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This year marks 30 years since the inception of C5 Group. It is time to match our brand with the dynamic strides we have made.

See inside for details…C5Business Information in a Global Context

Success stories and invaluable insights from the market leaders enabling you to:

5th Annual Conference

PRIVATE EQUITYSECONDARIES

19 May 2016 | Crowne Plaza London - The City Hotel, UK

Best practices and solutions for finding liquidity and growth whilst minimising new market risks

� Identify and capitalise on tactical opportunities and inefficiencies in the secondary market space

� Identify motivated buyers for the fund-of-funds’ and secondaries funds’ interests divesting previously purchased positions

� Effectively manage an overextended private equity portfolio

� Understand what constitutes fair value and how to continue dealmaking without overpaying

• LPs looking to rebalance private equity exposure and/or raise capital

• Secondary market buyers

• GPs seeking liquidity in older fund portfolios

• Intermediaries with an insight into potential buyers and sellers

An advanced conference tailored to address the specific needs and challenges of:• Fund administrators

administering secondaries funds and their vehicles

• Private equity software solution providers

� Use GP led transactions to create liquidity out of old, end of life fund restructuring and recapitalisations

� Manage newly emerging legal and regulatory risks surrounding secondary transactions, including both individual transfers of LPs interests, and complex portfolio transactions

� Use leverage to achieve higher returns

• Placement agents dedicated to raising capital for secondaries

• Debt providers

• Lawyers and investment consultants advising on all aspects of secondary transactions

Media Partners

Session Sponsors

Join the Conversation @C5Live #C5Secondaries

Global Sponsorship Opportunities

C5 works closely with sponsors to create the perfect business development solution catered exclusively to the needs of any practice group, business line or corporation. With over 500 conferences held in Europe, Russia and the CIS, China, India, the US and Canada, C5 provides a diverse portfolio of first-class events tailored to the senior level executive.

To find out how to position your firm as an industry leader by sponsoring this event, please contact Anita Arthur on +44 (0) 20 78786925 or email A.Arthur@C5-Online.com or Sofiane Guerni on +44 (0) 20 7878 6870 or email S.Guerni@C5-Online.com.

Forthcoming Conference

C5Business Information in a Global Context

This year marks 30 years since the inception of C5 Group.

It is time for a brand, logo and language in keeping with the dynamic strides we have made as a company. It is time for a brand that will take us forward for the next 30 years.

C5 Group, comprising C5 in Europe, American Conference Institute and The Canadian Institute, will unite under one central brand image, appropriately a globe. See how bringing together the power of people and the power of information can accelerate your growth and success.

Our new brand look and language will be fully revealed soon. Stay tuned for more exciting changes.

30 years expanding

across the globe

30 years building a network of

industry leaders

30 years hosting more than 6,000

conferences

Register now for this highly focused event tailored to address the specific needs and challenges of serious sellers and buyers and get the most up-to-date and unbiased information.

The Agenda this year will bring you:

• The global and European secondaries market trends and predictions for 2016–2017

• New opportunities in the sponsor-led restructuring space driven by secondary buyers

• Practical recommendations on how to uncover hidden value in direct secondaries deals

• Analysis of the performance results of large experienced investors

• Best practices on how to transact efficiently, compete with low cost capital and source new deals without paying high prices

• Cutting edge coverage of the latest transactional, regulatory and legal risks related to negotiating transfer agreements

• Strategies for realising the full benefit of leverage in secondary transactions

Make sure you gain advantage by getting the latest thinking and strategic direction from the best in the business and book your place today!

To reserve your place: call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/Secondaries.

We look forward to welcoming you at the conference.

Anita ArthurIndustry Manager – C5 Communications+44 (0) 20 7878 6925A.Arthur@C5-Online.com

“A very insightful conference focused on the secondary market with a good mix of GPs, industry advisers and LPs. The good turnout clearly shows the growing importance of the market for secondary liquidity in private equity”

Co-Head of Secondary Programme, Capital Dynamics

Debevoise & Plimpton is a premier law firm with one of the world’s most respected private equity practices. The firm has helped shape the private equity

market for decades. Debevoise lawyers have advised secondaries funds, and other secondaries purchasers and sellers, on all types of secondary transactions and fundraisings.

