireless, semiconductors, digital media and Internet infrastructure technologies. The principals of Wasserstein Ventures bring over 55 years of operational and financial expertise to bear in working with premier entrepreneurs to help build industry-leading high growth companies. Wasserstein Ventures works to develop alliances between portfolio investments and a broad-based global network of strategic and financial relationship partners. Wasserstein Ventures has to date invested over $110 million in more than 30 companies.  Wasserstein Ventures has offices in New York, San Francisco, Los Angeles and Palo Alto.

For more information, visit www.wasserco.com                    
            
Moderator:

       James Hahn, Chairman, Global Venture Network, & Partner, Alpine Venture Associates
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Panel V  Private Equity Buyout Experts And Venture Capitalists Compare And Contrast  Exit Strategies: Buyouts,  Roll-ups, And The Return Of The IPO Markets

Panelists: 

Bear, Stearns & Co.

       Edward Rimland, Senior Managing Director,  Bear, Stearns & Co.

       Mr. Rimland is a Senior Managing Director in the New York office and the senior member of Bear Stearns’ Mergers and Acquisition Group with responsibility for the Technology sector. He is also a member of the firm’s Valuation Committee which is responsible for reviewing all of the firm’s fairness opinions. He joined Bear Stearns in 1992, after spending five years in the Mergers and Acquisition Department of Morgan Stanley & Co. Incorporated. Over the past fifteen years, he has been involved in the strategic and tactical analysis of a wide variety of M&A transactions, including domestic and international acquisitions (public and private), exclusive sales, joint ventures and takeover defense with an aggregate value in excess of $100 billion. Further, his transaction experience encompasses a wide variety of subsectors in technology including aerospace/defense, software, information services, semiconductors and telecom equipment. Mr. Rimland received a B.A.S. and a B.S. from the Wharton School at the University of Pennsylvania and an M.B.A. from the Darden School at the University of Virginia.

For more information, visit  www.bearstearns.com


M.D. Sass & Co. 

        Hugh R. Lamle, President, M.D. Sass & Resurgence Asset Management

       Hugh R. Lamle is President of M.D. Sass Investors Services, Inc., a registered Investment Advisor, whose clients include substantial pension and profit sharing funds, insurance companies, Nuclear Decommissioning Trusts, endowment and charitable funds, major corporations and substantial individual portfolios, and foreign investors' portfolios. Mr. Lamle is also President of Re/Enterprise Asset Management and Resurgence Asset Management. Re/Enterprise manage distressed securities portfolios for partnerships and separate accounts in a liquid “hedge fund” format. Resurgence manages control oriented distressed portfolios in a “private equity” fund. At M.D. Sass, he is responsible for the formulation of investment policy and strategy, directing the firm's management of debt securities portfolios, hedged equities and directing the firm's research on options, financial futures, financial analysis models, applications of quantitative analysis for investment research and portfolio management and the development of alternative investment strategies.  From 1995 to 2001, Mr. Lamle was also President, Chief Investment Officer and Chief Executive Officer of Chase & MD Sass Partners, a joint venture between The Chase Manhattan Bank and M.D. Sass Investors Services, Inc. Chase & MD Sass Partners managed cash, short and intermediate term portfolios for Chase and corporate and institutional clients as well as a broad range of non-Chase related corporate, financial institution, government, charitable and high net worth individuals.  Mr. Lamle serves on the Partnership Board of Real Estate Capital Partners (RECAP). RECAP is a joint venture affiliate of M.D. Sass and invests in net lease, development and special situation real estate. He is was formerly Vice Chairman of the Board of Directors of the FINEX (a regulated Commodities Exchange)He is a Public Director of the New York Board of Trade (a regulated Commodities Exchange) and a member of the Board of Directors of Quelsys (a privately owned educational software company) and a Director of Coolsavings Inc. (the leading provider of incentive marketing promotions on the internet). 

        Prior to joining M.D. Sass in 1974, he was responsible for founding Lenox Capital Management, the investment advisory affiliate of duPont Glore Forgan. Prior to Lenox Capital Management's formulation, he managed the partner's capital for Francis I. duPont (which, at that time, was the third largest brokerage firm in the US). He is a member of the New York Society of Security Analysts, the New York Institutional Options Society, the International Association for Financial Engineers, an honorary member of Beta Gamma Sigma (the national academic honor society for business degree students), and is a Fellow in the Financial Analysts Federation. He is also a Trustee of the Citizens Budget Commission. He has lectured frequently at universities and professional forums on investments and has authored numerous articles on investments for professional journals.He is frequently quoted in newspapers and magazines and has appeared on financial television programs as well as network news programs. He has provided financial consulting and expert witness testimony on financial and securities matters in Federal and local cases. He received a B.A. in Political Science and Economics from Queens College, and M.B.A. in Finance and Investments from Baruch College of the City University of New York.

