Enabling the understanding around the expectations towards the Risk Management function and facilitating the practical implementation of a Risk Management framework in the context of decision-making process/managing illiquid alternative investment funds. 

• Definitions and purpose of an illiquid fund. 
• Regulatory Framework. 
• Organization of an illiquid fund and stakeholders. 
• The Risk Management function: governance and compliance stakes in the Risk Management for illiquid funds. 
• Risk Management: from identification to reporting. 
• Establishment of the risk profile: appetite and limits. 
• Map of the main risk types: 
• Market risk;
• Liquidity risk;
• Counterparty risk; 
• Credit risk; 
• Concentration risk; 
• Sustainability risk; 
• Reputational risk; 
• Valuation risk; 
• Operational risk. 
• Specificities by investment type: 
• Real estate funds; 
• Private equity and private debt funds; 
• Funds of funds; 
• Insurance-linked strategies funds; 
• Infrastructure funds; 
• Hedge funds; 
• Risk reporting. 
• Challenges in practicing the Risk Management function.