Private markets enter 2026 on firmer footing, with deal activity rebounding alongside a more supportive rate environment. We expect a constructive year ahead, as deregulation, continued easing, and policy support help reinforce momentum across both private and public markets.
Against this backdrop, private markets continue to demonstrate resilience, underpinned by strong credit quality, new liquidity channels, and expanding investor access. As the credit cycle matures, investors are re-engaging with renewed discipline – emphasizing selectivity and diversification while increasingly turning to more complex or fragmented markets for differentiated and transition-oriented opportunities.
The second half of 2025 is shaping up to be a pivotal moment for private markets. In this overview video, Sarah Hirsch, Global Market Strategist at New York Life Investments, shares highlights from our 2025 Private Markets Outlook, exploring how global rate cuts and policy shifts are influencing opportunities across private credit, private equity, real estate, and real assets, how democratization is expanding access to private markets, and how megatrends like electrification and digitization are driving long-term investment themes.
Private markets remain a core and growing component of multi-asset portfolios.
In this overview video, Sarah Hirsch, Global Market Strategist at New York Life Investments, discusses how investors are re-engaging with renewed discipline, emphasizing selectivity and diversification, while increasingly turning to more complex or fragmented markets for differentiated sources of return.
More on Private Markets
Cue the Comeback: Setting the Stage for 2026 Dealmaking Resurgence
Extending the Cycle: Growth and Opportunity Across Private Markets
Private Markets: Navigating a Global Market Reset
Checking in on the U.S. Private Markets
A Broad Range of Private Market Capabilities Across New York Life Investments
The benefit of our multi-boutique platform
At New York Life Investments, we offer a wide range of private market solutions tailored to meet client objectives. Our investment strategy is rooted in extensive experience and deep institutional knowledge, emphasizing thoughtful diversification and long-term growth. With a proven, repeatable process, our skilled teams expertly manage assets across key sectors such as private equity, private credit, real estate, and infrastructure.
This material represents an assessment of the market environment as at a specific date; is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective.
A Broad Range of Private Market Capabilities Across New York Life Investments
The benefit of our multi-boutique platform
At New York Life Investments, we offer a wide range of private market solutions tailored to meet client objectives. Our investment strategy is rooted in extensive experience and deep institutional knowledge, emphasizing thoughtful diversification and long-term growth. With a proven, repeatable process, our skilled teams expertly manage assets across key sectors such as private equity, private credit, real estate, and infrastructure.
Private Debt
Private Equity
Real Estate
A Broad Range of Private Market Capabilities Across New York Life Investments
The benefit of our multi-boutique platform
At New York Life Investments, we offer a wide range of private market solutions tailored to meet client objectives. Our investment strategy is rooted in extensive experience and deep institutional knowledge, emphasizing thoughtful diversification and long-term growth. With a proven, repeatable process, our skilled teams expertly manage assets across key sectors such as private equity, private credit, real estate, and infrastructure.