Embrace change for a sustainable future by joining us on the IPEM Express, a game-changing initiative by IPEM. As climate change challenges us all, we believe in taking action. That’s why we’ve partnered with WEASTEM to launch our IPEM Going Green strategy. We’re committed to reducing our carbon footprint and fostering an eco-conscious private capital industry. The IPEM Express is your chance to be part of this impactful movement. Here’s why you should book your seat now: we’ve chartered a dedicated train from Paris to Cannes, making your journey not only efficient but also environmentally friendly. It’s more than a trip; it’s a networking opportunity to connect with industry leaders and forge meaningful connections. Let’s come together to make a difference. Travel, network, and reduce your carbon footprint with the IPEM Express. Be part of the change! Book your seat here: https://www.billetweb.fr/ipem-express-booking-wealth-2026

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Go to the main entrance, and show your printed Pass to be scanned and receive your Wristband. Wear it throughout the event to access every IPEM venue.

Open to all

By invitation only

By invitation only

Europe has the financial resources it needs to accelerate its future, just not in the right places. Too much is held in savings; more must be invested. Today’s capital markets are also changing complexion, with a growing share of funding now coming from private sources. Accelerating economic growth and wealth creation means broadening access to private markets. It doesn’t come without risk. How is BlackRock positioning itself to meet the demands of the future? In this opening keynote, we explore how the industry must move forward together - combining innovation, education and transparency to realise benefits for companies, institutions and wealth investors alike.

Evergreens, liquidity and technology are transforming the industry The industry has evolved from feeder funds, to distribution platforms to mass adoption of evergreen structures which enable mutualisation of private markets.

Trends to watch in 2026.

Private markets are no longer reserved for institutions and ultra-high-net-worth investors. Structural innovation, regulatory change, and platformization are reshaping how private assets are distributed, accessed, and integrated into wealth portfolios. This panel explores how private equity, private credit, infrastructure and real assets are moving **from exclusivity to scalability**—and what this shift means for wealth managers, private banks, and their clients. Experts will discuss new product formats, liquidity solutions, portfolio construction challenges, and the operational hurdles of bringing private markets into a wealth context.

Many fintechs, themselves VC-backed, are starting to make headway by providing access into private markets. These firms are at the forefront of innovation, using venture secondaries or blockchain, to deliver these approaches. Do these firms hold the keys to the future of mass participation? How do these firms manage the regulatory and liquidity risks?

What do GPs need to look for in distribution partners and how should they find their perfect match? Weighing up global distribution versus local presence. Considerations for alignment of incentives and fee structures - longevity of offering big discounts or periods of exclusivity to get funds onto platforms. How many distributors do you need? Can the price of exclusivity make sense?

The role of the operating team is changing. Teams are becoming larger and are involved earlier in the deal process. They’re also more specialised, with dedicated team members focussing on competencies like AI, digital, go-to-market and sustainability. How has the value creation game changed and which firms are positioned for success?

The playbook for early-stage investing is being rewritten. In spite of 40% of seed-backed companies hitting the wall, the mantra that a few big wins will deliver outsized returns has rung true. It’s not gone unnoticed by multistage firms, whose entry into earlier stages is making the landscape more competitive than ever. - How are specialist early-stage VC firms adapting? - What’s the playbook for the next vintage? - What are the pros and cons of investing with a “one-stop shop” multistage VC?

The hard part isn’t identifying AI ideas; it’s sequencing decisions that protect earnings and create value fast. This session presents Singulier's AI due diligence framework which demonstrates how to diagnose exposure across the value chain, run an internal readiness reality check, and produce a prioritised roadmap tied to a macro business case. The takeaway is a decision-oriented playbook: what to defend, where to invest, and how to align execution to the first 100 days.

