DAY 1 - Navigating Macro Headwinds, Harnessing Technology and Finding the Levers That Deliver

Registration
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Welcome Address
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Headline Panel: Geopolitics and the Growth Agenda: Managing Disruption Without Losing Momentum
Speakers:
Moderator: Anjana Haines, Editor, Real Deals Media
Erem Kassim-Kakha, Senior Managing Director, Ontario Teachers Pension Plan
Tristan Nagler, Partner, Aurelius
Cilian Jansen Verplanke, Partner, Karmign Kapitaal

  • Political disruption isn't behind us. How are operating partners across the market dealing with it?
  • Instability is the new normal - what does a resilient portfolio that can weather macro and geopolitical storms look like in practice?
  • Five years of compounding disruption has changed how entrepreneurs think about risk. How should that change how you buy and build companies?
  • Which sectors are most exposed to geopolitical risk right now, and what are the smartest operators already doing about it?
  • When the macro refuses to cooperate, how do you keep the value creation plan on track?
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The Modern Value Creation Playbook: Which Levers Are Actually Moving the Needle in Mid-Market PE?
Speakers:
Moderator: Dr. Annick Desmecht, Private Equity Value Creation Specialist and Affiliate Faculty, London Business School
Anastasia Kovaaleva, Partner, Pollen Street Capital
Gideon Shmuel, Operating Partner, Foresight Group
Christian Schmehl, Managing Partner, Hypax

  • Financial engineering alone is no longer suffice, multiple expansion is unreliable and leverage is expensive. Which operational levers are delivering the strongest returns across mid-market portfolios right now?
  • What does a differentiated value creation model look like in 2026 and which funds are already operating it?
  • Hands-on or hands-off - what does an effective operating partnership look like in practice, and how do you build a model that delivers it consistently?
  • Is the way funds hire, deploy and incentivise operating partners built for what modern value creation requires?
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VCS Keynote: Value Creation 2.0 - How to Navigate Geopolitical Turbulence, Lead Transformation Without Paralysing Your Portfolio, and Build the Edge That Wins the Right Assets

Speaker: Laurits Bach Sørensen, Senior Partner and Co-Founder, Nordic Alpha Partners

  • The conventional PE model is under pressure, how do you manage turbulence without paralysing the business or breaking governance?
  • Geopolitics, hyper-transformation and the commoditisation of capital - What are the variables every operating partner needs to be navigating right now?
  • Quality assets are harder to find and harder to win. How do you build a value creation model that gives you an edge in origination, sourcing quality assets, and making the right companies want you as their partner, not just their capital provider?
  • Value Creation 2.0 - What does the next generation of PE operating models look like, and how do you build the trust, integration and operational capability to extract more value from every asset in your portfolio?
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Morning Networking Break & Refreshments
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Panel: Managing Long-Hold Assets: Resetting Incentives, Reigniting Growth and Knowing When to Exit
Speakers:
Leo Scanavino, Director - Portfolio Management and Value Creation, British International Investment
+1 TBC

  • Average hold periods are now exceeding six years. How do you keep management teams energised, focused and incentivised when the original plan has long since been overtaken by events?
  • MIP structures were designed for a four-year hold. How do you reset incentives mid-journey without demotivating the people you need most?
  • At what point does continued investment stop generating returns,  and how do you make the call to double down versus prepare for exit? 
  • When a competitor is closing in and the market hasn't moved as fast as you expected, what does a credible value creation reset look like?
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Roundtables: The Value Creation Lifecycle: Lessons from the Field Across Every Stage of the Investment Journey

RT1: Pre-acquisition

What does rigorous value creation planning look like before you own the asset, and how do you stress-test it before you sign?


Hosted by: Annalisa Amadio, Director of Value Creation, Triple Private Equity

RT2: The first 100 days

Practical tools and strategies for scale-up readiness; systematic growth acceleration, de-risking, and value extraction.


Hosted by: Marco Visser, Managing Director, Operating Partner, Aurelius

RT3: Growth

Which commercial, operational and talent levers are delivering real returns across mid-market portfolios?


