BLOGS. May 21, 2026
A Selective Market Is Still an Active One
Private markets deal activity in 2026 is defined by selectivity. Volumes remain subdued, but values are generally holding up, particularly once mega-deals are stripped out of the headline figures. That divergence is meaningful. It suggests a market that is still functioning, still transacting, but doing so on increasingly precise terms. For GPs, the implication is that the deals getting done are the ones ready, rather than the ones simply available.
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