For more information, visit www.mdsass.com


Schroder Ventures

       Nick Somers, Partner, Schroder Ventures

      Nick Somers, Partner, joined Schroder Ventures in 1998. He has been in private equity since 1993 and investment banking since 1987. Nick has completed numerous buy-and-build strategies in the media and telecommunications industries as well as investments in technology growth-oriented areas. Nick serves on the boards of Mesa Communications and ThoughtWorks. Prior to Schroder Ventures, Nick was a founder and partner of Greenwich Street Capital Partners, the private equity affiliate of The Travelers. Nick was also with Morgan Stanley as one of the senior members of the Financial Buyers Group. He began his business career at Chemical Bank. Nick received an MBA degree from the University of Chicago and a BA degree from Washington University in St. Louis.

      Schroder Venture Partners LLC ("Schroder Ventures US" or "SVUS") is one of six affiliated international private equity organizations advising over $7.5 billion of funds under management in 11 offices located in North America, Europe, and Asia. SVUS is focused on middle market investment opportunities in the media, business services, communications and technology sectors in partnership with management. Current investments include Mesa Communications. Group LLC, a wireless tower operator, ThoughtWorks, Inc., a custom software development company, and Memec, a global specialty semiconductor distributor. 

For more information, visit www.svus.com
 
        
Moderator:

Davies Ward Phillips & Vineberg

       William M. Ainley, Partner, Davies Ward Phillips & Vineberg

       Bill Ainley was educated at Cambridge University where he received his B.A. in 1976, his LL.B. in 1977 and his M.A. in 1980 and at McGill University where he received an LL.B. and B.C.L. in 1979. He articled at Davies and was called to the Ontario Bar in 1981. He became a partner at the firm in 1983.  Bill's practice covers a wide range of transactional work with particular emphasis on mergers & acquisitions, securities and corporate finance and private equity.  In mergers & acquisitions, Bill has acted as lead counsel in numerous public tender offers, domestic and cross-border, for both bidders and targets. In the corporate finance area, Bill has acted as lead counsel in numerous complex public financings, including north and south bound cross-border financings, structured financings, and major project financings. Bill's other principal area of practice is private equity where he has represented numerous US and Canadian private equity groups, merchant banks and pension funds in structuring and executing their acquisitions, financings, restructurings and exits. Illustrative clients include Ontario Teachers' Pension Plan Board, Scotia Merchant Corporation, Onex Corporation, AEA Investors and Thayer Capital Partners. Bill is a member of the Editorial Board of Carswell's Canadian Corporation Precedents and Canadian Securities Law Precedents. He has lectured at the University of Toronto and Osgoode Hall Law Schools and has delivered numerous papers at securities law, mergers and acquisitions and finance conferences. Bill was seconded in 1984 to the Ontario Securities Commission as legal adviser to the Chairman. While at the Commission, he was primarily involved in the legislative reforms that created the current take-over and issuer bid rules in Ontario and opened up the ownership rules of the securities industry in Ontario. In 1986, Bill was invited to join the Securities Advisory Committee to the Ontario Securities Commission and served as Chairman of that committee in 1989 and 1990.

      Bill is recognized annually in the Canadian Legal LEXPERT Directory.  He is repeatedly included in LEXPERT/American Lawyer's Leading 500 Lawyers in Canada, and Euromoney's Guide to the World's Leading Mergers & Acquisitions Lawyers and Guide to the World's Leading Capital Market Lawyers. Bill has been recommended in the 2000-2001, 2001-2002, and 2002-2003 editions of Chambers Global's The World's Leading Lawyers as most frequently recommended in the corporate finance, mergers & acquisitions and project finance areas. He is cited as a leading individual in Canadian Corporate/M&A law in the IFLR 1000's The Guide to the World's Leading International Business Law Firms. Bill has been awarded the Martindale-Hubbell Law Directory’s highest accolade, an AV rating.

