Introduction

In 2009, Thomson Reuters held a LP Congress in New York, which convened over 75 investors for a frank, off-the-record dialog among pensions, foundations, endowments and insurers.  This year Thomson Reuters will hold its annual LP Congress in conjunction with the Quebec City Conference program and rename it to the Limited Partner Forum (“LPF”).  The LPF will be one of the QCC Special Forums held on Monday, October 25. 

Objectives of the LPF

• To provide a closed-door setting for LPs only to meet and have a private discussion off-the-record
• To facilitate an open exchange of ideas about the industry and issues facing LPs today
• To offer LPs the opportunity to network with their fellow colleagues

Characteristics of the LPF

The LP Forum is a 3 hour, invite-only gathering of limited partners at this year’s QCC. We are expecting scores of attendees from around the world. They will include pension fund managers, endowment managers, foundation managers and fund-of-funds managers.

These discussion groups will be moderated by Ann Leamon, Teaching Fellow, Harvard Business School and Partner, Bella Research Group, and are strictly off the record. The Forum is for investors only, with no private equity firms participating. In these focused, topical discussions, LPs will discuss the myriad issues facing LPs today, with plenty of time to network, and compare notes.

This session will be promoted through several Thomson Reuters channels, including but not limited to the peHUB.com web site and peHUB Wire daily email blast.

Themes for discussion

Topics to be discussed include:

• Everything fundraising, including terms, annex funds, sidecar funds
• Managing funds that are too short on dry powder and/or time (annex funds, etc.)
• Managing funds that have too much dry powder and/or time (TPG-style cuts, etc.)
• Identifying the next top-tier VC firm and which of the Old Guard has still got it
• Secondary market issues, including pricing, choosing a broker, and investing in new secondary funds
• Messaging from limited partners to general partners. Differences between the “haves” and “have-lesses”
• Future allocation and investing strategies
• Compensation, in an age of negative benchmarks

When and Where

The 2010 LPF will be held at the historic Chateau Frontenac in Quebec City on Monday, October 25, beginning at 2:00 pm and ending at 5:00 pm. There will be a one hour discussion, followed by a 30 minute networking break, followed by another one hour discussion.
All guests of the PPF are invited to the plenary session of the Quebec City Conference, which will begin immediately thereafter (5:00 pm on Monday, October 25) and end on Tuesday, October 26 at 6:30 pm.
For additional information about the LP Forum, please contact Mark Cecil at +1 (617) 856- 1871 or mark.cecil@thomsonreuters.com.

About the Quebec City Conference

Now in its seventh year, the Quebec City Conference is a private, by invitation-only and not-for-profit annual meeting designed for leading international VC and PE firms, institutional and strategic investors, sovereign wealth funds and family offices whose activities produce tangible economic gain and societal benefit, and for public policy makers, industry experts and leading academics supportive of this investment activity, in a format intended for high level exchanges and reflection.

In 2009, the Conference attracted nearly 400 participants from 21 countries from North America, Europe, Asia, Middle-East and South America. Service providers are not invited.  Chartered jets are being made available for the exclusive use of guests in transit from and to Boston and New York. No other conference of this kind exists anywhere else in the world.

Additional information is on QCC’s web site at www.QuebecCityConference.com