Explore Our Private Wealth Solutions
2026 Global Private Wealth Survey
IN FOCUS
Knowledge Gaps
Client Interest
Overview
Portfolio Allocation
Wealth professionals worldwide recognize the growing value of private markets — and they’re taking action. See key insights from 390 wealth professionals across the globe.
The Hamilton Lane survey of 390 global private wealth professionals was conducted October 23-Nov 4th, 2025 (Wakefield Research).
This year’s survey group differs from prior years, reflecting a change in administration and methodology. See details.
All quotes are from survey respondents and may not be representative of the experience of others. There is no guarantee of future performance or success.
Plan to increase private market allocations
“Offering private market access has improved my reputation as a forward-thinking advisor. It demonstrates to clients that I am proactive in seeking creative investing alternatives.”
“Venture capital funds [can] get clients into high-growth companies long before those firms go public.”
86% Yes
Average allocation within the private markets portion of client portfolios
Which investment strategies do you plan to increase and decrease in 2026?
44%
36%
43%
46%
47%
21%
37%
32%
31%
8%
Decrease
Increase
Private Equity
Private Credit
Private Real Estate
Private Infrastructure
Venture Capital & Growth
Venture and infrastructure are poised for growth
Most wealth professionals allocate across
a broad mix of strategies
Do you plan to increase private market allocations in 2026?
Why do you plan to increase allocations to private markets in 2026? Select all.
41% Market volatility
45% Availability of suitable products
46% Client demand
48% Competitive positioning
59% Portfolio optimization
PORTFOLIO ALLOCATION
Investment Trends in Private Markets
CLIENT INTEREST
Who's Investing in Private Markets?
17% Risk is Higher
30% Reward is Higher
53% Risk and Reward are Similar
83% view private market risk as equal to or below public market levels
38% Private Credit
44% Infrastructure
49% Real Estate
51% Venture Capital & Growth
56% Private Equity
*Note: One percent of respondents saw no difference among generations.
Baby Boomers & Silent Generation
(over age 61)
Gen X
(ages 46-61)
Millenials
(ages 30-45)
Gen Z
(under age 30)
Performance
“I use private market funds to invest early in big future trends like tech and sustainability.”
How do your clients view the risk/reward of private markets compared to public markets?
Clients express confidence in private markets
Performance and diversification are top motivators
Which generation has shown the greatest increase in interest in private markets?*
Which private market strategies are most popular among new, highly-engaged investors?
Select all.
SURVEY METHODOLOGY
This year’s survey group differs from prior years, reflecting changes in both administration and methodology. The 2026 outlook survey was conducted by Wakefield Research (www.wakefieldresearch.com), and Hamilton Lane’s affiliation was not disclosed to respondents.
The survey included 390 global private wealth professionals across four regions: Americas, Asia, Europe, and the Middle East. Qualifying financial professionals included RIAs, broker-dealers, family offices, and wirehouses. A minimum AUM of $150 million was required in all markets, except in the UK where the minimum was $40 million.
The survey was fielded between October 23 and November 4, 2025, via email invitation and completed online.
Respondents received incentives for survey participation, consistent with best practices in opinion research. Incentives were provided for completing the survey, not for specific quotes or responses.
DISCLOSURES
The information contained in this presentation may include forward-looking statements regarding returns, performance, opinions, the fund presented or its portfolio companies, or other events contained herein. Forward-looking statements include a number of risks, uncertainties and other factors beyond our control, or the control of the fund or the portfolio companies, which may result in material differences in actual results, performance or other expectations. The opinions, estimates and analyses reflect our current judgment, which may change in the future.
This presentation is not an offer to sell, or a solicitation of any offer to buy, any security or to enter into any agreement with Hamilton Lane or any of its affiliates. Any such offering will be made only at your request. We do not intend that any public offering will be made by us at any time with respect to any potential transaction discussed in this presentation. Any offering or potential transaction will be made pursuant to separate documentation negotiated between us, which will supersede entirely the information contained herein.
The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.
KNOWLEDGE GAPS
The Value of Informed Clients
Learn More
Explore Our Private Wealth Solutions
1% Other
43% Underlying deals
44% Trends in specific sectors, such as private equity or infrastructure
56% Liquidity constraints
61% Current products available such as evergreen funds
No Noticeable Change
Moderately Decreased
Moderately
Increased
Significantly
Increased
Significantly Decreased
How do you educate clients on private markets?
What are the biggest knowledge gaps your clients have about private markets?
Select all.
How has providing education on private markets impacted your clients' interest?
Education sparks client interest
“Private market opportunities created more meaningful client conversations.”