For more information, visit www.dwpv.com

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For more information, visit www.cofco.com

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For more information, visit www.AdamsStreetPartners.com


Hamilton Lane

       Erik R. Hirsch, Chief Investment Officer, Hamilton Lane

      Erik is responsible for managing the investment analysis process of the firm including the coordination of our research and due diligence resources.  Specifically, Erik oversees the firm's fund investment analysis, reporting on industry trends and developments, and the negotiation of client investments recommended by the firm. Erik also assists in managing the firm's structured products/secondary transaction initiatives. Previously, Erik managed Hamilton Lane's Global Buyout and Special Situation Business Unit. Prior to joining Hamilton Lane, Erik was a corporate investment banker in the merger and acquisition department of Brown Brothers Harriman & Co. and a municipal financial consultant with Public Financial Management (PFM). At PFM, Erik specialized in asset securitizations and project finance. Erik received a B.A. from the University of Virginia. 

    Founded in 1991, Hamilton Lane's sole focus has been full-service investment management, advisory and consulting services in the area of private equity investments for a wide range of investors including three of the largest public pension funds in the United States, as well as other public and corporate pension funds, Taft-Hartley funds, financial institutions, insurance companies, foundations and endowments in the United States, Europe, Japan and the Gulf States.

For more information, visit www.hamiltonlane.com


HSBC

       James Marley, Managing Director, HSBC

       Mr. Marley manages the private equity investment program at HSBC Capital (USA) Inc. ("HCU"), a subsidiary of the HSBC Group, and is a member of the HCU Investment Committee. Involved in the creation of this investment vehicle, formerly known as Midland Montagu Private Equity Inc., he joined the organization in 1991. Mr. Marley manages a portfolio of direct investments in a variety of sectors, including consumer products, business services, food retail, health care, energy, direct marketing, automotive,telecommunications equipment and medical devices. He also oversees the HCU portfolio of private equity and mezzanine limited partnership fund investments, serving on several fund advisory boards. Mr. Marley previously worked at Shearson Lehman Brothers, Merrill Lynch and John Nuveen & Co. He received a Bachelor of Science degree with high distinction from the University of Minnesota, and he received an MBA from The Wharton School.

For more information, visit www.hsbc.com


Royal Bank of Canada

        Michele G. Kinner, Managing Director, Private Equity Fund of Funds, RBC Capital

For more information, visit www.rbccm.com
         

TIAA-CREF  

        Shelley M. Zoler, Director, TIAA-CREF 

        Shelley M. Zoler is a Director, Private Placements in the Securities Division of TIAA-CREF.  Since April 1998 she has been on an eight-person production team responsible for TIAA’s private equity fund investing.  In 2001 the team made $540 million of fund commitments and invested or committed $85 million in co-investments with TIAA’s equity fund managers. The team is targeting similar levels of commitments for 2002, market conditions permitting. TIAA’s total commitments to private equity funds at year-end 2001 were approximately $2.8 billion.  Shelley is responsible for 19 of TIAA’s 65 plus private equity fund manager relationships, and six co-investments.  She is on the LP Advisory Boards of 10 funds.  Previously, she was on the production team responsible for lease-backed debt investments for TIAA.  Before joining the Securities Division in January 1997, Shelley spent 19 years in TIAA's legal department advising the Securities Division on all types of private placement and 144A investments, including senior secured and unsecured notes, subordinated notes, leveraged leases, LBO's, project financings, securitizations, as well as bankruptcy and workout situations.  At the time of Shelley's career switch she was a Senior Counsel at TIAA.  Prior to joining TIAA-CREF in 1978, Shelley was in the legal department of Home Life Insurance Company where she similarly advised its investment staff on private placements.   Shelley holds a JD degree from Northwestern University School of Law and a BA, cum laude from SUNY at Buffalo.  She is admitted to the New York State bar and is a member of the American Bar Association and the New York Women's Bar Association.  She is a fellow of the American College of Investment Counsel.

      Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF New York, NY) is one of the largest and most respected financial service providers in the world. For more than eighty years we've been dedicated to ensuring the financial well being of an extraordinary group of people -- the faculty and staff of America's education and research communities. With $274 billion in assets under management, the TIAA-CREF group of companies is one of the world’s largest financial services organizations. We provide an expanded array of financial products and services, designed to meet the sophisticated needs of today’s investors in every phase of their lives.

