How individual investors in private markets are allocating through slow exits, sticky inflation and AI disruption.

The annual Moonfare Investor Survey 2026 collected responses from over 300 private markets investors on the Moonfare platform between June and September 2026.

Their views matter more than ever. Private wealth is becoming one of the most important sources of capital in private markets and the industry is paying close attention to how private investors are positioning.

Key survey takeaways:

Investors keep backing private markets.

Individual allocators expect private markets to beat public markets. This is a view matched by deployment: four out of five made new allocations in the past year, despite slower distributions from existing holdings.

Hungry for cash returns, but not at a discount.

Only a small minority would readily sell existing positions at a discount for immediate liquidity. Still, nearly three quarters say distributions from existing investments are a factor before they commit more capital.

AI is where most investors are looking for opportunities.

Strategy preference for growth and VC investment nearly doubled in one year, from 26% to 46%. AI leads sector conviction, yet the majority of respondents also expect AI to significantly disrupt traditional software.

Geopolitics and inflation are top worries, again.

Geopolitics now tops investors’ macro concerns, followed by inflation and tariffs . Conflict-driven energy price hikes are keeping inflation sticky, which in turn is keeping interest rates higher for longer.

Download the full report for more on the macro outlook, confidence in private credit, evergreen adoption and how investors see AI in their portfolios.

Important notice: This content is for informational purposes only. Moonfare does not provide investment advice. You should not construe any information or other material provided as legal, tax, investment, financial, or other advice. If you are unsure about anything, you should seek financial advice from an authorised advisor. Past performance is not a reliable guide to future returns. Don’t invest unless you’re prepared to lose all the money you invest. Private equity is a high-risk investment and you are unlikely to be protected if something goes wrong. Subject to eligibility. Please see https://www.moonfare.com/disclaimers.