Edouard Boscher, Head of Private Equity at Carmignac, leads the firm's private markets expertise, overseeing its newly launched fund, Carmignac Private Evergreen: a semi-liquid, open-ended fund offering pure private equity exposure and which just celebrated its 1-year anniversary.
This innovative strategy focuses primarily on buyouts in developed markets, particularly the US and Europe, mainly through a significant allocation to LP-led secondaries and direct co-investments. Carmignac Private Evergreen addresses historical challenges associated with closed-ended fund structures, including relatively low cash at work, complex cash management needs and difficulties in managing allocations.

Workshop Objectives: Innovative open-ended semi liquid structures appeared in the closed ended Private Equity market with the promise to deliver flexibility, immediate exposure, simplified administration for end investors and actively manage allocation to Private Equity.
Behind this promise, we will detail what a manager must implement to deliver it. How to benefit from the active secondary market Private Equity to address concentration and J-curve issues?
The focus on liquidity is essential in a semi liquid vehicle, fund manager will detail how a Private Equity portfolio is constructed, and how the liquid sleeve can be actively managed to contribute to the returns.

Company Profile: Carmignac is a family and employee-owned company and one of the leading independent investment management boutiques in Europe. Founded in 1989, Carmignac values excellence and relies on a strong entrepreneurial culture, which is reflected in the freedom and courage the investment team leverages to develop strong convictions and implement them.
We are committed partners to our clients. Our sole mission is to offer investors the best of active and alternative management to help them fulfil their long-term goals whilst contributing towards building a more sustainable world. We are transparent about our investment decisions and always take responsibility, prioritising the interests of our clients. We have made this conviction our brand signature: "Investing in your interest".

Private markets are increasingly becoming an essential component of a well-diversified portfolio, thanks to their ability to outperform public markets, offer a broader opportunity set, and maintain lower correlation with traditional asset classes.
Within private markets, secondaries stand out for their superior risk-return profile—delivering the highest median IRR, low volatility and minimal capital loss. This makes them an attractive choice for a core allocation to private markets, providing stable baseline returns while reducing overall portfolio risk and volatility.
Open-ended structures, which require greater liquidity than closed-end funds, align perfectly with secondaries due to their inherently higher liquidity profile.
Perpetual semi-liquid funds offer a more flexible and user-friendly experience for wealth managers and their clients compared to traditional closed-end funds because they:
• Lower entry barriers with small minimum commitments, granting professional investors access to institutional-quality assets.
• Deploy capital immediately into a diversified portfolio, eliminating uncertainty around capital calls and cash flow management.
• Automatically reinvest portfolio cash flows each quarter, amplifying the compounding effect.
• Provide quarterly redemption options, allowing investors to actively manage their exposure.

Workshop Objectives: 

To demonstrate why secondaries should be a core component of private market allocations, explain their unique suitability for evergreen open-ended strategies tailored to private wealth investors, and highlight why Coller is best positioned to deliver a leading secondary open-ended solution.

Company Profile: 

Coller Capital is a global leader in the secondary market for private assets. Founded in 1990, it provides investment and liquidity solutions to private market investors and manages $40 billion across private equity, credit, and other vehicles. Headquartered in London with offices worldwide, Coller has one of the largest dedicated secondary investment teams. Its Private Wealth Secondaries Solutions (PWSS) business offers perpetual funds to eligible private wealth investors globally.

Generali AM has a team specializing in indirect private debt with more than €14 billion in assets under management led by Marco Busca.
In addition to its long-standing range of funds of funds, GENAM has just launched a private debt secondary strategy in partnership with Partners Group that seeks to capitalize an unprecedented market opportunity by leveraging the strong origination capabilities of both firms. 
Investments in private credit secondaries enable investors to quickly generate significant returns, achieve high diversification and mitigate the J-Curve effect.
Furthermore, the indirect private debt team capabilities of Generali AM enable them to offer tailor-made solutions for the Spanish market that provide immediate deployment and maximize time invested, something that is unusual in traditional private debt funds.

Workshop Objectives:

•    Explore the opportunities offered by the secondary market in private debt.
•    Present Generali AM's capabilities to investors in offering private debt solutions that maximize deployment and mitigate the J-curve effect. 

Company Profile: With € 632.2 billion in assets under management and over 2,200 investment professionals (al 30.06.2025), Generali Investments is the asset management arm of the Generali Group, one of the world's largest insurance and asset management players. The company operates across various countries and offers investors a broad range of distinctive investment strategies and solutions across public and private markets, and expert insights to help investors achieve long-term performance. The investment offerings are managed by our 12 specialist affiliated firms. As the holding company, Generali Investments supports each company to innovate and grow with investment autonomy, ensuring they’re set up to develop sustainable and innovative strategies.