Exits & Liquidity Summit

Exits, secondaries, working capital and fit for purpose fund structures: LPs and GPs working through what needs to be built, together.

WhereThe Old Granary, Cape Town, South Africa
WhenMon 30th November – Wed 2nd December 2026
FormatWorking sessions, not panels. No pitching.

Hosted by:

GIZ
FSD Africa
Investisseurs & Partenaires
Innovative Finance Initiative (IFI)
Pick your path

Which day is for you?

Mon and Tue are the working summit. Wed is a separate, open training day.

Mon 30th Nov

LP Day

Who: LPs and allocators investing, or looking to invest, in African funds. Emerging LPs welcome.

What: Get levelled on where things stand, then decide what to build together and what each of us will do.

Tue 1st Dec

GP + LP Day

Who: LPs from Monday, plus GPs who have raised funds (one person per fund).

What: Pressure-test Monday's ideas with fund managers, learn from funds built differently, agree commitments.

Wed 2nd Dec

Training Day

Who: Your wider team and networks. Open to all.

What: Practical, skills-focused trainings on the same themes.

All registrations are subject to approval.
Why we're convening

How the three days fit together

Monday: align

LPs get levelled on where things stand and agree what needs to be built collectively and what each of us will do individually.

Tuesday: commit

GPs join to pressure-test Monday's ideas, look at how different vehicles have been built, and turn them into commitments.

Wednesday: build skills

Open to everyone. Practical trainings around the same themes.

You leave with shared commitments, not just shared knowledge.

Mon 30th Nov and Tue 1st Dec

Four streams

Four streams run through Monday and Tuesday, each backed by pre-work so people arrive ready to build rather than just listen.

Fit for Purpose Fund Structures

How do we design funds that are fit for purpose?

We'll work from the Fit for Purpose Capital Structures Framework, which sets the conventional default in fund structuring next to what else is possible, and asks what it takes to put each choice into practice on the continent.

Exits

What does the current exit landscape look like, and what innovative options exist for funders and enterprises?

We'll bring together the I&P and FSD Africa exit research with IFI's Impact Exits work, and look at what is on the table for funders and for the enterprises they back.

Secondaries

What would a functioning secondaries market look like on the continent, and what infrastructure needs to be built?

This stream is building on a working group already in place, co-organised by IFI & GIZ. It will present its findings and run a workshop on what the market needs to work.

Working Capital

How do we get fund managers the working capital they need to launch and run funds on the continent?

This stream looks at working capital for fund managers, including what the recently launched manager facilities are teaching us. A working group is already in place, building on IFI's Financing Working Capital Mission.

Mon 30th Nov · 1:30 – 6:00 PM

LP Day

LPs only. Get levelled on where things stand, then work out what to do individually and together.

Opening and stream showcases

1:30 – 2:45 PM

An invitation to co-create over the next day and a half. Each stream gives a short presentation on where it stands, including the Fit for Purpose Capital Structures Framework, the I&P and FSD Africa exit research, Impact Exits and the Secondaries Mission findings.

2:45 – 3:15 PM Break
Workshop

Stream workshops

3:15 – 4:45 PM

Ninety minutes in which each stream works through a diagnostic of what needs to be done collectively and what needs to be done individually.

4:45 – 5:00 PM Short break and transition back
Workshop

What do we need to build?

5:00 – 6:00 PM

Collective workshopping on what needs to be built, and what infrastructure is required to address the issues surfaced in the stream workshops. Includes a short discussion on fund performance benchmarks (I&P).

6:00 PM onwardNetworking drinks and dinner
Tue 1st Dec · 10:00 AM – 5:00 PM

GP + LP Day

GPs join the LPs to pressure-test Monday's ideas, look at funds that were built differently, and land on commitments.

Recap

10:00 – 11:00 AM

A recap of Monday for LPs and GPs together: what we heard and the hypotheses we're taking forward.

Workshop

GPs and LPs, stream by stream

11:00 AM – 12:30 PM

A 90-minute session running the same four streams as Monday, testing Monday's hypotheses at market level. LPs can choose a different stream from the one they joined on Monday.

12:30 – 1:30 PM Lunch

Case studies: built differently

1:30 – 2:15 PM

A short overview of each case, then four rooms, each with one GP and one LP from that vehicle or fund. The four examples will be built around:

  • Permanent capital
  • Portfolio construction
  • Deal-level exits
  • Secondary exit

For each case we plan to add a south-to-south lens, comparing Latin America and Asia examples with the ones presented, so the conversation centres on lessons learnt.

Workshop

Breakouts: what would it take to replicate?

2:15 – 3:30 PM

Small groups discuss each example and what it would take to replicate it.

3:30 – 4:00 PM Break
Workshop

Commitments

4:00 – 5:00 PM

Final workshopping on the collective infrastructure we agree to build, the commitments we each take forward, and what needs to happen before we next meet.

5:00 PM onwardNetworking drinks for LPs and GPs. Sign up via Luma; places are limited and subject to approval.
Wed 2nd Dec · Open to all

Training Day

A practical, skills-focused day open to your wider teams and networks.

Wednesday 2nd December

Choose a full day, or a morning or afternoon track. Sessions include 101 Fundamentals, Building Fit for Purpose Funds and Deals, Impact Exits and Patient Capital. No prior innovative finance training is required.

Booking for a team, or want to partner with us? Buy multiple spots or co-sponsor the Training Day. Reach out to us →

One registration each

How to register

All registrations are subject to approval.

LPs and allocators

One registration covers Monday and Tuesday.

GPs

One registration covers Tuesday. One person per fund.

Training Day

Open to all. Details and registration are on the Training Day page.

Can't make it? Let us know if you'd like the two-pagers and resources from the summit.

Questions

Good to know

A few practical things worth knowing before the days.

What will the days be like?

Interactive by design. Menti polls, breakout rooms and workshopping are the default. Expect to be in the conversation, not watching it.

Who's in the room?

LPs and allocators on Monday and Tuesday, GPs on Tuesday, and the wider field on Wednesday.

Is there any pitching?

No. This is a working summit, not a panel series, and a no-pitch space. Come ready to build.

What is the Training Day, and who is it for?

A practical, skills-focused day on Wednesday 2nd December, open to your wider teams and networks. Choose a full day or a morning or afternoon track. No prior innovative finance training is required. Booking for a team? Reach out to us about multiple spots.

How do I register?

LPs register once for Monday and Tuesday. GPs register once for Tuesday, one person per fund. Training Day is booked through the Training Day page. All registrations are subject to approval.

See you in Cape Town

Questions about the days, the streams, or logistics? Just get in touch.