With Intelligence - LP:GP Summits

One week to go until Alts 50, and there's still time to register!   On October 26-27, New York City will welcome senior institutional investors, consultants and managers for two days of industry discussion and networking, followed by an evening of celebration.   Here's what's in store at Alts 50:   Real Assets | Monday, October 26 Exclusive roundtables exploring infrastructure, energy, real estate and their place in institutional portfolios.   Alternatives Conference | Tuesday, October 27 Hear from leading allocators and managers on the latest in private markets, AI, geopolitics and beyond.   Awards Dinner | Tuesday, October 27 Celebrate at the Rainbow Room as the Alts 50 Top 10 are revealed live, alongside The Allocator's 2026 Prizes.   The countdown is on. Register now to secure your place: https://lnkd.in/gfunnvcg

With the inaugural Insurance Investment Outlook just one month away, secure your place today at this carefully curated forum for senior insurance investment professionals. Join us in Florida on November 4-5 at The Boca Raton, where qualifying LPs within insurance general accounts will receive complimentary accommodation for the night of November 4, subject to availability*. Developed with guidance from our advisory board, the program is built around the investment priorities shaping insurance portfolios today, with highlights including: • The NAIC agenda: What insurance CIOs need to know now • Power, AI and the new infra bubble? • How much private credit is too much for insurance portfolios? With a strict 1:1 investor-to-manager ratio, the event is designed to encourage candid peer discussion and high-quality conversations with senior decision-makers. Don’t miss the chance to join us in Florida – apply to attend now: https://lnkd.in/epMCyfvW Event Partner: Insurance Women's Investment Network Headline Sponsor: T. Rowe Price Platinum Sponsor: Nuveen, a TIAA company, State Street Gold Sponsor: Aberdeen, Barings, Income Research + Management, New England Asset Management, Inc. (NEAM, Inc.), VanEck *Complimentary attendance is available to insurance companies with direct investment responsibility. Approval is at the discretion of With Intelligence.

We’re pleased to announce the finalists for the Randy Kim Prize for Fiduciary of the Year, part of The Allocator's 2026 Prizes!   Named in honour of the late Rainwater and Hilton Foundation CIO Randy Kim, the prize recognizes extraordinary actions in service of an institution’s mission and stakeholders.   This year’s finalists are: ▪ Anne Dinneen, Chief Investment Officer, NewYork-Presbyterian Dinneen arrived at the $13B hospital system in May 2022 from Hamilton College, where the endowment had roughly doubled to $1.5B on her watch, and set about rebuilding an investment office. One judge called the result “a complete and total turnaround, both in team, back office, portfolio,” adding that she “put NYP back on the map” in front of a serious investment committee. Our panel agreed that what she did was not only capital allocation, but true fiduciary devotion.   ▪ Brad Briner, Treasurer, State of North Carolina Briner, formerly co-CIO of Michael Bloomberg’s Willett Advisors, won the treasurer’s office in November 2024 and with it final authority over a $127B pension that had lagged for years. Soon he had persuaded the legislature to divvy up that power: the Investment Modernization Act, signed in June 2025, handed the portfolio to a five-member North Carolina Investment Authority board of directors, which he chairs. The fund has since crossed $150B, returning 12.4% in the fiscal year to June. Briner “has turned that place around and institutionalized it,” one judge said. “That’s a no-brainer, actually.” ▪ Thomas Lurquin, Chief Investment Officer, Kaiser Permanente Lurquin, a former managing director at Stanford Management Company, arrived at the $71.6B allocator in May 2022 and set about unwinding prior private equity commitments with massive sales to secondary buyers. When the Wall Street Journal cast one of them as a sign of cash constraints, Kaiser called the claim “simply not accurate.” One judge called it a “massive turnaround effort,” adding that Lurquin “has done great things.”  The winner will be announced at the Alts 50 Awards Dinner at the iconic Rainbow Room on October 27, with the prize presented by Randy’s brother, Brian Kim.   Find out more about Alts 50 and secure your place here: https://lnkd.in/gfunnvcg

