Insights
June 2026
Private Markets Study 2026: Resilience meets opportunity
Our fifth annual outlook highlights how resilience and opportunity are reshaping private markets in a changing investment landscape.
Scott Carpenter
Global Head of Alternatives
Jesse Cole
Head of Private Markets, Product
James Redgrave
Vice President of Global Thought Leadership
Drawing on insights from global asset managers, asset owners, and wealth firms, State Street’s 2026 Private Markets Study reveals how firms are adapting to sustained demand, expanding investor access, and managing rising operational complexity. Designed for senior investment, operations, product, and distribution leaders, the study highlights how a structural shift toward individual investors is reshaping private markets growth.
Key themes from the study include
- Is demand for private markets still strong despite the volatile environment?
Yes. Private markets remain resilient, with most investors maintaining or increasing allocations despite geopolitical volatility, market uncertainty, and liquidity pressures. - What is driving growth in private markets?
Growth is increasingly supported by broader investor participation. The rise of individual investors is reinforcing long-term momentum, even as expectations for expansion are more measured. - How are firms scaling private markets access?
Firms are stepping up investment in operating models, data, and service partnerships to manage liquidity, compliance, reporting, and servicing requirements as democratization accelerates and complexity rises.
Our findings point to a decisive shift: Firms are investing in data, technology, and platform capabilities to improve transparency, enhance investor experience, and support scalable growth. Uncover how leading firms are adapting their operations, data, and distribution strategies in our exclusive report.
From our experts
Hear directly from State Street leaders on the forces shaping private markets
2026 Private Markets Outlook: Access, scale and the new operating reality
As private markets evolve, access is expanding, but so is complexity. Scott Carpenter and other industry leaders discuss the structural forces shaping private markets in 2026.
Private markets at scale: What five years of data now reveal
Private markets demand remains strong, but five years of data point to a new challenge: how firms operate at scale. Our experts explore what that shift means in practice — from expanding access to managing complexity.
In focus
From fragmented data to actionable insights
Eric Chng, global head of Hedge Funds, Multi-Product Solutioning, and APAC head of Alternatives, outlines how scalable private markets models depend on standardizing fragmented data, building unified taxonomies, and leveraging AI-driven insights to deliver actionable, deal-level intelligence.
Inside private markets: Key shifts in focus
In this rapid-fire discussion, Eric Chng unpacks how private markets are evolving — from portfolio-wide thinking and shifting LP dynamics to the growing importance of asset-level insights and scale as differentiators.
