As private markets move from a niche allocation to a core part of portfolios, many investors are discovering that their operating models, governance frameworks and internal processes were not built to support this level of complexity. Manual workflows, fragmented systems and inconsistent onboarding processes are creating bottlenecks that limit growth, while evergreen and semi-liquid structures are increasing pressure on product governance, platform oversight and client servicing models.

This panel will explore how firms are redesigning the infrastructure and governance frameworks behind private markets distribution, from product approval and investment oversight to onboarding, execution workflows and platform integration. Examine how products are challenged internally before reaching clients, how first and second lines of defence are evolving and what ultimately determines whether a strategy is approved, rejected or scaled across a platform. Understand the practical complexity of coordinating across investment, legal, compliance, operations and client-facing teams, and how leading firms are building scalable private markets platforms without compromising governance, control or client experience.

Discuss how private equity managers are adapting as leverage, exits and multiple expansion become less reliable drivers of performance. Identify where returns are now being generated, how underwriting discipline is evolving and why manager selection and operational value creation are becoming increasingly important in a more competitive market.