Citywire Private Markets Forum, Zurich

Company Profile:

Your trusted partner for what’s ahead™ We believe that success requires more than just expertise - it demands powerful partnerships. As a forward-thinking asset manager, we build dynamic relationships with our clients, understand their goals, and navigate the complexities of the market together. Our team leverages cutting-edge strategies and deep industry insights to unlock opportunities to help grow wealth. With Franklin Templeton by their side, investors don’t prepare for the future - they shape it. 

With public markets trading near all-time highs, investors may be looking for opportunities in “unloved” areas that have not yet participated in the recovery. In this presentation, Richard Hickman, HarbourVest Managing Director, sheds some light on how investors can access value opportunities in private markets through a listed structure.

Company Profile:

HarbourVest Global Private Equity (HVPE) is a listed investment company that provides investors with access to private company investments. Listed on the Main Market of the London Stock Exchange, HVPE sits in the FTSE 250 and has net assets of $4.2 billion and a market capitalisation of approximately £2.3 billion as at 31 January 2025. HVPE invests exclusively in HarbourVest managed funds. HarbourVest Partners is an independent, global private markets asset manager with over 43 years of experience. 

The investment objective of the Private Markets ELTIF is to generate capital gains and income by following a globally diversified multi-alternative strategy comprised primarily of private equity, private credit and private real assets investments (“Private Investments”) as well as certain public investments (“Public Investments”). Considering the long-term nature of the Sub-Fund and the characteristics of the investments, the performance of the Sub-Fund depends on the performance of the investments over time.

The portfolio is designed to efficiently deploy capital through a combination of direct investments and co-investments. We believe the investment strategy presents a distinctive opportunity for eligible investors to gain high conviction and thematic exposure to Private Equity, Private Real Assets and Private Credit in a semi-liquid vehicle.

Workshop Objective:

The objective is to introduce the attendees to our capabilities in the multi-alternatives private markets space.  

Company Profile: 

Morgan Stanley Investment Management (MSIM), a division of Morgan Stanley, is a client-focused organization that provides investment and risk management solutions to a broad range of investors and institutions, including corporations, pension plans, financial intermediaries, sovereign wealth funds, central banks, endowments, foundations, governments, and global consultants.

With over 50 years of experience in asset management, MSIM offers strategies across the risk/return spectrum, spanning different geographies, styles, and asset classes, including equities, fixed income, alternatives, and private markets.

MSIM delivers personalized service to its clients through the expertise of highly skilled professionals and access to Morgan Stanley’s global resources, combining local knowledge with an international presence to best serve its partners.

Private credit’s rapid expansion has created a large pool of mature, illiquid loans and, with it, growing demand for liquidity and portfolio flexibility. This workshop explores the accelerating private credit secondaries market and its role as a strategic solution for investors and fund managers seeking greater liquidity, portfolio flexibility, and more predictable cash flows amid delayed repayments and maturity extensions. Participants will examine the key growth drivers behind this emerging asset class, including the scale of private credit AUM growth and the current supply‑demand imbalance. The session also highlights portfolio benefits such as discounted entry points, immediate diversification across seasoned loans, enhanced risk‑adjusted returns, and reduced blind‑pool risk. Finally, the workshop addresses the manager capabilities required to successfully source, underwrite, and execute private credit secondary investments.

Workshop Objective:

To equip participants with a clear understanding of private credit secondaries, their growth drivers, portfolio benefits, and the manager capabilities required to effectively deploy capital and manage liquidity risk. 

Company Profile:

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), builds on 150 years of stability and disciplined risk management. With US $1.5 trillion in assets (30 Sep 2025) and expertise across public and private markets, PGIM offers diverse strategies through 1,400 professionals in 41 offices worldwide. 

Today, many innovative and strongly growing companies are staying private for longer than in the past and accruing more value while private. In this new market landscape, a traditional public-market small-cap allocation may miss out on an important phase of growth. Late-stage growth capital fills this gap by investing in emerging growth companies while they’re still private, enabling the capture of a larger share of their value creation potential.

Company Profile:

Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted advisor to over 2,500 clients in more than 60 countries. The firm manages more than US$1.3 trillion, as of 31 December 2025, for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model; diverse perspectives through its unified, multi-asset investment platform; and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture.