The report pointed to private markets facing tightening liquidity and rising artificial intelligence (AI)-driven capital needs, among others as evergreen funds expand.
MSCI has published its first ‘ The State of Private Markets 2026 ’ report on 12 May, describing the industry as being at an inflection point as private assets scale rapidly while the infrastructure supporting them struggles to keep pace. AI build‑out was emerging as one of the most significant drivers of capital demand The inaugural edition positioned 2026 as a moment of transition for an asset class that had grown into a core component of institutional portfolios, yet still oper