Optimism Through the Storm: Takeaways from SuperReturn North America 2026

Despite travel disruptions caused by the TSA shutdown and spring storms, I joined roughly 800 professionals in Miami this month for SuperReturn North America, the organizer’s flagship U.S. event. While the weather was gloomy, the energy on the ground was anything but—attendees were eager to hear from industry leaders and build new relationships.

Now in its second year since relocating to Miami, SRNA continues to grow in both scale and scope. The three-day program featured panels spanning private equity, credit and venture capital, alongside discussions on the wealth channel and thematic investing across sectors such as sports, biotech and digital transformation.

SRNA has become a priority event for Prosek and our clients. Over 50 of our private markets clients spoke on panels this year, and Prosek ourselves sent a full team to support clients, connect with reporters on the ground and even moderate a few panels.

Below are a few takeaways of what has stayed with me in the week(s) since the event:

1. We’re not panicking over private credit: While recent headlines have painted a turbulent picture—highlighting shaken confidence and redemption pressures—the sentiment on the ground was more measured. Investors acknowledge the challenges but remain confident in the asset class’s long-term role. As always, disciplined manager selection remains key, but the fundamental value proposition of private credit remains compelling.

2. The wealth channel remains engaged – for now: The wealth channel has been at the center of the private credit panic, with questions about whether semi-liquid structures make sense for both the investors and the managers. However, family offices and high-net-worth individuals continue to show strong interest in private markets. The prevailing view: proceed thoughtfully, with a clear understanding of fund structures and liquidity terms, rather than retreating altogether.

3. Secondary markets continue to entice: In an environment defined by volatility, secondary markets are increasingly attractive. Sellers are using them to manage exposure, while buyers are seeking discounts across private equity, credit and venture.

4. Venture loves specialization: Across venture capital, several sectors – such as health tech, defense tech and digital assets – are drawing attention. The consistent theme among them is that investors are gravitating toward specialist managers with deep domain expertise, who are best positioned to identify and support breakout opportunities.

5. Fundraising continues to be challenging: No surprises here—fundraising continues to be a persistent headwind across strategies.

6. A closing note from a legend: I say with no bias that a standout moment of the conference was Prosek’s Partner Jon Schwartz moderating the keynote fireside chat with Dan Marino, the legendary quarterback and philanthropist. Marino shared a few enduring lessons on success:

1. 1. Strong relationships are everything—trust is the foundation of any lasting partnership.
   2. Don’t be afraid to do what it takes to win.
   3. When you’re truly operating at your best, the game seems to slow down.

If interested or have any questions, feel free to reach out to pro-srna@prosek.com for more information.