Private equity in transition: from distribution drought to selective recovery | Allianz
https://www.allianz.com/en/economic_research/insights/publications/specials_fmo/260220-private-equity.html
https://www.allianz.com/en/economic_research/insights/publications/specials_fmo/260220-private-equity.html
Allianz.com
Private equity in transition: from distribution drought to selective recovery | Allianz
Private equity is at a critical inflection point. Exit activity rebounded strongly in 2025, with global deal value reaching USD905bn.
The Quiet Risk in Private Equity: NAV Squeezing and Performance Illusions
https://www.linkedin.com/pulse/quiet-risk-private-equity-nav-squeezing-performance-illusions-mohs-eez1e?utm_source=share&utm_medium=member_android&utm_campaign=share_via
https://www.linkedin.com/pulse/quiet-risk-private-equity-nav-squeezing-performance-illusions-mohs-eez1e?utm_source=share&utm_medium=member_android&utm_campaign=share_via
Linkedin
The Quiet Risk in Private Equity: NAV Squeezing and Performance Illusions
I previously wrote about the inherent complexity in private equity fees and the importance that your fiduciary understands these products and alternative investments as a whole. Alts are an important component to portfolio construction, but both investment…
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1779634207706.pdf
5.5 MB
Value creation in private equity by KPMG
WEF_The_Future_of_Venture_Capital_2026.pdf
https://reports.weforum.org/docs/WEF_The_Future_of_Venture_Capital_2026.pdf
https://reports.weforum.org/docs/WEF_The_Future_of_Venture_Capital_2026.pdf
Executive Summary
The European Commission is exploring reforms to improve liquidity in private markets as part of its Savings and Investments Union agenda.
Core issue: Private equity investors face limited exit options due to challenging IPO markets, fragmented secondary sales, limited valuation transparency, and overall illiquidity.
Key proposal: Create a regulated, intermittent secondary trading platform for private company shares—essentially a private-company marketplace that opens during scheduled trading windows rather than operating continuously.
Potential benefits for PE funds:
Faster and more efficient exits
Broader pool of potential buyers
Improved price discovery and valuation transparency
Reduced dependence on IPOs and M&A transactions
Additional liquidity pathway for portfolio companies
Consultation focus areas:
Barriers to PE exits
Inefficiencies in current exit routes
Design of private-share trading markets
Disclosure and investor-protection requirements
Whether companies should be allowed to raise new capital on such platforms
Why it matters: If implemented, these reforms could fundamentally improve how private equity investments are exited and valued, making private markets more attractive to institutional investors while bringing elements of public-market infrastructure into private markets. For PE fund administrators, this could represent one of the most important market-structure developments in Europe in recent years.
The European Commission is exploring reforms to improve liquidity in private markets as part of its Savings and Investments Union agenda.
Core issue: Private equity investors face limited exit options due to challenging IPO markets, fragmented secondary sales, limited valuation transparency, and overall illiquidity.
Key proposal: Create a regulated, intermittent secondary trading platform for private company shares—essentially a private-company marketplace that opens during scheduled trading windows rather than operating continuously.
Potential benefits for PE funds:
Faster and more efficient exits
Broader pool of potential buyers
Improved price discovery and valuation transparency
Reduced dependence on IPOs and M&A transactions
Additional liquidity pathway for portfolio companies
Consultation focus areas:
Barriers to PE exits
Inefficiencies in current exit routes
Design of private-share trading markets
Disclosure and investor-protection requirements
Whether companies should be allowed to raise new capital on such platforms
Why it matters: If implemented, these reforms could fundamentally improve how private equity investments are exited and valued, making private markets more attractive to institutional investors while bringing elements of public-market infrastructure into private markets. For PE fund administrators, this could represent one of the most important market-structure developments in Europe in recent years.
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Evergreen PE funds in 2026 - final.pdf
https://content.moonfare.com/hubfs/white-papers/Evergreen%20PE%20funds%20in%202026%20-%20final.pdf
https://content.moonfare.com/hubfs/white-papers/Evergreen%20PE%20funds%20in%202026%20-%20final.pdf
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Carried Interest Loans Gain Popularity in Private Equity
https://www.ennessglobal.com/insights/press/private-equity-leaders-turn-carried-interest-loans-payouts-slow
https://www.ennessglobal.com/insights/press/private-equity-leaders-turn-carried-interest-loans-payouts-slow
Enness Global
Carried Interest Loans Gain Popularity in Private Equity
Private equity leaders are increasingly using carried interest-backed lending to unlock liquidity as payouts slow and demand grows for bespoke finance solutions.
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The State of Private Markets 2026 | MSCI
https://www.msci.com/research-and-insights/paper/the-state-of-private-markets-2026?utm_source=chatgpt.com
https://www.msci.com/research-and-insights/paper/the-state-of-private-markets-2026?utm_source=chatgpt.com
Msci
The State of Private Markets 2026 | MSCI
MSCI's inaugural outlook report examines five forces reshaping private markets — with data and insight for asset owners, general partners and wealth investors.