Private Markets Edit: Seeking attractive returns in a complex world

Will 2026 see more growth for private markets?

2025 saw strong performance from publicly traded assets. Although welcomed by investors, this raised concerns that certain markets or market sectors are in bubble territory. As such, many allocators are turning toward private assets to both find alpha and protection from potential market corrections.

Private Markets: Indexing, Intelligence and Infrastructure (Morningstar Indexes)

As private markets evolve, more investors seek structured and scalable ways to access high-growth private technology companies.

2026 Private Markets Outlook (Franklin Templeton)

For compliance reasons, this paper is only accessible in the EMEA region

Private markets are shaping the face of the financial system. What does 2026 have in store for this growing part of finance?

European Farmland as a Strategic Sustainable Investment (BNP Paribas AM)

Farmland – commercially managed land to produce agriculture products – offers a compelling opportunity for investors.

How Banks and Private Markets Are Redefining Credit (Neuberger Berman)

Deeper engagement with private markets is only one aspect of a broader strategic realignment taking place across the banking sector.

Compelling Forces in the Democratization of Private Markets (State Street)

The private markets landscape is transforming at an unprecedented pace, with retail-style funds surging. Will this trend continue?

Diversifying Your Asia Exposure: Australia Private Equity (StepStone)

As private equity investors reassess Asia exposures amid geopolitical and regulatory uncertainty, Australia presents a differentiated proposition.

The Deep End: 2025 Alternative Investments Review (JP Morgan AM)

Was 2025 the year of alternatives, as some people argue? This in-depth report provides interesting answers to this question.

Private Credit Risk Management in Evergreen Funds (CAIA blog)

The largest areas of the private lending market, much like the largest river systems, have been fully explored and mapped.

Revisiting Hedge Funds: Separating Myth from Reality (GCM Grosvenor)

For more than 30 years, hedge funds have delivered healthy spreads over cash with lower sensitivity to broad markets.

Secondaries: Capitalizing on the Wave (Coller Capital)

The secondaries market experienced a pronounced growth spurt in 2025. Are the forces driving this growth still alive?

Private Equity Performance through the Last Quarter-Century (Cliffwater)

Private equity produced positive five-year annual returns, ranging between 0% and 20% - and returns that exceeded public stock more than 90% of the time.

International Private Equity and Venture Capital Valuation Guidelines (IPEV)

Private capital managers may be required to carry out periodic valuations of Investments as part of their reporting processes.

Evaluating the Style-Selection Skill of Hedge Funds (JEF)

Style timing is not the same as style selecting, although there is some overlap between the two.