What GPs Are Asking About FX Risk Right Now | News & Insights | Validus Risk Management

What GPs Are Asking About FX Risk Right Now

22 July 2026

Key Takeaways

  • Liquidity remains the primary driver of FX hedging decisions
  • Evergreen and continuation vehicles are reshaping FX hedging requirements
  • FX hedging programs must evolve throughout the fund lifecycle
  • Bank credit capacity plays a critical role in FX hedge program design

Summary 

As foreign exchange risk continues to evolve, private fund managers are facing increasingly practical questions around how to structure and maintain effective hedging programmes. With longer hold periods, changing fund structures, shifting bank credit conditions and greater LP scrutiny, FX risk management is becoming a more integrated part of fund operations rather than a standalone decision. 

In this webinar, experts from Validus Risk Management, NatWest Markets and TD Securities discuss the key trends shaping FX risk management today, sharing practical insights on liquidity planning, hedge tenor, fund structures, banking relationships and how GPs can build resilient hedging programmes that remain effective throughout the life of a fund.  

Meet The Speakers

Kevin Lester

Kevin Lester

Chief Executive Officer

Haakon Blakstad

Haakon Blakstad

Chief Commercial Officer

Alain Smith

Alain Smith

Director of EMEA Client Engagement

Shane O’Neill

Shane O’Neill

Director, Global Head of Capital Markets