Equity conference draws industry leaders
Thomas H. Lee, veteran of the leveraged buyout industry,
addresses conference guests.
held its 2001 Private Equity Conference at the James L. Allen
Center on Feb. 28. "A Return to Fundamentals" featured
more than 25 speakers from leading venture capital and buyout
firms and attracted over 450 attendees, including entrepreneurs,
senior executives and Kellogg alumni, faculty and students.
speaker Thomas H. Lee, president of the Thomas H. Lee Company,
took the podium in a packed Tribune Auditorium. Lee, a 35-year
veteran of the leveraged buyout industry, described his career
progression from a credit officer with the Bank of Boston
to the industry innovator of private equity fund structuring.
He also elaborated on investment philosophy and the current
fundraising environment in which he was able to raise $6.1
billion, the largest private equity fund to date.
Lee's remarks, two parallel panels -- "Late Stage Investing"
and "Corporate Venture Capital" -- examined the
latest issues facing buyout firms as they develop investing
strategies, and explored the unique challenges of corporate-based
venture capital investing. Later, the "Global Investing"
panel discussed international opportunities and challenges
of equity investing.
R. Swartz, founding partner of Accel Partners, provided the
conference's second keynote. Swartz, a 30-year veteran of
the venture capital industry with lead investments in pioneering
companies, described his career from vice president at Citicorp
Venture Capital to the founding partner of a Silicon Valley
institution. He also elaborated on the investment myths he
final two panels, "Careers in Private Equity" and
"Venture Capital Investing," helped students understand
important aspects of a junior professional's role, including
day-to-day activities, fund mechanics and compensation.