For more information, visit www.TIAA-CREF.org

Moderator/Limited Partner:  


Abbott Capital 

        Charles van Horne, Managing Director, Abbott Capital

        Mr. van Horne is responsible for Abbott’s fund development and client services activities.  Mr. van Horne has over 15 years of involvement with private equity in the U.S. and overseas.  Abbott is one of the leading independent firms investing in private equity partnerships and co-investments, with over $5 billion under management.  Prior to joining Abbott in 2001, Mr. van Horne was a Managing Director of AIG Capital Partners, Inc. (a subsidiary of American International Group, Inc.), which, together with its affiliates, manages over $8 billion in private equity.  At AIG, he was responsible for fund development and client services and served on the investment committees for several of its direct investment funds and funds of funds.  Prior to joining AIG, Mr. van Horne was Managing Director of Creditanstalt International Advisors, where he established and managed its private equity investment activities.  He also was at Bankers Trust in its Merchant Bank, its M&A Group and other functions in New York and London and at UBS Securities in New York.   Mr. van Horne received his B.A. in Sociology from the University of Pennsylvania.

For more information, visit, www.abbottcapital.com

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For more information, visit www.dfj.com
                                              

Trident Capital

       Venetia Kontogouris, Managing Director, Trident Capital       

       Venetia Kontogouris  joined Trident Capital (www.tridentcap.com) in 1999 as a Managing Director.  Prior to joining Trident Capital, Ms. Kontogouris was President of Enterprise Associates, LLC, the venture capital division of IMS Health Incorporated, and has held various positions in venture capital since 1989.Formerly, she was Senior Vice President, Venture Development with Cognizant Corporation where she represented Cognizant in the Information Partners Capital Fund, a venture capital fund formed by Dun & Bradstreet and Bain Capital, with emphasis on the information industry and leveraged buyouts.Ms. Kontogouris has held executive positions in new product development and marketing at D&B where she was head of product development for Dun’s Marketing Services and Director of Marketing for national accounts and financial services.She also held sales management positions for AT&T and IBM.Ms. Kontogouris has also launched her own start-up company in the telecommunications industry.Ms. Kontogouris serves on the Board of Directors of Aptegrity Inc., Berkeley Enterprise Partners, Inc., C-7 Group, Inc., CentrPort, Inc., Cognizant Technology Solutions (CTSH), eCredit.com, Inc., Event Zero, Questra Corporation, Saleshound.com, Inc., T.R.A.D.E., Inc., Vality Technology, Inc. and Viant Corporation (VIAN).Ms. Kontogouris was a former Director of Avesta Technologies, Inc., Customer Analytics, Inc., eData Resources, Inc., Internet Profiles Corporation, OneSource Information Services, Inc., Jostens Learning Corporation and WEFA (Wharton Econometric Forecasting Associates).  Ms. Kontogouris earned a B.A. from Northeastern University and her M.B.A. from the University of Chicago.  

        Trident Capital is a private equity firm focused on the networked economy. In 1993, we founded Trident Capital with a clear vision: to invest in information and business services companies.  We made it our business to understand the markets, the movers, the technology and the potential. Our focus on information and business services led us to become early investors in Internet companies, including MapQuest and CSG Systems. To date, we've raised five funds and have over $1.4 billion under management. We continue to back businesses that capitalize on the ever-growing importance of information connectivity. By leveraging our operating experience and influential contacts, we've helped talented entrepreneurs to build many successful companies. A number of companies from our earlier funds are now public. Many of our recent investments are becoming leaders in their marketplaces. Investment sectors on our radar screen include: the Internet; infrastructure management; outsourcing; transaction services; wireless and information technology.

For more information, visit www.tridentcap.com.  
                                
                                      
Limited Partners/Fund of Funds:

