Trends Impacting Private Markets
H1 2026

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Key Takeaways

Global Fund Banking’s survey of 227 PE/VC firms shows pockets of positive sentiment amid a still-difficult fundraising environment.

41% of firms surveyed raised co-investment capital in 2025

Only flagship funds were more popular, at 57%.

2x rise in LP interest in private credit since 2023

This mirrors the 2x decline of LP interest in late-stage venture capital.

62% of respondents expect higher distributions in 2026

That compares to 44% reporting higher distributions in 2025 vs. 2024.