Private assets days 2024: discover the programme of this must-attend event

This conference is the first event dedicated to quantitative research in private markets. It aims to bring together investment professionals who work with private asset classes from either a risk, valuation or investment standpoint, as well as c-suite executives who want to understand the risks and performance drivers of private markets and their role in the portfolio. So far, over 200 people have registered for the event.

• To find out more and/or register, go to the dedicated page

This day-long conference will thus feature discussions and insights from leading experts in private markets, with a particular focus on key topics shaping the industry, mixing academic insights and practical perspectives.

Session 1: Private Markets - buy, sell or hold?

This session explores the dynamics of private asset market prices using twenty years of deal data and a multi-factor approach to better understand why and when private asset prices change and how it can be measured to create robust, high-frequency, time-weighted private market indices.

• Speaker: Frédéric Blanc-Brude, PhD Director, EDHEC Infra & Private Assets
• Chair: Daniel J Murphy, MD, Goldman Sachs Asset Management

Session 2: Do private asset managers outperform private asset markets?

This session proposes to measure the outperformance of private asset fund managers relative to the private asset market and to distinguish between alpha created through asset allocation choices (sector tilts) and asset selection and improvements. It shows that alpha can be measured on a consistent basis and that it is not always positive.

• Speaker: Frédéric Blanc-Brude, PhD Director, EDHEC Infra & Private Assets
• Chairs: Barry Griffiths, Senior Advisor, Arctos Partners. Avi Turetsky, Partner, Head of Quantitative Research Group, Ares Management

Session 3: Alternative Liquidity Solutions

As investors in private assets develop new solutions to manage liquidity risk in times of lower exit volumes and distributions, this session considers what might go wrong with dividend recaps, continuation vehicles and LP-led secondaries and how crucial it is to measure risk to get the market value of private assets right at the right time.

• Speaker: Srinivasan Selvam, Senior Researcher in Finance - Solutions, EDHEC Infra & Private Assets
• Chair: Alex Dotov, Head of Alternatives Investment Risk Management, TIAA

Session 4: Private Asset Allocation - avoiding the denominator effect

Investors in private assets have been forced to sell at the worst time because the denominator effect. In this session, we consider the losses created by stale valuations amplifying this effect but also how to make better  allocation decision on the basis of market information which is neither smoothed not de-smoothed.

• Speaker: Moataz Farid, Senior Quantitative Analyst, EDHEC Infra & Private Assets
• Chair: Anil Suri, Managing Director, Head of Asset Allocation and Portfolio Construction Analytics, Bank of America Corporation

This event is organized with the support of ARES and the Monetary Authority of Singapore