On behalf of the Wharton Private Equity Club, we are pleased to invite you to the 2005 Wharton Private Equity Conference. The conference is a unique opportunity for alumni, industry leaders, faculty and students to discuss the current trends and emerging opportunities in the private equity and venture capital communities. Through keynote speakers and panel discussions, attendees will gain valuable insights into important issues such as the outlook for deal flow, challenges in fundraising, structuring deals for maximum returns and managing portfolio companies through difficult markets. Recognizing that the private equity industry continues to evolve, a significant theme of this year's conference is to address the ramifications and lessons learned from the most recent industry cycle along with the outlook for the industry's future. We hope you will join us for what we believe will be an engaging and exciting day.

	Glenn Hutchins Founder and Managing Director, Silver Lake Partners
	Howard Marks Founder and Chairman, Oaktree Capital Management
	Andreas Beroutsos Founder and Director, PE Practice, McKinsey & Co.

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