<b>PIERRE-YVES MATHONET</b> MSc Fin MSc Mngt, is heading the venture capital unit within the risk management division of the European Investment Fund. He is also a member of the private equity subcommittee of the Chartered Alternative Investment Analyst&#174; Program.<a name="OLE_LINK1"></a><a name="OLE_LINK2">Before that, he worked</a> as an investment banker in the technology groups of Donaldson, Lufkin &amp; Jenrette, and Credit Suisse First Boston, and previously for the audit and consulting departments of PricewaterhouseCoopers. He is a regular speaker at major conferences, and initiated and chaired the EVCA&#8217;s Private Equity Foundation Course for Limited Partners. He has contributed articles to some leading alternative investments and financial publications. Pierre-Yves holds a Master of Science cum laude in Finance from London Business School and a Master of Science magna cum laude in Management from Solvay Business School in Brussels. He is also a Certified European Financial Analyst cum laude. <p> <p> <b>Dr THOMAS MEYER</b> heads up the risk management division of the European Investment Fund. Over the last few years he has been responsible for the creation of the European Investment Fund&#8217;s risk management function. The focus of his work is the development of valuation and risk management models and investment strategies for venture capital fund-of-funds. Thomas studied computer science at the Bundeswehr Universit&#228;t in Munich followed by doctoral studies at the University of Trier. He holds an MBA from the London Business School and an MA in Japanese Language and Society from theUniversity of Sheffield. After 12 years in the German Air Force he worked for the German insurance group Allianz AG in corporate finance and as the regional Chief Financial Officer of Allianz Asia Pacific in Singapore. He was a Visiting Research Fellow at Hitotsubashi University in Tokyo and is a member of the private equity subcommittee of the Chartered Alternative Investment Analyst&#174; (CAIA) Program. <p> <p> Together, as risk managers, the authors are responsible for one of the largest European private equity portfolio&#8217;s with of more than 250 funds and over &#8364;6 billion under management. <p>