Keynote Speakers

Peter Barris

Managing General Partner, New Enterprise Associates (NEA)

Peter joined New Enterprise Associates (NEA) in 1992 and was named Managing General Partner in 1999. Since that time NEA's assets under management have grown from $1B to over $13B and the firm has expanded its operations to India and China. Under Peter's leadership, NEA has invested in industry-transforming technology companies like CareerBuilder, Data Domain, Diapers.com, Groupon, Juniper Networks, Macromedia, Salesforce.com, TiVo, and Workday. Peter has been named several times to the Forbes Midas List of top technology investors, having personally led investments in over two dozen technology companies that have successfully completed public offerings or mergers. He serves on the board of public company Groupon (GRPN) and is currently a director of several private companies including BenchPrep, Goji Food Solutions, MediaOcean, SnagFilms, and Sprout Social.

Prior to joining NEA, Peter was President and Chief Operating Officer of Legent Corporation (LGNT) and Senior Vice President of the Systems Software Division of UCCEL Corporation (UCE). Both companies were ultimately acquired at valuations that were record breaking for their time. Earlier, Peter spent almost a decade at General Electric Company in a variety of management positions, including Vice President and General Manager at GE Information Services. Outside interests include serving on the Northwestern Board of Trustees and the Board of the Tuck School Private Equity and Entrepreneur Center. Peter previously served on the Executive Committee of the Board of the National Venture Capital Association and was also a founding member of Venture Philanthropy Partners, a philanthropic organization in the Washington D.C. area.

He has a BS degree in Electrical Engineering from Northwestern and an MBA from Dartmouth.

Leon D. Black

Chairman and CEO, Apollo Global Management, LLC

Leon Black is chairman and CEO of Apollo Global Management, LLC, and a managing partner of Apollo Management, L.P., which he founded in 1990 to manage investment capital on behalf of a group of institutional investors. The firm had $105 billion in assets under management as of June 30, 2012. From 1977 to 1990, Black worked at Drexel Burnham Lambert Inc., where he served as managing director, head of the Mergers & Acquisitions Group and co-head of the Corporate Finance Department. He serves on the board of directors of The New York City Partnership and the general partner of AP Alternative Assets.

Black is a trustee of The Museum of Modern Art, Mount Sinai Hospital, The Metropolitan Museum of Art and The Asia Society. He is also a member of the Council on Foreign Relations. Black is a member of the board of FasterCures and the Port Authority Task Force.

He graduated from Dartmouth College with a major in philosophy and history and received an M.B.A. from Harvard Business School.

David S. Blitzer

Senior Managing Director & Head of Tactical Opportunities, Blackstone Group

David S. Blitzer is a Senior Managing Director & Head of Tactical Opportunities. Mr. Blitzer is based in New York, having established Blackstone’s corporate private equity investment efforts in Europe. Since joining Blackstone in 1991, Mr. Blitzer has been involved in the execution of Blackstone’s investments in Spirit Group, SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits.

Mr. Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. Mr. Blitzer serves as a Director of United Biscuits and Jack Wolfskin.

Mark F. Dzialga '90

Managing Director and Chairman of Investment Committee, General Atlantic

Mark Dzialga serves as Chairman of General Atlantic’s Investment Committee, managing all of the firm’s global investment activities. He also serves on the firm’s Executive Committee. Mark was instrumental in building out GA’s Business Services and Healthcare sectors, developing global strategy and insight for each and leading numerous GA investments including Genpact, Schaller Anderson and Emdeon.

Mark is currently a director of CLEAResult, SnapAV, Mu Sigma and Citco, and has been a director of public and private GA investments including Genpact, Emdeon, Exult, Daksh, Talus, MultiPlan, UPromise, Schaller Anderson, Network Solutions and Webloyalty.

Before joining GA in 1998, Mark was co-head of the High Technology Merger Group at Goldman Sachs, where he advised many of the firm’s technology clients on mergers, acquisitions and restructurings.

Mark holds a B.S. degree from Canisius College and an M.B.A. from the Columbia University Graduate School of Business. He serves on the Columbia Business School board of overseers.

Eric Young

Partner and Co-Founder, Canaan Partners

Eric Young co-founded Canaan Partners in 1987, and since then he has led investments in numerous market-leading tech companies, helping them grow from inception to exit. Eric has partnered with startups that have defined their industries: Argon Networks, Capstone Turbine, Copper Mountain Networks, Diffusion Software, Enpirion, Frame Technology, International Network Services, Kalpana, ONI Systems, SandForce, Spectrian and Visigenic Software.

