20 DEVELOPED BY LIMITED PARTNERS FOR LIMITED PARTNERS The Secondary Fund Modeling course offered under the ILPA Institute suite of programs is designed to provide participants with a detailed understanding of modeling a private equity fund interest. This practical, hands-on course will provide a general framework and tools to understand the key drivers to assess a secondary opportunity from the diverse perspectives of the buyer, seller and general partner. Participants will be exposed to all the major quantitative and qualitative considerations and will learn the key components of a secondary model that will include an interactive case study to further understand the function and execution that can be applied outside of the course. WHO SHOULD ATTEND Experienced investment professionals working at many different organization types can benefit from this program. Past participants include representatives from public and private pension funds, family offices, foundations, endowments, insurance companies and government organization who are investing or considering investing in private equity. PRE-REQUISITE Participants should have some financial modeling and significant private equity knowledge from prior work experience. A proficiency in Excel is necessary to gain the most value from the course. DELIVERY METHOD Group-Live Each participant will be required to bring a laptop with Microsoft Excel. Any of the following versions of Excel is fine for the program (Excel 2003, 2007, 2010, 2013 or 2016) EDUCATIONAL CREDITS Earn 7 CPE credits COURSE DATE AND FEES January 26, 2018 San Francisco February 6, 2018 London (This course will be offered in conjunction with the ILPA European Forum.) Member early bird rate $899* Deadlines November 16, 2017 San Francisco December 20, 2017 London Member regular rate $1,199* Non-member rate $1,799* Member Early Bird Deadline December 20, 2017 REGISTRATION LINK https://ilpa.org/events-trainings/secondary-fund- modeling/ https://ilpa.org/events-trainings/secondary-fund- modeling-uk/ PROGRAM LEVEL Intermediate SECONDARY FUND MODELING SPECIALIST SERIES *London course offered in Euro pricing, see page 22.