LONDON, May 7 2003: London Business School's inaugural Private Equity Conference will be held on June 3 at the School. It will be an integrated meeting of industry executives, investors, academics and business school students and will establish a forum to share opinions and insights in a highly interactive and personal setting. Turbulence in Private Equity: Is the Worst Over or Approaching will address today's challenging business environment and the implications for investment opportunities.

Industry professionals and distinguished academics will address delegates through a series of speeches and panel discussions on topics including buyouts, fund of funds, real estate and venture capital.

Keynote speakers include Maurice Tchénio, cofounder of Apax Partners and Hermann Hauser, cofounder of Amadeus Capital and a leading entrepreneur in the European computer and technology industry. The closing keynote speech will be delivered by Richard Sharp, Head of PIA Europe, Managing Director of Goldman Sachs International and a Partner of Goldman Sachs Corporation.

Over 20 senior professionals from firms such as The Blackstone Group, KKR, Permira, 3i, Add Partners, BC Partners, Doughty Hanson, HarbourVest, Flatiron Partners, and Unigestion will share their perspectives during six interactive panel discussions.

In addition delegates will be able to exchange ideas, knowledge and information on Globalization of Private Equity: Survival of the Fittest at the kick-off dinner to be held on June 2 at the Naval & Military Club on St. James' Square, London. This exclusive event addresses the growth of the private equity industry and implications for investment strategies. Dwight Poler, MD and Head of Bain Capital Europe and Juan Navarro, founder and Chairman of the Exxel Group, the largest fund in Latin America, will offer their perspectives on global opportunities.

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London Business School
London Business School is the graduate school of business at the University of London. Founded in 1965, the School graduated over 800 MBAs, Masters in Finance, Sloan Masters and PhDs from over 70 countries last year. With 88% of students and 70% of faculty from outside the UK, London Business School is the most international institution of higher education in the United Kingdom. Each year executive education serves 5,000 executives and 60 corporate clients on its programmes. Both the full time MBA and Executive MBA programmes are consistently ranked amongst the world's best: the full time MBA was ranked number seven in the world in the Financial Times Business Education Survey 2003.

For further information about London Business School please contact Helen Armstrong in the Press Office on:

Telephone: 44 20 7706 6866

Email: harmstrong@london.edu

Out of office hours: 07810 374 311

For further information on the London Business School Private Equity Conference 2003, please email conference@london-pec.org or visit the website at www.london-pec.org/Conference2003