U.S. Alternative Investment Manager Ratings Stable Despite Challenging 2026
Click here to learn more.
Fitch Ratings expects the credit profiles of rated alternative investment managers (alt IMs) to remain stable despite a difficult backdrop. Rated alt IMs benefit from investor consolidation, as periods of uncertainty increase demand for scaled, multi-strategy platforms.
Fitch anticipates a challenging investment environment for alt IMs in 2026, marked by stretched valuations, abundant capital, sticky inflation, U.S. trade policy uncertainty, and geopolitical risks. However, a healthier M&A landscape should boost deal activity and enable private equity exits, reactivating the capital flywheel.
Latest news
Rate hike expectations ease as term SOFR curve flattens
The CME six-month Term SOFR rate reached a recent high of 3.979% on July 28 before retreating to 3.837% as…
3Q26: New loan assets rise to 44% of total lending, a 3-year high
New loan assets as a proportion of total US loan volume make up 44% of the 3Q26 pipeline to date,…
North American GPs dominant as fundraising accelerates
Our PEI Private Credit 200 ranking also shows capital raising increasing overall – and accelerating especially fast for the largest…