Agenda

• Expanding into New Asset Classes: Which assets classes are we moving to and where is momentum building? 

• Structural Innovation: Exploring which new models are gaining traction through greater loan standardisation 

• Convergence with Public Markets: The line between private and syndicated markets is blurring, driving demand for enhanced transparency and liquidity 

• Global Growth Opportunities: Which regions are opening new pathways for diversification and strategic deployment?

Explore the rise of permanent capital vehicles and hybrid interval funds in private credit. Discussing how these structures offer flexibility, long-term alignment, and recurring capital deployment opportunities, while addressing liquidity management, regulatory considerations, and the growing appeal among both institutional and retail investors. 

• Valuation in Volatile Markets: How are firms approaching valuations amid rising rates, borrower stress, and complex deal structures
• Governance & LP Expectations: Discuss the role of valuation committees, third-party agents, and growing institutional demand for transparency
• Timing & Communication: Review best practices around valuation frequency and how to manage investor expectations during periods of volatility
• Tech & Regulation: How are firms using technology to enhance valuation processes and prepare for increased regulatory oversight 

• Shifting LP Dynamics: Examine how market conditions, the denominator effect, and evolving allocation strategies are reshaping LP behaviour 

• Structuring & Storytelling: Explore how managers are tailoring fund structures and messaging to resonate with different investor types and regions 

• Technology & Access: Discuss emerging fundraising channels, including tech platforms, and the impact of SEC marketing rules on global investor outreach 

• Standing Out in a Crowded Market: Tackle the challenges of ODD, consultant engagement, and competing with large platforms to stay visible and win allocations

Explore how leading firms are evolving from using AI for simple sourcing to building proprietary models that codify firm knowledge. Unpack how technology is compressing diligence timelines, sharpening insights through data fusion, and paving the way for firms to develop their own AI-driven investment analysts. 

• GP and LP Perspectives on Responsible Investing Today: Explore how both sides of the capital stack are evolving their approaches—programmes, terminology, and expectations—in response to shifting priorities
• The Regulatory Ripple Effect: Assess how developments in Europe and new U.S. regulations (including California’s climate laws) are influencing strategy and reporting requirements
• Sustainability Data & Due Diligence: Examine how firms are ensuring responsible investment decisions, tracking impact, and building business resilience
• Looking to 2026: Discuss the future of responsible investing, including trends in disclosure, rebranding, and the potential rise of litigation or enforcement 

Operating Partners Only Workshop: The Modern Operating Playbook - Building for a Digital Future 

• Digital Readiness as a Competitive Edge: Discuss how operating partners are embedding digital-first thinking into leadership teams and operational playbooks
• Foundations Before Tools: Examine how data quality, process discipline, and governance are being prioritised to unlock future tech-driven gains
• Leading Organisational Change: Share strategies for navigating the cultural and behavioural shifts required for AI adoption across the portfolio
• Talent for the Next Wave: Explore how firms are building digital and analytics capabilities — in-house and externally — to future-proof execution 

• Real Estate Credit Rebounds: Explore renewed interest in residential and commercial real estate lending amid market dislocation and repricing opportunities 

• Infrastructure Debt Momentum: Assess the surge in private infrastructure credit, driven by energy transition, digital infrastructure, and public funding gaps 

• Product Innovation & LP Demand: Discuss how managers are launching asset-specific vehicles to meet LP appetite for diversification and inflation hedged returns 

• Navigating Market Complexity: Examine the structuring, risk, and operational challenges of managing credit strategies across asset classes in today’s rate and regulatory environment. 

How is direct lending is scaling? With larger deal sizes, increased competition, and institutional demand on the rise, how can managers grow platforms while maintaining underwriting discipline, sourcing quality deals, and managing risk in a more complex, competitive environment.

Workshop A: Beyond the Sponsor - Unlocking Value in Non-Sponsored Lending 

• The Rise of Non-Sponsored Lending: Explore the growing appeal of lending directly to founder-owned and non-PE-backed businesses.
• Sourcing & Origination: Discuss how managers are building origination pipelines, leveraging networks, and identifying quality borrowers in a fragmented market.
• Enhanced Due Diligence: Examine how underwriting processes differ in non-sponsored deals, including financial transparency, governance, and documentation challenges.
• Risk, Returns & Relationship Building: Assess how lenders are managing credit risk and structuring terms to balance yield with borrower alignment. 

Speakers:

• Nick Platt, Jr., CPP, CCO & Co-Founder at Kudu Investment Management
• Sweta Chanda, Managing Director, Head of Business Strategy at Monroe Capital

Workshop B: Liquidity on Demand - The Rise of Credit Secondaries 

• Growth of Credit Secondaries: Explore how rising demand for liquidity is fueling activity in LP stake sales, loan portfolios, and continuation vehicles.
• Pricing & Valuation Trends: Discuss the challenges around pricing illiquid credit assets in a volatile rate environment.
• Buyer Landscape & Strategy: Examine who’s deploying capital into credit secondaries and how strategies differ across the market.
• Execution & Transparency: Assess operational hurdles, data limitations, and what’s needed to scale credit secondaries with confidence. 

