After years of prosperity, growth, high valuations, and abundant dry powder, private markets continue to face headwinds from geopolitical uncertainty, inflation, and elevated interest rates. The impact of a new U.S. administration adds another layer of complexity, with potential shifts in regulatory policies, taxation, and global trade agreements affecting capital flows and investment strategies. What are the consequences—and potential opportunities—arising from these evolving market conditions? How can GPs and LPs collaborate and co-invest more effectively? As competition for deals intensifies, how can private capital navigate a fragmented landscape but also access high-quality opportunities? This roundtable of leading asset owners will provide a candid forum for discussing the future of the industry.