Flips, Buybacks & the Evolution of PE Deals

Thursday, November 19, 2026
8:50 am - 10:30 am

The first wave of private equity in accounting was defined by platform investments and first-time transactions. The next wave will be defined by what happens after the deal.

As the pioneering private equity investments in accounting mature, firms and investors are beginning to navigate continuation vehicles, secondary transactions, recapitalizations, evolving ownership structures, and even buybacks. Research shows that nearly two in ten PE-backed firms expect their investors to sell equity within the next two years, signaling that the profession is entering a new phase of the private equity lifecycle.

This session brings together firm leaders, investors, and advisors to explore how PE firms exit investments, what those transitions mean for partners and leadership teams, and how firms are preparing for their next chapter.

Attendees will gain insight into the realities of second transactions, lessons learned from early PE partnerships, and how firms are thinking about ownership, governance, and growth as private equity in accounting continues to evolve.