At IPEM Paris 2025 (Palais des Congrès, Sept. 24-26), under the theme “Winning the Long Game”, industry leaders will convene to explore how private markets leaders stay disciplines and keep their eye on the ultimate prize all while seizing any hiccups and disruptions along the way as opportunities.
An overview of the day ahead and objectives for the program.
Panel Session
Over 4 billion people went to the polls last year. Private markets investors were told it was a year of “wait and see”, as deals, fundraising and IPOs were put on ice. Fast forward to 2025 and the US election result has had a similar effect on markets. With so much about America’s new role in the world still unclear, should we accept the world is entering a permanent “wait and see” mode?
Panel Session
2025 was a year when sustainable investing became a political hot potato. In general, asset owners have responded by showing they’re prepared to stay course. The response from managers has been less clear-cut, with some “rebranding” or diluting climate commitments. In the city where symbolic commitments were made to set the world on an unstoppable course to cutting carbon emissions, panelists examine how the current rhetoric has affected investments.
Panel Session
It’s three years since rising interest rates marked a new chapter for private markets. This research will examine the returns profile across private asset classes and strategies - and consider the outlook.
Panel Session
Institutional investors seem to have reached some limits in terms of allocation to private equity. Regulated entities have threshold to comply with. Denominator effects have to be handled more proactively when allocations are teetering with limits.
Panel Session
Whilst fund terms are crucial to get right, their standards continue to evolve.
Led by: CAIA
As distributions faltered, innovation in the secondaries market has been a saving grace for DPI. The market looks set to grow, driven by paralysed exit markets and growth of continuation vehicles. These sessions consider how LPs should think about the various parts of their liquidity tookit.
Sessions
Led by: ILPA
Enhancing alignment of interests between GPs and LPs remains a hotly debated topic, with concerns over erosion of fiduciary duty and increasing conflicts of interest frequently cited. These sessions go deeper into how LPs can successfully navigate these discussions to ensure positive manager relationships.
Sessions
Panel Session
Traditional LPACs offer limited opportunities to consult with other investors in the same fund. In the absence of an official forum, how can LPs build consensus on key issues?
A panel of LPs consider how they could use their bargaining power both individually and as a group.
Panel Session
It’s a familiar story. The gap is widening between top-performing GPs and the rest, with key factors like specialisation, scale and fundraising demand frequently quoted as evidence. How significant will the divide become as AUM continues to grow?
Case study
A theoretical scenario is put to the room by the facilitator, with roundtable discussions between participants on what approach they’d take. 15mins presentation + 30mins discussion + 15mins feedback.
Case study
A theoretical scenario is put to the room by the facilitator, with roundtable discussions between participants on what approach they’d take. 15mins presentation + 30mins discussion + 15mins feedback.
Panel Session
Private markets' assets under management have grown at a CAGR of ca. 15% since 2000. The result is an expansion of investment strategies that provide deeper pools of equity and debt capital which may have traditionally come from public markets. In tandem, the industry has embarked on a journey towards more liquid structures, blurring the lines between the traditional 60/40 approach to asset allocation.
Panel Session
Fund reporting forms the bedrock of an LP’s understanding of how portfolios are performing.
This panel will explore what makes a good quarterly report, how LPs can enhance transparency and get access to data, and whether all LPs should get the same level of detail.
Community session
Either research presentation, case study or Selected from speaker submissions.
Community session
Either research presentation, case study or Selected from speaker submissions.
Community session
Either research presentation, case study or Selected from speaker submissions.
Community session
Either research presentation, case study or Selected from speaker submissions.
Panel Session
M&A activity suggests that private capital is an attractive business to be in. Yet traditional asset managers are not the only buyers of in town. Sovereign wealth funds and pension funds have been buying up alternatives specialists. From allocation to direct equity ownership - what’s been their experience and how do you know it’s right for you?
Key takeaways from the day.
