The session will provide LP participants with the unrivalled opportunity to hear first-hand about private markets investing across multiple geographies. Attendance is limited to investors with active alternatives programs as well as to those currently not allocating but who wish to find out more about the industry. The session will feature presentations by senior industry professionals, followed by a moderated roundtable discussion on topics of interest to the LP community, including the following:

• The impact of macro uncertainty on Asia allocation 
• Strategies and geographies that offer best potential opportunities in the region 
• The case for China Vs Non-China pocket
• Difficult fundraising environment and whether it means better terms for LPs
• Advantages and disadvantages of GP asset class expansion strategies 
• Evaluating the liquidity solutions in the region
• Developing and retaining skilled investment managers

Global LPs acknowledge Asia as a diverse and complex investment destination, historically allocating through a significant market imbalance. With global dislocation and an increased demand for geographic diversification, Asian private markets days as a high-risk, high-reward destination seems to be over but they expertise present in the market and macro fundamentals can still be compelling. Our panel of leading investors discuss whether they see the region as a diversification or a growth play and what the future might look like in the region. 

• What makes Asia compelling for investors amid global dislocation?
• Does the increased penetration of control deals make the region more appealing?
• Where are fund managers spending most of their time – deal sourcing or value creation?
• How are private markets in Asia evolving and what will it look like in 5 years?

Succession planning within Asian GPs have not yet come to the fore as most fund managers in the region don’t have the same longevity as their US/European peers. As the more established managers prepare for the upcoming generational change, it would be telling how they handle the transition, manage their talent, and how they grow their firms to allay any LP concerns on key person risk. Seasoned GPs provide insights into the business side of fund management.

• How do fund managers differentiate themselves and what is their operating playbook?
• How are GPs managing and retaining talent?
• What are the different strategies for emerging markets Vs developed markets?
• How do Asian fund managers take the next step to institutionalization? 

Although fundraising and liquidity challenges persist, the investment potential in Southeast Asia remain strong. Increased reforms, favourable demographics, digitalisation and stronger cross-border cooperation should offer better opportunities for private equity in sourcing deals, whether through working with the family businesses or through regional expansion strategies. GPs and LPs investing in the region make their case for this market. 

• What are some of the misconceptions about alpha and risk?
• Are GPs adjusted their strategies in Southeast Asia to move with the market? 
• Does Southeast Asia geopolitical neutrality offer an advantage in the current climate? 
• How are GPs sourcing deals and are more control deals on the way? 
• How do GPs forge partnerships with conglomerates? 

For global LPs operating in the current macro environment, understanding Asia’s diverse and distinctive venture capital ecosystem can help them minimise risk and find pockets of opportunities across certain sectors and geographies. GPs must play their part and demonstrate their differentiation and track record whilst offering routes to liquidity. Experienced venture investors share their views on delivering value despite industry headwinds.

• How are VCs navigating the difficult fundraising environment? 
• What is the outlook for distributions from Asia over the next 12 months?
• How GPs adapting their strategies across multiple funds?
• Where are the opportunities for venture capital deals in the region?

India continues to be a bright spot for private markets in the region, driven by strong secular tailwinds, favourable demographics and booming public markets. As allocation to this compelling market increases, so does the valuations, thus finding the right risk reward opportunity and ensuring a strong execution is easier said than done. Leading investors disucss the opportunity set in India and how to navigate this nuanced but highly attractive market. 

• Is the Indian market overvalued? How is India playing out in a high valuation environment?
• How do LPs view the market and what are their expectations on returns?
• Are LPs open to allocating to smaller, new GPs with a compelling story to capture growth at the ground level? 
• How comparable are the returns for mid-market Vs large cap? 
• How is the secondary market developing?

Although private markets investing in China has faced strong headwinds, it remains a core market for long-term investors. Given the scale of regulatory reforms, technological advancement and shift to consumption driven economy, the potential cannot be ignored. Significant correction in valuations does not hurt either as our panel of investors share their view on why now the time is to double up on this market.

• Is the market too big to ignore?
• Where is the market heading? Revival? Growth rates?
• How attractive are the valuations and is now the time to buy?
• Where are the pockets of opportunities for investors with an appetite for risk?

Entrepreneurs across the region are increasingly choosing credit rather than diluting their stake through equity sale amid valuation gaps. Coupled with expansion of GP strategies and lack of financing options for businesses have given rise of private credit platforms. This is especially useful in some parts of Asia that cannot be easily accessed by private equity or banking finance. Private credit specialists from across the region discuss the opportunity set and key drivers for growth.

• What are the key drivers for performing credit in Asia? 
• What are the LP views on the expansion of GP credit strategies - are they more likely to allocate to private credit as they get more sophisticated?
• How are LPs preforming due diligence for a credit allocation?
• Are Semi liquid products coming to Asia?

With an uncertain exit environment and LPs pushing for returns, GPs are becoming more creative in finding liquidity solutions. Although trade sales remain the favourite route, secondary sales, continuation funds and NAV financing offer alternative paths to liquidity. How LPs view these alternative solutions can depend on the circumstances as industry leaders give their take on choosing the right solution for the right situation. 

• What kind of recovery do we expect in the exit market in 2025?
• What channels for exits are GPs exploring?
• Are secondaries becoming a necessary tool for liquidity?
• Continuation vehicles, how do you generate DPI?
• What are the LP views on CVs/Secondaries?

The number of family offices and private wealth platforms in the region is flourishing, providing alternative source of capital for fund managers. Accessing this investor base requires a refined approach as their profile can differ in terms of risk appetite, sophistication, and economic goals. Our panel of wealth managers and family offices provide insights into investment selection and long-term implication for the industry.

•       Are semi-liquid products the best way to reach the mass affluent?
•       Which sectors and strategies get the most traction with these investors?
•       Is customisation on capital calls and reporting realistic for blind pool funds?
•       In which areas are wealth platforms looking beyond evergreen products?

Some global LPs are cutting their private markets exposure in Asia amid economic uncertainty, higher risk levels and underperformance of emerging markets. However, investors that are attracted to the long-term potential of the region are sticking with proven managers and could benefit in the long run. Our panel of seasoned investors share their rationale for investing in Asia and explain where they are putting their money and why.

• How are LPs think about allocating to Asia Vs US? Where are they allocating?
• How are LPs making the case internally for Asia? 
• How do they select managers and what is their view on valuations and returns?
• Have multi-geos firms retreated from Asia? Where does the allocations go as the pie has shrunk?  
• How do LPs view the readjustment strategies by some fund managers?