Libbi Ross - Global Communications Manager, 100 Women in Finance Joanna Pecenik - Partner, Herbert Smith Freehills Paris LLP Sarah Gannon - Co-Founder, Altius Advisors-Capital Markets Advisory

How do wealth investors crack the diversification code? This interactive session will explore how to construct a diversified private multi-asset portfolio tailored to individual wealth goals and circumstances. The session will consider how strategic allocation, combined with thoughtful diversification principles, can help protect and grow personal wealth while maintaining the liquidity access that high-net-worth investors require.

What will separate the winners as evergreens enter their next phase of growth? This fireside chat offers a candid view from the front line; how one of the market’s broadest evergreen shelves was built, what has resonated with different client segments and how these vehicles are being integrated into discretionary mandates. It will also look to the future, exploring dispersion of returns, capacity constraints, manager selection, and the risks of “evergreen everywhere.”

It’s been another tepid year for IPOs. Market volatility has put exit plans on hold, and this new reality looks unlikely to change any time soon. As companies stay private for longer, this should be a rising tide for private markets — but it is also recalibrating the fundamentals of VC investing. The average hold period for $500m IPO exits is now 11.5 years, according to PitchBook, deepening the J-curve and testing patience on both sides of the table. At the same time, public markets have a habit of undervaluing VC-backed companies at listing relative to their last private rounds. Against this backdrop, the secondary market is moving from a niche solution to a core part of the liquidity toolkit, offering partial exits, portfolio rebalancing and price discovery earlier in the lifecycle. Is it time to rethink what liquidity looks like in private markets — and how private wealth can access it?

The notion that financial returns and positive impact stand in tension remains widespread, yet investment and operating teams across VC, growth, and buyout increasingly demonstrate the opposite. As megatrends such as healthcare innovation and decarbonization reshape markets, they unlock sustainable business models that inherently deliver societal and environmental benefits while driving strong economic performance. This dynamic is pulling ROI-driven and impact-focused investors into the same opportunity set, accelerating capital flows into solutions with measurable outcomes. The panel will explore the value-creation frameworks behind this shift and examine how traditional investment strategies and impact theses are blending into a unified approach to long-term value.

**Access exclusive insights from the annual Pan-European Private Equity Survey.** Since 2018, IPEM has organized this survey with the support of 14 national private equity associations. It captures the sentiment of European GPs for the year ahead, highlighting key risks, opportunities, and trends in investment and fundraising, with a special focus on "*The Wealth Revolution*" in 2026.

It’s an investment theme that’s dominating across all venture stages, according to data from Carta, with 60% of all Series D funding going into AI startups. Are things now getting a little heated? It’s one area where the gap has become a focal point for European policy action, along with other sovereignty-related issues. What’s the investment landscape looking like?

Implementing agentic AI faces several core challenges. What has been the experiences in a PE context? This session will share practical examples from across the portfolio, such as system design, balancing autonomy with human input and error handling. How are the panel setting expectations for what these agentic tools can achieve, now and in the future?

2025 was a year of adjustment for the global economy. What will define 2026? Private markets investors are navigating the implications of more protectionist global markets, a possible AI bubble and another disappointing year for IPOs. This conversation with major private equity, private debt and infrastructure investors sets the tone for what to expect in the year ahead.

By invitation only

By Invitation Only

In this live podcast recording, we explore the origins of the evergreen fund, the journey so far and where the solution goes next.

An overview of the market in Europe today and how it’s developing. Who are the main players? Does the opportunity set skew towards certain sectors, markets or deal sizes? What is the typical investor base?

Trends to watch in 2026.

Aligning values, impact and assets is no longer a side conversation for family offices, but a strategic and generational question. This session explores how families and entrepreneurs are rethinking the way capital is deployed to support innovation, resilience and long-term relevance. Through concrete experiences, we open a dialogue on new forms of partnership between capital, territories and impact.

