As scrutiny intensifies across private markets, greater focus is being placed on how assets are valued and what investors receive after fees. Differences in valuation methodologies, lagged reporting and inconsistent marking practices can make it difficult to assess performance, while layered fee structures risk eroding returns.

This session will explore how assets are marked across private equity, private credit and secondaries, where inconsistencies are emerging and how valuations compare to public markets. Unpack the full cost of investing in private markets, from fund-level fees to access vehicles and intermediated structures. Build a clear view of performance by interpreting valuations more effectively, assessing net returns and understanding how fees impact outcomes across different structures.

Explore how selection criteria are evolving as dispersion widens across private markets and where differentiation lies. Understand the role of large-cap managers as a source of broad market exposure versus specialist managers as drivers of differentiated alpha, how to combine both within a portfolio and how to position managers effectively with clients.