Hosted by: Gideon Shmuel, Operating Partner, Foresight Group

RT4: Carve-Outs

Why Activity Is Picking Up, Why Disentanglement Is Getting Harder, and What Operating Partners Need to Get Right


Hosted by: 8Advisory

RT5: Exit Readiness

With holding periods extended, windows unpredictable, and buyer expectations higher than ever; how do you build and maintain a compelling equity story?

Hosted by: Laurits Bach Sørensen, Senior Partner and Co-Founder, Nordic Alpha Partners

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Lunch & Networking
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Fireside Chat - AI and the Operating Model: How to Disrupt Your Portfolio Companies Before Someone Else Does
Speakers:
Interviewer: Mike Shinya, Value Creation Specialist, Independent Operational Investment Advisor
Cameron Hulett, Managing Director, Head of AI and Digital, BC Partners
Marieke Christmann, Portfolio Partner, Gresham House

  • What does an AI-ready operating model look like; across processes, organisational design, technology, data and skills?
  • CEOs know AI matters. Why is implementation still so hard, and how do operating partners move them from understanding to action?
  • Which functions are being rebuilt from the ground up, and where are mid-market portfolios seeing real, measurable efficiency gains?
  • The gap between businesses that have embraced AI and those still exploring it is widening fast. How do you close it before it becomes a valuation problem?
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AI Case Studies from the Portfolio – What Has Worked When Deploying AI

Three funds. Three problems. Three honest accounts of how AI was deployed, what happened, and how it led to improved results

  • 1. How we deployed AI to redesign board reporting and drive better strategic decisions across our portfolio with Gavin Chadwick, Portfolio Director, YFM Equity Partners
  • 2. TBC Jessica Morgan, Portfolio Growth and Value Creation, Tenzing
  • 3. How AI Has Reshaped Our Way of Working, and the decisions we make because of it, with Tommy O’Sullivan, Managing Partner, Beach Equity
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Roundtables: AI in Practice: Where Is It Actually Working and Delivering Value?

RT1: AI inside the fund

What tools and methods are making your team more efficient, and what's just AI noise?


Hosted by: Walid Fakhry, Managing Partner, Soho Square Capital

RT2: AI inside the portco

How do you identify where AI can genuinely add value, and how do you tell the difference between transformation and glorified automation?


Hosted by: TBC

RT4: AI and the commercial engine

How are funds using AI to improve pricing, sales performance and customer insight in their portfolio companies, and what's moving revenue?


Hosted by: James Craig, Portfolio Growth Director, Growth Capital Partners (GCP)


RT4: AI and talent

How do you balance human capital with AI to build the most efficient and cost-effective teams across your portfolio?


Hosted by: TBC


RT5: Putting Claude to Work

A practical guide to using AI & Claude in your day-to-day


Hosted by: Gilad Amir, Digital Operating Partner, Pollen Street


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Afternoon Networking Break & Refreshments
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Private Masterclasses Risk, Resilience and Recovery: The Decisions That Determine Whether Value Is Protected or Lost

Masterclass 1 - Cybersecurity and Digital Resilience: Protecting Portfolio Value in an Increasingly Hostile Environment


Hosted by: S-RM

A hands-on session for operating partners. Participants work through the key decisions in building a proportionate and effective cybersecurity posture across a mid-market portfolio, from acquisition assessment through to incident response.

  • How do you assess cyber risk at acquisition and identify the vulnerabilities that matter most without overwhelming a management team?
  • What does a portfolio-wide approach to cybersecurity look like and how do you build consistent standards?
  • How do you build cyber resilience into the value creation plan from day one?
  • When an incident happens, how do you respond, protect value and manage the communication with boards, LPs and insurers?

Masterclass 2-  Value Creation Performance Management: How Do You Know If Your Operating Model Is Delivering?