Welcome Remarks
Chair’s Remarks
As private markets mature, they face a paradox of growth: increased efficiency and competition may lead to higher valuations and potentially lower returns. This evolution prompts a critical examination of the sector's future direction, including the sustainability of its growth trajectory and the strategies fund managers might employ to navigate these challenges. How does the industry position itself for success?
The buyout model has evolved over several decades, moving from leverage optimisation to efficiency gains, and now to buy-and-build. The new realities facing investors today may require another shift. From internationalisation towards regional blocks, restrictions on trade flows and commerce, as well as recurring constraints on M&A might require some further adaptation. How may the LBO adapt to these significant and rather quick macro changes?
The first venture capital deal was done after the second world war. The first LBO in the 1960s. As private markets grow, they gain in efficiency. Information flows more readily, is richer, produced more often, which reduces market imperfections and risks. Sourcing of deals is more competitive, as there is not only more capital but also more actors. Valuations tend to increase. As a consequence, returns are expected to decrease over the mid-term. Is this a worry for fund managers and fund investors? If not, how do they analyse the impact of the fast growth and increasing maturity of private markets? If yes, how do fund managers plan to address this trend?
Private infrastructure faces some growing pains. More capital brings increased competition, with assets changing hands more frequently as funds seek to realise exits. Similarly, the growth of infrastructure secondaries is a new part of the toolkit for investors. Whether driven by exits or secondary activity, the nature of owning infrastructure today is changing. How do investors view this changing landscape and what does it do to the investment thesis?
Long-term growth relies upon a steady supply of innovative companies to flourish, with risk capital available to back entrepreneurs and growth businesses. Seismic changes, driven by AI, digitalisation, climate and geopolitics, raise questions about what the “champions of tomorrow” will look like – and, crucially, the nature of long-term capital that they’ll need to succeed.
Co-investments have often been presented as a means to bring down the cost of private market investing. However, they require resources readily available, some knowledge and expertise, and an appetite for portfolio concentration. But did co-investments really address the cost issue by lowering the overall fee level? What about monitoring, transaction and other costs? Operational costs for fund investors? By how much do co-investments lower the effective cost of investing in private markets?
In the next decade, as private markets continue to mature, public and private markets will converge. The effects will be profound on wealth creation, the size of the investable universe and how companies raise capital. We sit down with a leading figure in asset management to make sense of the consequences - discussing the outlook for traditional and alternative assets, the trajectory for retailisation and what it means for the asset management industry going forward.
It’s true that investment hold periods outlast election cycles. Yet the policy decisions being taken today look set to have repercussions for many years to come. To help investors make sense of the enduring effects, this session explores what scenarios investors need to consider.
Geopolitical tensions have thrust the issue of European sovereignty back to the top of the political agenda. From energy security to defence, digital competitiveness to industrial manufacturing, how does political urgency translate to investment opportunities?
Private debt continues its steady progress to win market share from traditional sources of finance - next stop, investment grade credit. However, the natural affinity that aided debt funds domination of sponsor-backed deals may not be so easy with blue-chip corporates. Why and how are funds stealing a march? How do debt funds measure up against capital markets syndication on depth, speed and terms?
2025 was billed as the year that the exit market finally picked up. More stable interest rate outlook and rising equity markets looked set to boost both secondary buyout and IPO activity. Then geopolitics took over, spiking volatilty and shuttering deal markets. Where do we stand now? How are firms adapting their exit horizons? Does a more volatile market risk the ability of PE to complete exits?
Over the past five to seven years, LBO has increasingly focused on external growth through buy-and-build. Is this trend expected to continue, notably as regulators scrutinise increasingly more this strategy? In parallel, multiple deals have targeted former VC deals, but also worked as active minority investors in deals in the luxury sector. Is this the future for LBO? Do we see a convergence between growth equity and LBO? If so, what are the consequences? Is LBO going to refocus more on growth-oriented transactions?
Consolidation, strategic partnerships and minority deals are reshaping private markets as the industry matures. This session gathers some of the players with recent experience in navigating the next phase of growth to explore the options available.
