[ Skip to Content ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets#skipToContent) [ Skip to Menu ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets#skipToMenu) [ Skip to Footer ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets#skipToFooter) ![Capital Markets](https://spglobal.scene7.com/is/image/spglobalcom/corp_0417_capitalmarketsbanner?$responsive$) Topics * [ Private Markets ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets/private-markets) * [ Digital Assets ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets/digital-assets) * [ Banking ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets/banking) * [ Credit Markets ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets/credit-markets) * [ Insurance ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets/insurance) * [ Real Estate ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets/real-estate) * [ Market Dynamics ](https://www.spglobal.com/en/research-insights/market-insights/capital-markets/market-dynamics) **Private markets, digital assets, and traditional sectors like banking, credit, and real estate are evolving** amid higher-for-longer interest rates, regulatory shifts, and rapid technological change, with volatility and geopolitical risk continuing to reshape opportunities across global markets. ## Special Reports [![The AI and labor landscape 2026: Increased investment, persistent productivity gains and a recalibrated employment outlook](https://spglobal.scene7.com/is/image/spglobalcom/spg-black%20and%20white-monochrome-workspace-desk-focus?$responsive$) S&P Global - Special Reports The AI and labor landscape 2026: Increased investment, persistent productivity gains and a recalibrated employment outlook S&P Global PMI data reveals AI's net negative employment impact in 2026. Explore workforce displacement trends, adoption rates and the jobs outlook. ](https://www.spglobal.com/en/research-insights/special-reports/ai-impact-on-employment-2026) [![Bitcoin Volatility Trends: A Deep Dive into Market Dynamics and Risk](https://spglobal.scene7.com/is/image/spglobalcom/corp_0301_BitcoinVolatilityTrends?$responsive$) S&P Global - Special Reports Bitcoin Volatility Trends: A Deep Dive into Market Dynamics and Risk Bitcoin’s volatility is easing but remains high, with deeper integration into traditional finance introducing new risks. ](https://www.spglobal.com/en/research-insights/special-reports/bitcoin-volatility-trends-deep-dive) [![Optimism grows as capital flows, but what if AI promises fade?](https://spglobal.scene7.com/is/image/spglobalcom/corp_1120_CapitalFlows?$responsive$) S&P Global - Special Reports Optimism grows as capital flows, but what if AI promises fade? Effective data center risk assessment and data center risk management will be crucial in navigating potential challenges if AI promises fade. Read now. ](https://www.spglobal.com/en/research-insights/special-reports/look-forward/data-center-frontiers/data-center-risk-if-ai-promises-fade) [![The role of multilateral lending institutions in accelerating capital market development in Africa](https://spglobal.scene7.com/is/image/spglobalcom/corp_1022_lookforwardafricamlis?$responsive$) S&P Global - Special Reports The role of multilateral lending institutions in accelerating capital market development in Africa Learn about the untapped potential of Africa’s capital markets and discover how multilateral lending institutions are reshaping the financial landscape. ](https://www.spglobal.com/en/research-insights/special-reports/look-forward/unlocking-africa/multilateral-lending-institutions-capital-market-development-africa) [ Explore All Reports ](https://www.spglobal.com/content/spglobal/corporate/us/en/research-insights/special-reports#AllReports) ## Latest Research [ S&P Global Ratings | Articles Sep 14, 2026 This Week In Credit: Fallen Angels And Rising Stars In Focus (Sept. 14, 2026) Positive rating actions slightly outpaced negative ones last week, yet downgrades increased to seven from three the previous week. Consumer products led downgrades, including both fallen angels.The two fallen angels increased the year-to-date total to 13, higher than the 10 recorded at the same point last year. Both were U.S.-based companies, we lowered our ratings on both companies to 'BB+' from 'BBB-': Flowers Foods Inc. on weak operating performance, and Leggett & Platt Inc. on its acquisition by Somnigroup International Inc.There were two rising stars last week, bringing the year-to-date total to 19. We raised our ratings on both issuers to 'BBB-': Teva Pharmaceutical Industries Ltd. on expected deleveraging, and QazaqGaz NC JSC, following Kazakhstan's sovereign upgrade. ](https://www.spglobal.com/ratings/en/regulatory/article/this-week-in-credit-fallen-angels-and-rising-stars-in-focus-sept-14-2026-s101706566) * * * [ S&P Global Ratings | Articles Sep 14, 2026 Sector Review: Systemic Risk: European Banks' Structured Exposure To Nonbank Financial Institutions Is Contained This report does not constitute a rating action. The steady rise of nonbank credit providers in Europe has turned banks into essential liquidity providers for the nonbank sector. While this shift allows banks to support the nonbank sector through highly structured, low-risk loans, it introduces operational complexity. This complexity, combined with the material scale of the nonbank financing industry, can lead to substantial losses for banks. Billion-dollar write-downs involving U.S. firms TriColor and First Brands and the insolvency of U.K. bridge lender MFS revealed banks' exposure to nonbanks. They also served as a reminder that such events, though rare and idiosyncratic in nature, can impair earnings and credit performance, even if they have not affected