After several years marked by a rapid rise in interest rates and a sharp slowdown in liquidity, 2026 opens a new cycle for private markets. A cycle that is less euphoric than that of 2021, but healthier, clearer, and more supportive of long-term value creation. This edition of Private Markets Square provides a concise and practical overview tailored to wealth management professionals.

AirFund, a leading fintech dedicated to private markets, is proud to announce that it has won the 2025 Coupole de l’Audace in the category "Best Non-Listed Asset Distribution Platform". This prestigious award recognizes innovation and excellence in the distribution of private investment funds, confirming AirFund’s position as a key player in the Private Markets sector.