Dominic Ashcroft

Pension funds, insurers, and multi-asset allocators are navigating the trade-offs between capturing illiquidity premiums and meeting increasing demands for liquidity and flexibility. With market conditions shifting, the ability to manage quarterly vs daily pricing, stress-test portfolios, and rebalance across asset classes is becoming a defining skill for long-term success.

In this session, we will explore how top allocators are designing resilient liquidity frameworks, managing semi-liquid and evergreen vehicles, and executing cross-portfolio adjustments under pressure.

The once-clear boundaries between syndicated loans, high yield, and direct lending are breaking down, with different regions approaching convergence in unique ways. In the U.S., private credit is intersecting with liquid markets through securitisation and bank retrenchment. In Europe, regulatory reform and bank disintermediation are spurring semi-liquid and structured solutions. Across Asia, private credit is filling financing gaps in infrastructure and SMEs, often through cross-border capital flows. 

This session will explore how regional trends, regulatory frameworks, and investor demand are driving convergence globally and what that means for allocation, risk management, and product innovation.