The return expectations of traditional asset classes -- cash nearing zero, bonds mired in historically low yields, equities defying gravity -- are creating a frustrating environment, so where will investors turn? Are they working up an appetite for risk? What new and perhaps yet-to-be-discovered alternatives will come to the fore? On the other hand, will synthetic instruments and the enormous migration of capital into private equity and away from public markets spark a round of innovation backlash? How will the capital markets direct the flows of money in motion toward the "next big thing"? This panel will explore Wall Street's penchant for invention when it comes to securitizing asset.

Speakers:
Tony Blair, Former Prime Minister, Great Britain and Northern Ireland
Bill Gates, Co-Chair and Trustee, Bill & Melinda Gates Foundation
H.E. Paul Kagame, President of the Republic of Rwanda
Strive Masiyiwa, Chairman and Founder, Econet Wireless
Rhonda Zygocki, Executive Vice President, Policy and Planning, Chevron Moderator:
Michael Milken, Chairman, Milken Institute Africa is home to six of the 10 fastest-growing economies, driven largely by surging foreign investment flows. FDI is expected to reach $150 billion in 2015 - double the amount received last year and six times more than in 2000. Africa is also home to the world's largest concentration of impoverished people, and the considerable gap between rich and poor continues to widen. For Africa's natural resource sector - target of 90 percent of foreign investment - to spread prosperity, reduce inequality and underwrite gains in human development, a new, collaborative approach to investment is essential. There are important roles for a range of players: investors, corporations, governments, development agencies, NGOs and foundations. This panel of global leaders will discuss innovative and untraditional ways to expand health care, build institutions and broaden the economic base on the continent.

Salaries, viewership, team value - records are being broken in sports, and we're not talking about player stats. It largely comes down to the spellbound TV watcher who can't get enough. This has led to incredibly lucrative broadcast deals - adding millions of dollars to teams' bottom line and ever-more programming for the insatiable fans. Can the pie continue to expand and the numbers continue to rise? What about the experience of those who go to games? How are owners keeping up? What are the challenges and opportunities for those in the sports business today? Our panel of stars will discuss valuations, how teams and players are marketed and opportunities on a global scale.

Speakers:
Lauren Leichtman, Founding Principal and CEO, Levine Leichtman Capital Partners
Brian Reynolds, Managing Partner, Chatham Capital
Ted Virtue, CEO, MidOcean Partners
Barry Volpert, Co-Founder and CEO, Crestview Partners
Kneeland Youngblood, Founding Partner, Pharos Capital Group Moderator:
Adam Sokoloff, Managing Director and Global Head of Financial Sponsors Group, Jefferies LLC
The last quarter of 2012 saw a 20 percent annual increase in the value of middle-market M&A transactions after a long, flat period since the start of the credit crunch and recession. The last bull market cycle in M&A peaked in 2007. With middle-market private equity firms becoming more active acquirers, are we now positioned for a recovery in restructurings and turnarounds? The assembled experts will discuss what sectors, traditional for private equity and otherwise, are likely to benefit from the next wave. How will corporate, cross-border and financial buyers divide the market? What's the trend in lending, and will CLOs and business development companies maintain their prominent roles? Will tax code uncertainties and worries about public deficits curb activity?