Speakers:

• Mary Jurgensen, Managing Director, Credit Secondaries at Ares Management
• Krishna Skandakumar, Partner, Debevoise & Plimpton LLP

Workshop C: Managing the Downside - Navigating Risk in Private Credit 

• Managing Credit Risk in Today’s Market: Explore how managers are responding to rising defaults, refinancing challenges, and borrower stress.
• Structuring for Downside Protection: Discuss covenant design, collateral requirements, and creative structuring to mitigate risk.
• Portfolio Diversification Tactics: Examine how sector, borrower, and geographic diversification are being used to spread risk.
• Monitoring & Stress Testing: Assess the role of real-time data, scenario analysis, and technology in proactively managing portfolio risk. 

Speakers:

• Derek Leo, General Counsel and Chief Compliance Officer at Blue Torch Capital
• Marco Prono, Managing Director, Co-Head Direct Lending at, J. P. Morgan

Workshop A: Defensive by Design - Downside Protection in a Changing Risk & Regulatory Landscape 

• Downside Protection in a Shifting Market: Explore how PE firms are adjusting strategies to mitigate downside risk amid economic uncertainty and valuation pressures.
• Navigating Regulatory Risk: Discuss how evolving SEC regulations and global compliance requirements are reshaping risk frameworks and operational priorities.
• Operational Safeguards: Examine how firms are enhancing internal processes, governance, and oversight to protect against regulatory and reputational risks.
• Protecting LP Value: Assess how managers are using covenants, portfolio diversification, and proactive monitoring to safeguard returns and maintain investor confidence.

Speaker: 

• David Ruff, Partner, Orrick
• Spencer Cohen, Partner, Orrick
   

Workshop B: The Next Era of Value Creation for Operating Partners - AI, Ops, and the Digital Shift 

• The Role of AI in Value Creation: Explore how operating partners are integrating AI into portfolio company transformation plans to drive efficiency and growth.
• Leading the Digital Shift: Discuss how AI is accelerating digital transformation and reshaping traditional operational improvement strategies.
• The AI Roadmap: Examine what the AI adoption journey looks like today and how it will evolve over the next 3–5 years.
• Future-Forward Thinking: Look ahead to how AI could redefine the role of operating partners and influence value creation across the private equity lifecycle.

Speaker: 

• Josh Clark, Director of Product Design, Affinity
• Grégoire Leleu, Operating Partner, Revaia
   

Workshop C: From Back Office to Boardroom - Driving Strategy, Scale, and Operational Excellence

• The Evolving Role of the COO: Explore how operational leaders are shaping fund strategy, scalability, and investor servicing in today’s complex environment.
• Building the Right Ops Team: Discuss how firms are hiring and structuring internal teams to manage fund operations effectively across geographies and strategies.
• Operational Infrastructure in Action: Examine how top-performing firms build and maintain systems for reporting, risk management, and regulatory readiness.
• From Back Office to Business Driver: Highlight how operational excellence is becoming a competitive advantage across private equity platforms. 

Speakers:  

• Susan Scutt, Managing Director, PE Portfolio Optimization at Partners Group
• Rebecca Granne, Senior Director at Advent International
• John Spiridis, Senior Vice President of Enterprise Growth & Services at Vector 
   

Workshop D: Collaborating on Co-Investments 

• LP Demand for Co-Investments: Explore why institutional investors are increasing allocations to co-investments and what they expect in return.
• Access, Selection & Speed: Discuss how GPs are balancing deal access, decision timelines, and alignment when offering co-investment opportunities.
• Structuring & Governance Trends: Examine evolving approaches to fees, control rights, and reporting in co-investment structures.
• Market Outlook: Assess how co-investments are being used strategically in today’s market—whether to boost exposure, manage fees, or mitigate risk. 

Speaker: 

• Anatoli Gavrilov, Managing Director, Flexstone Partners
• Richard Talley, Managing Director at UMB Fund Services

Explore the evolving state of secondaries in private equity, from LP-led sales to GP-led continuation vehicles and discuss pricing dynamics, liquidity pressures, and how secondaries are reshaping fund structures, investor behaviour, and exit strategies in a maturing and increasingly competitive market. 

• Building for Scale: Explore how firms are upgrading operational infrastructure to support growth, cross-border expansion, and new fund strategies
• Smart Outsourcing: Discuss how managers are leveraging outsourced solutions for fund admin, compliance, and reporting—while maintaining oversight and control
• Driving Efficiency Through Technology: Highlight howautomation, data integration, and real-time dashboards are improving accuracy, transparency, and investor servicing.
• Building Resilient Operations: Examine how third-partypartners are helping firms meet evolving regulatoryrequirements, streamline audits, and adapt to increasing LP expectations.