ratings yet. In this report, ](https://www.spglobal.com/ratings/en/regulatory/article/sector-review-systemic-risk-european-banks-structured-exposure-to-nonbank-financial-institutions-is-contained-s101695260) * * * [ S&P Global Ratings | Articles Sep 10, 2026 Credit Trends: U.S. Corporate Bond Yields As Of Sept. 9, 2026 This report does not constitute a rating action. Chart 1 Chart 2 Chart 3 Chart 4 Chart 5 Chart 6 ](https://www.spglobal.com/ratings/en/regulatory/article/credit-trends-us-corporate-bond-yields-as-of-sept-9-2026-s101706105) * * * [ S&P Global Ratings | Articles Sep 10, 2026 Sector Review: Europe's Wealth Managers Eye Their Next Growth Phase This report does not constitute a rating action. Europe’s independent wealth managers have become an important pillar of the continent's financial ecosystem, yet still have significant room for expansion. Assets under management on independent wealth platforms pushed $2 trillion across major European economies in 2025. This wealth represents about 5% of these economies' total financial assets, or 10%-15% of their total household pension and life insurance wealth (see chart 1). Clients seeking independent financial advice are often older individuals who have small pots of wealth but need to know how best to accumulate and decumulate it or transfer it across generations. Independent wealth managers therefore have a significant opportunity to mobilize Europe's household wealth and help fund its aging populations. ](https://www.spglobal.com/ratings/en/regulatory/article/sector-review-europes-wealth-managers-eye-their-next-growth-phase-s101700331) * * * [ S&P Global Ratings | Articles Sep 09, 2026 The Ratings View: Sep. 9, 2026 In this week's summary of ratings views: Hyperscalers’ credit quality is gradually weakening. Developed-market opposition to data centers is adding to an emerging-markets boom. Europe is playing a role in the AI boom as a manufacturer of intermediate goods. ](https://www.spglobal.com/ratings/en/regulatory/article/the-ratings-view-sep-9-2026-s101705975) * * * ## Latest Capital Markets Podcasts [ Capital Markets Conversation - S&P Global Market Intelligence Aug 27, 2026 Capital Markets Conversation | Season 1 | Ep.6 - Redefining the Edge: Private Equity’s New Playbook For years, the bond market relied on manual spreadsheets and line-by-line pricing. Today, nearly 12% of all U.S. investment-grade corporate bond volume is executed through portfolio trading. How did we get here, and where is this technology taking the markets next? In this episode, Carl James and Chris Fenske explore the emergence, implementation, and rapid rise of portfolio trading. They unpack the technological stepping stones from the electronification of markets to advanced evaluated pricing that have made high-velocity, algorithmic execution a reality. ](https://www.spglobal.com/market-intelligence/en/news-insights/podcasts/capital-markets-connect/capital-markets-conversation-season-1-ep-6-redefining-the-edge-private-equitys-new-playbook) [ Look Forward - S&P Global Aug 17, 2026 Look Forward | Episode 37: Pressure Points: Liquidity, Complexity, and the Rise of Private Credit Private credit has grown from a post-financial-crisis gap-filler into a roughly $2 trillion market — and with investor redemptions and AI disruption fears making headlines, it's facing fresh scrutiny. Host Molly Mintz is joined by S&P Global Ratings' Matthew Mitchell, Managing Director for Structured Finance, and Evan Gunter, Managing Director and Head of Private Markets Research, to unpack where the real pressure points lie. ](https://www.spglobal.com/en/research-insights/podcasts/look-forward/pressure-points-liquidity-complexity-and-the-rise-of-private-credit) [ Private Markets 360 - S&P Global Market Intelligence Aug 12, 2026 Private Markets 360° | Episode 49: Navigating Global Private Markets and Evergreen Opportunities In this episode of Private Markets 360°, we welcome Peter Aliprantis, Partner and Head of Private Wealth Americas at EQT. Peter discusses EQT’s global growth, its locals with locals investment approach, and the acquisition of Coller Capital to expand its secondaries platform. He also explores the shift from public to private markets, the rise of evergreen structures, and how AI, data centers, and energy infrastructure are shaping long-term opportunities. ](https://www.spglobal.com/market-intelligence/en/news-insights/podcasts/private-markets-360/private-markets-360-episode-49-navigating-global-private-markets-and-evergreen-opportunities) [ Private Markets 360 - S&P Global Market Intelligence Jul 23, 2026 Private Markets 360° | Episode 48 (Video): Unpacking the State of the Market With David Hedalen from Aviva Investors In this episode of Private Markets 360°, we welcome David Hedalen, Head of Private Markets Strategy & Research at Aviva Investors. David discusses how his team approaches research across the private markets landscape, using proprietary and third-party data to inform investment decisions, portfolio construction, and regional views, with a focus on European markets. He explores Aviva’s “insurance-backed buy-and-maintain” strategy for private debt, the growing importance of transparency for investors, and key findings from Aviva’s private markets survey of 500 institutional investors. David also examines the rise of evergreen funds for DC investors and how infrastructure is evolving as it increasingly overlaps with real estate. ](https://www.spglobal.com/market-intelligence/en/news-insights/podcasts/private-markets-360/private-markets-360-episode-48-unpacking-the-state-of-the-market) [ S&P Global Jul 23, 2026 UBS: Inside The Exclusive World Of Billionaires In this episode, Joseph speaks with Mark Haefele, Chief Investment Officer