Investor Outlook: H2 2026

In our global survey of more than 380 investors in June 2026, we consider how sentiment has shifted on asset class performance, commitment plans, and macroeconomic challenges

• Investor demand for infrastructure is growing fastest among private markets asset classes, with nearly 50% planning to increase near-term commitments and long-term allocations

• Private equity investors are more optimistic about returns than they were in June 2025, with 41% expecting performance to improve over the 12 months to June 2027

• The exit environment remains a key concern in VC and private equity, according to 62% and 72% of investors surveyed respectively

• Private credit sentiment has softened, with 27% of investors planning to commit less capital over the next 12 months. While 31% of investors still expect to increase long-term allocations, the share planning to decrease their allocation doubled from the June 2025 survey

• Sentiment toward hedge funds turned more positive, with 30% of investors planning to increase commitments over the next 12 months and 36% expecting to increase long-term exposure