A dBB Global & PARTNERS Leadership Perspective | 2026 From recovery to re-definition Private markets are no longer “rebounding”. They are re-forming . After several years defined by volatility, valuation resets and constrained liquidity, 2026 marks a quieter but more consequential shift: private capital is becoming structurally more complex, more operational and more intentional . At dBB Global & PARTNERS, we see this not as a cyclical turning point, but as a permanent change