April 4, 2026 · Fort Mason Center · San Francisco
Vex Private Markets Summit
The future of private market structure
The Problem
$13 trillion in private markets. Zero price discovery on the decisions that matter.
LPs are trapped in 12-year funds with no exit. GPs manage zombie portfolios they can’t wind down. Founders hold illiquid paper while boards make billion-dollar decisions based on… what, exactly? Gut feel. Politics. The loudest voice in the room.
The average company now stays private for 12 years. The secondary market is a mess of back-channel deals and 20% discounts. And every major governance decision—CEO transitions, fundraising strategy, M&A—happens without anyone knowing what the market actually thinks.
The structures haven’t changed in 40 years. The scale has changed by 100x.
It’s time to fix it.
The Summit
Five Conversations That Matter
Secondary Liquidity
The $100B problem—why LPs are trapped and what's being built to free them
Tokenization
Beyond the hype—what new rails actually enable for private markets
Governance Markets
Pricing outcomes, not just equity—conditional securities that reveal what the market thinks
Trading Without Going Public
Liquidity without 10-Ks and quarterly earnings calls
Startup Fundraising
New structures for raising and deploying capital
Speakers
Who’s on Stage
Robin Hanson
Professor of Economics at George Mason University. Inventor of futarchy and prediction markets. Author of The Age of Em and The Elephant in the Brain.
Governance Markets
Ryan Singer
Co-founder and CEO of Vex Holdings. Previously co-founded Tradehill (first US institutional Bitcoin exchange), CryptoCorp, and Chia Network.
HostMore speakers to be announced.
Schedule
The Day
Friday, April 3
VIP + Speakers Only
Saturday, April 4
Fort Mason Center — The Store House
The Venues
Fort Mason Center & Beyond
The Store House
Fort Mason Center, San Francisco
Wayfare Tavern
The Barbary Room · April 3
The Interval
Long Now Foundation · April 4
Tickets
Be in the Room
Early Bird
$249
- Access to all sessions
- Lunch and refreshments
- Happy hour reception
- Event recordings (post-event)
- First 30 tickets only
VIP
$1,000
- Everything in GA
- VIP + Speakers dinner (night before)
- Reserved front-row seating
- Private lunch with speakers
- VIP cocktail party (after event)
General Admission
$350
- Access to all sessions
- Lunch and refreshments
- Happy hour reception
- Event recordings (post-event)
Limited to 120 attendees.
Audience
Who Should Attend
- GPs sitting on 10-year-old portfolios with no exit in sight
- LPs locked into funds past their expected timeline, looking for secondary options
- Fund administrators navigating continuation funds, GP-led secondaries, and new structures
- PE/VC lawyers advising on fund restructurings, tokenization compliance, and governance design
- Secondary market professionals building new liquidity infrastructure
- Late-stage founders holding illiquid paper worth millions on paper, zero in practice
- Family offices and allocators rethinking how they access private markets
- Infrastructure builders creating new rails for trading, settlement, and fund formation
Community
Partners
Interested in becoming a community partner? Contact ryan@vex.capital
Presented By
## Vex Holdings Vex has built regulated infrastructure for trading private market securities. Vex Securities is a FINRA-registered broker-dealer.