HQ Capital is a leading independent alternative investment manager with currently US$5.9 billion assets under management in private equity.

HQ Capital was formed in 2015 by combining independent alternative investment managers Auda, Real Estate Capital Partners and Equita. Through Auda, HQ Capital has been active in global private equity since 1989. www.hqcapital.com

Session Sponsors

C5’s 5th annual Private Equity Secondaries conference will bring together leading LPs, institutional investors, specialist secondary funds, GPs and intermediaries who play key roles in finding growth and creating liquidity whilst securing the best deals in a highly competitive market. Exceptional speakers will share their diverse experiences of the most recent transactions helping you to effectively originate, manage and structure secondary transactions.

CEE PRIVATE EQUITY FORUM

The leading conference on fundraising and investments in the region

London, 13–14 October 2016

www.C5-Online.com/privateequity

a C5 Group CompanyRegister Now | +44 (0) 20 7878 6888 | C5-Online.com/Secondaries

a C5 Group CompanyBusiness Information in a Global Context

©C5, 2016

8.30 Registration, Refreshments and Networking

9.00 Chair’s Opening Remarks

9.15 The Case for Global Private Equity Secondaries: Recent Returns and Future Prospects

Speakers TBC

• Comparing returns in the traditional and non-traditional secondaries space

• A snapshot of deals in the pipeline; trends around pricing and an average transaction size

• What share of the investments are going into secondary directs and GP-led restructurings as opposed to traditional fund interests?

• Insights on the sellers and buyers• Who are the capital providers/what

is the cost of capital?• What is the future of the private equity

secondary market?

10.00 Alternative Sources of Liquidity: New Opportunities in the Sponsor-Led Restructuring Space

Katherine Ashton – ModeratorPartnerDebevoise & Plimpton LLP (UK)

Daniel BeninManaging PartnerCommitted Partners (France)

Greg CiesielskiVice PresidentHarbourVest (UK)

• How to create liquidity out of old, end of life fund restructuring and recapitalisations: what are the opportunities and how many deals are actually getting done?

• How GPs can help to restructure their fund• LP-GP relations:

- GPs’ risk implications in secondary swaps- End of life transactions: implications

for investors• New SEC private equity fund restructuring

guidelines• Minimising the multitude of potential

conflicts of interest• What are the alternatives in fund

restructuring?• Best practices in conducting a vendor

and an underlying asset due-diligence (payment commitments, possible legal claims, transferability of LP’s privileges, preemptive and tag-along rights)

11.00 Refreshments and Networking

13.15 Lunch and Networking

14.15 Deal Structuring and Financing a Secondary Acquisition/Leverage

Speakers include:

Ram RaoManaging Director, Fund Linked ProductsMacquarie Group (USA)

• How prevalent is leverage in secondary transactions and what types of portfolios allow for leverage?

• Who are the capital providers/what is the cost of capital? What are the key terms?

• How to compete with lots of low cost capital• How can a secondary investor realise the full

benefit of leverage?• Efficient use of leverage in the secondaries

and fund of funds market

15.00 Creating Win-Win in Direct Secondary Investments

Christian MunafoManaging DirectorHQ Capital Private Equity

Jonathan AbecassisSenior VP, Secondary AdvisoryCredit Suisse (UK)

Tom LeaderNon-Executive DirectorNova Capital Management (UK)

Laura ShenPartnerHeadway Capital Partners (UK)

Michel L GaleazziPartnerEvoco AG (Switzerland)

• Who is active in the direct secondaries market?

• Generating deal flow• How do you entice GPs and LPs to engage

in deals?• What kind of deal structures are gaining

traction? Practical examples of recent notable transactions

• Structuring and executing of direct secondaries transactions, transactional risks, due diligence, legal and other issues

16.00 Real Estate Secondaries — Is the Market Finally Taking Off?

Speakers include:

Bernhard K. EngelienManaging DirectorGreenhill Cogent

• How has the market evolved and what are the key drivers?

• What are the latest pricing trends?• Who are the key participants?

