摩根大通：2026年全球另类投资展望报告：公私融合新纪元（第八版）（英文版）

Private markets have grown rapidly over the past decade, with assets under management now exceeding USD20 trillion globally. This expansion has been driven by a profound structural shift in global capital markets: Companies that once depended on public markets for growth can now access vast pools of private capital through venture capital, growth equity and buyouts. The journey from startup to maturity is increasingly taking place in the private sphere, and businesses can remain private for l