Listed infrastructure has been proven to add reliable, long-term income and capital generation to wealth portfolios. As Europe positions itself to ride the next wave of infrastructure investment, evergreen funds provide a fantastic access route to non-listed infrastructure assets. This panel will examine how the risk-return profile differs when adding this asset class to traditional investment portfolios and why the quality of deal flow matters when advisors select which funds to distribute to their HNW clients. What is the advantage of evergreens that invest directly on a pro rata basis alongside the GP’s flagship, compared to those reliant on primary and secondary investments – can this lead to differences in annualised performance?

Nicolas FEIT - Directeur Général Société Générale Private Banking Monaco Fiona Kenyon - Alternative Investments Specialist at JULIUS BAER Olivier DAUMAN (CFM Indosuez) - Executive Director - Global Head of Investor Relations Private Markets Antonio MAZZARELLA - CIO MIRAZUR Capital Monaco Gunter Waldner - Head of Private Equity Tyrus Capital S.A.M.

This session will outline the main fee structures for independent sponsor deals, before a panel give their reactions to how, when and why certain terms make sense.

Look at any industry forecast and wealth is listed as a major growth driver - so what does the road ahead look like? And is the growth evenly spread across the globe? In this panel, we get an insight from those leading capital formation at major alternatives specialists. We’ll ask them how this big trend is playing out in different regions. Where are they seeing opportunities? What’s their take on 401k updates? How do you tackle a fragmented European market? What’s the right strategy for Asia?

You’ve heard the theory, now here’s what it’s like in practice. We take a look inside how a typical deal process runs; from origination, financing and capital calls to post-deal value creation. A panel of sponsors share their practical experiences and war stories.

The AI revolution is running headlong into a physical-world bottleneck: power. As the energy demands of data centres and AI workloads skyrocket, Europe's grid is straining to keep up, creating a critical challenge for the continent's technological ambitions. For private market investors, the convergence of digital infrastructure and power generation has become a defining opportunity, with cumulative investment projected to reach EUR2.5 trillion by 2030.

Presentation: Analyzing and Benchmarking Evergreen Funds - Growth of Private Markets and Rise of Evergreen Funds - Across structures and asset classes - Challenges in Understanding Fund Strategies and Performance - Portfolio mix, liquidity profiles - Limitations with existing benchmarking tools - Highlights from new index solution: Morningstar PitchBook Evergreen Fund Indexes - Strategy-level, aggregate performance comparisons - Dispersion in returns - Limitations and Other Nuances the Market Needs to Solve - Desmoothing returns, understanding NAVs vs. market pricing - Portfolio holdings and drivers of performance Panel: Are Evergreen Funds Delivering for Investors? - How do private markets fit into portfolios? - How do evergreen funds provide a solution and/or a problem? - How should investors think about diligencing potential evergreen products, their track records, and whether or not they will deliver for investors?

Wealth. It means different things to different firms. Some offer advisory and discretionary models, whilst others are providing access through feeder funds and closed-end structures. How does the “allocator” model evolve? What remain the demands from family and UNHW/HNW capital? Where do semi-liquids fit into the mix, if at all?

Fréderick Crot, AFFO ex-President / IFFO President

Investors have various options for gaining access to opportunities through independent sponsors. Either building direct relationships with sponsors, or investing in dedicated funds that finance transactions. What are the considerations - What does manager diligence and selection look like? What challenges and pitfalls do LPs need to be aware of?

Where does value lie in mid-market infrastructure today? Specialised funds are able to capitalise on overlooked segments of the market that are less competitive and offer attractive value creation opportunities. This session will dive deeper into the landscape in Europe, what the opportunity set looks like and the typical playbooks used to deliver returns.

Is hearing it through the grapevine more important than performance? Research shows 66% of private banks consider brand the key factor distinguishing successful fundraising, often ranking higher than performance. What does this mean for the long tail of managers with decent track records but lacking the resources to establish global recognition among advisors and fund selectors? What does this mean for new entrants? Does it play into the hands of consolidators? What role does local presence and language capability play in different European markets? What part will white-labelling play?

