CSC泛息集团：2026年全球特殊目的载体（SPV）展望报告：有限合伙人诉求与运营复杂度如何重塑特殊目的载体模式（英文版）（17页）.pdf

1、SPV Global Outlook 2026How LP demands and operational complexity are reshaping the SPV model 2|SPV Global Outlook 2026 IntroductionSpecial purpose vehicles(SPVs)have mostly operated behind the scenes in private marketsflexible,focused,and often unseen by those not directly involved with them.That re

2、lative obscurity is changing.In 2026,the SPV sits at the intersection of some of the most pressing forces in private capital,including investor pressure for greater transparency and governance,the practical strain of executing complex structures across multiple jurisdictions,and a growing recognitio

3、n that data quality and operational discipline are strategic concerns,not administrative ones.The market context is important.While private markets showed signs of recovery in 2025,fundraising and distributions remained challenging for many general partners(GPs).In that environment,limited partners(

4、LPs)are exercising greater scrutiny over how their capital is deployed,structured,governed,and reported.GPs are responding with increasingly tailored SPV arrangements designed to meet investor expectations,preserve optionality,and retain relationships in a more competitive fundraising market.This re

5、port draws on CSCs 2026 survey of 410 senior private markets practitioners spanning private equity,private credit,real estate,and infrastructure,with respondents across Asia Pacific(33%),Europe including the U.K.(33%),and the Americas(34%).It examines three interconnected themes:how LP expectations

6、are driving structural change;the operational and cross-border complexity that follows;and what a well-designed SPV operating model looks like in response.OUR EXPERTSRobert-Jan BertinaMarket Leader,EMEA,CSCJames DonnanHead of SPV Management,Asia Pacific,CSCNicole HuHead of Fund Solutions,Asia Pacifi