2026 SIPA Day Agenda

Morning —From Beta to Alpha in Private Markets (and Back Again)

08:50 - 09:00

Introduction by Frederic Blanc-Brude, CEO, SIPA

09:00 - 09:45

Private Markets & Total Portfolio Approach

Implementing the Total Portfolio Approach while investing private assets: from theory to practice.

A presentation by Evan Clarke (EDHEC Infra & Private Assets).

09:45 - 10:30

Pricing the Unpriceable: Private Equity

Fair market value and risk in private equity — moving beyond the appraisals.

Inside the private2000 index — a segment-by-segment view of risk-adjusted performance across the private equity universe.

A presentation by Frederic Blanc-Brude (SIPA).

10:30 - 11:00
Coffee break
11:00 - 12:00

Panel: How do Private Equity Fund Managers Generate Alpha?

A panel discussion exploring how leading private equity fund managers generate alpha, examining investment strategy, operational value creation and factors that consistently drive outperformance.

Moderator: Abhishek Gupta, Head of Product, SIPA
Panellists:
Edward Talmor-Gera, Founder & CEO, NewVest
Bill Zhang, Portfolio Manager, Aware Super
Bill Kieser, Principal, Quantitative Research Group, Ares
Alex Dotov, Head of Investment Risk Management for Alternative and Real Estate Asset Classes, TIAA
Dan Murphy, Managing Director and Head of Portfolio Allocation, Carlyle
Edward Berman, Chief Risk Officer, Office of the New York City Comptroller
12:00 - 12:45

Alpha Hunting in Private Markets

Measuring alpha when there are no daily prices — the methodology behind privateAlpha.

Who's actually winning? Manager rankings, outperformance, and the persistence question in buyout and infrastructure funds.

A presentation by Abhishek Gupta (SIPA)

Afternoon —Who is Afraid of Fair Value in Private Markets?

12:45 - 14:00
Lunch
14:00 - 15:00

The Evolution of Valuation Practices in Private Markets View

A review of current practices when reporting the value of private assets.

Best practices vs. current practices vs. the evolving regulation.

A presentation by Demi Chung (EDHEC Infra & Private Assets).

15:00 - 15:30
Afternoon break
15:30 - 16:30

Panel: What are the Benefits of Measuring Fair Value in Private Markets?

A panel discussion on the importance and evolution of asset valuation practices in private markets in the context of the development of retail products.

Moderator: Frederic Blanc-Brude (SIPA).
Panellists:
Cody Steele, Senior Portfolio Manager, PSERS
Matt Brenner, Consultant, DCALTA
Yazhong Wang, Senior Vice President, Neuberger
Matthew Zhao, Managing Director, Office of the Chief Investment Officer, OPTrust
Robert J. (Joey) Malagon, Managing Director, Portfolio Valuation at Kroll
16:30 - 17:30

The Denominatrix: How much did large US plans lose because they sold PE at the worst time?

A forensic investigation into the decision to sell private assets because of the denominator effect.

The role of stale appraisals and the cost to investors.

A presentation by David Chester, Research Affiliate, Institute for Private Capital, University of North Carolina, and CEO of Thea Portfolio Analytics.

17:30 - 18:30

Drinks reception