Full-scale M&A
Wealth and distribution partnerships
Insurance tie-ups
Minority GP stakes
Concluding remarks to summarise key takeaways.
An opening scene-setter on the key trends from the year so far.
Panel Session
Panel Session
Panel Session
7 x 7min presentations that explain the early/late stage investment thesis for exciting sectors, such as:
Opening remarks providing context for today’s private infrastructure market.
Panel Session
Infrastructure investing has come a long way since the privatisations of the late 1980s and the secondary trades of the 1990s and 2000s. But some worry that the classical definition of a captured and reliable revenue stream has been stretched too far. In the new context of today’s more challenging markets, is it a natural progression as the asset class matures; or does the definition require an update?
Panel Session
Infrastructure strategies have stolen the thunder of other private markets assets, continuing to attract LP capital thanks to strong tailwinds. But allocation may be slowing as the asset class matures and LPs may need to adopt a more a cautious approach against the backdrop of a difficult market and capricious political environment. The industry’s leading LPs give their opinion of the asset class’s status and how they are adjusting portfolios.
Opening remarks that set the scene on how to understand climate risk in the infrastructure market of the future.
Panel Session
Infrastructure includes some of the most significant sectors for transition and resilience goals, including energy, digital, public infrastructure and real estate. Therefore, what contribution towards meeting these goals can infrastructure make? From renewables to climate resilient assets, this panel will evaluate the role infrastructure investment will play in enabling a credible and material transition.
Panel Session
While the decisions of the Trump administration and European energy producers like BP and Shell may have stolen a few headlines, investment in energy transition assets is not only continuing but accelerating. Consultancy KPMG reported that 72% of the 1,400 international energy transition investors it interviewed shared this view with 52% investing in Europe. But would-be investors in the sector must also navigate a difficult mix of regulatory and policy risks if they are serious about being part of the transformation.
Energy transition experts deconstruct the myths and set out the realities of investing in the energy transition and discuss why it is a movement they cannot afford not to be a part of.
The latest data and trends on investment activity for the hottest infrastructure sectors.
Panel Session
If anyone still had doubts about the importance of digital infrastructure, they were quickly dispelled over the last twelve months by a slew of multi-billion dollar deals. The UK and the European Commission have also underlined the essential nature of datacentres and assets providing digital connectivity such as fibre optic and mobile networks, cloud and edge computing, internet exchange and network infrastructures.
But the sheer scale of digital infrastructure roll out and energy demand has presented unforeseen problems while some have question whether coverage has already reached saturation point in some markets, calling into question the long-term yield upside of some of these assets:
Digital infrastructure investors and sponsors debate the longer-term future of this maturing part of the asset class
Panel Session
Governments across Europe are having to drastically recalibrate their budgets to meet new and urgent security requirements. But at the same time, the need for a health and education infrastructure robust enough to withstand some of these national security challenges while also meeting the needs of an aging population has never been so acute. Governments are turning again to the private sector to plug that gap, but what will that look like this time?
Social infrastructure investors, advisors and owners discuss how private capital can help make schools and hospitals fit for today’s challenging environment and look at the structures that can benefit both the public and investors.
Panel Session
While European governments continue to operate in financially straitened circumstances, the dash for growth has meant investment in transport and logistics should continue to buck the trend. Renationalisation of rail franchises has continued in the UK but a spike in rail investment is expected in Spain and bluer-sky projects such as the Starline High-Speed Network are being discussed. Meanwhile the continent’s airports are still attracting international investor interest. The EU is pressing ahead with its plan to prioritize stable and efficient transport through it Connecting Europe Facility and the UK is hoping to secure private funding for major projects like the £10bn Lower Thames Crossing.
Transport experts, investors, operators and policymakers discuss European government efforts to bring transport infrastructure up-to-date and ask what opportunities this could present infrastructure investors
Concluding remarks to summarise key takeaways from infrastructure sector opportunities.
