Master private markets in three high-impact programs on real estate, private debt and infrastructure with Prof. Cyril Demaria and leading sector specialists.
In spring 2026, Amsterdam Institute of Finance launches the Investing in Private Markets Series: three executive programs that help investors, asset allocators and senior finance professionals master private real estate, private debt and private infrastructure.
At the heart of the series is Professor Cyril Demaria, one of Europe’s foremost thinkers on private markets, joined by three highly experienced co-faculty: Zoltan Szelyes (real estate), Olya Klüppel (private debt) and Tim Whittaker (infrastructure). Together they connect the three programs into one integrated learning journey.
Explore how the programs fit together, meet the faculty behind them, and see why this series is worth joining.
Why private markets now
Private markets have become a core driver of long-term returns, diversification and value creation. Yet they require a very different mindset than listed markets. The Investing in Private Markets Series is designed to help you navigate this shift with confidence, using proven frameworks, cases and tools you can apply immediately.
The Investing in Private Markets Series at a glance
Three complementary programs, one integrated view on private markets. Join one, two, or all three programs.
1. Investing in Private Real Estate
With Prof. Cyril Demaria & Zoltan Szelyes
Gain an edge in selecting funds and assets with state-of-the-art practice:
✔ Understand how private real estate creates value in portfolios
✔ Gain insight into fund structures, strategies, and performance metrics
✔ Apply valuation methods to spot opportunities across global markets
Learn more and enroll
2. Investing in Private Debt
With Prof. Cyril Demaria & Olya Klüppel
Position for success in a fast-growing sub-asset class with insights that work:
✔ Understand private credit: grasp strategies, structures, and instruments shaping today’s market
✔ Bridge theory and practice: use frameworks and cases to assess opportunities, risks, and impact
✔ Think like an investor: position private credit for stronger diversification and returns
Learn more and enroll
3. Investing in Private Infrastructure
With Prof. Cyril Demaria & Tim Whittaker
Build expertise in infrastructure funds and investments through best-in-class knowledge:
✔ Understand the full value chain of private infrastructure investing, from strategy to valuation
✔ Master core strategies and tools to navigate global infrastructure markets
✔ Apply institutional insights into fund structures, performance, and portfolio construction
Learn more and enroll
Who should attend
This series is particularly relevant for:
✔ Institutional investors and asset allocators who want to deepen their private markets expertise
✔ Portfolio managers, investment managers and analysts active in multi-asset or alternative strategies
✔ Senior finance professionals, treasurers and corporate decision makers working with private capital
✔ Professionals in family offices and private wealth who need a structured view on private markets
Meet the faculty
Professor Cyril Demaria is one of Europe’s leading authorities on private markets and asset allocation. He is the author of reference works such as Introduction to Private Equity, Debt and Real Assets and Asset Allocation and Private Markets.
“You must take off your listed-market clothes to put on your private-market ones. This is the first step in truly understanding, and eventually leading, within private markets.”
– Professor Cyril Demaria, EDHEC Business School & Head of Private Markets Strategy, Bank Julius Baer
Programs in this series:
> Investing in Private Real Estate
> Investing in Private Debt
> Investing in Private Infrastructure
Read the interview with Prof. Cyril Demaria:
> Redefining capital allocation: mastering private markets
Zoltan Szelyes, CFA, CAIA, is CEO of Macro Real Estate AG and a leading expert on global real estate cycles, macro dynamics and portfolio construction.
“You need to understand and bridge both macro and micro. Combining them is the key to success.”
– Zoltan Szelyes, CFA, CAIA, CEO of Macro Real Estate AG
Programs in this series:
> Investing in Private Real Estate
Read the expert interview with Zoltan Szelyes:
> Lessons from the new real estate cycle: mastering complexity and finding value
Olya Klüppel is Managing Partner and Co-Founder of Global Growth Capital and an experienced private credit investor, focused on building resilient portfolios in changing markets.
“True resilience comes from making the right investment decision combined with appropriate diversification, disciplined liquidity management, and never outsourcing control of your own risk.”
– Olya Klüppel, Managing Partner & Co-Founder, Global Growth Capital
Program in this series:
> Investing in Private Debt
Read the expert interview with Olya Klüppel:
> Navigating the changing reality of private debt: risk, resilience and long term value
Tim Whittaker, PhD, is Director at the EDHEC Infra and Private Assets Research Institute and a specialist in infrastructure investments and data-driven insights.
“The asset class is evolving in ways that make it almost unrecognizable compared with ten years ago. This brings new challenges, but also exciting opportunities.”
– Tim Whittaker PhD, Director EDHEC Infra & Private Assets Research Institute
Program in this series:
> Investing in Private Infrastructure
Read the expert interview with Tim Whittaker:
> Mastering the new infrastructure cycle: where investors really create value
How to participate
Each program is a standalone, two-day executive course. You can join one, two, or all three programs, depending on your focus. Participants who follow the full series gain an integrated view across private real estate, private debt, and private infrastructure. All programs are highly interactive, case based, and taught in small groups in Amsterdam.
Explore your next step in private markets
Gain insights from the experts shaping the future of private markets. Learn more and enroll:
> Investing in Private Real Estate
> Investing in Private Debt
> Investing in Private Infrastructure
Prefer personal advice? Contact AIF: +31 20 246 7140 | info@aif.nl
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