1. Guernsey Leading the way in Private Equity

2. Welcome Jim Gilligan Chairman GuernseyFinance

3. Leading the way in Private Equity Jon Moulton Managing Partner Alchemy Partners

4. Leading the way in Private Equity Connie Helyar Executive Chairman IPES

5. 5 Private Equity Funds in Guernsey Private Equity Fund

6. 6 Private Equity Funds in Guernsey Private Equity Fund Promoters

7. 7 Private Equity Funds in Guernsey Private Equity Fund Promoters Structures

8. 8 Private Equity Funds in Guernsey Private Equity Fund PromotersInvestors Tax Structures

9. 9 Private Equity Funds in Guernsey Private Equity Fund PromotersInvestors Tax Structures Service Providers

10. Leading the way in Private Equity Rob Hutchinson Executive Director KPMG Channel Islands

11. 11 Private Equity Funds in Guernsey Promoters Investors Private Equity Fund Service Providers Structures Tax Start up Experience/ Expertise Experienced PE fund manager Household name Guernsey management company Manage tax affairs Relocate to Guernsey Fast Track for General Partners

12. 12 Private Equity Funds in Guernsey Alchemy PartnersApax ApolloB C Partners Colony CapitalEQT HarbourvestKKR LehmansPermira Partners GroupSVG Capital Terra firm

13. 13 Private Equity Funds in Guernsey Promoters Investors Private Equity Fund Service Providers Structures Tax Start up Experience/ Expertise Experienced PE fund manager Household name Guernsey management company Manage tax affairs Relocate to Guernsey Fast Track for General Partners

14. Leading the way in Private Equity Ben Morgan Partner Carey Olsen

15. 15 Private Equity Funds in Guernsey Structures Investors Private Equity Fund Service Providers Promoter Tax Legal structure – Limited Partnership Tax transparent Limited disclosure requirements General Partner in Guernsey or elsewhere Guernsey administrator Approval process “GFSC approval” “Self-certification” QIF Registered fund

16. Leading the way in Private Equity Tony Mancini Executive Director KPMG Channel Islands

17. 17 Private Equity Funds in Guernsey Investors Private Equity Fund Service Providers Structures Tax Fund taxation Tax transparent General partner: 0% No VAT/GST No Capital Gains Tax Carried interest Return treated as a capital gain Not taxed in Guernsey Promoter

18. Leading the way in Private Equity Mark Huntley Managing Director Heritage International Fund Managers

19. 19 Private Equity Funds in Guernsey Service Providers Investors Private Equity Fund Promoter Structures Tax Lawyers Auditors CISX Banks Insurance Non- exec directors Fund Administrator

20. Leading the way in Private Equity Connie Helyar Executive Chairman IPES

21. 21 Private Equity Funds in Guernsey Private Equity Fund

22. 22 Private Equity Funds in Guernsey Private Equity Fund Promoters

23. 23 Private Equity Funds in Guernsey Private Equity Fund Promoters Structures

24. 24 Private Equity Funds in Guernsey Private Equity Fund PromotersInvestors Tax Structures

25. 25 Private Equity Funds in Guernsey Private Equity Fund PromotersInvestors Tax Structures Service Providers

26. Guernsey Leading the way in Private Equity

27. 27 Drinks Reception sponsored by