The recent regulatory innovations have increased the popularity of private markets, shifting them from a niche allocation to an increasingly relevant component of investors’ portfolios.
While the market context continues to evolve, we maintain that private markets remain an attractive source of diversification*.
Indeed, the current backdrop of resilient yet multi‑speed growth is favourable for these asset classes, although it requires selectivity.
Drawing on extensive industry knowledge and strong track record, at Amundi we provide clients with access to a broad range of investment solutions spanning infrastructure, private debt, private equity and real estate.
Main themes to watch for private markets investors
1. While greater selectivity is needed, private assets remain a powerful diversification tool.
2. Infrastructure is our high conviction theme with strong tailwinds – digitalization, renewables, energy security.
3. Private equity is gradually recovering - cheaper valuations, improving deal activity, and continued operational value creation.
4. Private debt remains a core allocation; recent issues are manageable and should ultimately set a cleaner path.
5. Real estate is selectively bottoming up and most of the repricing is likely behind us.
10 themes for private assets in 2026
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* Diversification does not guarantee a profit or protect against a loss.
Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 23 March 2026. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
Date of first use: 23 March 2026
Doc ID: 5321366