Our latest newsletter highlights a market defined by returning liquidity and renewed conviction. With 59% of LPs expecting increased distributions in 2026, the private equity flywheel is beginning to restart, fueling appetite for the 2025/26 vintages. At the same time, fundraising remains extended and firmly buyer-friendly, reinforcing a more selective and disciplined environment. 

Liquidity solutions are evolving, with GP-led secondaries and continuation vehicles now core portfolio tools, while capital allocation is shifting toward Western Europe alongside continued conviction across Asia-Pacific. Geopolitics has overtaken interest rates as the primary macro concern, and AI is emerging as a key driver of value creation.

Against this backdrop, 84% of LPs expect the 2025/26 vintages to outperform recent years, positioning 2026 as a foundational deployment period for private markets. 

You can read the full Q1 2026 Asante Market Pulse at the link below.