Main Conference Day Two
An informative discussion on how LPs are retooling their investment committees to approve rapid-fire secondary deals and the rise of "dedicated secondary pockets" within broader private equity allocations.
LP-only discussion group run under the Chatham House Rule and open to 30 pre-registered LPs from the following organizations: banks, corporate investors, development finance institutions, endowments, foundations, insurance companies, investment consultants, pension funds, RIAs, single family offices, sovereign wealth funds and wealth managers subject to qualification.
To register, please contact Momina Nehmat at Momina.Nehmat@informa.com
Investigating the trend of rolling assets between successive continuation vehicles and its impact on asset duration and LP liquidity. Managing the conflicts of "selling to oneself" by utilizing independent fairness opinions to establish true market-clearing prices. Navigating complex sell-or-roll requests across hundreds of partnerships under highly compressed diligence timelines
Analyzing the rapid growth of private credit secondaries as LPs seek resilience and yield in a volatile macro environment. Identifying and navigating key differences in secondary credit vs. equity. Exploring how credit CVs are becoming a vital tool for GPs and how LPs are utilizing the secondary market to rebalance their fixed-income allocations.
- Ed Goldstein - Partner, CIO, Coller Credit Secondaries, Coller Capital
Assessing whether buyers and sellers are finally aligning on asset pricing, or if 2021 expectations still clash with current market realities. How are escalating liquidity pressures shaping the venture capital secondaries market? Which types of VC assets and direct venture secondaries are currently most sought-after by secondary buyers? Forecasting how this rapidly growing secondary market segment will continue to evolve and mature.
Discussing how the "AI arms race" is shortening the typical infrastructure hold period and forcing a re-evaluation of data centre asset lifecycles. Do data centres require a dedicated secondary playbook compared to traditional core infrastructure like roads or utilities? Identifying the early warning signs of "winners and losers" in power-constrained markets and how this impacts secondary valuations.
Why is the medium and smaller end of the market currently seeing a surge in activity as LPs and GPs seek targeted liquidity for non-core assets? How does mid-market avoid “bidding wars” of the mega-cap world? Sharing strategic approaches to "Zombie GPs". Analyzing the rise of new, specialist secondary managers and the role they play in institutionalizing the "small-cap" secondary ecosystem.
- Thomas Hallinger - Managing Director, Golding Capital Partners
Mapping the rise of real estate continuation vehicles as a strategic way for managers to scale mature portfolios and manage investor needs. How are buyers and sellers navigating the valuation gap? Sharing strategies for managing "tail-end" real estate funds where only a few assets remain, but the management overhead persists.
Analyzing how market corrections are closing the LP-GP pricing gap. Why mid-market asset discounts vary wildly and how to spot value. Ensuring fair pricing when a GP sells an asset to themselves. Factoring macro headwinds and the exit drought into aging funds
- Jerry Newman - President & Founder, Willowridge Partners
Decoding the seismic shifts transforming the North American secondaries market from a simple liquidity tool into a strategic powerhouse. An exclusive look at the next wave of market evolution, emerging transaction models, and what the future holds for GPs and LPs alike.