DAY ONE: May 11, 2009
11:00 AM – 11:30 AM REGISTRATION
11:30 AM – 12:00 PM OPENING REMARKS
DEAN BARRON HARVEY of the Howard University School of Business, MICHAEL GRANGER & KENNETH FELTMAN
12:00 PM – 1:30 PM LUNCHEON
KEYNOTE SPEAKER COLIN POWELL
1:30 PM – 1:45 PM NETWORKING BREAK
1:45 PM – 2:45 PM PANEL I
ENTREPRENEURSHIP AND MERGERS AND ACQUISITIONS: THE KEY TO BUYING OR BUILDING
The past three decades have shown such a rapid increase in entrepreneurship that it has become vital to the very health of the U.S. economy. It is not surprising that there is a burgeoning minority entrepreneurial class. This panel exemplifies this stream of business activity that, if supported by the wider business community, promises to transform our economy into an even more dynamic one. These experienced entrepreneurs will impart to conferees the essential lessons learned in building major enterprises.
Moderator – Hugh Williams, CEO, Continental Painting John Rogers, Founder & CEO, Ariel Capital Management Christopher Williams, CEO, Williams Capital John Clendenin, CEO, ICLogistics & Former Senior Faculty Harvard Business School Robert D. Blackwell Jr., Founder, Electronic Knowledge Interchange
2:45 PM – 3:00 PM NETWORKING BREAK
3:00 PM – 4:00 PM PANEL II
BANKING: WHAT DOES BANK CONSOLIDATION MEAN FOR SMALL & EMERGING BUSINESSES?
The banking industry, especially large, money center banks, play a major and pivotal role in U.S. commerce. The willingness to lend, sometimes aggressively, in leveraged transactions and make business loans of all types can literally dictate success or failure in these transactions. Yet, these banks have not been able to get traction when it comes to lending to small and minority businesses.
The wave of consolidations that have swept across the industry has doubtless further exacerbated this problem, and not less so has the current mortgage-driven crisis. Some major commercial banks have taken the initiatives to better serve the various underserved markets.
This panel will explore the opportunities available for diverse businesses to secure bank financing in the current environment and beyond.
Moderator – Lafayette Ford, Senior Vice President, Bank of America Lyle Logan, Senior Vice President, Northern Trust Oboi Reed, Vice President & Director Community Relations, Citibank Hall, CEO Independence Federal Savings Bank Wachovia US Bank
4:00 PM – 4:15 PM NETWORKING BREAK
4:15 PM – 5:15 PM PANEL III
REAL ESTATE: FINDING OPPORTUNITIES IN REAL ESTATE MARKET
The real estate business and its many facets is an emerging area of opportunity for minority entrepreneurs. Opportunities in the real estate market are driven by many forces, not the least of which is a dynamic economy and the important role that major metropolitan areas play in the growth of the economy. This panel exemplifies some of the emerging entrepreneurs in various facets of the real estate business. They will discuss the opportunities and challenges in building major businesses in the real estate market.
Moderator – Omar Karim, Managing Partner, Banneker Ventures Kevin Jordan, CEO, Goldman Sachs Urban Investment Group Quintin Primo, Co-Chairman, CAPRI Capital Ed Baten, General Manager, W Hotel NYC Martin Nesbitt, President, PRG Parking Management
6:30 PM – 9:00 PM COCKTAIL RECEPTION & AWARDS DINNER
Host: Dean Barron Harvey Guest Speaker: Chris Tucker, Actor & Comedian
DAY TWO: May 12, 2009
9:00 AM – 9:45 AM CONTINENTAL BREAKFAST & BREAKFAST KEYNOTE SPEAKER
9:45 AM – 10:45 AM PANEL IV
PRIVATE EQUITY: BEYOND A NON-TRADITIONAL SOURCE OF FUNDING
Gaining access to private equity and venture capital is as important to creating successful entrepreneurs as is the power of the business idea itself. Yet, in a market that is overflowing with private equity investments primarily from public pension funds, emerging managers in the private equity industry have seen a slow and intermittent drip of capital commitments rather than a constant flow. A number of large pension funds have pioneered investing in the emerging segment and continue to do so. Raising and investing private equity funds and building a private equity business is one of the most challenging professions in the financial services industry. However, in order for certain geographies, industries and groups in our economy to grow and participate in capitalism, the scope of private equity investments must be broadened to tap new and emerging talent.
