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CAIA London - Private Equity Liquidity Under Pressure: Understanding Buyout Fund Exits & Distributions
Date(s):
May 26, 2026
Note: All times listed are in local time
Venue:Citco
7 Albemarle Street
London, London W1S 4HQ
Fee(s):Free Event
Description:CAIA London
Private Equity Liquidity Under Pressure: Understanding Buyout Fund Exits & Distributions
Join CAIA London for an insightful discussion with distinguished keynote speaker Prof. Greg Brown.
Buyout fund distributions have fallen sharply since 2021 and remain well below long-term averages, raising a key question for investors: is this a temporary downturn or a structural shift in private equity liquidity? Using a large global dataset of fund-level cash flows and underlying deal exits, this research analyzes the drivers of distributions across market cycles. What does this current liquidity environment imply for portfolio management, pacing, and the evolving role of continuation vehicles and secondaries … and what are the broader implications for investors?
AGENDA:
18:00 - Registrations
18:15 - Welcome remarks by Alex Stickler, CAIA - CAIA London Chapter Executive and Senior Vice President at Citco 18:30 - Keynote presentation on The Decline in Buyout Fund Exits and Distributions: Cyclical or Secular? In collaboration with: Prof. Gregory Brown - Board Member of the CAIA Association, Chair of the CAIA Audit & Risk Committee, and Distinguished Professor of Finance at University of North Carolina - Kenan-Flagler Business School; Director of Research, Institute for Private Capital 18:50 - Q&A 19:00 - Closing remarks from CAIA Chapter London 19:05 - Networking reception
Important notes before the event:
- This event is organized by dedicated CAIA members, who generously volunteer their personal time. Should you decide to register, we greatly appreciate your commitment to attending.
- If you find that you are unable to attend, please inform us at least 48 hours before the event. Your timely cancellations enable us to offer your spot to someone on the waitlist and help minimize food and energy waste
- Kindly note that registrations must be completed in advance, as walk-ins will not be permitted. Given the event's limited capacity, we encourage you to register as early as possible to secure your spot. If the attendance limit is expanded, we will promptly notify you.
- Registering a guest is possible but complete guest details must be filled in.
Thank you for your understanding and cooperation.
If you have questions or concerns regarding registration for this event, please contact CAIA EMEA Chapter Relations. This event is organized in collaboration with: 
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Greg Brown
Job Title: Research Director
Organization: University of North Carolina, Institute for Private Capital
Speaker Type: Keynote
Greg Brown’s research centers on alternative investments, including hedge funds and private equity funds. He also is a leading expert on financial risk and the use of derivative contracts as risk management tools. He is the founder and director of research at the Institute for Private Capital, faculty director of the Hodges Scholars Program and a member of the Private Equity Research Consortium (PERC) advisory board. Dr. Brown served as the executive director of the Kenan Institute of Private Enterprise from 2015-2023. His research has been published in leading academic and practitioner finance journals, including The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, The Journal of Derivatives, The Journal of Portfolio Management and The Financial Analyst Journal. He serves on the editorial board of the Journal of Alternative Investments. He previously served as director of research for Amundi Smith Breeden, a global asset management firm specializing in fixed income investments. He has served as a consultant on financial risk and portfolio management for money management firms, the U.S. government, non-profits and Fortune 500 companies. Prior to joining UNC Kenan-Flagler, he worked at the board of governors of the Federal Reserve System in the division of research and statistics. He received his PhD in finance from the University of Texas at Austin and his BS with honors in physics and economics from Duke University.
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