A look back at the Khiplace meeting of July 2nd: when liquidity once again becomes a key factor in credit strategies

On July 2, 2026, Khiplace was pleased to bring together, for the first time at 9M, institutional investors, family offices, multi-managers and consultants around a topic that is now emerging as one of the main challenges of bond allocations: beyond yield, the value of liquidity .

In an environment where private debt is experiencing its first liquidity pressures and where bond markets are undergoing profound changes, the discussions have allowed us to take a step back and consider the trade-offs that beneficiaries are now facing.

How can we continue to seek returns without sacrificing liquidity? What compromises can be made between investment grade, high yield, and private debt? What role should liquidity risk play in portfolio construction today? These are just some of the questions that fueled a rich, practical, and highly interactive debate.

A huge thank you to Eva Balligand , independent consultant, for the remarkable feat of combining the expertise of managers with different but ultimately complementary profiles:

🔸 Mathieu Labelle – Selwood AM

🔸 Florian Viros – Carmignac

🔸 Louis Abreu – Dorval AM

Their reflections provided valuable insights into developments in the credit market, new investment opportunities, but also the risks that now need to be integrated into allocation decisions.

Thanks also to all the participants for their many questions and their contribution to the quality of the discussions. It is precisely this exchange of experiences and points of view that makes the Khiplace meetings so enriching.