Main Conference Day One
By invitation only, closed-door discussion run under the Chatham House Rule. This exclusive breakfast is only open to invited development finance institutions, endowments, foundations, insurance companies, pension funds and sovereign wealth funds. For more information, please contact Sarah Donahue on sarah.donahue@informa.com
What core catalysts shifted the secondary market from a specialized liquidity tool into a powerhouse segment of private equity? How have dominant market participants accelerated growth and driven the institutionalization of this space? Examining the extreme pricing bifurcation between premium assets and lower-quality portfolios. In what ways has this expansion broadened the secondary market's footprint across diverse asset classes?
How can GPs maintain fairness and transparency in GP-led processes while effectively meeting their investors' demands for liquidity? What strategies and best practices allow managers to deliver short-term liquidity without disrupting long-term investor alignment and future value creation? Examining the rising trends, operational hurdles and key risks in today's GP-led market. How can both LPs and GPs successfully navigate them? |
What strategic motivations lead secondaries GPs to sell equity stakes in their own management companies, and how is this capital deployed to scale their broader platform capabilities? How do LPs perceive secondaries managers selling equity, and does this practice fortify long-term alignment or create structural friction? Exploring underwriting risks and governance trade-offs that arise when investing in a secondaries firm compared to backing a traditional buyout manager.
How are LPs rewriting the portfolio management playbook? Exploring where institutional allocators are finding fresh opportunities and which strategies are winning their capital today. How are leading LPs leveraging secondary markets and creative liquidity structures to stabilize cash flows without eroding their long-term upside?
Navigating multi-million-dollar employee tender offers, mitigating complex Right of First Refusal (ROFR) risks, and managing contractual constraints to protect cap table stability. Addressing the rise of bespoke deal structures that require heavy, follow-on capital commitments to support these long-duration assets.
Offering a rare and candid look at how investors can rigorously vet secondary buyers to safeguard confidentiality and preserve their hard-earned market reputation.
By invitation only, closed-door discussion run under the Chatham House Rule. This exclusive session is only open to invited development finance institutions, endowments, foundations, insurance companies, pension funds and sovereign wealth funds. For more information, please contact Sarah Donahue sarah.donahue@informa.com
What core catalysts are driving the rapid adoption of LP-led secondaries as a mainstream liquidity tool in private equity? What does the surge in LP-led volume reveal about the shifting balance of power between institutional investors and fund managers? With secondary volumes hitting record highs, how can LPs strategically deploy these transactions to manage volatility and rebalance exposures?
Is the emergence of "CV-squared" a sign of market maturity or is it a symptom of systemic exit gridlock forcing synthetic liquidity? When a continuation vehicle rolls into a subsequent CV, does it signal a sophisticated, mature secondary market or a structural failure to achieve true exits? Tackling how buyers underwrite assets that have already undergone one valuation reset, and how the industry manages compounding LP distribution fatigue.
How secondary buyers exploit market-wide liquidity pressures to acquire high-quality, cash-generative loan portfolios at deep discounts. Examining specific pricing methodologies and valuation metrics essential for accurately assessing complex loan portfolios. How should institutional LPs evaluate the risk-return profile of specialized private credit secondary funds compared to traditional primary vehicles?
Co-located session with SuperReturn Private Credit Europe