at UBS, about what truly separates lasting wealth from wealth that gets eroded, across investing, family dynamics, and generational planning. They explore why inheritance planning can be the hardest financial puzzle wealthy families face, how billionaires think about keeping families aligned, and what happens when emotions, identity, and “behavioral noise” run the portfolio instead of a clear plan. ](https://www.spglobal.com/en/research-insights/podcasts/leaders/ubs-inside-the-exclusive-world-of-billionaires) [ Private Markets 360 - S&P Global Market Intelligence Jun 29, 2026 Private Markets 360 | Episode 46: NAV Finance Demystified: How Strategic Capital is Shaping Private Equity In this episode of Private Markets 360°, we welcome Dane Graham, Partner at 17Capital. With nearly 25 years of finance experience, including senior roles at RBC Capital Markets and Citigroup, he’s followed the NAV market since its early days as it evolved from a niche solution into a core private markets tool. Dane discusses how strategic financing has matured alongside private equity, the misconceptions investors still face, and how flexible, well-aligned capital can support liquidity needs, portfolio optimization, and long-term value creation in a changing landscape. ](https://www.spglobal.com/market-intelligence/en/news-insights/podcasts/private-markets-360/private-markets-360-episode-46-nav-finance-demystified-how-strategic-capital-is-shaping-private-equity) [ Private Markets 360 - S&P Global Market Intelligence Jun 21, 2026 Private Markets 360 | Episode 45: Understanding Success in the Evolving PE Landscape In this episode of Private Markets 360°, we welcome Bob Belke, Managing Partner at Lovell Minnick, whose 26-year career began at TIAA and led him to help grow Lovell Minnick in its early days in 2000. Bob discusses what makes lower middle market buyouts different - especially the value of specialization, early outside institutional involvement, and a disciplined approach to investing - and how private equity has evolved over the past two decades. He also shares insights on today’s market dynamics, the liquidity needs investors face, and why consistent value creation remains essential in a highly competitive environment. ](https://www.spglobal.com/market-intelligence/en/news-insights/podcasts/private-markets-360/private-markets-360-episode-45-understanding-success-in-the-evolving-pe-landscape) [ Look Forward - S&P Global Jun 17, 2026 Look Forward | Episode 32: Partner Perspectives: Decoding Concentration Risk, Index Design, and the Next Era of Choice In this episode of Partner Perspectives, a special miniseries within the Look Forward podcast, the conversation explores one of the most foundational yet rapidly evolving forces in modern investing: indexing. Drawing on S&P Global and Vanguard’s joint research, Partner Perspectives: Unlocking Potential Ahead, this episode examines how market concentration, changing corporate leadership, and expanding index tools are reshaping the way investors access markets and build portfolios. ](https://www.spglobal.com/en/research-insights/podcasts/look-forward/partner-perspectives-decoding-concentration-risk-index-design-and-the-next-era-of-choice) S&P Global Market Intelligence Newsletter ## Private Markets 360° S&P Global Market Intelligence offers our top picks of global private equity news stories and more published throughout the week. [ Subscribe ](https://pages.marketintelligence.spglobal.com/Private-Markets-360-Newsletter-Home-Page.html) ## Solutions for Private Markets Private Equity funds are facing complex challenges. There is a record volume of dry powder, and fund managers are under pressure to deploy capital amid unprecedented economic and geopolitical uncertainty, increased competition, and rising stakeholder expectations. [ Learn more about products & solutions ](https://www.spglobal.com/en/products/topics/private-markets) ### Credit Risk Easily assess the credit risk of over 60M+ public and private companies with RiskGauge Reports that leverage cutting-edge analytical models and credit scores, robust private company data, company firmographics, relative performance benchmarks, and rich, insightful commentary. [ Learn more about credit risk ](https://www.spglobal.com/market-intelligence/en/solutions/products/riskgauge-desktop) ### Fund Valuation Get reliable intelligence on the value of your private asset portfolio, meet your reporting and audit obligations, and optimize your investment exits with trusted valuation solutions. We offer flexible options to support your finance team, with full-service third-party portfolio valuations and [ Learn more about fund valuation ](https://www.spglobal.com/market-intelligence/en/solutions/products/private-market-valuations) ### Managed Data Services Centralize critical information about your private investment portfolio using the industry’s most advanced private markets data collection technology and an experienced data team. iLEVEL Managed Data Services automate and standardize financial reporting from your fund managers or portfolio companies, helping you achieve unparalleled insight by enhancing the completeness and quality of investment data. [ Learn more about managed data services ](https://www.spglobal.com/marketintelligence/en/mi/products/ilevel-managed-data-services.html) ### Private Debt Solution Streamline investment workflows and enhance performance with an integrated private debt solution. Our workflow tools enable credit managers and direct lenders to develop greater visibility across the investment lifecycle, consolidate pipeline information, administer private credit portfolios, and create a single source for investor reporting. 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