In the fourth and final episode of the 2026 Summer Series, Kelly Phelan, Partner at Asante Capital, moderates a discussion on the forces shaping private equity fundraising and what institutional investors are looking for in today's market. Joining Kelly are: Gustavo Cardenas of WafraMark Hoeing of CF/CommonfundStephen P. Cammock of GCM GrosvenorThe panellists discuss fundraising dynamics across established and emerging managers, strategy differentiation, manager selection, team building, and the characteristics that help firms attract capital in an increasingly selective fundraising environment. Watch highlights from our panel here. Disclaimer: This presentation is solely for informational purposes and should not be viewed as a recommendation or an offer to sell or the solicitation to buy securities or adopt any investment strategy. The opinions expressed herein represent the current, good faith views of the participants at the time of publication, are not investment advice, and should not be relied upon as such. The information discussed herein has been developed internally and/or obtained from sources believed to be reliable; however, the participants do not guarantee the accuracy, adequacy, or completeness of such information. There is no assurance that any events or projections will occur, and outcomes may be significantly different than the opinions stated herein. This information, including any projections concerning financial market performance, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Important Risk Information: Investments in alternatives are speculative and involve substantial risk, including market risks, credit risks, macroeconomic risks, liquidity risks, manager risks, counterparty risks, interest rate risks, and operational risks, and may result in the possible loss of your entire investment. No assurance can be given that any investment will achieve its objectives or avoid losses. Past performance is not necessarily indicative of future results. The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations, or an offer to buy or sell securities by GCM Grosvenor. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. All expressions of opinion are subject to change without notice in reaction to shifting market, economic, or political conditions. Certain information included herein may have been provided by parties not affiliated with GCM Grosvenor. GCM Grosvenor has not independently verified such information and makes no representation or warranty as to its accuracy or completeness. GCM Grosvenor® and Grosvenor® are trademarks of GCM Grosvenor and its affiliated entities. ©2026 GCM Grosvenor L.P. All rights reserved.