Moderator - Michelle Collins, Founding Partner, Svoboda Collins Tarrus Richardson, Co-Founder & Managing Director, ICV Capital Terry Jones, Founder & Managing Partner, Syncom Venture Partners Kneeland Youngblood, Founding Partner, Pharos Capital Group Brian Argrett, President & CEO, Fulcrum Capital Group Larry Bettino, General Partner, StarVest Partners Hispania Yucuipa
10:45 AM – 11:00 AM NETWORKING BREAK
11:00 AM – 12:00 PM PANEL V
INSTITUTIONAL INVESTORS/PUBLIC PENSION FUNDS: SECRETS TO GAINING ASSET PLACEMENTS
With the financial services constituting over 20% of the U.S. GDP, a conversation about entrepreneurship must include it, less we exclude a significant portion of where the new businesses are coming from. We pose the question: what role will asset management play in the renaissance of growth in minority businesses? It is widely known that public pension funds and other institutional investors, given their dominant role as investors, hold the key to progress for emerging managers in asset management and private equity, and by extension, the entrepreneurial world. It is also widely known that the success of emerging managers is dependent on decisions at the policy level. These policy decisions affect the ability of emerging asset mangers to build major firms in the industry. This panel of pension fund trustees and executives of institutional funds will provide insightful information about what informs their policy decisions and on how emerging managers and minority investment firms, in particular, can gain asset placements and access growth capital.
Moderator – Andre Rice, President, Muller & Monroe Charles “Chuck” Valdez, Trustee, CalPERS Denise Nappier, Treasurer, State of Connecticut Alexi Giannoulias, Treasurer, State of Illinois William Thompson, Comptroller, City of New York Dr. John Albertine, Vice Chairman, Virginia Retirement System Louis Moret, Trustee, CalPERS
12:00 PM – 12:15 PM NETWORKING BREAK
12:15 PM – 1:45 PM LUNCHEON
FEATURED SPEAKER CHRIS WILLIAMS
2:00 PM – 3:00 PM PANEL VI
ENTERTAINMENT, MEDIA AND SPORTS BUSINESSES: FINDING AND FINANCING EMSOPPORTUNITIES
Entertainment, media and sports (“EMS”) offer the greatest dichotomy as it relates to participation of minorities and women. The creation of content and participation on these playing fields has disproportionately large input from African-Americans and Hispanics, but comparably negligible participation in the ownership and business aspects.
The few spectacular successes in the ownership and business aspects offer hope of greater potential. Spike lee, Sean ”Diddy” Combs, Shawn “Jay-Z” Carter, Russell Simmons, Robert Johnson, Cathy Hughes, et al, demonstrate why a concerted effort is required to create financing vehicles to tap this enormous potential. This panel will concern itself with a discussion of the opportunities to build EMS based businesses and strategies for financing them. Are the current investment vehicles adequate for funding these businesses or should there be EMS-focused fund?
Moderator – Terry Jones, Founder & Managing Partner, Syncom Venture Partners Andre Farr, Entertainment Promotion & Sports Management Sean “Diddy” Combs, Actor & Singer Robert L Johnson, Founder, RLJ Companies Renetta McCann, CEO, Starcom MediaVest Group
3:00 PM – 3:15 PM NETWORKING BREAK
3:15 PM – 4:30 PM CONCLUDING SESSION
ROUNDTABLE DISCUSSION WITH POLITICAL AND BUSINESS LEADERS
It goes without saying that the future of the entrepreneurial segment of the economy is what we make it. With small and emerging business becoming an increasingly important part of the business infrastructure, providing innovation and creating the incremental jobs, the need for creating a more hospitable environment and strategies that promotes growth. The Roundtable Discussion is an opportunity for us to use our collective, multidisciplinary expertise to develop a blueprint for the future we would like to see – the synthesis of ideas from our political, entrepreneurial, financial and corporate brain trust.
Moderator – Chuck Valdez, CalPERS Chris Williams, CEO, Williams Capital John Rogers, CEO, Ariel Capital Management Kneeland Youngblood, Partner, Pharos Capital Robert L. Johnson, RLJ Companies
4:30 PM – 5:00 PM CLOSING REMARKS
DEAN BARRON H. HARVEY, MICHAEL GRANGER & KENNETH FELTMAN