1、2026 US PRIVATE EQUITY OUTLOOK:MIDYEAR UPDATE1Institutional Research GroupJinny Choi Senior Research Analyst,Private Equity Kyle Walters Research Analyst,Private Equity Harrison Waldock Senior Data APublished on June 23,20262026 US Private Equity Outlook:Midyear UpdateChecking in on our 2026 US PE p
2、redictionsPitchBook is a Morningstar company providing the most comprehensive,most accurate,and hard-to-find data for professionals doing business in the private markets.2026 outlooks3 PE assets nearing maturity will exit at a slower pace than five years ago.6 PE manager consolidation will drive the
3、 top 10 funds to capture over 40%of PE fundraising capital.9 Platform LBOs will see their share of total PE deal activity increase to 25%or more in 2026.12 The number of continuation fund-related exits in 2026 will fall below the 2025 peak.2026 US PRIVATE EQUITY OUTLOOK:MIDYEAR UPDATE2IntroductionAt
4、 the end of every year,we share our views on how the year ahead will unfold for US private equity.We offered four outlooks for 2026,and it is time to take stock of those trends to see how they are tracking.We look forward to sharing our takes on these and other developments throughout the year in ou
5、r four quarterly reportsthe US PE Breakdown,the US PE Middle Market Report,the US Public PE and GP Deal Roundup,and the Global M&A Reportas well as our semiannual Global Private Debt Report.In our initial outlook report for 2026,we included our inaugural PE sentiment survey.While an update to the su
6、rvey is not included here,we published the Q2 2026 US PE Survey,a standalone,in-depth report that reflects how industry participants view the new challenges facing the asset class.In June 2025,the market was beginning its recovery from the Liberation Day tariff announcements,which derailed much of t