Currently, Eric serves on the boards of EnStorage, a developer of grid-scale energy storage systems, Cortina Systems, a leading supplier of highly integrated communication devices, Lancope, the global leader in network behavior analysis for security, Ebates, number one in online shopping loyalty programs, and Xirrus, an innovator in high performance enterprise Wi-Fi systems.

Before starting Canaan, Eric was a Senior VP in GE Venture Capital, where he led successful investments in companies such as Nellcor and Octel Communications. Eric also held a variety of sales, marketing and operations management positions at GE in two power-related industrial product businesses.

Eric earned a BS in mechanical engineering from Cornell University and a MBA from Northwestern University. He's a member of the Advisory Council of Cornell University's entrepreneurship initiative, Entrepreneurship@Cornell, and actively promotes the transformative power of entrepreneurship within the broader Cornell community. In addition, Eric serves on the steering committee for SINET, the IT security industry group dedicated to promoting innovation in the public and private sectors.

OPENING Remarks

Alan Patricof '57

Founder of Apax Partners and Greycroft Partners

Alan Patricof is the founder and managing director of Greycroft LLC. A longtime innovator and advocate for venture capital, Alan entered the industry in its formative days with the creation of Patricof & Co. Ventures Inc., a predecessor to Apax Partners – today, one of the world’s leading private equity firms with over $41 billion under management. He stepped back from the daily administration and operational aspects of Apax Partners, LP in 2004 to concentrate on a group of small venture deals on its behalf, before forming Greycroft Partners in 2006.

With a 40-plus year career in venture capital, Alan has been instrumental in growing the venture capital field from a base of high net-worth individuals to its position today with broad institutional backing, as well as playing a key role in the essential legislative initiatives that have guided its evolution. He has helped build and foster the growth of numerous major global companies, including, among others, America Online, Office Depot, Cadence Systems, Cellular Communications, Inc., Apple Computer, FORE Systems, NTL, IntraLinks, and Audible. He was also a founder and chairman of the board of New York magazine, which later acquired the Village Voice and New West magazine.

Alan is active in the New York and Washington communities as a board member of TechnoServe, Trickle Up Program, Global Advisory Board of Endeavor, Applied Sciences NYC Advisory Board, and the Initiative for Global Development (IGD) Leadership Council. In October 2013, Alan was appointed as a Member of the President’s Global Development Council by President Obama. From 2007 to 2012, he served two terms on the board of Millennium Challenge Corporation and, from 1993 to 1995, he served as Chairman of the White House Conference on Small Business Commission – both positions were appointed by the President of the United States. He is currently a board member of the Finance Committee of Northside Children for Child Development in Harlem and the Board of Overseers of Columbia School of Business. He is also a member of the Council on Foreign Relations.

Alan holds a BS in Finance from Ohio State University and an MBA from Columbia University Graduate School of Business.

Keynote Moderators

David Carey

Reporter at Bloomberg; Co-author of King of Capital

David Carey covers the private equity industry for Bloomberg News. He has reported on private equity, M&A and the capital markets for more than two decades. Before joining Bloomberg in 2012, he reported for The Deal LLC, was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor and Financial World. He co-authored the book "King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone," released by Crown Publishing in October 2010.

R.A. Farrokhnia

Professor, Columbia Business School

Professor Farrokhnia's entrepreneurial and multi-disciplinary career encompasses principal investments, M&A in investment banking, operations management, and turnaround/restructuring of established and startup ventures, with an emphasis on financial services, banking, and technology firms.

He currently leads the Ventures division of StoneCastle Partners, a $3 billion asset management and finance firm, where he is responsible for deal origination, investment, and execution of various startup ventures in banking and financial services. He previously served as the Managing Principal of 1776 Capital, an international private equity fund, the CFO of a financial technology company acquired by NYSE Group, and the co-Founding and Managing Partner of an emerging-markets' focused private equity fund.

Prof. Farrokhnia earned both his Bachelor and MBA degrees from Columbia University in New York, and remains active in various teaching and mentorship capacities at Columbia Business School. He has an extensive global professional experience, including long-term residency abroad and fluency in several languages.

Dan Primack

Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com, a website focused on venture capital and private equity, and the peHUB Wire, a daily email newsletter with more than 50,000 subscribers.

Prior to hitting the private equity beat in 2000, Primack covered private debt for Private Placement Letter and served as Editor and Cofounder of The 'Bury, a Roxbury, Mass.-based newspaper catering to teenagers and young adults. Primack is a graduate of Haverford College, with a degree in political science.

