Agenda

2025 SEM Consortium Agenda

Monday, October 27, 2025

3:30pm - 5:00pm

VIP Connect (Value, Information, Partnership) 1:1 Meetings

VIP Connect returns to create an intersection where LPs, consultants, and small and emerging managers meet in an intimate setting. During these one-on-one meetings, institutional investors and their advisors discuss with GPs their investment programs, focus, considerations, and processes. This year’s session will feature a curated approach to the matching process, for an extra-tailored experience.

Note: these introductory meetings are for information exchange only. We encourage managers to not “sell” during this time.

4:00pm - 7:00pm

Service Provider: The Power Partner Roundtables

Kick off your SEM Consortium 2025 experience with something brand new.

Join intimate, high-impact roundtable discussions led by leading service providers committed to supporting the small and emerging manager community.

This exclusive pre-conference event offers a rare opportunity to connect directly with key industry partners, exchange insights, and build meaningful relationships — all before the main event begins.

5:00pm - 6:30pm

Women's Networking Reception

GCM Grosvenor welcomes women from across the industry to connect with one another at the 10th Annual Women’s Networking Session.

Tuesday, October 28, 2025

8:00am - 9:30am

VIP Connect (Value, Information, Partnership) 1:1 Meetings

Note: these introductory meetings are for information exchange only. We encourage managers to not “sell” during this time.

10:00am - 10:30am

Welcome Remarks

10:50am - 11:35am

Breakout Panel Discussions

Next-Gen Credit: Investing in Emerging Mangers

Here we will explore the evolving role of emerging managers in the private credit ecosystem. This panel of industry experts will weigh the advantages and headwinds smaller managers face in today’s market, from sourcing and scaling to navigating investor expectations. The discussion will aim to explore how to thoughtfully build a portfolio of small and emerging credit managers, and why investors are increasingly viewing this segment as a source of differentiated returns, innovation, and long-term opportunity.

Moderator

Stephen McMillan

Head of Credit Research, GCM Grosvenor

Panelists

Marc Iyer

Managing Director, GCM Grosvenor

Taffi Ayodele

Head of Emerging Managers, Office of the New York City Comptroller

Sam Loughlin

Founding Partner, Paceline Equity Partners

Navigating the Real Estate M&A Landscape

A data-rich exploration of today’s Real Estate M&A market, featuring insights into both Emerging Manager activity and broader consolidation trends shaping the industry.

Speakers

Peter Braffman

Managing Director, Head of Real Estate, GCM Grosvenor

Drew Murphy

Partner, Berkshire Global Advisors

Perpetual Motion: How Evergreen Structures are Reshaping Private Markets

As individual investors gain unprecedented access to private markets, the rise of evergreen structures and programmatic solutions is reshaping the landscape for both allocators and managers. This panel will explore how specialist GPs can tap into this capital base, what it takes to build compelling offerings for individuals, and why private markets are no longer optional in modern portfolios.

Speakers

Ryan Chapman

President, Private Client Solutions, Grove Lane Partners | GCM Grosvenor

Robert Picard

Managing Director, Head of Alternative Investment, Hightower Advisors

Daniil Shapiro

Director, Product Development, Cerulli Associates

11:55am - 12:40pm

Breakout Panel Discussions

Advising Through Uncertainty: Consultant Insights for the Current Market

Featuring consultants to discuss what they’re recommending to their clients to capitalize on the current market environment so LPs can better understand current trends and opportunities and managers can understand which consultants could be a fit with their strategy.

Moderator

Dianna Henrich

Managing Director, GCM Grosvenor

Speakers

Francis Griffin

Senior Vice President, Alternatives, Callan

Nat Kellogg

President, Marquette Associates

More Treats and Less Tricks for Emerging Managers?

How can SEMs position themselves up to build scalable firms from the outset. How can LPs establish and grow successful SEM programs. How LPs can serve as active enablers of growth for their managers. What is the state of the SEM market today and how managers are finding success with capital formation and deals? Top 3 Dos and Don’ts for GPs approaching LPs to build relationships.

Moderator

Lee Brashear

Managing Director, GCM Grosvenor

Panelists

Douglas T. Lake Jr.

Founder and Managing Partner, Godspeed Capital

Kirk Sims

Managing Director of Emerging Managers Program, Teacher Retirement System of Texas (TRS)

Bharath T. Srikrishnan

Founder and Managing Partner, BharCap Partners

Beyond the Border: Alpha Opportunities Across the Globe

As U.S. markets contend with uncertainty and macro volatility, investors are increasingly turning to international markets where structural change, fiscal expansion, or reform agendas are driving renewed momentum. From Japan’s shareholder-friendly reforms to industrial policy in Europe and accelerating digitization in select emerging markets, global dispersion is creating fertile ground for active managers. This panel will bring together hedge fund managers with deep regional expertise to discuss how they are navigating varied macro environments, uncovering high-conviction themes and sectors, and leveraging bottom-up insights in the context of shifting global capital flows.

