Washington, DC October 12, 2006 LAVCA 2006 LP/GP Roundtable Darrell Pinto Director, Global Private Equity Performance Thomson Financial T H O M S O N F I N A N C I A L

Data collection at TF PE Fundraising Venture Capital Deals Buyout Deals Global PE Performance Agenda

T H O M S O N F I N A N C I A L Quarterly Surveys in Partnership with associations and other third parties Quarterly Financial Statement Analysis of GPs and their Investors Daily Research through public sources and government filings Benchmarking Tool Private Equity Differentiators for Thomson Financial Private Equity Data Collection at TF Global Content Endorsed by Global VCA

T H O M S O N F I N A N C I A L An Illuminating Perspective on Global PE

T H O M S O N F I N A N C I A L Global PE Investments (January – September 30 th, 2006) 3678 deals $41 12 deals $ deals $ deals $3 All figures in USD billions 12 deals $1.8 7 deals $ deals $12 78 deals $0.6

T H O M S O N F I N A N C I A L PE Fundraising

T H O M S O N F I N A N C I A L PE Fundraising Trend Global PE Fundraising is Near All-time High 1 2 All figures in USD billions

T H O M S O N F I N A N C I A L 8% of the Funds Have Raised 59% of the Capital to Date USEuropeROW Fund Size # Funds$ Raised# Funds$ Raised# Funds$ Raised $mill42$42214$1862$ $mill16$4346$1863$ $mill25$1,49712$6317$ $mill61$7,33417$2,3537$1, $mill 37$9,55516$4,6807$2, $mill 29$16,3079$4,8431$ $mill +23$57,9905$17,051 Total233$93,53979$29,92827$4,587 PE Funds raised between January and July 15 th, % 1 billion+ funds

T H O M S O N F I N A N C I A L Latin American-based Funds – Fundraising by Vintage Year All figures in USD billions

T H O M S O N F I N A N C I A L Venture Capital Deals

T H O M S O N F I N A N C I A L Latin America Captures 1% of Global YTD VC Investments YTD Q VC $33.9 billion All figures in USD billions

T H O M S O N F I N A N C I A L Latin America Captures 10% of YTD VC Investments in Developing Markets YTD Q VC $4.2 billion

T H O M S O N F I N A N C I A L Financial Service Companies Garner Lion’s Share of this Year’s VC Investments in the Region YTD Q VC $417 million

T H O M S O N F I N A N C I A L Trends in VC Investment in Latin America Amount Invested (USD Millions) # Deals

T H O M S O N F I N A N C I A L Average VC Deal Sizes in Latin America (2003-YTDQ3 2006) All figures in USD millions

T H O M S O N F I N A N C I A L North America (2003-YTD Q3 2006) 14,690 VC deals Distribution of VC Deals by Round Latin America (2003-YTD Q3 2006) 171 VC deals

T H O M S O N F I N A N C I A L Buyout Deals

T H O M S O N F I N A N C I A L Latin America Captures 6% of Global Buyout Investments YTD Q Buyouts $31.9 billion Only equity portion of deals with disclosed transaction values

T H O M S O N F I N A N C I A L Latin America Captures 51% of Buyout Investments in Developing Markets YTD Q Buyouts $3.5 billion Only equity portion of deals with disclosed transaction values

T H O M S O N F I N A N C I A L Distribution of Latin American Buyout Deals Almost Entirely in Financial Services YTD Q Buyouts $1.8 billion Only equity portion of deals with disclosed transaction values

T H O M S O N F I N A N C I A L Trends in Buyout Investment in Latin America Amount Invested (USD Millions) # Deals Only equity portion of deals with disclosed transaction values

T H O M S O N F I N A N C I A L Distribution of Global Average Buyout Deal Sizes by Nation (2003-YTDQ3 2006) All figures in USD millions Only equity portion of deals with disclosed transaction values

T H O M S O N F I N A N C I A L Distribution of Latin American-based PE Fund Investments by Nation (2003-YTDQ3 2006)

T H O M S O N F I N A N C I A L Global PE Performance

T H O M S O N F I N A N C I A L US 1844 funds Europe 1071 funds TF’s PE Benchmarking Samples are Comprehensive Cumulative since inception IRRs to 12/31/2005 ( ) ( )

T H O M S O N F I N A N C I A L Venture CapitalBuyoutsAll Private Equity US # Funds in Sample Pooled Average IRR16%13.4%14.3% Maximum721%243.9%721% Upper15.6%18.2%15.9% Lower-3.7%-0.6%-2.4% Minimum-100%-90.2%-100% EUROPE # Funds in Sample Pooled Average IRR6.3%13.6%10.3% Maximum303.8%268.1%303.8% Upper6.1%17.8%10.6% Lower-8.3%0%-5.3% Minimum-100% Cumulative since inception IRRs to 12/31/2005 for Europe and to 3/31/2006 for the US Sample – Cumulative Industry Returns

T H O M S O N F I N A N C I A L An Illuminating Perspective on Latin American PE

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