February 2026 | In private equity portfolios, cybersecurity’s value remains skewed towards the symbolic over the operational – not quite the proverbial tick-box, but certainly a label to inspire confidence. This research explores how cybersecurity can be more than a preservation measure, even a springboard for growth, and whether firms

New liquidity channels, diversified investor bases and other innovative measures have helped private markets tide over a widely acknowledged period of condensed returns. These trends bring with them a gamut of financial, operational and compliance considerations that are yet to be fully understood. This report aims to map these risks,

With contributions from key members of our community, this report shines the torch on sentiment, strategy and opportunity across the private markets universe. The industry, it would appear, is nearing the completion of a structural shift that allows it to be more resilient yet responsive to market shocks, while retaining

Regulatory shifts, operational demands and volatility have served to repeatedly derail the alignment of incentives between sustainable investing and the long-term value creation intrinsic to private markets. Over time, a clear dichotomy has emerged between what ESG teams within private markets want to achieve and what takes up most of

In a busy marketplace, firms can differentiate themselves on two fronts – what they offer and how they operate. Whether its direct lending or distressed, traditional strategies or specialisms, or a modern-day operational infrastructure that pumps the deal funnel, enables frequent and accurate valuations and supports investment decisions – this

Most PE firms will now be deriving first order outcomes from AI in their portfolio companies – as basic automation creates sizeable operational efficiencies. The conversation has progressed to second- and third-order outcomes, creating smarter, more profitable operating models. With value creation firmly in the spotlight, this report explores the

Inherently complicated but increasingly necessary – bringing liquidity to an illiquid asset class is a puzzle presenting itself in most GP boardrooms. Hybrid fund structures come with complexities of liquidity management, valuations and regulations, while also catering to a broad and diverse pool of wealth and institutional clients. This report