Summit Day
Summit Day
Has fundraising got any easier in 2024? Are we still seeing a bifurcation between the haves and have nots and are emerging managers being squeezed out? Have LPs been playing it safe and is that really what private equity should be about?
What innovative solutions are managers utilising to make themselves an attractive proposition in today’s challenging fundraising environment? What are LPs looking for that the more nimble and innovative GPs might be able to provide?
How has the private debt market fared in 2024 and what growth can we expect in 2025 and beyond? How are managers successfully navigating interest rates cycles and volatility? What have we learned from the recent crises that the market has faced in recent years?
Which strategies are thriving in today’s environment? Did we see defaults at the rate we expected in 2024? Who is best placed to deliver returns in 2025?
To what extent is the secondary market counter cyclical or is it now wholly independent of cycles? As secondary fund sizes reach extraordinary levels, is the secondary market still undercapitalised? What is the future potential of the market and where will the GP/LP split end up?
As the GP led market matures, what’s the best way for investor to construct their GP-led portfolio? Which segments of the GP-led market offer the better risk/return profile and how can you best achieve your desired diversification?
If fundraising gets easier will demand for co-investment die down? How can LPs ensure they are good co-investment partners? How quickly do LPs need to act when co-underwriting and how achievable is this for mid-market deals?
What are the motivations for independent sponsor deals and is this strategy becoming more mainstream? How does alignment fair in these deals?
What are the pros and cons when comparing the lower and upper mid-market within private debt and how is each market defined? Should you have both in your portfolio and is specialised managers for each segment the best approach?
Which niche strategies are growing in today’s environment? To what extent is there a growing demand for venture debt as equity dries up? Are new pools of capital arriving in debt secondaries? Does real estate debt remain a challenging segment?
4-5 years into the CV boom, are we starting to see returns? What happens when time is up on the CV, can you re-cap the re-cap? Are CVs still being used with the right motivations? In a environment where DPI is key, are we seeing a push for CVs that might not be the right fit? What are the true motivations and do we need to re-think alignment?
With mid-market secondaries on the rise in 2023, how has this market fared in 2024? Is this segment of the market ripe for secondaries, or is there a mismatch in expectations?
What incentives are managers offering LPs to take part in the first close? To what extent are LPs favouring visibility over favourable terms? With more meetings taking place before an LP commits, are GPs having to make good on promises made in earlier meetings and is this moving the needle more on ESG and DE&I?
How relevant are fund of funds in today’s market? Is it only in the smaller end of the market where fund of funds really show their value?
Are there certain segments of private debt where FOFs really add value? How should LPs consider accessing private debt opportunities through FOFs?
As climate becomes a big focus for VC, growth buyout and infra, what role does private debt have to play? How big is the opportunity set?
Have LP-leds taken a greater portion of the market in 2024 and what does the future hold? What discounts are we seeing?
What are LPs motivations for activity in the LP-led and GP-led market? How do LPs view the trade off between early cash flow and IRR versus realised cash returns?
To what extent are co-investments and continuation vehicles rubbing shoulders and does it matter? How is alignment being achieved and protected in each?
Discussion group run under the Chatham House Rule and closed to press. For LP pre-registration email olivia.nardell@informa.com For GP pre-registration email abbie.cooper@informa.com
What are the pros and cons when weighing up open ended versus traditional closed end vehicles? Will ELTIF 2.0 be a game changer?
Discussion group run under the Chatham House Rule and closed to press. For LP pre-registration email olivia.nardell@informa.com For GP pre-registration email abbie.cooper@informa.com
Are NAV loans the new credit lines? How are they being used and how prevalent are they in the market? Are LPs sceptical about the risk and return benefits and do LPs consider these as synthetic distributions? Are NAV loans merely one part of a toolkit for stretching capital; how do they fit in amongst recycling and bridge accounting?
Discussion group run under the Chatham House Rule and closed to press. For LP pre-registration email olivia.nardell@informa.com For GP pre-registration email abbie.cooper@informa.com