and

welcome you to our webcast:

Private Equity Outlook: Dealflow, Exits and

Fundraising

Moderator

Sarah Hashim-WarisVideo reporterThe Deal LLC

Matthew PorzioVice president of M&A solutionsIntraLinks

Expert panel

Jean-Pierre PaquinManaging directorBBH Capital Partners

Expert panel

Sam OhPartnerApollo Global Management

Expert panel

Jonathan BraudeSenior writerThe Deal LLC

Expert panel

The landscape of PE dealflow

Source: IntraLinks Deal Flow Indicator

Source: Prequin

Source: Prequin

Behind the numbers: 669 PE-backed buyout deals in Q1 2012, valued at an aggregate $46.3 billion – a 20% decrease in deal value from Q4 2011

Source: Prequin

82% of PE deals in Q1 2012 were less than $250 million

Source: RBCNote: A&D activity includes only U.S. onshore transactions of $20+ MM.. YTD Corporate M&A activity not available

Source: RBCNote: Includes only U.S. onshore transactions of $20+ MM.

Source: U.S. Energy Information Administration, Annual Energy Review 20101. Petroleum products supplied, including natural gas plant liquids and crude oil burned as fuel. Does not included biofuels that have been blended with petroleum

PE-backed IPOs

Opportunities in secondary buyouts

The market for dividend recaps

Regional Make-up of Fundraises Fundraises Indexed to Q1 2010

Source: IntraLinks

Source: Prequin

Source: Prequin

Source: Prequin

Fundraising: Numbers for thought

• Funds focusing on North America raised the most capital of those closed during Q1 2012, with 67 funds having raised a total of $27.3 billion

• Europe-focused funds that closed in Q1 2012 raised an aggregate $15.1 billion, with 23 funds targeting the region

Source: BBH

BBH Capital Partners IV LP closed on Dec. 29, 2011, with $517.5 million in commitments; the BBHCP fund family

now exceeds $1.4 billion

Expectations for fundraising in 2012

Outlook

Audience Q&A

•thank you for joining our webcast

and