The Changing Face of Capital

Following our June 2026 event, The Changing Face of Capital is a thought leadership series exploring the key themes reshaping private markets today. Drawing on insights from investors, asset managers and other market participants, our CMS experts examine the trends influencing how capital is raised, structured and deployed in an increasingly sophisticated market environment.

Over the coming months, the series will explore:

• The growing importance of specialist platforms and thematic investment strategies.
• The rise of increasingly influential "super investors" and their impact on fund structures, governance, and negotiations.
• The ongoing challenge of liquidity and the evolution of fund and secondary market solutions.
• The expansion of private wealth and retail participation in private markets, and the opportunities and challenges this presents.

While each article focuses on a distinct theme, a common thread runs throughout: private markets are becoming more segmented, with scale, specialisation and structural sophistication increasingly shaping competitive advantage and long-term success. 

Check back regularly as new articles are added to the series, and explore the latest insights from our Private Capital and Funds specialists.