Hosted by: 8Advisory

A hands-on session for operating partners and value creation leads. Participants work through the frameworks, metrics and governance structures that the best mid-market funds are using to track, measure and attribute the impact of their value creation activity. Practitioner-led, Chatham House Rule.

  • How do you build a performance management framework that tracks value creation impact across a diverse portfolio?
  • How do you attribute value creation impact in a way that is credible to deal teams, LPs and investment committees?
  • How do you separate what the operating partner drove from what would have happened anyway?
  • What does good portfolio monitoring look like at mid-market scale and how do you use performance data to improve the operating model over time?
  • How do you use performance data to have honest conversations with management teams about progress against the value creation plan?

Masterclass 3 - Strategic Write-Off vs. Restructuring: Making the Right Call Before It's Too Late


Hosted by: TBC

A closed-door, practitioner-led session for operating partners dealing with underperforming assets. Participants work through the key decisions; when to restructure, when to cut losses, and how to manage the process without destroying relationships or residual value. Real scenarios, honest conversation, Chatham House Rule.

  • How do you identify early enough that an asset is not going to deliver, and what are the warning signs that are commonly missed?
  • What are the criteria that determine whether restructuring is worth pursuing versus accepting a strategic write-off?
  • How do you manage the conversation with management teams, boards, LPs and co-investors when the asset is underperforming?
  • What does a well-executed restructuring look like in a mid-market business, and what are the most common mistakes that destroy value in the process?
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Pre-Dinner Special Guest Keynote - TBC
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Dinner
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Cocktail Reception

DAY 2 - The Operating Partner Advantage: People, Structure and Building a Function That Lasts

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Morning activity
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Welcome Remarks
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VCS 2026 Headline Interview - Building for Exit from Day One: What We Did, What Worked and What We Would Do Differently
Speakers:
Moderator: Anjana Haines, Editor, Real Deals Media
Interviewee: Adam Keasey, Director, Endless LLP

  • What does building for exit from day one mean in practice and how does it change the decisions you make in the first 100 days?
  • Which proof points matter most to buyers in today's market and how do you build them systematically rather than scrambling eighteen months before a sale?
  • Where did the plan fall short of what the exit process demanded and what would you do differently if you were starting again?
  • What did the exit process reveal about what buyers value and how has it changed the way you approach value creation on your current assets?
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Panel - Talent and Leadership: How to Find, Assess and Build the Management Teams That Deliver Your Value Creation Plan
Speakers:
Moderator: Mike Shinya, Value Creation Specialist, Independent Operational Investment Advisor
Lisa Ward, Head of Value Creation, Mercia Ventures
Justin Maltz, Partner, Mobeus Equity Partners
+1 Speaker TBC

  • How do you build a rigorous approach to assessing a management team at acquisition and diagnose the gap between the team you inherited and the team you need to deliver the value creation plan?
  • Hiring C-level managers, realising they are not right, and replacing them is one of the most common and costly patterns in mid-market PE. How do you get the assessment right the first time; what tools, frameworks and instincts are reliable?
  • Making a leadership change without derailing momentum- How do you know when you’ve reached the point of no return, and how do you execute a change that protects the business and the relationship?
  • The CFO challenge- How do you upgrade financial leadership in a business that has never needed it before, and how do you do it in a way the founder accepts?
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Roundtables - The Functional Value Creation Playbook: Building the Operational Foundations That Drive EBITDA Growth

RT1: Commercial Excellence

What does a best-in-class revenue engine look like in a mid-market portfolio company — and how do you build one?


Hosted by: Jawad Bhatti, Operating Partner, AnaCap

RT2: The Finance Function

How do you transform financial reporting, forecasting and controls from a back-office function into a strategic driver of value?


Hosted by: Timothy Spillane, Operating Partner, Three Hills

RT3: ESG and Sustainability

How do you build ESG credentials that actually affect your exit valuation and buyer appetite?


Hosted by: Helena Hausen, Senior Operational Advisor and Head of ESG, Beyond Capital Partners

RT4: Digital and Technology

How do you assess, prioritise and upgrade the technology stack in businesses that have historically underinvested?


