The Drawdown

AI is transforming private markets operations, but is your talent strategy keeping up? https://bit.ly/44HVk8P Join The Drawdown, in partnership with HSBC Innovation Banking, for a breakfast briefing exploring the future of talent in private markets operations. Discussion points include: 🔹 The skills that matter most and whether soft skills now outweigh qualifications 🔹 Broadening the talent funnel for a more diverse pipeline 🔹 Mentorship (and reverse mentorship) in practice 🔹 Building strategic thinkers, not just process managers 📅 22 September 2026 📍 Six Park Place, London Register here: https://bit.ly/44HVk8P #BreakfastBriefing #Talent #PrivateMarkets

We are delighted to introduce SEI as a principal sponsor for this Winter's Drawdown Operational Leaders' Summit. https://bit.ly/4yApQPK Forget generic conferences, join your peers this 11-13 November in Portugal to hear from real operational leaders who've faced the same problems as you, and walk away with answers you can actually use Monday morning. No panels full of theory, just honest takes from peers under Chatham House Rule. Apply to attend today: https://bit.ly/4yApQPK #OLSW26 #OperationalLeadersSummit #PrivateMarkets #CFO #COO

When the fund administration market consolidates, who gets left behind? Scale and tech stacks matter, but massive provider mergers shouldn't jeopardise relationship continuity. As the playbook gets rewritten, GPs are noticing that service quality and a deep understanding of their unique operating model are what keep the wheels turning. For the Fund Admin Report 2026, Simon Riley at Saltgate breaks down how changing market dynamics are completely reshaping provider selection, and what managers must prioritise to protect their operations. 🔗 Read the full article here: https://bit.ly/3R3XZXn 🔗 Download the full report: https://bit.ly/4fobxES #privateequity #privatemarkets #fundadministration #operatingmodel #sponsored

We are delighted to announce that One Ten Associates are principal sponsors at this winter's Drawdown Operational Leaders' Summit. https://bit.ly/4po4AIG This winter, spend three days building the network that will support you through your toughest operational decisions. Priority booking for Drawdown subscribers until 31 August. Everyone else can register now to be added to the waitlist. Apply to attend here: https://bit.ly/4po4AIG #OLSW26 #OperationalLeadersSummit #PrivateMarkets

As part of their membership, the Drawdown’s Operational Leaders Network (OLN) had the opportunity to hear three experts at a digital workshop last week discuss how to measure the ROI of AI implementation. https://bit.ly/3RdDSpF David Rowlands (Former Global Head of AI at KPMG, and Advisor and Lecturer at UCL) contributed to the conversation with a discussion around the shift from Deterministic to Probabilistic models and AI Hallucinations, among other topics. Watch the clip below to hear his insights. Find out more about OLN here: https://bit.ly/3RdDSpF Thank you to David for his involvement in the conversation. #OLN #OperationalLeadersNetwork #AI #Implementation

Private market firms are asking more of their fund administrators than ever before.  Tech integration, data quality, investor reporting and operational resilience are all moving higher up the agenda as managers scale. We spoke to The Citco Group Limited, CSC, Saltgate, SEI, SS&C Technologies and VISTRA to unpack how the role of the administrator is evolving, and the trends shaping the future of the market.  Looking to future-proof your operating model? Read the full report here: https://bit.ly/4aMMkCU #FundAdmin #PrivateMarkets #Report #FinancialServices #Sponsored

Introducing Carta as a principal sponsor for this year's Drawdown Operational Leaders' Summit Winter! https://bit.ly/4fwil4C Don't miss out on the chance to spend three days in Portugal with the operational leaders whose insights could shape your next 12 months. Priority booking for Drawdown subscribers until 31 August. Everyone else can register now to be added to the waitlist. Apply to attend here: https://bit.ly/4fwil4C #OLSW26 #OperationalLeadersSummit #PrivateMarkets

At this year's Drawdown Operational Leaders' Summit Summer, we sat down for a brilliant fireside chat on how firms can scale operationally without adding unnecessary complexity. https://bit.ly/4vu0pwx A massive thank you to our moderator Matthew B. (AshGrove) for steering a sharp, practical conversation, and to our speakers Christopher Edwards (SEI) and Jessica Stewart (Systemiq Capital) for sharing their hard-won insights. Another great example of the candid, peer-to-peer conversations that make these sessions so valuable. Want more of these insights? Join us at this year's Winter Summit for the next round of honest, practical conversations with Europe's top operational leaders. Apply to attend today: https://bit.ly/4vu0pwx Sponsors Alter Domus, Aztec Group, Bridge, Gen II Fund Services, HSBC Innovation Banking, CSC, Ebury, Mactavish, One Ten Associates, S&P Global, SEI, VISTRA, Alpha Group, fundcraft, Record #OLSS26 #OperationalLeadersSummit #PrivateMarkets #Finance #Operations

KBRA is featured in The Drawdown discussing how net asset value (NAV) loans are becoming an increasingly important financing tool across private markets. NAV loans are secured by the value of a private investment fund’s underlying portfolio and are increasingly being used to support liquidity management, refinancing, and value creation.   Drawing on KBRA’s recent research, the article highlights that KBRA rated a record 38 NAV loan transactions totaling $23 billion in 2025, up from 21 transactions totaling $7 billion in 2024. The article also notes that issuance remained active through the first half of 2026 as fund managers continued to use NAV financing to support liquidity management, refinancing, and value creation amid a challenging private equity exit environment.   The article further highlights the continued strength of secondaries NAV transactions, which represented the largest share of KBRA-rated issuance in 2025. Despite the market’s continued expansion, KBRA’s analysis indicates that ratings performance has remained resilient, with 86% of secondaries NAV loan transactions issued in 2025 rated A- or higher.   Read the article: https://lnkd.in/eSKHbsbz Read the featured report: https://lnkd.in/eZAV4QDk   #KBRA #PrivateCredit #FundFinance

Investor demand for greater flexibility, new liquidity solutions and broader access is reshaping how fund managers think about structure. Traditional, siloed fund designs are giving way to hybrid vehicles, evergreen structures and dynamic capital allocation models. And the secondaries market? It's no longer a niche liquidity mechanism. Over the past decade, it has grown into a core pillar of the private markets ecosystem – and shows no signs of slowing down. Featured in The Drawdown’s Fund Admin special issue, Claudia Bertolino, Head of Private Market Services, Citco Fund Services, discusses what is driving this structural shift and what it means for the market. Read the full article here: https://lnkd.in/euCX-4Pp