PI Global Investments
Private Equity

The State of Private Markets 2026


Better data, common standards and advancing technology are giving investors tools to see private markets — and act on what they find — with a precision that wasn’t possible before.

Our report examines five forces reshaping private markets in 2026 — from stress in private credit and an ongoing liquidity drought changing how GPs return cash to investors, to the tie between AI and private capital, the rise of evergreen funds and what a total-portfolio lens reveals that asset-class-specific analysis misses.



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