Panel Session
Early investments in infrastructure have matured at a time when fiscal, geopolitical and technological developments are set to challenge and transform the very nature of the asset class. Investors and their advisors must therefore plan for what may well be an entirely different landscape of essential services which must be fit for new demands.
Senior infrastructure investors and their advisors discuss how they imagine the infrastructure landscape in two decades time and reveal their predictions for the challenges and opportunities of the second half of the 21st century
Panel Session
The awesome power of artificial intelligence (AI) technologies to reshape our lives will be particularly felt in infrastructure where everything from concept, design to operational efficiency and disaster avoidance could be rebuilt in a faster, safer and more sustainable way. But in performing these functions and driving further efficiencies, AI may also change the very nature of infrastructure itself and its not without its own challenges.
AI experts and modern infrastructure operators and investors discuss where they are seeing the use of AI in infrastructure and analyse the pros and cons of this technology for the asset class
Concluding remarks to summarise key takeaways from the sessions.
Panel Session
Against the volatile backdrop of US politics, investors looking at North America are seeking sophisticated hedging opportunities to mitigate risk in an increasingly uncertain environment. Concerns about the wide-sweeping tariffs and intensifying trade wars - and a possible recession as a consequence of the two – are heavy on investors’ minds. This session will explore:
Panel Session
How should investors approach portfolio construction to mititgate risk and capitalise on the opportunities coming from US economic policy.
Panel Session
Despite the many challenges raising, the US mid-market remains a fertile hunting ground for investors. Aside from traditional industrials, transportation and healthcare, opportunities exist in megatrends like artificial intelligence and climate change. This session will explore:
Setting the scene on market activity and key transactions.
Panel Session
Twenty years into the journey, climate investing has become a feature of the private capital landscape; from VCs financing innovative deeptech, to growth and buyout investors that fund proven technologies. But how does private capital scale its contribution in the climate emergency? What are some of the next innovations that will take it beyond a thematic strategy to a major provider of capital? What is the “private debt” moment that accelerates the trajectory?
Panel Session
The policy spasms emulating from the US are rewiring capital flows on green issues. Yet it creates space for a generation of global investors to step in and play a leading role. How do investors from the Middle East, Africa and Asia define their climate investing ambitions in this new geopolitical climate? In the absence of the US dominating the climate agenda, could this be a redefining moment for the sector, with investment in closer proximity to regional needs?
Panel Session
For all organisations, climate has evolved from a peripheral concern to a central consideration. For LPs, the managers and portfolio companies they invest in are no different. But is manager due diligence up to the challenge? Can standard selection processes be enhanced to identify those who are best setup to succeed in a VUCA world? What are the characteristics around incentives, investments and monitoring that indicate a futureproof GP?
Panel Session
The interconnected nature of climate risk means that decarbonisation is now a critical lever for value creation. However, reporting is patchy and far from mainstream, with less than half of US and Asian GPs reporting portfolio carbon emissions. What are some of the effects on investment performance where decarbonisation is non-core? What are the best examples of decarbonisation being embedded into operating teams? What can LPs do to scrutinise efforts?
Networking Lunch
Welcome address
Emerging manager market overview
Reflections by an established GP on their journey from being an emerging manager.
3 x 5min pitching slots
provisional topic
Networking
3 x 5min pitching slots
Provisional topic
3 x 5min pitching slots
Unigestion Emerging Manager Award & Wrap-up
Networking
Welcome Remarks
Chair’s Remarks
Sustainability, risk and return
For the most part, private markets investing consists in buying, transforming and selling within a few years. Is it still true today, under the light of the emergence of long-term funds, quick development of evergreen and continuation funds? Are the basic rules of the profession still applicable? Or is the future different - and if so, how? What will the profession strive for? How will it reinvent itself?