Jonathan D. Roth

Managing Director and President, Abbott Capital Management, LLC

Mr. Roth has 22 years of private equity investment experience and is responsible for the overall management of the firm.  He also works closely with clients to develop and implement private equity investment programs.  Mr. Roth reviews investment opportunities, with specific emphasis on the analysis and due diligence for prospective investments, and is engaged in the negotiation of business and legal issues, ongoing monitoring of investments and profit realization from distributed securities.  Mr. Roth also serves on several partnership advisory boards.  Prior to joining Abbott in 1992, Mr. Roth was an Associate at Elmrock Partners and a Financial Analyst with Amoco Corporation.  Prior to obtaining his M.B.A., he worked for Chemical Bank as a corporate lending officer.

Mr. Roth received his A.B. in Economics from Cornell University and his M.B.A. from The Fuqua School of Business at Duke University.

 

CLOSING Remarks

R. Glenn Hubbard

Dean and Russell L. Carson Professor of Finance and Economics at Columbia Business School

Glenn Hubbard was named dean of Columbia Business School on July 1, 2004. A Columbia faculty member since 1988, he is also the Russell L. Carson Professor of Finance and Economics. Professor Hubbard received his BA and BS degrees summa cum laude from the University of Central Florida, where he received the National Society of Professional Engineers Award. He also holds AM and PhD degrees in economics from Harvard University. After graduating from Harvard, Professor Hubbard began his teaching career at Northwestern University, moving to Columbia in 1988. He has been a visiting professor at Harvard’s Kennedy School of Government and Harvard Business School, as well as the University of Chicago. Professor Hubbard also held the John M. Olin Fellowship at the National Bureau of Economic Research. In addition to writing more than 100 scholarly articles in economics and finance, Professor Hubbard is the author of two leading textbooks on money and financial markets, as well as co-author of Seeds of Destruction; The Mutual Fund Industry; The Aid Trap: Hard Truths About Ending Poverty, and Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System. His commentaries appear frequently in Business Week, the Wall Street Journal, the New York Times, the Financial Times, the Washington Post, Nikkei, and the Daily Yomiuri, as well as on television (on PBS’s Nightly Business Report) and radio (on NPR’s Marketplace).

In government, Professor Hubbard served as deputy assistant secretary of the U.S. Treasury Department for Tax Policy from 1991 to 1993. From February 2001 until March 2003, he was chairman of the U.S. Council of Economic Advisers under President George W. Bush. While serving as CEA chairman, he also chaired the Economic Policy Committee of the OECD. In the corporate sector, he is currently a director of ADP, BlackRock Closed-End Funds, KKR Financial Corporation, and Met Life. Professor Hubbard is married to Constance Pond Hubbard. They live in Manhattan with their two sons.

Donna M. Hitscherich '90

Director, Private Equity Program
Senior Lecturer, Finance and Economics

Professor Donna Hitscherich was appointed as director of the Private Equity Program in October 2010. Professor Hitscherich now serves as Senior Lecturer in the Finance and Economics division, a position she has held since 2008 after a nearly twenty year career in investment banking and law. Donna has a long and distinguished history of teaching at Columbia, including nearly 20 years as an adjunct professor in the business school and as a lecturer in law and accounting at Columbia Law School. Professor Hitscherich was awarded the Commitment to Excellence Award by the Berkeley-Columbia Executive MBA Class of 2010 and was nominated for the Dean's Award for Innovation in the MBA Curriculum in 2002. Professor Hitscherich currently teaches Corporate Finance, Advanced Corporate Finance and Mergers and Acquisitions in the MBA and Executive MBA programs. From 1988 through 1990, Professor Hitscherich was an assistant professor of law at St. John's University School of Law, where she taught Federal Securities Regulation and Legal Ethics.

Prior to her present position at Columbia, Professor Hitscherich had a career in investment banking, during which she held positions at CS First Boston, J. P. Morgan & Co. Incorporated and Banc of America Securities. At J. P. Morgan, she was a founding member of the takeover defense team and a senior member of the advisory review committee, which was responsible for all of the M&A fairness opinions issued by the bank. As a managing director in the mergers and acquisitions group of Banc of America Securities, she was secretary of the firm's fairness opinion review committee and a major contributor to the firm's training programs for managing directors and associates. Prior to her career in investment banking, Professor Hitscherich was a corporate lawyer at Skadden, Arps, Slate, Meagher & Flom.

Professor Hitscherich is a founding member of Gnosis Advisors LLC, a financial education advisory firm and has served as an expert witness and provided litigation support in several complex securities litigations respecting various matters, including valuation, due diligence, custom and usage in the finance industry, and financing alternatives. Her research interests include mergers and acquisitions, valuation and fairness opinions. She holds a JD from St. John's University (magna cum laude) where she was a member of the St. John's Law Review, an MBA from Columbia University Graduate School of Business where she was elected to Beta Gamma Sigma and a BS from St. John's University (summa cum laude). She is admitted to the Bar in the State of New York.