17.00 Chair’s Closing Remarks. Drinks and Networking

“Great event, excellent speakers and very good networking opportunities”

Christian Diller, Partner, Montana Capital Partners

THURSDAY, 19 MAY 2016

11.30 Traditional Fund Transactions: Portfolio and Single Interests

Speakers include:

Wiebe VisserPrincipalAlpinvest Partners (The Netherlands)

Cari LodgeManaging DirectorCommonfund Capital (USA)

• LPs perception of secondaries as a tool for active portfolio management: what has changed in the past year

• How to effectively use the secondary market to achieve a well-diversified portfolio

• How regulation affects the current secondary market environment

• How does secondary buy-side evolve?• How do LPs review stapled primaries

opportunities and are they investing more in these?

• How LPs are responding to the new opportunities in real estate and infrastructure

• Assessing the buyers’ appetite in the secondary market for venture capital

12.15 Deal Flow Generation, Pricing and Valuation: How to Continue Doing Deals without Paying High Prices

Speakers include:

Chris JarochManaging DirectorNewbury Partners (USA)

Chi CheungDirectorDB Private EquityHead of Europe, SecondariesDeutsche Asset & Wealth Management (UK)

Alexandre DelosPartner, Head of Buyout InvestmentsAccess Capital Partners (France)

• Where are secondary firms investing and where are they finding deals in the current competitive market?

• How much of increased deal activity is driven by high secondary pricing? Are secondary buyers paying too much to get deals done?

• What makes the right price for a secondary transaction: factors impacting intrinsic value of assets; discount/premium to NAV

• Emphasis on asset quality trends; how has investment behavior changed given increased prices and competition?

• The impact of intermediation on pricing• How can global large cap; mid-size

secondaries and small region/country specific funds differentiate themselves in a highly competitive environment?

Join the Conversation @C5Live #C5Secondaries

5th Annual Conference

PRIVATE EQUITYSECONDARIES

19 May 2016 | Crowne Plaza London - The City Hotel, UK

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2 - 4 10% Conference Discount

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Payment Policy

Payment must be received in full by the conference date to ensure admittance. All discounts will be applied to the Conference Only fee (excluding add-ons), cannot be combined with any other offer, and must be paid in full at time of order. Group discounts available to 2 or more individuals employed by the same organisation, when registering at the same time.

Delegate Substitutions and Cancellations

You must notify us by email at least 48 hrs in advance of the conference if you wish to send a substitute participant. If you are unable to find a substitute, please notify us in writing no later than 10 days prior to the conference date. All cancellations received will be subject to a cancellation fee of £250. Delegates opting to receive a credit voucher will receive a credit for the full amount paid, redeemable against any other C5 conference in the next 12 months.

No credits or refunds will be given for cancellations received within 10 days of the conference start date. Delegates may not “share” a pass between multiple attendees without prior authorisation. No liability is assumed by C5 for changes in program date, content, speakers or venue. C5 reserves the right to cancel any conference it deems necessary and will, in such event, make a full refund of any registration fee, but will not be responsible for airfare, hotel or other costs incurred by registrants.

Terms and Conditions

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Select your Level of Engagement Register & Pay by 11 March 2016

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All Delegates will receive an online link to access the conference materials as part of their registration feeConference materials are available 2 working days post event

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PHONE:+44 20 7878 6888

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ONLINE:www.C5-Online.com/Secondaries

MAIL:C5 Communications Limited, Customer Service. 11th Floor, The Tower Building, 11 York Road London, UK SE1 7NX

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Fee Includes

The programme, all programme materials, refreshment breaks and lunches.

Venue Information at a Glance

Date: 19 May 2016

Time: 8.30 – 18.00

Venue: Crowne Plaza London - The City Hotel

Address: 19 New Bridge Street, London, EC4V 6DB, UK

Telephone: 0871 942 9190

Book your Accommodation

An allocation of bedrooms is being held for delegates at a negotiated rate until 18 April 2016.

To book your accommodation please call Venue Search on tel: +44 (0) 20 8541 5656 or e-mail beds@venuesearch.co.uk. Please note, lower rates may be available when booking via the internet or direct with the hotel, but different cancellation policies will apply.

This year marks 30 years since the inception of C5 Group. It is time to match our brand with the dynamic strides we have made.

See inside for details…C5Business Information in a Global Context

Best practices and solutions for finding liquidity and growth whilst minimising new market risks