Deal Flow Monitor: H1 2026

Geopolitical uncertainties do not appear to have derailed private capital activity, with deal-making momentum in H1 2026 positioning private markets for strong full-year totals

• Based on H1 2026 data, private equity and VC are both on track to exceed 2025 full-year aggregate deal value

• Buy-and-build transactions accounted for more than half of global private equity deal count in H1; growth in add-ons’ share of deal count is particularly pronounced in financial and insurance services

• VC deal value remains heavily concentrated in North America’s AI landscape, while APAC’s growing share of deal volume highlights continued investor appetite for seed and early-stage opportunities