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Alternatives 2026 Outlook  •  16-Dec-2025

Private Equity 2026 Outlook 

Morgan Stanley Private Equity Asia, Morgan Stanley Capital Partners, Morgan Stanley Energy Partners, Morgan Stanley Private Equity Solutions Team, Morgan Stanley Expansion Capital
We believe the present cycle has several more years to run, leading to healthier exits and distributions to PE investors. Learn why in our 2026 Private Equity outlook.

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alternatives-2026-outlook page
Alternatives 2026 Outlook  •  16-Dec-2025

Private Credit 2026 Outlook 

Morgan Stanley Tactical Value, AIP Alternative Lending Group, Morgan Stanley Expansion Capital
We expect new deal demand and a large refinancing wave to gradually overtake private credit supply allowing lenders to preserve discipline, strengthen terms, and capture the illiquidity premium to public markets. Learn why in our 2026 Private Credit outlook.

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