Art of the deal
Secondaries or not? Fig leaf hiding overpriced assets or genuine gem in the rough? Continuation funds are the subject of increasing debates. Besides the thorny question of valuations and conflicts of interest management, the real question is: why do we need them? There are plenty of solutions, chiefly secondary LBOs, that would address the issue of lingering assets in portfolios. Why do fund managers hang on to them? Is it that difficult to source good deals? Do managers fall in love with assets and struggle to let go? Is this all for IRR enhancement in light of a disappointing course of action?
Traditional asset managers continue to build out their private markets franchise at pace. Of the $72trn managed by the top 25 traditional asset managers, $4trn is now in private markets. Whilst some continue to hunt for deals, others are sticking to their roots - looking to increase access to private markets through low-cost products. What’s the outlook on M&A strategy? Can traditional managers be major market consolidators? What are the advantages to private alternatives of being part of a heritage brand in public markets? What’s the future role of private markets within the stable of the big players?
Should private market fund performances be mandatorily made public? As private markets reach a form of maturity, is the confidentiality surrounding fund (and deal) performance still warranted? If so, why? What is so detrimental to private markets in communicating detailed and harmonised net fund performances? Should the measures of performance be changed to shift from the IRRs to PMEs? What is the best measure of risk in private markets, which can notably be used in the wider context of asset allocation?
If investors could "buy the market" in private equity, they would not lose capital. This proposition is very attractive, especially given the difficulty in selecting funds and the wide dispersion of performance. However, building an investable passive private market index remains elusive. Why is this so difficult? Is this even possible? What would be the required conditions to see the emergence of such a product? Is the challenge informational? Operational? Technical? Who would be the most legitimate type of actor to create such a product? Who would be the core client group for such a product?
They are often blamed for being expensive, with a double layer of fees. They offer a rather conservative risk-return profile (very low risk of losses, but also fairly limited return potential). Marketplaces and platforms provide a wide range of options. Investors now have increasing access to funds raised by reputable managers. Evergreen funds have lowered the threshold to invest. In this context, what is the future of funds of funds? Should they become flexible and offer options (beyond the "Model T of private equity"?)? Should they become a low-cost entry point to the asset class through large ELTIF evergreen products?
Private markets have a knack for reinventing themselves. As they gather an ever-increasingly large amount of assets under management, there is a risk of banalisation. How is the industry addressing it? What are the main trends underpinning future growth? How is this industry changing?
Concluding remarks to summarise key takeaways.
Opening remarks to set the scene on private debt’s evolution.
Panel Session
Some of the largest leveraged buyouts (LBOs) in the last two years have been financed by private credit. For those lending to large-cap global businesses, speed to market is vital in completing deals when billions of dollars are at stake. Some of the industry’s mega funds are pushing direct lending activity further into the broadly syndicated loan space - the long-held preserve of global banks - such is the size of the loans being underwritten. As direct lending deals grow bigger, and GPs respond ever faster to demand by underwriting entire loans (unitranche loans), how is this likely to shape the future of corporate lending? As banks arrange syndicated loans, will they look to develop more hybrid structures with credit managers to share the risks, or will they follow JP Morgan and raise the competitive stakes?
Panel Session
An estimated 70 percent of the $341 billion in U.S. private credit dry powder is dedicated to sponsor-backed deals. This is fast becoming a crowded market, such is the popularity of direct lending. Yet those with the patience, specialisation and expertise to seek out non-sponsored opportunities are finding that the landscape is still as rich and fertile as ever. The barriers to entry are higher for those looking to underwrite loans, with far greater emphasis on credit analysis and due diligence yet at the same time, the non-sponsored space offers potentially higher risk-adjusted returns. Loans to non-sponsored borrowers are generally priced wider due to market illiquidity. At the same time, companies tend to be less leveraged, potentially reducing credit risk. This enables lenders to lock in potentially higher yields than the more competitively priced PE-sponsored market. As more firms choose to expand their strategies in a bid to move away from the maddening crowd, what do critical success factors look like when backing sponsor-less management teams?