Energy transition is fundamentally reshaping infrastructure investment. Thematic infra funds focus on everything from renewable energy, battery storage, EV charging and e-mobility. Yet innovative cleantech is also part of the story. It’s products and services are critical to the greening of assets, with infrastructure a key part of their growth story. As the lines between these sectors become increasingly blurred, investors can deploy capital through multiple access points. In this session, we take a look across the diverse range of strategies - and the risk-return profile on offer.

Featuring a 20min discussion from leading distributors about key trends, followed by 40min informal networking. Must-attend for anyone looking to develop relationships and deepen their understanding of the market.

Some private banks prefer to curate a small number of carefully selected funds, citing better terms and avoiding confusion of clients. Others prefer to distribute 25-30 funds, providing diversification and a one-stop shop. How do banks determine the optimal product shelf? What client segments demand more or less choice? At what point does product proliferation become overwhelming?

- How should liquidity, capacity and flow-control be designed so that a unit-linked evergreen fund remains reliable as volumes grow? - What valuation, pricing and subscription rules are needed to ensure fair treatment of unit-linked investors across market cycles?” - What structural features make institutional strategies genuinely compatible with unit-linked product? - How do we make sure that retail investors understand what they hold?

How the next generation will invest differently from the last. The great wealth transfer is just beginning, with trillions set to pass from baby boomers to younger generations over the next two decades. This seismic shift will reshape the wealth landscape: women will represent a larger share of HNWIs, Gen Z will demand digitally-native wealth management experiences, and investment attitudes will change. When you layer on the transition to bigger allocations to private markets, the outlook is a complex one. Which regions and client segments will drive the biggest opportunities? How must wealth managers adapt their strategies to serve a generation that thinks about money, technology, and values fundamentally differently than their parents?

- What actions to take as a GP to be seen by an insurer as a long-term strategic partner rather than just another distribution channel? - How can UL teams and GPs ensure that the product story sold to policyholders matches how the fund really behaves? - When markets or liquidity come under pressure, what concrete behaviours should UL teams expect from GP to protect policyholders and the platform? - How will the UL teams - GP distribution relationship need to evolve as volumes and retail exposure grow?

After a year of shocks, where does world economy go next? Some economists believe we are witnessing a fracturing of global trade, whereby economies coalesce around powerful blocs centred either around the US or China. Where does Europe fit? How has the policy dialogue around sovereignty materialise in this splintered world? How do investors navigate the new paradigm?

Open to all!

By request only

By invitation only

Stephane Pesch, CEO - LPEA Adrien Desbois, European Investment Fund Laurent Capolaghi, EY Luxembourg

How realistic is it and what does it mean if we get there? The shift from tactical private markets allocation to strategic portfolio integration is accelerating, with 60% of advisors targeting 10%+ allocations according to Hamilton Lane. How do wealth managers move beyond treating private markets as an alternative to more central part of their portfolio? What analytical tools are needed to blend public and private allocations effectively? How do advisors justify 20%+ alternative allocations to clients accustomed to traditional portfolios? What can we imagine downstream if wealth clients follow this advice?

Trends to watch in 2026.

Presentation

Featuring a 15min presentation, followed by a 30min discussion with leading distributors and informal networking. Must-attend for anyone looking to develop relationships and deepen their understanding of the market.

For wealth investors, the question now is less whether private credit belongs in a diversified portfolio and more how it fits. A new generation of evergreen private credit vehicles increase demand for access through semi-liquid structures continues to swell. This panel will explore how managers are articulating private credit’s value proposition to wealth advisors. From balancing yield, maximising downside protection to ensuring diversification, are private credit firms doing enough to convey the virtues of this asset class with sufficient clarity?

This presentation offers a first-look at the results of a major survey into family offices investment plans in 2026. The session will reveal SFOs' real exposure to private assets, deployment plans, appetite for secondaries and liquidity solutions and operational challenges, such as governance, diversification, risk and transparency.

