Private markets are often treated as a single allocation or tactical satellite exposure, but in practice different asset classes offer very different liquidity profiles, cash flow characteristics and roles within a portfolio. As exit timelines extend and liquidity becomes less predictable, the ability to construct portfolios with more deliberate cash flow dynamics is becoming increasingly important. At the same time, many private wealth investors are moving away from traditional asset allocation models towards more strategic, endowment-style approaches designed to meet a broader range of portfolio objectives.

This session will explore how allocators are combining different private asset classes to create more balanced cash flow profiles, reduce reliance on traditional stock-bond allocations and build more diversified sources of return. Examine how strategies behave across market conditions, where flexibility can be introduced and how allocators are adapting portfolio construction across different client segments and countries with varying sensitivities to liquidity and private markets exposure. Understand how to build private markets portfolios that are more resilient, better diversified and more aligned with investor objectives, whether those objectives are driven by income, growth, capital preservation or long-term impact outcomes.