Private markets are coming into focus
Better data, common standards and advancing technology are giving investors tools to see private markets — and act on what they find — with a precision that wasn't possible before.
Our upcoming report examines five forces reshaping private markets in 2026 — from stress in private credit and an ongoing liquidity drought changing how GPs return cash to investors, to the tie between AI and private capital, the rise of evergreen funds and what a total-portfolio lens reveals that asset-class-specific analysis misses.
AI is reshaping private markets. Most investors don't yet know how much exposure they have.
AI-related assets now account for roughly 16% of global private equity — and the physical infrastructure required to support that build-out is only beginning to take shape.
Evergreen funds have arrived. The hard questions are arriving with them.
Evergreen funds have outperformed closed-end peers across private equity, credit and real estate. But the questions about valuation quality and redemption management are no longer theoretical — and the industry is still working out the answers.
Net asset value (USD billion)
Building for what's nextAccess our State of Private Markets 2026
Private Credit Deserves a Daily Performance View
Investors trying to manage private-credit portfolios and assess risk have been handcuffed by quarterly, lagged benchmarks. The MSCI All Country Private Credit Index may help unlock fresh insights.
The Ascendance of Evergreen Funds
The rise of semi-liquid vehicles comes bundled with challenges for GPs, asset owners, wealth investors and regulators. MSCI US Evergreen Fund Monthly Indexes show the performance so far.
Discover MSCI Private Assets
Private markets are evolving fast. What’s needed now isn’t just data but a modern toolkit that connects, clarifies and leverages independent insight to drive more informed investment decisions.
Data-center and private-credit loan data as of Q3 2025. Source: MSCI.
Evergreen-fund data as of Q4 2025. Source: U.S. Securities and Exchange Commission, MSCI.