Undoubtedly, the wealth revolution is already leaving its mark on private markets. Whilst this innovation and growth is to be praised, the industry must walk a fine line together. True democratisation puts GP brands, performance, fees and reputation in the spotlight. How does the industry navigate this journey together?

- In the current environment, what are the best practices for selecting Private Equity managers? For instance : What is the optimal number of relationships? Should the process be in-house or out-sourced? Should one still consider first-time teams? VC? How to review track records and portfolios with (usually) so much unrealized? Is access still an issue? - Do you think that good manager selection is more important than optimal vintage diversification?

As Europe’s macro landscape evolves, we take a deep dive on where deal flow, structure, and complexity are headed in 2026. Can Europe’s increasingly sophisticated ecosystem continue to deliver compelling value? And what might define the next phase of its private credit expansion?

In some corners of the industry, there is a belief that true democratisation is a matter of “when” not “if”. Those early movers are having to completely rethink the plumbing of private markets to reduce investment minimums and offer liquidity at unprecedented scale and speed. In this session, we go behind the scenes of an industry-first that is an example of a pioneering new approach to private markets. The key questions that need answering are: - What is the right regulatory structure for your target investor base? - How do you design an investment product that serves the needs of wealth clients? - Do you build or partner for distribution capabilities? - How do you communicate how the vehicle complements your existing offering?

Featuring a 20min discussion from leading distributors about key trends, followed by 40min informal networking. Must-attend for anyone looking to develop relationships and deepen their understanding of the market.

Despite the rhetoric, private debt investors remain committed to driving positive change through their portfolios. Investors are looking beyond ESG integration in underwriting towards more advanced strategies. This session will dive deeper into the trend towards sustainability-linked loans, where GPs can drive positive change in company behaviour; and impact debt, where capital is put to work in the companies building solutions for tomorrow. What is driving demand? How do GPs adapt? What impact are they having?

Deep Tech Decoded Michel de Lempdes - FranceDeepTech President and Managing Partner Omnes

The various approaches of accessing mass affluence Private banks and wealth managers are actively designing solutions to provide private market access to mass-affluent clients. Evergreen structures are key for this client segment and a major driver of recent growth in the space.

Regulators know only too well that the growth in private lending has made it harder to identify risks in the system. For investors, rising covenant defaults and PIK usage continues to tick upwards; albeit mirrored by decent earnings growth. Fortunately, blow-ups like those seen in the US are few and far between - but have a habit of rattling markets and prompt probing questions from investors. Are investors right to be concerned about signs of stress in private credit?

- Overview of the pros and cons of taking a more sophisticated approach to private markets - Ways to access opportunities: in-house, outsourced, or through specialist funds - Experiences from SFOs that have “cracked the code” — and what can go wrong

The planning for how to launch an open-ended fund is strategically significant. It requires solving difficult and complex problems in order to make it a success. The key questions that need answering are: - What is the right regulatory structure for your target investor base? - How do you design an investment product that serves the needs of wealth clients? - Do you build or partner for distribution capabilities? - How do you communicate how the vehicle complements your existing offering?

As private credit expands, the secondaries market is emerging as a vital source of liquidity and portfolio management across an increasingly complex private capital ecosystem. This panel will explore the forces behind this evolution, from fundraising and continuation vehicles to the strategic implications for GPs and LPs navigating a new era of liquidity innovation in private credit. What lessons can be drawn from the evolution of private equity secondaries, and how far can credit secondaries follow a similar path?

As family offices grow in scale and sophistication, managing multi-entity portfolios across public and private markets has become increasingly complex. This session explores how leading family offices are achieving a unified, institutional-grade view of total wealth, bringing together transparency, liquidity insight and risk oversight to support clearer, faster and more confident decision-making.

