Private Markets Study 2026: Resilience meets opportunity

Private markets remain resilient, but the next challenge is scaling growth. Our fifth annual outlook reveals how investors are expanding access, navigating complexity, and positioning for what’s ahead.

In focus

State Street in Germany

Since opening our first European office in Munich in 1970, we’ve built a strong presence across Germany, continuously expanding our services to meet our clients’ evolving needs. We received our local banking license in 1994 and have been offering depositary services for investment companies in Germany since 1996. In 2003, we expanded our German footprint with an office in Frankfurt, having acquired a substantial part of Deutsche Bank's Global Securities Service business. We have continued to grow our presence in Germany and today are one of the three largest custodians and depositary banks in the country, offering an extensive suite of solutions to asset managers, fund management companies and institutional investors.

Our capabilities

Inclusion and diversity