Global private equity report 2026
Download the Forvis Mazars global private equity report 2026.
Global private equity outlook 2026: Exploring new investment direction
The Forvis Mazars global private equity outlook 2026 delivers exclusive insights from over 800 private equity professionals across regions, sectors and investment strategies. Explore our global report and insights into how investor priorities are evolving amid changing market conditions.
Exploring new investment direction
Our 2026 private equity report captures how private equity leaders around the world are adapting to a market defined by stabilisation, selective recovery and tighter execution. As financing conditions remain constrained, firms are shifting focus from deal volume to value creation, organic growth, operational influence and disciplined capital deployment. Technology-led transformation, selective cross-border investment and sector specialisation are shaping where capital flows and how returns are generated. This report provides a data-driven perspective on the strategies, sectors and operating models that will define private equity performance in 2026.
800+
private equity professionals
7
regions
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“This year’s report shows that the number of private equity funds continues to grow steadily and that, despite a challenging year for capital raising, the majority of funds operating within the CEE region nevertheless successfully closed their fundraising rounds. The increase in secondary transactions—where one fund sells to another—is also becoming increasingly evident, confirming the maturity of the market. Private equity players today are also key participants in generational transition processes, particularly in mid-sized companies. Activity is most pronounced in the technology, healthcare, energy, and specialised manufacturing sectors, which remain attractive due to stable demand and strong value creation potential.”
- Andrija Garofulić, Partner, Financial advisory, Forvis Mazars in Adria region |
Market outlook for private equity
- 28of private equity portfolios performed above plan
- 58of private equity firms invest in the technology, media and telecommunications industry
- 67of private equity firms consider market, geopolitical and other external trends as a top challenge
The 2026 private equity market is shaped by tighter execution shifting financial conditions and a strong focus on technology and international growth. Firms are adapting strategies to prioritise operational influence and value creation while navigating evolving capital structures and timing pressures.
- Execution is now the differentiator: private equity firms are shifting away from scale and deal volume towards hands-on value creation. The strongest performers are prioritising control, operational influence and clearly defined levers for growth across their portfolios.
- Portfolio performance is stabilising: returns in 2026 show continuity rather than disruption. Exit outcomes are broadly in line with last year, with fewer deals underperforming, signalling a gradual return of confidence as valuation gaps narrow.
- Financing is shaping how deals are built and exited: tighter credit markets are influencing capital structures, build-up strategies and exit timing. This is making disciplined deployment and creative financing increasingly important for investors.
- Cross-border investment is driving growth: international dealmaking remains a core growth engine, with firms expanding beyond domestic markets to access better opportunities, diversification and stronger returns.
- Technology is now central to value creation: technology-led investing has moved to the forefront globally. With TMT now the most targeted sector, digital capability, AI and tech-enabled operations are becoming essential tools for driving portfolio performance.
“The Forvis Mazars global private equity survey shows strong momentum in sectors where CEE already has rising traction, especially technology, energy and defence, highlighting the region’s growing strategic importance for investors. Across the CEE region, we’re also seeing a continued rise in the number of private equity funds, and despite a challenging fundraising environment, many have still succeeded in securing capital.”
- Pere Mioč, Partner, Tax advisory, Forvis Mazars in Adria region |
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Private equity solutions at Forvis Mazars
We work with private equity firms across the full investment lifecycle, helping them unlock value from acquisition through to exit. Our team provides tailored support for due diligence, value creation, audit, tax and fund management, helping fast-moving, growth-focused businesses achieve their goals. With deep sector expertise and global reach, we guide clients through complex challenges such as regulatory change and operational transformation. By combining technical knowledge with commercial insight, we help firms unlock value, optimise performance and navigate transactions with confidence.
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Explore moreOur experts
Andrija Garofulić Partner, Financial Advisory - Zagreb
Pere Mioč Partner, Tax Advisory - Zagreb
