LPs are increasingly prioritising liquidity, distributions, and disciplined capital allocation amid a more selective and constrained fundraising environment. The discussion will explore the growing shift towards co-investments, secondaries, independent sponsors, and direct deals, as investors seek greater transparency, alignment, control, and fee efficiency. Institutional capital is becoming increasingly concentrated among top-performing managers, with heightened scrutiny on track record, governance, value creation, and risk management. At the same time, real assets, infrastructure, energy transition, and GCC markets are attracting significant investor interest as LPs pursue resilient, long-term yield opportunities and portfolio diversification. Against a backdrop of evolving geopolitical dynamics and shifting global capital flows, direct engagement between investors, fund managers, and strategic partners has become more important than ever.
Alex Seddon – Head of Impact & Private Equity M&G Investments