Practical primer clarifies access routes, liquidity, valuation, and due diligence for catastrophe-risk allocations

We are Hiring: Director for North America

The Standards Board for Alternative Investments (SBAI), custodian of the Alternative Investment Standards, has published a new consultation paper (‘CP5’) on proposed new Standards related to valuation of private market assets.

New partnership to include wide-ranging professional development and masterclass events.

In this episode, SBAI’s Brian Digney is joined by Richard Tomlinson, Chief Investment Officer of Local Pensions Partnership Investments (LPPI), to discuss what it takes to build a modern institutional investment organisation in an increasingly complex global environment.

This episode brings together key figures from our global network to talk about private market valuations, including the important work that the SBAI has undertaken to strengthen practices in this space through the production of standards and guidance.

In this episode, the SBAI’s Brian Digney is joined by Leda Braga, CEO of Systematica Investments, and Ben Dixon, the firm’s General Counsel and CCO. Together, they explore one of the least understood but most consequential parts of operational risk: how investment managers define, manage and report trade errors.

Insurance-linked strategies (ILS) have emerged as a unique asset class within institutional portfolios. But what makes them compelling, what risks do they carry, and how has the SBAI helped build confidence in this space?

In this episode, SBAI’s Brian Digney is joined by Chantal Berendsen, Partner and Senior Hedge Fund IDD Analyst at Albourne Partners (an independently owned, non-discretionary, global investment consultant specialising in alternatives assets), and Richard Lowther Managing Partner and Co-Founder of Integral ILS (an independent alternative investment manager, focused on natural catastrophe (re)insurance), to explore the fascinating world of insurance-linked securities (ILS).

In this episode, Brian Digney is joined by Ben Gedye and Josh Madeiros from K2 Credit to explore the rising role of portfolio credit insurance as a risk management tool in private credit and debt markets. As traditional banks scale back lending, private asset managers are stepping in — and with that shift comes the need for sophisticated ways to hedge credit risk.

In this episode, Brian Digney speaks with Mike Butcher, Head Underwriter at K2 International, about specialised insurance for asset managers. They discuss key coverages—D&O, errors and omissions, crime, cyber, and employment practices liability—and how these protect both firms and individuals.

This episode is part of the ongoing SBAI and Morgan Lewis Regulatory Compliance podcast series, co-hosted by Christine Ayako Schleppegrell, Partner at Morgan Lewis, and Brian Digney, Research and Content Director at the SBAI.

In this episode, listeners will gain practical advice on strengthening cyber and information security strategies, ensuring operational resilience, and conducting more meaningful due diligence on third-party providers.

This episode explores how private market valuations are evolving—highlighting why independence, transparency, and regulatory scrutiny matter more than ever. The participants also discuss the growing role of technology, the realities of conflicts of interest, and why not all valuation services are created equal.

How the SBAI engages with the regulatory community

Our stakeholders share their views on how the SBAI impacted the industry