• Kelvin Yap, Managing Director, Singapore, HarbourVest
• Brian Lim, Partner & Head of Asia and Emerging Markets Investment Teams, Pantheon Ventures
• Serena Tan, Co-Founder and CEO, Gaia Investment Partners
• Michael Liu, Managing Director, Portfolio Advisors
• Brooke Zhou, Partner, LGT Capital Partners
• Kavitha Nair, Senior Reporter, DealStreetAsia [Moderator]

As macroeconomic volatility, rising interest rates, and geopolitical fragmentation reshape global capital flows, LPs are recalibrating their strategies. In Asia, this has triggered a pivot toward buyouts and structured equity, and selective allocations to diverse markets. Will the next cycle be defined by disciplined deployment, strategic concentration, and a sharper focus on liquidity and control? Will LPs emphasise diversification, risk management, and partnerships with experienced local GPs?