1. Margaret Cannella `76, Administrative Director Greta Larson, Associate Director Michael Hillmeyer `97, Program Manager Columbia Business School Private Equity Fellows Program 2014-15 Information Session for Prospective Applicants April 16, 2014

2. The Fellows Program: Objectives 1) Decide on your area of interest in PE: Large Cap, Middle Market, Growth Equity, Emerging Markets, Restructuring (http://www8.gsb.columbia.edu/privateequity/Pebusinesssegments(http://www8.gsb.columbia.edu/privateequity/Pebusinesssegments) 2) Develop a network of industry contacts 3) Prepare your job search 4) Hone your already-developed LBO model building skills 5) Get ready for case interviews 6) Be prepared to successfully navigate the entry level role 2

3. The Fellows Program: Content Assignment of alumni mentor(s) After-hours lectures Case writing 3

4. The Fellows Program: Selection We are targeting 25 students for the 2014-15 PE Fellows Program ● Relevant full-time and summer experience ● Essay detailing area of specific interest in private equity, top five firms of interest within that area and rationale ● Grades in core courses ● Faculty recommendations ● LBO modeling examination ● Interview 4

5. The Fellows Program: Application Process & Key Dates Application Stage 1 June 2, 2014 Application posted on Fellows web site September 2, 2014 Application due, Essay due September 9, 2014 Academic recommendations due Application Stage 2 September 12, 2014 Notification that application is accepted for Stage 2, and modeling test distributed to those accepted students September 16, 2014 Deadline for turning in modeling test Application Stage 3 September 18, 2014 Notification for acceptance into Stage 3 and interview times assigned September 19, 2014 Case interviews (times assigned) September 29, 2014 General Interviews (times assigned) Fellows Program Schedule September 30, 2014 Notification of acceptance into Fellows program October 2, 2014 Kickoff Reception October 23, 2014 After hours session 1 November 13, 2014 After hours session 2 November 20, 2014 After hours session 3 December 5-7, 2014 Deal Camp (required for Fellows; EMBA fellows will attend after Saturday EMBA sessions) December 11, 2014 After hours session 4 January 29, 2015 Mentor/Fellows Reception February 12, 2015 After hours session 5 February 26, 2014 After hours session 6 March 5, 2015 Fellows Certificate presentation celebration 5

6. The Fellows Program: Application Deliverables and Deadlines Date dueDeliverableSend via September 2, 2014Information formSubmit online via link from PE Fellows Program web site September 2, 2014Resume in.PDF format Send to PEP@gsb.columbia.edu September 2, 2014Responses to essay questions in.PDF format Send to PEP@gsb.columbia.edu September 9, 2014Two academic recommendations Professors must submit via survey link we shared on PE Fellows Program web site September 16, 2014Completed LBO model test Send to PEP@gsb.columbia.edu September 19Case InterviewFinalists will be assigned time for in-person/ on campus interviews September 29General InterviewFinalists will be assigned time for in- person off-campus interview 6

7. The Fellows Program: Contact Information 7 Send all application materials to: pep@gsb.columbia.edu _________________________ Fellows Program Contacts: Professor Margaret Cannella 646- 951-4051 margaret.cannella@gmail.com margaret.cannella@gmail.com Greta Larson 212-854-7989 gl2304@columbia.edu gl2304@columbia.edu Michael Hillmeyer 917-969-4681 mah4@mail.gsb.columbia.edu mah4@mail.gsb.columbia.edu Visit the Fellows Program web site: www.gsb.columbia.edu/privateequity/fellows Follow the Program on Twitter https://twitter.com/cbspe

8. Margaret Cannella at KKR 8

9. Private Equity Program – Greta Larson and Michael Hillmeyer with Donna M. Hitscherich, Private Equity Program Director 9