I recommend reading this article published on Paperjam…
Organized by the Paperjam Club, the 10×6 Alternative Investments event brought together an exclusive audience of finance professionals on Tuesday, April 28, 2026, at Kinepolis Kirchberg. The evening featured expert insights and networking opportunities focused on the key challenges of alternative investments. Watch the presentation by Raphaël Eber, partner and global head of corporate services at Stonehage Fleming.
The annual benchmark report on all private markets.
The “fog has lifted”: after a period of deep uncertainty, private markets are entering a more technical and demanding landscape, where creating operational value takes precedence over mere market exposure. Private capital will be essential to finance the $106 trillion in infrastructure investments needed by 2040. 🔗 mckinsey.com — Global Private Markets Report 2026 McKinsey & Company
Focus on the buyout and geopolitical dynamics.
Record-high transaction values, combined with a simultaneous decline in the number of deals, reflect a cautious approach amid the geopolitical tensions of 2025. In North America, the value of buyouts rose by 29%, accounting for 57% of the global total. 🔗 mckinsey.com — Private Equity 2026 McKinsey & Company
Private Markets Outlook.
The vision of one of the world’s largest asset managers.
Investors are increasingly adopting a “whole-portfolio” approach, combining public and private assets to capitalize on opportunities in AI, infrastructure, and real estate. Private markets are evolving toward a more liquid and integrated continuum with public markets. 🔗 blackrock.com — Private Markets Outlook BlackRock
Valuations, the middle market, and managerial alpha.
Large-cap assets trade at 13.1x EV/EBITDA, compared with 11.2x for the middle market, making the latter a more attractive segment. The manager’s alpha has become a third critical dimension in portfolio construction, alongside risk and return. 🔗 am.gs.com — Private Markets Alternatives 2026 Goldman Sachs Asset Management
Six key trends for the industry.
After an extended period of reduced activity and capital accumulation, the private equity sector is entering 2026 with renewed optimism—flush with dry powder and ready to deploy. Fund managers are shifting from strategies focused on growth at any cost toward operational value creation and greater discipline. 🔗 bdo.com — 2026 Private Equity Predictions BDO
The resurgence of exits and IPO momentum.
The value of global exits was already up more than 80% year-over-year in the first nine months of 2025. J.P. Morgan anticipates that one-third of IPO activity in 2026 could involve private equity sponsors, opening a long-awaited window of liquidity. 🔗 alterdomus.com — Private Markets Outlook 2026 Alter Domus
Global data and forecasts with Pitchbook.
The value of private equity exits rose sharply to $725.1 billion in 2025, but the volume of exits hit a concerning 10-year low. For 2026, substantial increases in volume are expected due to improving markets and pressure to return capital. 🔗 kpmg.com — Q4 2025 Pulse of Private Equity KPMG
Real estate, infrastructure, and private credit are competing for investors’ attention.
In 2025, target allocations to real estate declined for the first time in 13 years, as institutional investors turned to infrastructure and private credit. Approximately 60% of investors now view these asset classes as direct competitors to real estate. 🔗 msci.com — Real Assets in Focus 2026 MSCI
The massive shift of capital toward the private sector.
. 🔗 bloomberg.com — Capital Goes Private Bloomberg
The democratization of private markets.
Retail investors represent an estimated $80 trillion in potential. The European ELTIF 2.0 regulation, in effect since 2024, simplifies access to private market strategies for individual investors, marking a structural rebalancing of global capital. 🔗 weforum.org — Private Markets for Retail Investors World Economic Forum