Panel Session
In an increasingly competitive market, lenders in Europe’s lower middle market must sharpen their sourcing strategies and deal structuring techniques to secure the best opportunities and stand out to borrowers. Unlike the upper market, where scale and brand recognition often drive deal flow, lower middle market lenders must rely on a combination of deep market intelligence, strong local networks, and creative structuring to originate and execute high-quality transactions. Success in this space is less about waiting for deals to come to you and more about tracking the right borrowers, understanding their needs, and moving swiftly when the right opportunity arises. Just like a skilled hunter, lenders must stay agile, anticipate shifts in the landscape, and use the right tools—whether proprietary data, sponsor relationships, or bespoke financing solutions—to capture the best deals before the competition does.
Panel Session
With Europe’s net-zero transition requiring an estimated €29 trillion ($32 trillion) in cumulative investment by 2050, and annual funding needs rising from €680 billion to €1.04 trillion, private markets—particularly private credit—have a critical role to play. As banks pull back from riskier lending, private credit managers are stepping in to finance companies on their energy transition journeys, leveraging flexible capital to drive sustainable outcomes. Innovative mechanisms like ESG margin ratchets, which link borrowing costs to specific sustainability performance criteria, are already in play—but what’s next? Beyond pricing incentives, how are private credit managers integrating ESG into underwriting, due diligence, and portfolio management? And as regulatory frameworks evolve, will ESG considerations become a fundamental pillar of private credit investing or remain a secondary feature in deal structuring?
Concluding remarks to summarise key takeaways from the morning sessions.
How is the market evolving for more flexible credit solutions.
Panel Session
In an ever-expanding universe, one challenge for LPs is taking a holistic view on private debt portfolio construction. How do LPs capitalise on opportunities that don’t quite fit the mould?
Panel Session
Tactical opportunities funds, the credit strategy that seeks to capitalise on underserved or complex areas of the corporate market, are on the rise. With the flexibility to underwrite across the capital structure, what does this look like from an origination, underwriting and returns perspective?
Panel Session
Distressed investing has come a long way since the Global Financial Crisis. Back then, widespread market dislocation and liquidity constraints presented a rich opportunity set. Nowadays, deeper private credit markets can provide funding solutions to companies with complex credit profiles before they become stressed.
Concluding remarks to summarise key takeaways from the opportunistic credit sessions.
Opening remarks to set the scene on structured credit and specialty finance.
Panel Session
As direct lending matures, investors are branching out into niche strategies such as asset-based lending, litigation finance, Net Asset Value (NAV) lending, and royalty financing. This trend is creating opportunities for new managers to differentiate themselves in the market. The outlook for ABF is promising, with the market expected to grow from $5.2 trillion to $7.7 trillion by 2027. The pullback of traditional lenders in response to regulation and the outbreak of volatility in the banking system are all likely to increase the need for private ABF so how are firms tapping in to this growing trend?
Panel Session
What is the impact of rising default rates in the US on the CLO and ABS markets?
Concluding remarks to summarise key takeaways from the asset-based finance sessions.
For the industry to reach maturity, it must go down it’s own path of transformation. In this summit, we explore three key areas - AI, specialisation and talent.
Panel Session
The last two years have seen an explosion in generative AI as hyperscalers and AI-native companies like OpenAI push the innovation envelope. Yet whilst AI is increasingly promoted by firms as a value creation lever, adoption within the industry itself remains lacklustre.
Panel Session
Investment committees are at the heart of every PE deal. Yet they can slow down decision making, perpetuate groupthink and act too conservatively. Is it time they were reimagined? One lever is increased representation, where progress is slower in investment roles than middle and back office.
Panel Session
The trend of hyper-specialisation in private equity is gaining momentum in 2025, with firms increasingly focusing on niche markets and specific sectors to gain a competitive edge. Specialised firms have demonstrated superior performance, with data showing niche funds delivered average IRRs of 38% compared to 18% for broadly diversified funds between 2011 and 2021. Is this a sign of private equity’s growing maturity and if so, what unique characteristics should investors be aware of when looking to add hyper-specialised funds in their PE portfolios?
