You-Ha Hyun

Hear both sides of the coin in an engaging debate designed to provoke discussion and inspiration. Two thought leaders will explore the relative importance of liquidity and performance in terms of how the private markets will develop, and how investors can find the sweet spot that best serves clients’ needs. Delegates will challenge the experts live on stage, and audience voting will reveal which argument was the most compelling. 

For: 

• Wealth planning and life events require a high level of access to capital 
• Perceived risk is reduced with exit options, increasing comfort and trust 
• The democratisation of private markets hinges on offering more frequent liquidity 

You-Ha Hyun, Head of Private Debt, Perpetual Investors 

Against: 

• Private markets’ illiquidity premium is the core value that enables higher returns 
• Short-term liquidity undermines long-term compounding and the ability to back value creation 
• Regular redemptions can force suboptimal asset sales 

Filippo Bondurri, Founder & CEO, SGMC Capital SAM 

Private credit continues to draw strong interest from investors seeking steady income and downside protection - but its position within a broader portfolio is still widely misunderstood. This session will explore the unique cashflow characteristics and perceived resilience of private credit, and examine the role that distressed and opportunistic debt can play in recessionary environments. Delegates will consider how to weigh the appeal of this asset class against the uncertainties it presents.