By invitation only

Balancing scale with returns How important is fund size for distributors? With many managers crossing the €1 billion AUM threshold, other differentiators are emerging - such as strength of returns and manager scale. How do selectors evaluate these criteria in an asset class with limited standardised performance data? What scale metrics matter—AUM, team size, deal flow? Where does scale become a liability rather than an asset?

Trends to watch in 2026.

Featuring a 30min discussion from leading distributors about key trends, followed by 30min informal networking. Must-attend for anyone looking to develop relationships and deepen their understanding of the market.

Evergreen funds are having their moment in the spotlight. By offering more flexibility to investors they are generating stable, fee-earning AUM growth for managers. Yet some argue the unpredictable capital flows risk distorting the secondary market, something that will only become more significant as the share of buy-side and sell-side transactions increases. This session explores the relationship between building portfolios for evergreen funds and secondary market pricing dynamics.

Europe has the financial resources it needs to accelerate its future, just not in the right places. Too much is held in savings; more must be invested. Mobilising this capital is challenge enough. But today’s capital markets are also changing complexion, with a growing share of funding now coming from private sources. Accelerating economic growth and wealth creation relies on broadening access to private markets. So how is Europe faring?

The rise of private wealth as a source of capital could be teeing up a new wave of conflicts between LPs and GPs. What are the considerations when evergreen funds invest alongside institutional capital? What does it mean if evergreens become more widely adopted by the institutional market? How should LPAs evolve and what is the best advice for how should GPs and LPs engage?

Buyout valuations in Europe are regaining momentum. According to PitchBook’s Q3 2025 European Private Equity Breakdown, overall deal value rose 25% year-to-date, with 37% of that total (€66 billion) driven by megadeals worth over €1 billion. This surge, coupled with record dry powder of €122 billion across European funds, reflects renewed appetite for high-quality assets, helped by central bank rate cuts and improving financing conditions. Yet pricing remains uneven. Bain & Company’s 2025 Private Equity Outlook reported average European buyout multiples of 12.1× EBITDA, while median values for mid-market deals linger closer to 10× to 11×, underscoring a bifurcated market in which sector, quality, and margin-growth potential still dictate entry pricing. With competition intensifying across Europe’s lower-mid-market, this panel will examine how sponsors are calibrating valuations relative to the middle- and large-cap space. Is there still room for multiple expansion as a driver of value creation, and if so, in which segments are GPs finding the most attractive opportunities? PwC’s 2025 Trend Report highlights that the bid-ask spread between buyers and sellers is narrowing, hinting at greater pricing alignment and potentially higher deal velocity heading into 2026. Will this continue as confidence returns and capital deployment accelerates?

Featuring a 20min discussion from leading distributors about key trends, followed by 40min informal networking. Must-attend for anyone looking to develop relationships and deepen their understanding of the market.

This discussion explores where private markets sit in multi-asset wealth portfolios over the next 2–3 years, examining how they are becoming a core component of long-term wealth planning. The panel addresses how investment horizons are changing across generations and how technological and product innovation will leave a lasting impression on private markets.

The private equity industry is on the cusp of a seismic shift. With the institutional fundraising market more challenging than ever, the multi-trillion dollar private wealth channel has transformed from a niche interest into a primary strategic objective for GPs of all sizes. This isn't just about raising a new fund; it's about unlocking an entirely new class of investors and securing the future of franchise growth. While industry giants like Hg, EQT, and Ardian are making headlines with successful wealth-focused platforms and evergreen funds, the path to success is complex and resource-intensive. Gaining access requires more than just a strong track record; it demands building a robust distribution network, sophisticated educational programs for wealth advisors, and a brand that resonates with individual investors. For many GPs, this is uncharted territory. This panel will explore the strategic and operational realities of capturing the private wealth opportunity. How are GPs building the infrastructure to meet this demand? What are the real costs and challenges of finding the right distribution partners? And as evergreen products place a GP's brand directly in the hands of thousands of new investors, what does long-term success, and reputational risk, truly look like in this new frontier?

Open to all!