Time: Saturday, March 8, 2008, 12:35 pm - 1:50 pm

In the midst of US credit meltdown and potential recession, Asia appears to be a brighter spot in terms of growth opportunities and exit market. Many large international PE firms have established offices throughout Asia. At the same time, local funds that are either raised overseas or domestically in local currency have attracted large amount of buying power. The Asian sovereign funds in China, Japan, and Singapore have appeared frequently in the headlines on buying up international assets. Although the macro markets look attractive, one can not ignore the enormous challenges in executing PE deals in Asia: fast changing regulatory environment, high entry point valuation, lack of the support of efficient financial systems, and difficulties in recruiting experienced executives. In addition, the abundance of capital makes the competition even more fierce and often requires shorter timeframe for professionals to conduct due diligence. In the panel, we will potentially raise the following questions for discussion:

• Recent regulation changes and impact on the market
• Competition between international funds and local funds
• Challenges and evolvement of the exit strategies in Asian PE market
• Cross-border opportunities
• Growth equity vs. buyouts in Asia - short term and long term view
• Outlook of the market and key trends in the future 3-5 years
• Career experiences sharing and suggestions to post-MBA professionals

Christopher Alberti

Principal and Chief Representative of Beijing Office, Colony Capital

Mr. Alberti, Principal of Colony Capital, LLC, is responsible for new business initiatives and objectives throughout the world as well as expanding Colony's opportunity fund business in products and regions in which Colony is not currently involved.

Prior to joining Colony in 2004, Mr. Alberti formed his own firm to provide mergers and acquisitions and business development services in connection with China-related investments. Prior to this, Mr. Alberti was a Managing Director at Morgan Stanley until 2001, during which time he was seconded as head of investment banking to China International Capital Corporation in Beijing. Prior to Morgan Stanley, Mr. Alberti was a Senior Vice President in Lehman Brothers' public and corporate finance departments in New York City and a senior investment banker in regional investment banks in Boston. Mr. Alberti began his career as a real estate and corporate lawyer at Debevoise & Plimpton in New York City.

Mr. Alberti is a graduate of Williams College, where he majored in Religion and was a member of Phi Beta Kappa, and is a graduate of Columbia Law School. He served as a law clerk for Hon. Harold R. Medina of the United States Court of Appeals for the Second Circuit. He is a member of the bar in New York and Massachusetts.

Li Jin (Moderator)

Associate Professor, Harvard Business School

Li Jin is an associate professor in the finance area at the Harvard Business School. He currently teaches the required finance course in the first year MBA program. His primary research interest is in empirical corporate finance and asset pricing. His current researches study trading patterns of institutional investors such as hedge funds, mutual funds and pension. He has also studied compensations of corporate managers and the comparison of securities markets across countries.

Professor Jin received his Ph.D. in finance from the MIT Sloan School of Management in 2001, and a bachelor's degree in economics from Fudan University in 1992. Before entering graduate school, he was a full time faculty member at Fudan University, and has worked as a part time consultant in the Investment Banking Division of Shanghai International Securities Co. Ltd. He lives in Belmont with his wife Fiona and two sons Alexander and Derek.

John Joyce

Managing Director of Silver Lake and Chairman of Silver Lake Asia

Mr. Joyce joined Silver Lake in July 2005 and is a Managing Director. He has significant experience in managing all aspects of finance and operations for a global technology firm. Mr. Joyce joined IBM in 1975, and was most recently Senior Vice President and Group Executive of the IBM Global Services (IGS) division, the world's largest information technology services and consulting provider. From 1999 to 2004, Mr. Joyce was IBM's Chief Financial Officer, during which time he played a role in the sale of IBM's personal computer business to Lenovo, marking one of the first major acquisitions of a U.S. company by a Chinese company, as well as in IBM's acquisition of the global business consulting and technology services practice of PricewaterhouseCoopers. Mr. Joyce also managed IBM Global Financing. Prior to becoming CFO in 1999, he was President, IBM Asia Pacific, responsible for providing business direction and strategy for IBM's 19 country operations across the Asia/Pacific region, including China and India. Mr. Joyce also served as Vice President and Controller for IBM's global operations, and was part of the team responsible for the successful reengineering of IBM in the mid-1990s. Mr. Joyce is a director of Gartner, Inc., Serena Software, Inc., Avago Technologies Ltd., and Hewlett-Packard Company. He is also a member of Bertelsmann AG Supervisory Board, and Fairfield University Board of Trustees.

David Lee

Partner and Managing Director, BCG Greater China

David Lee is a Partner and Managing Director for BCG Greater China. He has consulted to a broad range of clients in China on issues of strategy, supply chain, procurement and operational effectiveness.

Recent consulting activities in China include:

- Developed five year procurement strategy and drove procurement transformation for a global auto OEM in China

- Developed a China M&A strategy for a global automotive supplier

- Drove procurement transformation for a Chinese State Owned electronics company

- Conducted component and indirect material sourcing for multiple automotive OEM and tiered suppliers in China

- Conducted pre-merger assessment on a Chinese candidate for a global steel company

- Developed packaging sourcing strategy a leading global confectionery company in China

- Conducted manufacturing outsourcing for US HVAC manufacturer in China

- Set up China sourcing offices and conducted sourcing for export from China for multiple global manufacturers across different industries

- Operational assessment for a Chinese State Owned automotive component company

- Developed a turnaround strategy for a Chinese State Owned tractor manufacturer and support the turnaround implementation

In the United States and Europe, Mr. Lee has advised numerous companies on business strategy, operational effectiveness, procurement and supply chain.

Mr. Lee holds a bachelors degree in engineering from Rensselaer Polytechnic Institute and a master degree in engineering and an MBA from the University of Michigan.

Drew Mason

Partner, Jade Capital

Mr. Mason is a co-founder of China Risk Finance and a founding partner of Jade Capital Management. Mr. Mason has twelve years of experience in financial services industry in the US, Europe and Asia, including founding UBS Warburg's technology group in Asia Pacific, serving as an Executive Vice President in UBS Warburg Investment Banking Division, and completing over $45 billion dollars of mergers & acquisitions in New York, London and Hong Kong. Mr. Mason is one of the early venture investors in China, co-founding Sohu.com (NASDAQ: SOHU).

Ruifen Xu

Head of Global Real Estate Investment (Portfolio Investment Manager), Dow Portfolio Investments

Ruifen Xu is heading Global Real Estate Portfolio Investment for Dow Portfolio Investments (The Dow Chemical Company Corporate Pension Plan). In this role, she manages global real estate investments on behalf of the Dow Employees' Pension Plan, the Union Carbide Employees' Pension Plan and the Dorinco Reinsurance as well as advises Dow International Pension Plan. Ruifen's responsibilities include managing the existing real estate portfolio and building the international and emerging markets real estate investment. Ruifen has more than 10 years real estate and finance experience in the markets of Asia, United States and Germany. She started her career at the joint organization of China Shanghai Real Estate Management Bureau and Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH. She has a Master's in Real Estate from Columbia University, a MBA in Real Estate from Hongkong University and Fudan University Joint Program, and Bachelor degree in Municipal Civil Engineering from Shanghai Tongji University.