Panel Session
The Asia-Pacific region is becoming an engine of innovation, capital formation, and outbound investment, and its influence on global private markets is accelerating. From China’s pivotal role as both a hub of technological innovation and a growing source of capital and strategic investors expanding into Europe, to India’s emergence as a magnet for growth equity and digital disruption, to Australia’s stable LP ecosystem and regional gateway status, the region is not just attracting global attention but actively transforming deal dynamics.
Panel Session
Japan has witnessed a remarkable surge in private equity activity, with significant inbound investments from global PE funds driving corporate restructuring and value creation. This trend signals a fundamental shift in Japan's traditionally conservative corporate culture toward greater focus on shareholder returns and operational efficiency.
Panel Session
Southeast Asia has emerged as a new focal point for private equity investments, powered by growing economies with young demographics and rapidly evolving technological ecosystems. Countries like Vietnam, Indonesia, and Singapore offer fertile ground for PE firms seeking growth opportunities in digital transformation, consumer markets, and infrastructure development.
Setting the scene on market activity and key transactions.
Panel Session
This looks likely to be a fair description of the long-term forecast for the secondaries market, which continues to mature at pace. In 2024, the market generated an unprecedented $152 billion in closed deals, making it the busiest year on record. This level - characterised by stable conditions - has the potential to stretch even further, as specialised strategies emerge in private credit, real estate, and infrastructure secondaries. This diversification, combined with innovative transaction structures like 'mosaic' deals that allow multiple buyers to acquire specific portfolio segments, has added further depth to the marketplace.
Panel Session
Elevated pricing and an overall increase in deal quality are proving to be favourable for GP-led transactions. With firms choosing to hold on to trophy assets for longer, it has created a wrinkle in the exit landscape. However, there is a growing acceptance that, provided the GP can demonstrate legitimate further value creation, continuation vehicles can be attractive to investors who choose to roll in from the legacy fund. Single-asset transactions are particularly popular for this reason, in high growth sectors such as technology and healthcare. According to Lazard, these transactions generated $72 billion in 2024. Is this a story that has plenty of chapters still to be written? And if so, what might these chapters reveal?
Panel Session
Protecting investors’ interests is paramount when seeking to establish a continuation fund. These are complex deals, even though they may only have a single asset, and plenty fail to complete. As GP-led transactions evolve, it is becoming more important than ever for GPs to navigate conflicts of interest inherently associated with being both buyer and seller. Early engagement with the LPAC for informal approval prior to initiating a sale process is vital before the GP begins receiving bids. But what other key aspects to managing potential conflicts should GPs be aware of, to avoid falling foul of LPs and regulators alike?
Panel Session
So-called “evergreen” vehicles have rapidly gained the attention of institutional LPs, whose appeal for semi-liquid structures may easily be equivalent to that of the private wealth investors they were designed for. However, liquidity remains a challenge, from a distribution and valuation perspective.
Panel Session
Setting the scene on market activity and key transactions.
Panel Session
Impact managers frequently cite the challenges to scale their platform to capitalise on the opportunity. What options exist in the market to help them do just that?
Panel Session
Investors have wrestled with how to evaluate the impact opportunity. The mission may be clear, but the complexity arising from interconnected challenges can be a major headwind to fundraising. Enter Trump, whose introduction of tariffs has repriced risk, especially around supply chains. The ripple effect of onshoring, reshoring and localised production are back in vogue as a means to mitigate the fallout. Has Trump kickstarted a golden era for the circular economy?
4 x 10min presentations + 5mins Q&A that showcase a selection of impact investment theses’, such as:
Discover a summary of Wednesday at IPEM Paris 2024 with the Photo Gallery (relive our events: Comms & Marketing Lunch, Wrap Party), the TV Studio Interviews, and the Video Highlights!
