8:00am – 9:00am

Breakfast and Registration

9:00am – 9:10am

Argyle Executive Forum Opening Remarks

9:10am – 9:40am

“Market Outlook”

Leon Kuan
Managing Director
Fisher Lynch Capital

Interviewed By:

Jim Barth
Senior Finance Fellow 
Milken Institute

Session topics include, but are not limited to:

• Where do you see Institutional Investors focusing over the next 18 months? What kinds of funds are they most confident about? Or interested in as new investments? 
• Comments on any changes made to your investment strategies/portfolio as a result of a tougher economy?
• A look at the state of the venture capital market. Do you see investments picking up at all in the next year, or remaining conservative? Will inactive VC funds return to the market?

*This session is off the record

9:45am – 10:30am

Panel Discussion presented by PricewaterhouseCoopers

“A Discussion of the State of exits/divestitures in the Current Market”

Session topics include, but are not limited to:

• Broad look at current exit strategies, how strategies have changed over the last 18 months, and trends coming up for the future. 
• What effect has the lack of leverage had on Exits – what are the best solutions? 
• A look at the current bid/ask gap and where you see it going in 2010: widening, closing or staying constant? - Timing: What factors do you take into consideration most when choosing when to exit? 
• What are the key tax concerns for a company leading up to, and following an exit? 
• Discussion of best practices when interacting with C-Suite/Management during and post transaction. What is the CEO most concerned about? And what support/information is most important to them for resolving those concerns? 

Moderator:
Patrick Sullivan 
Transaction Services Partner
PricewaterhouseCoopers LLP

Panelists:
Mike Dillon 
Transaction Services Partner
PricewaterhouseCoopers LLP

Kent R. Penwell
Managing Director - Financial Sponsors Group, Americas
Deutsche Bank Securities Inc.

Bob Wymbs
Principal
Platinum Equity

Reza Zadno
President & CEO
Visiogen, Inc.

10:30am – 11:00am

Coffee Break

11:00am – 11:45am

Panel Discussion

"Private Equity in Evolution--Governance, Transparency and Terms"

Session topics include, but are not limited to:

• What information that currently is not customarily disclosed by funds should be shared with investors, and in what format?

• Should the role of the Advisory Board be expanded and if so, what issues does that raise for the other investors and the managers of funds?

• What economic terms are in greatest flux today, and how should they change in order to better align the interests of investors and managers?

Moderator:
Jennifer Bellah Maguire
Partner
Gibson, Dunn & Crutcher LLP

Panelists:
Claudia Baron
Partner
PPM America Capital Partners

Steve Kaplan
Principal
Oaktree Capital Management

Kevin Nee
President of Private Markets Group
Wilshire Associates, Inc

*This session is off the record

11:50am – 12:35pm

Panel Discussion

"Managing and Adding Value to Portfolio Companies"

Session topics include, but are not limited to:

• A discussion of best practices for cultivating good working relationships with your C-Suite Execs, including the best way to incentivize collaboration.

• Thoughts on “growth capital” investing in portfolio companies in lieu of acquisitions - i.e., providing additional capital to fund a “build” strategy as opposed to a “buy” strategy.

• A discussion of ideal rates of growth and length of investments for portfolio companies.

• The general consensus seems to be there has been an increased trend towards looking much more closely inwardly, at operational improvement within portfolio companies. Do you agree? And how long do you think this trend will continue? What are the most common operational changes you find yourself making to portfolio companies?

Moderator:
James Hill
Executive Chairman, Partner 
Benesch

Panelists:
Tom Angell
Principal
Rothstein Kass

Matthew Garff
Managing Director
Sun Capital Partners

Scott Honour
Senior Managing Director
The Gores Group LLC

Christopher W. Kersey
Managing Member
Camden Partners

12:35pm – 1:50pm

Lunch

1:50pm – 2:35pm

Panel Discussion

"Outlook on the Deal-Environment and Investment Opportunities for the next 12 months"

Session topics include, but are not limited to:

• The deal environment has been quiet recently, but how do you see the environment for an up-tick over the next few months? What sectors/industries do you see as becoming the most active?

• With all the current global deleveraging will ’10 continue to look like ’09 or will it pick up?

• What do you foresee as the effects of the capital gains changes at end of 2010 on sellers and also the effect of the carried interest change at the end of 2010 on funds trying to get deals done, especially in the secondary markets?

• How has due diligence changed? How can investors successfully drill down into the details and get the full picture before making an investment?

• A spotlight on investment opportunities in the banking sector. What questions should investors be asking before making investments?

Moderator:
Louise Bleakley
Assistant Editor
Mergermarket USA

Panelists:
Dave Hendler
Head of US Financial Services
CreditSights, Inc.

John C. Hodge
Senior Managing Director
The Blackstone Group

Terry Schpok
Partner
Akin Gump Strauss Hauer & Feld LLP

Oliver Wriedt
Managing Director, Capital Markets Group
Providence Equity Partners

2:40pm – 3:20pm

Panel Discussion

"Discussion on the state of the Emerging Markets"

Session topics include, but are not limited to:

• As the credit markets froze up in the US and Europe, what were the most significant repercussions you saw in the global markets?

• As the bond market in developed nations sinks, are emerging markets bonds staying strong? And while the growth of the emerging economies makes them a good bet, is the consequent decrease in yield a cause for concern?

• Have you seen an uptick in Institutional Investors' interest in the Emerging Markets asset class as a means of portfolio diversification?

• PE Investments in India declined significantly in 2009, what’s your outlook for investment picking up in 2010/11?

• Best practices in understanding and navigating political risks and differing international regulations.

Moderator:
Edwin Chan
West Coast Financial Editor-in-Charge
Reuters News

Panelists:
Hanson Li
Executive Director 
The Hina Group

Ron H. Shah
Managing Partner
Jina Venture

John C. Stephens
Managing Partner
EM|ALTERNATIVES, LLC

3:20pm – 3:50pm

Coffee Break

3:50pm – 4:20pm

"Perspectives on the Consumer Markets”

Andrew S. Jhawar
Senior Partner
Apollo Management, L.P.

Interviewed by:

John Corrigan
Business Editor
Los Angeles Times

Session topics include, but are not limited to:

• A look at the outlook for the food & beverage, consumer products, grocery and specialty retail industries over the next 12 months.

• Distressed and special situation investing/deals were in the driver's seat in 2009, how do you see this trend continuing in 2010?

• What are the key differences between doing “distressed” deals and traditional PE deals?

*This session is off the record

4:25pm – 4:55pm

“Outlook on the Technology Sector”

Kyle Ryland
Managing Director 
Silver Lake - Sumeru

Interviewed by:

Gordon M. Goldstein
Senior Vice President
Silver Lake

Session topics include, but are not limited to:

• The Talk Will Explore Technology, Innovation and Growth in Global Private Equity

• The Role of Specialization and International Markets in Global Private Equity Investing

• Key Drivers in Global Technology Investing: Mobility, Broadband Video, IT Infrastructure and Energy management

4:55pm – 5:00pm

Argyle Closing Remarks

5:00pm – 6:00pm

Closing Reception