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Josh LernerThe American Chamber of Commerce (AmCham) Bahrain hosted a monthly luncheon meeting at the Diplomat Radisson SAS Hotel. Over 50 members, guests and media representatives attended the event which also featured presentations by the Group CEO of @bahrain Nicola Pero titled “Making money meaning @bahrain” and Josh Lerner on “The Future of Private Equity in a Time of Flux”.

Adel Al Saffar Chairman AmCham welcomed the guest speakers and highlighted the importance for having such interactive meetings for the benefit of the business community in the Kingdom of Bahrain.
Part of the Bahrain Mumtalakat Holding Company, @bahrain is a unique destination integrating entertainment, technology and commerce - forging a template for a new development genre. Despite the current economic climate, @bahrain has found that investors have a positive appetite for what is on offer. Pero explained what it is that is attracting such interest, and why.

Josh Lerner, in his presentation discussed the future of private equity: peril, promise and paradox.
Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, with a joint appointment in the Finance and the Entrepreneurial Management Units. He graduated from Yale College with a Special Divisional Major which combined physics with the history of technology. He worked for several years on issues concerning technological innovation and public policy, at the Brookings Institution, for a public-private task force in Chicago, and on Capitol Hill. He then earned a Ph.D. from Harvard's Economics Department. 
Much of his research focuses on the structure and role of venture capital and private equity organizations. (This research is collected in The Venture Capital Cycle, MIT Press, 1999 and 2004, and The Money of Invention, Harvard Business School Press, 2001.)  His new book, Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed—and What to Do About It, is being published in the Fall of 2009 by Princeton University Press. He also examines the impact of intellectual property protection, particularly patents, on the competitive strategies of firms in high-technology industries. (His book with Princeton University Press, Innovation and Its Discontents, addresses these issues.)  He founded, raised funding for, and organizes two groups at the National Bureau of Economic Research—the Entrepreneurship Working Group and the Innovation Policy and the Economy Group—and is a Research Associate in the Corporate Finance and  Productivity Programs and serves as a co-editor of their publication Innovation Policy and the Economy.

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