The most successful alternative asset managers will be transparent, connected, and efficient. This new research confirms that most firms are not there yet.
While private capital leaders overwhelmingly believe their data is extremely valuable, the majority admit their firms operate with low data maturity, fragmented systems, heavy Excel dependence, and limited AI readiness.
Based on interviews with 102 private equity, private credit, and venture capital firms across the U.S., Canada, UK, and Benelux, this study uncovers the operational and technology decisions that are shaping 2026 and beyond.
The 2026 GP Outlook Report examines how general partners (GPs) are adapting to increasing operational complexity, rising LP expectations, and accelerating technology innovation. From AI adoption to fundraising strategy, this research highlights the structural changes reshaping private markets.
As private equity, private credit, and venture capital firms compete for capital and performance differentiation, operational maturity is emerging as a defining advantage.
“We spend far too much time on manual processes that should be automated. Once data is organized, the real opportunities for AI and machine learning begin.”
– GP Respondent
Note: The respondent quote has been cleaned up slightly while retaining original meaning.
GP Survey Key Findings
Fundraising and Technology Priorities in 2026
The survey shows that fundraising and advanced technology investment are the top priorities for alternative asset managers entering 2026. Firms recognize that modern infrastructure and scalable systems are critical to improving LP transparency and operational efficiency.
Data Maturity as a Performance Differentiator
Firms with higher data maturity and AI adoption report stronger operational outcomes and improved performance visibility. Data maturity — defined as the ability to centralize, standardize, and leverage data across systems — is increasingly linked to financial results.
The Challenge of Fragmented Systems and Excel Dependency
Despite recognizing the value of data, many GPs continue to rely on fragmented systems and manual Excel-based workflows. System integration gaps remain a primary obstacle to automation and AI readiness.
AI Adoption: Barriers and Opportunities
While AI is gaining traction in private markets, adoption remains constrained by inconsistent data structures, integration challenges, and limited internal expertise.
Rising Demand for Benchmark Data
GPs increasingly rely on benchmark data to evaluate fund performance, strengthen LP reporting, and improve strategic decision-making.
Download the Full 2026 Outlook Report
Access comprehensive survey data, regional breakdowns, and in-depth analysis of AI adoption, fundraising trends, and operational transformation in private markets.