Hosted by: Marieke Christmann, Portfolio Partner, Gresham House

RT5: Supply Chain Resilience

Building a Vendor Strategy That Can Withstand Geopolitical Shocks


Hosted by: Jan Diederichsen, Senior Operating Partner, H.I.G. Capital

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Morning Networking Break & Refreshments
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Oxford Style Debate: The Operating Partner Role as We Know It Will Be Obsolete Within a Decade

Speakers:

Moderator: Anjana Haines, Editor, Real Deals Media

Liam Symington, Operations Director, Marlin Equity Partners

Dr. Annick Desmecht, Private Equity Value Creation Specialist and Affiliate Faculty, London Business School

Ines Delgado, Operating Partner, iCapital


Four motions. Two sides. Five minutes each. The room votes after before every motion, and votes again at the end to see who changed their mind. No panels, no presentations, no consensus. Just the most important questions facing the operating partner community, argued out loud by the people who work on the front lines of value creation.

  • Motion 1: This House Believes AI Will Make the Operating Partner Role Redundant Within a Decade
  • Motion 2: This House Believes the Role of the Generalist Operating Partner Is Finished
  • Motion 3: This House Believes Longer Hold Periods Are Good for Operating Partners
  • Motion 4: This House Believes the Next Decade of Value Creation Will Be Won by Technology, Not People
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Private Boardrooms - Relationships, Governance and the Human Infrastructure Behind Value Creation

Boardroom 1 -The VC Partner Network: How to Build, Manage and Get the Most from Your External Specialists


Hosted by: Juan Lopez-Valcarcel, Value Creation Advisor, Tech, AI and Operations, EQT Group

A practical session for operating partners looking to build or strengthen their network of trusted external advisors and specialists. Participants share what works, what doesn't, and leave with a framework for building a partner network that genuinely adds value across the portfolio. 

  • Every operating partner needs a network of trusted external specialists. How do you identify, vet and onboard the right people
  • How do you structure and incentivise external partner relationships to ensure they remain engaged, motivated and aligned with your portfolio's needs?
  • How do you build a network that covers the specialist areas you can't cover internally, from pricing and procurement to digital and HR?
  • What does a best-in-class value creation partner network look like at mid-market scale, and how do the funds with the strongest networks use them differently from everyone else?

Boardroom 2 - Board Construction: Building a Board That Drives Growth Rather Than Just Governs It


Hosted by: TBC

A hands-on session for operating partners. Participants work through the key decisions in board construction; composition, recruitment, structure, the entrepreneur dynamic, and knowing when to make a change. Participants leave with a practical framework they can apply to their next board appointment. 

  • What does a board optimised for active growth look like, and how do you move it away from a policing function towards a genuine strategic asset?
  • How do you identify and recruit the right independent directors for a mid-market business, and what does good composition look like at different stages of the hold period?
  • The entrepreneur-on-board dynamic is one of the most delicate relationships in PE. How do you structure it, manage it and navigate it when it becomes difficult?
  • How do you know when a board member is no longer adding value, and how do you make a change without damaging the relationships that matter?

Boardroom 3 - Managing Stakeholders in a PE-Backed Business: A Practical Framework


Hosted by: Lizzie Meadowcroft, VCP Director, Operations, Carve Out and Integration, LDC

In a PE-backed business, the stakeholder map is more complex than in almost any other ownership structure. This boardroom moves beyond theory where participants work through real scenarios, share live challenges from their own portfolios, and leave with a practical framework they can apply within their firms:

  • Who are the stakeholders that determine whether a value creation plan succeeds or fails, and how do you map and prioritise them from day one?
  • How do you manage the tension between LP expectations, deal team priorities and management team bandwidth, without losing credibility with any of them?
  • When board members, co-investors or advisors are pulling in different directions, how do you build the coalition you need to move forward?
  • What does good stakeholder communication look like at each stage of the investment lifecycle, and where do operating partners most commonly get it wrong?
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Networking Lunch
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Close of VCS 2026