Moving Forward in Uncertain Times: Navigating a New Economic, Regulatory, and Financial Reality

Wharton Private Equity & Venture Capital Conference

Saturday, February 5, 2011 - Hyatt at the Bellevue, Philadelphia


Glenn Hutchins

Co-Founder and Co-Chief Executive, Silver Lake

Mr. Hutchins is a co-founder of Silver Lake and Co-Chief Executive. He has spent his business career investing in the most rapidly growing and dynamic companies in the U.S. and around the world. Mr. Hutchins is Chairman of the Board of SunGard Corp., a director of the NASDAQ OMX Group, Inc. and Mercury Payment Systems. Previously, he was Chairman of Instinet, Inc., and a director of TD Ameritrade Holding Corp., Seagate Technology, MCI, Inc., Gartner, Inc. and Sabre, Inc.

Mr. Hutchins is active in public and charitable service. Mr. Hutchins served President Clinton in both the transition and the White House as a Special Advisor on economic and healthcare policy. Mr. Hutchins is a director of the Harvard Management Company which is responsible for the management of the University’s endowment. He is also the Chairman of the National Advisory Board, and the W.E.B. DuBois Institute for African and African American Research at Harvard. Mr. Hutchins is a trustee of the Lawrenceville School, the Brookings Institution and the New York-Presbyterian Hospital. He is also a member of the Advisory Council of the Hamilton Project, a Director of the Partnership for New York City, and a member of the Investors Advisory Committee on Financial Markets of the Federal Reserve Bank of New York. Mr. Hutchins holds an A.B. from Harvard College, an M.B.A. from Harvard Business School, and a J.D. from Harvard Law School.

Howard Marks

Chairman, Oaktree Capital Management

Since the formation of Oaktree in 1995, Mr. Marks has been responsible for ensuring the firm's adherence to its core investment philosophy, communicating closely with clients concerning products and strategies, and managing the firm. From 1985 until 1995, Mr. Marks led the groups at The TCW Group, Inc. that were responsible for investments in distressed debt, high yield bonds, and convertible securities. He was also Chief Investment Officer for Domestic Fixed Income at TCW and President of TCW Asset Management Company, the largest of the TCW companies. Previously, Mr. Marks was with Citicorp Investment Management for 16 years, where from 1978 to 1985 he was Vice President and senior portfolio manager in charge of convertible and high yield securities. Between 1969 and 1978, he was an equity research analyst and, subsequently, Citicorp’s Director of Research. Mr. Marks holds a B.S.Ec. degree cum laude from the Wharton School of the University of Pennsylvania with a major in Finance and an M.B.A. in Accounting and Marketing from the Graduate School of Business of the University of Chicago, where he received the George Hay Brown Prize. He is a CFA® charterholder and a Chartered Investment Counselor.

Tom Stemberg

Managing General Partner, Highland Consumer Fund

Tom Stemberg pioneered the office superstore industry when he opened the first Staples store in 1986. Under Tom’s tenure as CEO, Staples grew to more than 1,700 stores and numerous delivery businesses throughout the Americas, Europe and Asia, becoming one of just seven (7) companies in U.S. history to reach $3 billion in sales within 10 years. It is now a $28 billion Fortune 200 company.

Eager to share his entrepreneurial experiences Tom joined Highland Capital Partners in 2005 as a Venture Partner. In 2007, Tom launched the $300 million Highland Consumer Fund to focus exclusively on consumer products, services and retail investment opportunities. Tom currently represents Highland on the boards of City Sports, Guitar Center, Pharmaca and StriVectin.

Dedicated to providing advice and guidance to entrepreneurs, Tom is a member of the Board of Directors at CarMax (NYSE: KMX), lululemon athletica (Nasdaq: LULU) and PetSmart (Nasdaq: PETM). Additionally, he has helped start Olly shoes, an innovative children’s shoe retailer that uses a patented custom fitting process.

Tom has twice been recognized by Worth magazine as one of the most accomplished CEOs and by Boston magazine as the city’s best CEO. Additionally, he has been named to Babson College’s Entrepreneurial Hall of Fame and is a recipient of the Harvard Business School Alumni Achievement Award.

Tom is a trustee of the Boston Symphony Orchestra and maintains close ties to his alma mater, Harvard University, where he serves on the Overseers Committee to Visit Harvard College and is a member of the Faculty of Arts and Sciences (FAS) Financial Aid Task Force.