1、2026 EMEA PRIVATE CAPITAL OUTLOOK:MIDYEAR UPDATE1Institutional Research GroupNalin Patel Director,EMEA Private Capital Research Navina Rajan Senior Research Analyst,EMEA Private Capital Nicolas Moura,CFA,CAIA Senior Research Analyst,EMEA Private Capital Charlie Farber Manager,Data AnalysisOscar Alla
2、way Senior Data AnalystAdi George Associate Data APublished on 24 June 20262026 EMEA Private Capital Outlook:Midyear UpdateChecking in on our 2026 EMEA private capital predictionsPitchBook is a Morningstar company providing the most comprehensive,most accurate,and hard-to-find data for professionals
3、 doing business in the private markets.2026 outlooks3 The ratio of PE-backed companies to public companies in Europe will reach a fresh record of 2.3x.5 US investor participation will reach 25%of European PE deal count.7 Europes IPO window will stay open,with mostly profitable listings.9 AI will mak
4、e up more than half of European VC deal value.11 Stockholm will challenge the big three European private market hubs:London,Paris,and Berlin.13 Saudi private capital markets will continue developing in the MENA region.2026 EMEA PRIVATE CAPITAL OUTLOOK:MIDYEAR UPDATE2IntroductionAt the end of every y
5、ear,we share our views on how the year ahead will unfold for EMEA private capital.In December 2025,we offered six 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
6、r quarterly reports,which include the European PE Breakdown,European Venture Report,and European VC Valuations Report.2026 has thrown several challenges at private market participants.The principal shock arrived in the second half of Q1,when the Iran war broke out.Peace talks and ceasefires have tak