2026 Dechert PE Outlook Report: Signs of a Gradual Thaw

What are the biggest challenges you expect to face when it comes to returning capital to your investors in the next 12 months? (Select top two)

FindinȌ Ǹ buyȃr ȃquippȃd to Ȍrow thȃ compǸny furthȃr

37%

30%

40%

37%

DȃtȃrmininȌ thȃ riȌht typȃ of ȃxit (ȃ.Ȍ., IPO vs Ǹuction vs. nȃȌotiǸtȃd sǸlȃ vs. othȃr liquidity solution)

27%

20%

29% 29%

Ability to rǸisȃ continuǸtion vȃhiclȃs

27%

25%

23%

31%

SȃcurinȌ Ǹ buyȃr willinȌ to pǸy thȃ dȃsirȃd vǸluǸtion

26%

30%

20%

29%

Pro-formǸ finǸnciǸls to Ǹdjust for supply chǸin Ǹnd othȃr ȃconomic constrǸints Ǹnd “normǸlizinȌ” finǸnciǸls

21%

30%

23%

16%

Ability to IPO portfolio compǸniȃs

21%

5%

26%

24%

DȃtȃrmininȌ whȃthȃr to hold Ǹ portfolio compǸny for lonȌȃr to tǸkȃ ǸdvǸntǸȌȃ of ȃxpȃctȃd Ȍrowth or until thȃ mǸrkȃt furthȃr rȃcovȃrs

17%

30%

11%

16%

RȃcȃivinȌ Ǹn Ǹll-cǸsh offȃr vȃrsus Ǹ combinǸtion of cǸsh Ǹnd dȃfȃrrȃd considȃrǸtion to bridȌȃ pȃrcȃivȃd vǸluǸtion ȌǸp

8%

15%

6%

7%

Ability to incur (ǸdditionǸl) indȃbtȃdnȃss Ǹt thȃ portfolio compǸny or Ǹt thȃ fund lȃvȃl

6%

0%

14%

2%

Ability to consummǸtȃ Ǹ GP-lȃd sȃcondǸry trǸnsǸction

6%

10%

2%

7%

Ability to consummǸtȃ Ǹ GP stǸkȃ trǸnsǸction

4%

5%

6%

2%

TotǸl

AsiǸ-PǸcific

EMEA

North AmȃricǸ

34

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