We’re pleased to announce the finalists for Partner of the Year, part of The Allocator’s 2026 Prizes! This prize recognizes the firms that genuinely make a difference to the investors they work with, rewarding partners who go the extra mile for their clients and the institutional investment community. This year’s finalists are: ▪ Beaumont Advisors Limited For being “exceptionally” dedicated partners, as our judging panel put it. Founded in 2011 by alts veterans Lori Barton and Gillian Scott, Beaumont Advisors “truly are an extension of the team,” one judge noted, lauding the operational due diligence provider’s professionalism, attention to detail, and all-around brilliance. Another judge concurred: “They’re willing to give you support to help you think about how to develop your firm.” ▪ Darsana Capital Partners LP For “doing something rather extraordinary,” as one judge observed — two “somethings,” really. First, our judge said, Darsana Capital Partners “gave all of their LPs the opportunity to invest in SpaceX fee- and carry-free, which is going to be very meaningful for any institution that did that.” Second, the judge noted, the hedge fund chose to distribute private side-pocket investments back to LPs rather than rolling them over to inflate AUM. Houston, we have a Partner of the Year finalist.  ▪ Juniper Square For digitizing the paperwork of private markets. Founded in 2014, Juniper Square provides software and fund administration to more than 2,000 GPs, covering 40,000 funds and about $1 trillion in LP capital. Judges praised the firm for the unglamorous but meaningful work of running the manager's back office.  The winner will be announced at the Alts 50 Awards Dinner at the iconic Rainbow Room on October 27. Find out more about Alts 50 and secure your place here: https://lnkd.in/gfunnvcg

We’re pleased to announce the finalists for Team of the Year, part of The Allocator’s 2026 Prizes! Recognizing the allocator teams doing more with less, this prize celebrates the groups punching above their weight and making a real difference across their organization and portfolio. This year’s finalists are: ▪ UTIMCO For a deep bench and a sweeping overhaul. Our judges praised the manager of the University of Texas and Texas A&M endowments throughout the process, so much so that UTIMCO would have placed several people on the Alts 50 had we not capped each organization at one. Hall was “obvious,” according to our judges, and “highly respected,” in the words of an external nominator. Meanwhile, UTIMCO’s public equity team undertook “a complete rethink” of a roughly $20B portfolio, driving a third consecutive year of positive alpha generation in 2025. All of it was done, a nominator said, “in a highly collaborative and thoughtful manner with the rest of the organization and our board. They exemplified change management best practices.” ▪ Washington State Investment Board For being straight with managers and still driving a hard bargain. The $187.4B allocator has enjoyed a 9.8% annualized return over 10 years, powered by a private equity program that returned 13.5% over the same stretch and now makes up 28.5% of the fund. One judge described CEO Tucker as “very frank and very clear about her philosophy.” That runs through the staff: Aaron Daley, who oversees WSIB's global co-investment program and sits on the board of the Institutional Limited Partners Association, is “collaborative with GPs while maintaining accountability,” per one nominator. “Nobody shows up more prepared and informed than Aaron.”  ▪ Partners Capital For proving that an outsourced shop can set the agenda for insiders. “American alts allocators notice what Partners is doing,” as one nominator put it, “in the UK, and anywhere.” At the $77B OCIO, head of credit Emma Bewley is “the standout that people talk about in terms of her expertise in private credit … and she’s excellent,” one judge said. The winner will be announced at the Alts 50 Awards Dinner at the iconic Rainbow Room on October 27. Find out more about Alts 50 and secure your place here: https://lnkd.in/gfunnvcg

