SuperReturn Secondaries North America 2026

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• What is driving a "new normal" in secondary pricing and execution? Analyzing the strategic responses to mounting liquidity pressures, the impact of recent trade policy shifts, and the long-term implications of the massive secondary dry powder overhang. Exploring asset class bifurcation, capital specialization and geopolitical risks and their effect on the market.

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• Discussing the evolving challenges of maintaining target allocations in a volatile macro environment. Where do LPs see arising opportunities and which strategies do they prefer? Examining how institutional investors are leveraging secondary markets and structured liquidity solutions to optimize cash flows without sacrificing long-term returns.

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• Analyzing the impact of new market entrants raising dedicated GP-led capital and the rise of "retail-adjacent" evergreen vehicles. How can GPs maintain fairness, transparency, and trust while meeting LP liquidity needs? What strategies balance short-term liquidity with long-term investor alignment and growth? What are the new trends, risks, and challenges, and how can GPs and LPs handle them?

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• Exploring mispriced opportunities where traditional exits have stalled. Comparing proactive, proprietary deal-flow against reactive auction participation. Navigating minority recaps and creative change-of-control dynamics as alternatives to full buyouts. Exploring secondary direct investing beyond the unicorns.

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• How are GPs and LPs adapting to longer-than-planned hold periods and mixed investment performance? What are LP perspectives on expectations vs reality and how is this influencing their allocation strategy?

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• What has been driving the increase in LP-led secondaries transactions? Are we seeing a structural evolution where LPs now view secondaries as a permanent tool for active portfolio rebalancing? Pro-tips on navigating the 'higher-for-longer' interest rate environment. With forecasts suggesting further surge in total secondary volumes, where will the necessary buyer capital come from?

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• PRE-REGISTRATION REQUIRED
• To register, please contact Svetlana.fathers@informa.com

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• How does the mix of LP led versus GP led deals differ between the US, Europe and Asia, and what structural or cultural factors most explain those differences? Where are the biggest regional divergences in pricing and required returns? Which regulatory, legal and tax considerations most materially affect deal structuring and timelines in each region?

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• INVITE ONLY
• Establishing rigorous frameworks for manager selection by decoding GP track records, optimizing operational due diligence, and contrasting the agility of emerging managers against the stability of established platforms.
• 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

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• Debating whether evergreen funds represent the permanent evolution of private equity liquidity or a ticking regulatory time bomb.

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• 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.

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• 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.

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• How can GPs and LPs harness AI to enhance origination, compress transaction timelines, and enhance valuation accuracy? How is AI transforming due diligence and portfolio monitoring?

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• Exploring the unique role of emerging managers as "alpha generators" who provide liquidity to the lower-mid market and complex "non-trophy" assets that larger funds often overlook. What are some of the key structural challenges of launching a secondary platform in 2026, from navigating an average fundraising cycle to meeting heightened LP demands?

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• 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

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• 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

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• Sharing best practices for RIAs using secondaries to give retail clients immediate, diversified exposure to mature buyout and credit portfolios. Navigating the 2026 "process-based safe harbors" while using open-ended and semi-liquid vehicles as essential bridges for wealth managers. How to best overcome operational complexities while delivering the high-touch transparency required by sophisticated wealth platforms.

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• Evaluating semi-liquid evergreen vehicles, SMAs, and flexible structures that capture institutional and wealth management capital. Defining how GPs can leverage sector expertise and operational alpha to stand out in competitive fundraising. Analyzing the latest shifts in management fees, tiered carry structures, and heightened GP commitment expectations.

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• 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.

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• 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.

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• 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.

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• 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

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• 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.