Private Equity in Transition: Liquidity, Risk, and the Next Phase of Growth

Private equity continues to play a central role in institutional portfolios, but higher interest rates, slower exits, and valuation pressure are reshaping investment strategies. General partners and limited partners are adapting through secondaries, continuation vehicles, new approaches to liquidity and portfolio construction, and growing allocations to infrastructure and the energy transition. As demand accelerates for digital infrastructure, power generation, grid modernization, and decarbonization solutions, private capital is playing an increasingly important role in financing the next phase of global growth. How is private equity adapting to today’s market environment? Which strategies and sectors are creating the greatest opportunity? And what will drive long-term value creation across global private markets?