Join us on November 4-5 for the inaugural Insurance Investment Outlook, bringing together a carefully curated audience of senior insurance investors and asset managers for two days of candid peer discussion and meaningful conversation in Florida. Qualifying LPs within insurance general accounts will receive complimentary accommodation at The Boca Raton for the night of November 4, subject to availability.* With a strict 1:1 investor-to-manager ratio, the program will explore the growing role of alternative investments including private credit, real assets and infrastructure within the portfolio, as well as the impact of regulation and changing market conditions. The agenda has been shaped with guidance from our advisory board to keep the discussion relevant. Attendees will also hear directly from industry leaders, including keynote speaker Carrie Mears, Chief Investment Specialist for the Insurance Division of the Iowa Department of Insurance and Financial Services and NAIC representative, who will present ‘The NAIC agenda: What insurance CIOs need to know now’. With the event fast approaching, apply to attend and be part of this new executive forum: https://lnkd.in/evnHAnHX *Complimentary attendance is available to insurance companies with direct investment responsibility. Approval is at the discretion of With Intelligence.

Private equity exits have slowed, but the pressure to drive performance has not.   At the Alternatives Conference, part of Alts 50, “Private Equity: Value Creation in a World of Reduced Exits” will bring together LPs and GPs to discuss what is driving returns as holding periods lengthen and exit opportunities remain limited.   The panel will explore where managers are finding value today and how longer holding periods are reshaping GP-LP relationships, including through continuation vehicles and GP-led secondaries.   Speakers include: • Caitlin Silver, CFA, CPA, Portfolio Manager, Venture Capital, State of Wisconsin Investment Board • Michael Elio, Partner, StepStone Group (Moderator) • Jason Morrow, Deputy Chief Investment Officer, Utah Retirement Systems • Mohit Kansal, Managing Director, Private Equity, Fengate Asset Management • Ashmi Mehrotra, Managing Director and Portfolio Manager, J.P. Morgan Asset Management Find out more about Alts 50 and secure your place: https://lnkd.in/e5WyZ6Sz

A lot more capital has moved into alternatives. In some strategies, that has made genuine alpha harder to find.   That is the focus of the 'Crowding in alternatives: Where does alpha still exist?' panel at the Alternatives Conference, part of Alts 50, on October 27.   Speakers include: Emily Phillips, Managing Director, WTW (Moderator) Gregory Eudicone, CAIA, Head of Global Real Estate, Barings David Ames, Managing Director, Kamehameha Schools Mohan Chimalakonda, Investment Officer, IFC - International Finance Corporation The panel will explore where inefficiencies still exist, how much return is really coming from manager skill versus leverage or illiquidity, and whether investors are paying too much for access to brand-name managers.   Find out more about Alts 50 and secure your place here: https://lnkd.in/e5WyZ6Sz #Alts50

We’re thrilled to announce George Walker, Chairman and CEO of Neuberger, as the recipient of the 2026 Fund Manager Lifetime Achievement Award! Under George’s leadership, Neuberger Berman has grown its alternatives business considerably, including in areas such as secondaries and private credit. He has also led the firm while keeping it private and employee-owned, a decision that has allowed Neuberger Berman to stay closely aligned with its clients and employees. That philosophy has earned the firm strong support from the allocator community over the years and is a big part of why George has been chosen for this inaugural award. We look forward to celebrating with George at the Alts 50 Awards Dinner on October 27 in New York. Find out more about Alts 50, secure your place or sponsor here: https://lnkd.in/gfunnvcg #Alts50

We’re pleased to announce John D. Skjervem, CFA, Chief Investment Officer at Utah Retirement Systems, as the recipient of the 2026 Allocator Lifetime Achievement Award! John has built his career around public-sector investing, leading investment organisations in both Oregon and Utah. While the two institutions are very different, he has brought the same thoughtfulness and imagination to each, using his investment expertise in service of their wider institutional missions. His career reflects a longstanding commitment to public service, and he follows previous award recipients Ana Marshall, Michael Trotsky and Robin Diamonte. We look forward to celebrating John at the Alts 50 Awards Dinner on October 27 in New York, alongside this year’s Alts 50 community. Find out more about Alts 50 and secure your place here: https://lnkd.in/gfunnvcg #Alts50