The Closing Panel: Due Diligence and Portfolio Construction in Private Markets

3pm – 3.45pm AEDT, 17 March 2026 ‐ 45 mins

Session

• What are the three non-negotiables for manager due diligence (beyond headline IRR/TVPI)?
• Analyzing sources of returns and key assumptions required for success in current strategies.
• Strategies for sizing and pacing commitments to mitigate liquidity stress.
• How to interpret marks and performance reporting during volatile economic environments.
• Identifying key risks: What breaks first in a private markets portfolio when public markets sell off?
• Evaluating the use and hidden costs of Secondaries, NAV facilities, and evergreen structures.

Panel of PWN Members and private market investors.

Speakers

Andrew Batsakis

Senior Investor at University of Sydney Endowment and Independent Investment Committee of Lipman Burgon

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Andrew Batsakis

Senior Investor at University of Sydney Endowment and Independent Investment Committee of Lipman Burgon

Andrew Batsakis is a senior investment professional at the University of Sydney endowment, where he has led the global private equity and venture capital program for nearly two decades.  He is also an Independent Investment Committee member at Lipman Burgon and Partners.

With deep experience in primaries, co-investments and GP partnerships, he brings a whole-of-portfolio perspective across asset allocation, public markets and hedge funds. He holds Law (Hons) and Commerce degrees from the University of Melbourne and is a Chartered Alternative Investment Analyst (CAIA).