Market Insights

The Q2 2026 Global Unicorn Tracker provides a comprehensive analysis of VC-backed companies valued at $1 billion or more, covering deal activity, valuations, exits, and the PitchBook Business Quality framework and offering perspective on the biggest trends shaping the unicorn landscape.

This analyst note argues that pricing AI models by completed tasks rather than token cost reveals a different competitive picture, with implications for buyers and providers.

This analyst note examines OpenAI’s IPO delay as a valuation signal, and its implications for Anthropic’s IPO timing and the broader AI IPO pipeline.

Our Global Markets Snapshot tracks monthly trends in equity, debt, and commodities markets as well as major private market deals, fundraising, IPO performance, lending volume, and unicorn creation.

The Q2 2026 Construction & Engineering Report provides in-depth analysis of industry trends and evolving PE investment strategies, including deals data and maps of key PE-backed companies and investors.

This analyst note explores why most of the over 24,000 APAC companies funded during the 2020 to 2021 VC boom remain active and private—but stuck. We track the boom-era cohort through the market reset.

This analyst note explores how AI-driven private valuation inflation and widening public-private pricing gaps have structurally shifted when and why VC-backed companies go public.

The US Leveraged Loan Index Monthly Wrap captures the dynamics of the primary and secondary leveraged loan markets. Commentary and data include detailed analysis of Morningstar LSTA US Leveraged Loan Index returns and pricing trends. Institutional loan issuance, maturity wall breakdowns, market supply/demand dynamics, market flex data, returns by asset class and outperforming and underperforming credits are among the topics discussed.

The Global CLO Weekly Wrap combines breaking commentary with the latest CLO and loan data for the US and European markets. Data includes individual deal details as well as broad market volume and spreads, divided by coupon, deal type and ratings. All charts and underlying data are provided in a corresponding data pack.

The Q2 2026 Aerospace & Defense Report provides in-depth analysis of industry trends and evolving PE investment strategies, including deals data and maps of key PE-backed companies and investors.

The Q2 2026 Pharma Services Report provides in-depth analysis of industry trends and evolving PE investment strategies, including deals data and maps of key PE-backed companies and investors.

The Q2 2026 Chips & Datacenters Report provides an analysis of recent VC activity and includes a link to our proprietary market map of leading VC-backed companies in the space.

The Q2 2026 Robotics & Physical AI Report provides an analysis of recent VC activity and includes a link to our proprietary market map of leading VC-backed companies in the space.

The Private Capital Return Barometers provide a data-driven, factor-based assessment of US private market fund performance, offering timely estimates of quarterly returns and insights into market conditions across asset classes.

The Q3 2026 Quantitative Perspectives: US Market Insights report examines how private capital markets are navigating macro volatility and persistent liquidity constraints.

This analyst note examines why M&A, rather than IPOs, is emerging as the primary exit path for AI startups and what this shift means for acquirer dynamics, VC fund returns, and capital concentration.

This analyst note examines private capital opportunity in obesity therapeutics as first-generation GLP-1 assets mature and investment shifts toward next-generation biological mechanisms.

The Q2 2026 European VC Valuations Report delves into the sizes and valuations of European venture deals.

This analyst note examines Europe’s IPO recovery in 2026, noting favorable market conditions alongside a shrinking pipeline of high-quality listing candidates.

This analyst note explores why most of the over 24,000 APAC companies funded during the 2020 to 2021 VC boom remain active and private—but stuck. We track the boom-era cohort through the market reset.

The H1 2026 APAC Private Capital Breakdown examines the region’s PE and VC markets in Greater China, India, Japan, South Korea, Australia & New Zealand, and Southeast Asia.

A steady stream of retail redemptions is hamstringing large direct lenders, creating an opening for banks and the broadly syndicated market.

The CEO of the $60B investment firm, Steven Klinsky, discusses distributions, the secondary market and what non-cyclical investing looks like today.

With investors wary of debt-servicing hiccups as rates rise, strong earnings were a salve for key coverage ratios.

The firm’s largest non-traded business development company opted to restrict withdrawals to its 5% cap.

Breaking down the wearable maker’s S-1.

Global quantum computing is hitting records as chip deals retreat.

The head of European PE investments at Schroders Capital discusses why buy-and-build is doing double duty in a slow exit market, and why AI adoption is still more talk than action.

The $204.8B Australian pension will deploy $500M of its private credit fund in Asia

Several European funds have closed or launched to back female founders, who are currently experiencing a surge in investment.

The Luxembourg-based firm’s latest vehicle is almost double the size of its predecessor.