Moderator

Rajen Gokani

Managing Director, GCM Grosvenor

Panelists

Agata Dornan

Founder & Chief Investment Officer, Chepstow Lane Capital

Tom Hodson

President, Jerpoint Capital

Ranodeb (Ronnie) Roy

Co-Founder, Chief Executive Officer, Chief Investment Officer, RV Capital Management

12:45pm - 2:00pm

Networking Lunch & Manager Spotlight

One-On-One on the Richter Scale

David Richter, GCM Grosvenor’s Absolute Return Strategies Investment Committee Chair, hosts his annual one-on-one discussion with a prominent hedge fund manager who will share views on the current market environment.

Moderator

David Richter

Managing Director, GCM Grosvenor

Speaker

David Snyderman

Managing Partner & Global Head of Alternative Credit and Fixed Income, Magnetar

2:15pm - 3:45pm

LP Intensive

For the eleventh straight year, the LP intensive kicks off with an SEM Conference classic – a data-filled, in-depth presentation on the trends and activities in the small and emerging manager universe. Followed by intimate peer-to-peer working groups. These roundtables provide structured opportunities for open dialogue on the important topics raised throughout the session.

2:15pm - 3:45pm

GP Bootcamp

The session will focus on topics that best serve small and emerging managers who are looking to successfully launch and fundraise during these challenging times.

4:00pm - 4:30pm

Investors in Action

In a unique interview-style format, institutional investors discuss how they are structuring their portfolios to mitigate challenges presented by a difficult market environment. Investors will address the steps they are taking to meet their objectives, where they continue to see opportunity across the alternatives landscape while highlighting the role small and emerging managers can play to help them do so in 2025 and beyond.

Moderator

Elizabeth Browne

Managing Director, GCM Grosvenor

Speaker

Shannon O’Leary

Chief Investment Officer, Saint Paul & Minnesota Foundation

Moderator

Claire Van Wyk-Allan

Managing Director, Head of Canada and Investor Engagement, Americas, AIMA

Speaker

Kalina Berova

Managing Director, British Columbia Investment Management Corporation (BCI)

5:00pm - 6:30pm

Invite Only Reception

6:00pm - 9:00pm

SEM Consortium 2025 Reception

Wednesday, October 29, 2025

8:30am - 10:00am

General Breakfast

8:30am - 10:00am

VIP Connect (Value, Information, Partnership) 1:1 Meetings

Note: these introductory meetings are for information exchange only. We encourage managers to not “sell” during this time.

10:15am - 11:00am

Breakout Panel Discussions

Sourcing or Stalling: Why Infrastructure Emerging Managers Must Differentiate to Thrive

Infrastructure investing continues to evolve as both a resilient asset class and a platform for innovation, impact, and inclusion. This session will spotlight how emerging managers are shaping the future of infrastructure—from transportation to digital connectivity and community development. Join us for an in-depth conversation with leading managers who are navigating capital flows, identifying niche opportunities, and redefining success in a dynamic macroeconomic and policy environment. Attendees will gain insight into current market dynamics, emerging trends, and how institutional allocators can support the growth of diverse talent and strategies in this vital sector.

Moderator

Scott Litman

Managing Director, GCM Grosvenor

Speakers

Cay Freihofer

Founder & Co-Managing Partner, FIC

Reynold Martin

Managing Partner, Percival Oak Advisors

Jorge Mora

Co-Managing Partner, Jacmel Partners

Innovating Private Equity: How the Market is Leveraging Continuation Funds

As continuation vehicles (CVs) evolve from niche to mainstream, mid-sized and emerging private equity managers are using them to unlock liquidity, deepen relationships, and extend the runway on high-performing assets.  This session will explore the dynamics and attributes of continuation funds from multiple angles: the manager, new investors, and legacy investors.   

Speakers

David Andrias

Managing Director, Evercore

11:20am - 12:05pm

Breakout Panel Discussions

Winning in Credit Secondaries: Strategy in a Shifting Market

Join Steve McMillan, Head of Credit Research at GCM Grosvenor, for a focused presentation on the growing role of credit secondaries in today’s private credit landscape. The session will provide an overview of the market, highlight emerging opportunities, and explore what credit secondaries signals about the broader evolution of private credit. You will also hear about how managers and investors can position themselves to capitalize on this trend—and what it takes to win in a rapidly developing segment of the market.

Presenter

Stephen McMillan

Head of Credit Research, GCM Grosvenor

Behind the Curtain: Investing with Real Estate Emerging Managers

A candid discussion with senior investment professionals offering a rare, insider’s perspective on how GCM Grosvenor identifies and partners with Emerging Managers in Real Estate.