Both November programmes are about liquidity. They approach it from opposite sides of the table, two days apart.
Hong Kong, Tuesday 10 November
Liquidity, Income and Legacy: Private Capital for the Next Cycle. Three questions Greater China family offices are working through at once. Liquidity, because 2018-2020 vintages are overdue for exits and distributions have lagged. Income, because this year's widening of the family-office tax concession brought private credit and yield strategies into scope. Legacy, because the generational handover is underway and next-generation principals allocate differently. The programme takes all three rather than picking one, because that is how a family experiences them.
Singapore, Thursday 12 November
From IRR to DPI: Liquidity as the New Underwriting Standard. The question every manager eventually faces is returning capital, and the way allocators underwrite for it has shifted. The programme follows a real change in APAC distributions and secondaries volume over the past two years, and asks what a manager has to show now that IRR alone no longer carries the conversation.
Why two rooms
The Hong Kong room asks how a family holds, spends and hands on. The Singapore room asks how a manager proves they can give the money back. They are the same question from opposite ends, and a manager who sits in both on the same trip hears the whole of it.
What both editions share is a standard rather than a format: the same bar for who gets a seat. Each runs a full day built around a stage programme, with time during and after it for families and managers to meet one on one.
Speakers are being published as they confirm, and each edition publishes its own magazine ahead of the day.
Programmes and registration: mapsblufin.com