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The year 2025 was a relatively subdued one for private markets. While the new administration in the US and subsequent economic and trade policies reined in dealmaking and other activities around the world, there were some bright spots, including fundraising for private equity, secondaries activities, infrastructure, and venture capital for the AI boom. In this session, institutional investors and asset managers will discuss their private-markets outlook for 2026, which asset classes they are focused on, and how to work together to achieve both investment and strategic objectives over the long term.