AIG

        Steven Costabile, Vice President, Head of Private Equity Funds, AIG

         Steven Costabile heads the Private Equity Funds Group for AIG Global Investment Corp.   Mr. Costabile is responsible for committing capital on behalf of AIG in private equity funds and secondary opportunities focused on corporate finance and venture capital, primarily in developed markets.  In addition, Mr. Costabile also creates and manages third party investment vehicles (fund-of-funds and structured products), which allow institutional investors to invest along side AIG.  AIG will also co-invest along side partnership sponsors in direct deals.  The AIG Private Equity Funds Group manages assets in excess of $7 billion.   Previously, Mr. Costabile was a vice president with Credit Suisse First Boston’s Private Funds Group, which made commitments to private equity funds on behalf of CSFB and third party investors.  The CSFB Private Funds Group managed commitments in excess of $1.8 billion in both funds and co-investments.  Mr. Costabile also served as the Senior Investment Officer-Alternative Investments for the $24 Billion Commonwealth of Massachusetts Pension Reserves Investment Management Board (“Mass PRIM”). Mr. Costabile was responsible for $2.1 billion in commitments that was allocated among all stages of venture capital, subordinated debt, secondaries, international, and leveraged buyout limited partnerships and had commitments to 100 separate funds.   Prior to joining Mass PRIM, Mr. Costabile was the Assistant Director of Venture Capital and Alternative Investments for the Pennsylvania State Employees' Retirement System (SERS) and has worked previously as a corporate financial analyst, private equity advisor, and as a management consultant in the United Kingdom. Mr. Costabile holds both a Masters of Business Administration and bachelor's degree in finance from Duquesne University.  In addition, he is also a Chartered Financial Analyst. 

For more information, visit www.aig.com


Massachusetts Pension Reserves Investment Management Board

     Wayne D. Smith, CFA, Senior Investment Officer, Mass. Pension Reserves Investment Management Board

     Mr. Smith manages and formulates strategy for Massachusetts Pension Reserves Investment Management Board’s (PRIM) $4.5 billion private equity program.  Mr. Smith generates deal flow, conducts due diligence and recommends investments for domestic and international venture capital, buyout and distressed debt limited partnerships.  He also monitors an existing portfolio of over 150 limited partnerships. Prior to joining PRIM in 2000, Mr. Smith was a Senior Investment Associate in the private markets group of Liberty Mutual Group in Boston.  He is currently enrolled in the MBA program at the F.W. Olin Graduate School of Business at Babson College in Wellesley, MA and holds a Bachelor of Arts Degree in Management from Assumption College in Worcester, MA.  Mr. Smith is also a Chartered Financial Analyst Charterholder

For more information, visit www.MAPension.com

         
Moderator:

Heller Ehrman

        Stephen M. Davis, Partner, Heller Ehrman

        Stephen M. Davis joined Heller Ehrman in 1999 as a shareholder in the New York office. He has practiced corporate and securities law since 1979. Mr. Davis is co-chair of Heller Ehrman’s Emerging Companies Group. Prior to joining the firm, Mr. Davis was a partner at Werbel & Carnelutti.  Mr. Davis has extensive experience in several areas of corporate practice with a focus on venture capital, corporate finance and securities, and mergers and acquisitions. He has represented clients in transactions ranging from start-up financings to billion dollar plus public offerings and has counseled companies in diverse industries such as Internet infrastructure, applications and services, telecommunications, broadband, new media, wireless technologies, computer hardware and software, e-health, biotech, environmental and energy, venture financing, medical services, consumer manufacturing, retailing, and investment management. Mr. Davis has represented issuers and underwriters in numerous initial public offerings and acts as outside general counsel to several public and private companies. Mr. Davis is a frequent speaker at industry and legal conferences, has written articles for publications and is often quoted in business publications.

         Helping clients shape the new economy is the primary mission of lawyers at Heller Ehrman. As a full-service firm representing clients from the largest publicly traded companies to emerging private enterprises, the breadth and quality of service we provide is unmatched by our competitors.  Our offices are located in San Francisco, Silicon Valley, Los Angeles, San Diego, Seattle, Portland, Anchorage, New York, Washington, D.C., Montgomery Co., MD, Hong Kong and Singapore. At 544 lawyers, we are one of the fastest growing firms in the country. Heller Ehrman lawyers service clients throughout the biotech, telecommunications, securities, banking and computer industries. Within 15 national practice groups, our lawyers are leaders in some of today’s hottest practice areas, including intellectual property, life sciences, antitrust, mergers and acquisitions and emerging companies. We have a tradition of service that extends not only to paying clients but to communities and to individuals who cannot afford much needed legal services. Firmwide, Heller Ehrman attorneys contribute thousands of hours each year to community, nonprofit and public interest organizations—dedication that earned us the American Bar Association’s 2000 Pro Bono Publico Award.  As we move into the new millennium, we will expand our services and continue the traditions we began more than a century ago. Our attorneys will carry forward proudly their commitment to client services, the legal profession and the public interest as a whole. 

For more information, visit www.hewm.com.

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