2026

The 2026 set covers Asia-Pacific, Europe, Global, North America. Each report is a structural analysis with its reasoning shown, its sources named, and its limits stated.

• Global Investment Outlook 2026 — The Return Question — After three years of extraordinary capital commitment to artificial intelligence, 2026 is the year the question changes from how much is being invested to what it is returning. Everything else in the market is downstream of how that resolves.
• US Venture Capital Outlook 2026 — What Has to Happen — US venture capital enters 2026 with three unresolved problems that resolve on different timelines: an exit backlog five years deep, a thinning early-stage pipeline, and an AI capital cycle approaching its first real test. Only one of them can be fixed quickly.
• Asia-Pacific Private Markets Outlook 2026 — What Each Market Is Waiting For — There is no single question facing Asia-Pacific private markets in 2026. Each major market is waiting on a different variable, and the most useful thing an outlook can do is say which one, and what evidence would settle it.
• India Venture Capital Outlook 2026 — Priced for Execution — India's structural case is the strongest in the region and is substantially priced. That makes 2026 a year about execution rather than about the story — and the two require entirely different evidence.
• Private Credit Outlook 2026 — The Cycle Arrives — For a decade private credit's central claims have been unfalsifiable in practice, because the conditions that would test them never arrived. That is changing. This report sets out what the test consists of and what evidence would settle each claim.
• Europe Investment Outlook 2026 — Three Constraints, One Question — Europe enters 2026 with an official diagnosis, a genuine comparative advantage in the categories that now matter, and the same capital constraint it has had for eleven years. Only one of those is new.