Wealth professionals blend digital, in-person learning:
Explore Our Private Wealth Solutions
Global Private Wealth Survey
Overview
Portfolio Allocation
Client Interest
Knowledge Gaps
2026 Global
Private Wealth Survey
IN FOCUS
Plan to increase private market allocations
The Hamilton Lane survey of 390 global private wealth professionals was conducted October 23-Nov 4th, 2025 (Wakefield Research). This year’s survey group differs from prior years, reflecting a change in administration and methodology. See details.
All quotes are from survey respondents and may not be representative of the experience of others. There is no guarantee of future performance or success.
Wealth professionals worldwide recognize the growing value of private markets — and they’re taking action. See key insights from 390 wealth professionals across
the globe.
44%
36%
43%
46%
47%
21%
37%
32%
31%
8%
Decrease
Increase
Private Equity
Private Credit
Private Real Estate
Private Infrastructure
Venture Capital & Growth
Which investment strategies do you plan to increase and decrease in 2026?
Venture and infrastructure are poised for growth
Average allocation within the private markets portion of client portfolios
Most wealth professionals allocate across a broad mix
of strategies
“Venture capital funds [can] get clients into high-growth companies long before those firms go public.”
“Offering private market access has improved my reputation as a forward-thinking advisor. It demonstrates to clients that I am proactive in seeking creative investing alternatives.”
41% Market volatility
45% Availability of suitable products
46% Client demand
48% Competitive positioning
59% Portfolio optimization
Why do you plan to increase allocations to private markets in 2026? Select all.
86% Yes
Do you plan to increase private market allocations in 2026?
PORTFOLIO ALLOCATION
Investment Trends in
Private Markets
17% Risk is Higher
30% Reward is Higher
53% Risk and Reward are Similar
83% view private market risk as equal to or below public market levels
How do your clients view the risk/reward of private markets compared to public markets?
Clients express confidence in private markets
Performance
Performance and diversification are top motivators
“I use private market funds to invest early in big future trends like tech and sustainability.”
38% Private Credit
44% Infrastructure
49% Real Estate
51% Venture Capital & Growth
56% Private Equity
Which private market strategies are most popular among new, highly-engaged investors? Select all.
Baby Boomers & Silent Generation
(over age 61)
Gen X
(ages 46-61)
Millenials
(ages 30-45)
Gen Z
(under age 30)
Do you plan to increase private market allocations in 2026?
CLIENT INTEREST
Who's Investing in Private Markets?
Learn More
Explore Our Private Wealth Solutions
SURVEY METHODOLOGY
This year’s survey group differs from prior years, reflecting changes in both administration and methodology. The 2026 outlook survey was conducted by Wakefield Research (www.wakefieldresearch.com), and Hamilton Lane’s affiliation was not disclosed to respondents.
The survey included 390 global private wealth professionals across four regions: Americas, Asia, Europe, and the Middle East. Qualifying financial professionals included RIAs, broker-dealers, family offices, and wirehouses. A minimum AUM of $150 million was required in all markets, except in the UK where the minimum was $40 million.
The survey was fielded between October 23 and November 4, 2025, via email invitation and completed online.
Respondents received incentives for survey participation, consistent with best practices in opinion research. Incentives were provided for completing the survey, not for specific quotes or responses.
DISCLOSURES
The information contained in this presentation may include forward-looking statements regarding returns, performance, opinions, the fund presented or its portfolio companies, or other events contained herein. Forward-looking statements include a number of risks, uncertainties and other factors beyond our control, or the control of the fund or the portfolio companies, which may result in material differences in actual results, performance or other expectations. The opinions, estimates and analyses reflect our current judgment, which may change in the future.
This presentation is not an offer to sell, or a solicitation of any offer to buy, any security or to enter into any agreement with Hamilton Lane or any of its affiliates. Any such offering will be made only at your request. We do not intend that any public offering will be made by us at any time with respect to any potential transaction discussed in this presentation. Any offering or potential transaction will be made pursuant to separate documentation negotiated between us, which will supersede entirely the information contained herein.
The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.
In-person events or workshops
Third-party materials
(e.g., from fund providers)
One-on-one sessions
Digital resources
(e.g., videos, articles, apps)
Webinars or group seminars
How do you educate clients on private markets?
Wealth professionals blend digital, in-person learning:
“Private market opportunities created more meaningful client conversations.”
1% Other
43% Underlying deals
44% Trends in specific sectors, such as private equity or infrastructure
56% Liquidity constraints
61% Current products available such as evergreen funds
What are the biggest knowledge gaps your clients have about private markets?
Select all.
No Noticeable Change
Moderately Decreased
Moderately
Increased
Significantly
Increased
Significantly Decreased
How has providing education on private markets impacted your clients' interest?
Education sparks client interest
KNOWLEDGE GAPS
The Value of
Informed Clients
