Global Markets
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We leverage proprietary research and collaborate with investment teams across New York Life Investment Management to offer timely answers to the questions facing investors today in key areas:
Chart of the Week: Private Markets Outlook: Resilience in an Evolving Landscape
WEEK OF September 13, 2026
Throughout the first half of 2026, private markets have shown resilience amid rising macroeconomic crosscurrents. In this week’s note, we review the key takeaways from our semi-annual private markets outlook Resilience in an Evolving Landscape.
Read Macro Pulse Report: Dog Days, Data Shifts
Private Markets Outlook: Resilience in an Evolving Landscape
Private markets remain resilient, but the path to outperformance is narrowing. Julia Hermann and Sarah Hirsch discuss the latest Private Markets Outlook and why selectivity, liquidity, and structural demand matter for investors.
Macro Pulse: The Long End Takes the Wheel
Higher long-term yields are reshaping the market backdrop, but strong earnings, continued AI investment, and U.S. economic advantages remain supportive for risk assets. Michael LoGalbo, CFA explores these dynamics, and why a more volatile rates environment calls for greater selectivity.
Private Markets Outlook: Resilience in an Evolving Landscape
Macro Pulse: The Long End Takes the Wheel
2025 | Trust or Bust: The Next Era of Global Debt Sustainability
The choices governments make will shape long-term capital markets assumptions around inflation, interest rates, and potential growth; and will influence asset allocation.
A global debt sustainability framework:
Private Markets
Navigate the next phase of global private markets
Key investor questions:
- How does an extended but maturing private markets cycle change where investors should be selective across private equity, private credit, real estate, and real assets?
- Where are the most compelling opportunities as policy support, easing financial conditions, and elevated long-term rates reshape valuations, deal activity, and underwriting discipline?
- How are global transitions such as AI, digitization, electrification, and supply chain reconfiguration creating long-term, capital-intensive opportunities across private markets?
Prospective investors should be aware that investments in private funds or alternative investment strategies are suitable only for qualified investors who do not require liquidity and who can bear the economic risk, including the potential for a complete loss, of their investment. Investors are encouraged to consult their tax or legal advisors before making such investments.
Video: Private Markets Outlook - Extending the Cycle
About Global Market Strategy
Our team of market strategists connects macroeconomics to asset allocation. We provide actionable insight into market-driving events, structural themes, and portfolio construction to empower investment decision-making.
Lauren Goodwin, CFA
Chief Market Strategist
Julia Hermann, CFA
Global Market Strategist
Michael LoGalbo, CFA
Global Market Strategist
Sarah Hirsch
Global Market Strategist
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