How LPs should manage a private markets impact programme amid slower DPI

How does a distribution drought affect LPs and how should they react?

In this episode, we speak to Tom Mitchell, partner in the foundation and endowments practice and head of sustainable and impact solutions at Cambridge Associates.

Cambridge Associates has been advising institutions on their investments since 1973. Mitchell has been with the firm since 2007 and helped launch its sustainable and impact investing platform.

This conversation was recorded at PEI Group's flagship private equity meeting, NEXUS, which took place in Orlando in late February. Mitchell was among the speaker lineup for NEXUS's New Private Markets Investor Forum, and in this conversation, he describes the LP experience amid a period of slow distributions and fast-moving news. He also describes where LPs with an impact mindset are focusing their energy and capital in 2026.

Note: NEXUS will return in 2027 and is heading to Scottsdale, Arizona!