Key Takeaways
- • KPMG's Private Equity Group hosted its Autumn 2026 PE Connect event series in London, Jersey and Guernsey, framed around "The Future of Private Capital."
- • Sessions covered a polarised market in which big deals are getting bigger while other activity is more selective, with forecasts running through 2031 presented by Preqin by BlackRock and KPMG speakers.
- • Key regulatory topics included increased supervisory scrutiny of evergreen structures, insights from the Bank of England's System Wide Exploratory Scenario, and the proposed Fund Reporting for Asset Management Entities (FRAME) framework.
- • Tax sessions addressed changes following the UK Budget, including the new carried interest regime, with Channel Islands-specific considerations.
- • KPMG also announced its global private capital report "Private no more: The democratization of private markets," based on insights from 100 asset managers, fund managers and distributors across the Americas, EMA and ASPAC.
Summary
KPMG's Private Equity Group hosted the Autumn 2026 round of its PE Connect event series in London, Jersey and Guernsey, under the theme "The Future of Private Capital." The series examined how AI, regulatory change and shifting investor allocations may reshape the private capital industry over the next five years, according to the event description.
Market outlook sessions held on 2, 4 and 6 November 2026 focused on 2026 private markets data and forecasts through 2031. Kimberly Coote described a polarised landscape in which large deals are growing while other activity is more selective. Rachel Daborah of Preqin by BlackRock covered Preqin's forecasts and the enduring European discount. Varun Vohra and Emilie Vermeulen presented on the same themes in a later session.
AI sessions examined adoption across PE finance functions and changing expectations among CFOs, fund administrators and legal advisers. Matt Stubbington led discussion of where adoption is gaining momentum, and Nader Karimi of KPMG US discussed capturing, storing and extracting information so large language models can deliver reliable, traceable insights.
Regulatory sessions covered emerging supervisory priorities, recent policy developments, the continued growth of evergreen structures, and findings from the Bank of England's System Wide Exploratory Scenario. Michael Johnson, who leads KPMG UK's risk and regulatory advisory practice for alternative investment clients, also outlined the proposed FRAME regulatory reporting framework.
The closing tax session, featuring Matt Thomas and Serena Bell, addressed the tax landscape following the UK Budget announcement, including the new carried interest regime and developments relevant to Channel Islands businesses.
The page also promoted KPMG's Pulse of Private Equity and Venture Pulse quarterly reports, and the launch of its global report "Private no more: The democratization of private markets," which examines the expansion of private market investing into wealth and advisory channels.
Market outlook sessions held on 2, 4 and 6 November 2026 focused on 2026 private markets data and forecasts through 2031. Kimberly Coote described a polarised landscape in which large deals are growing while other activity is more selective. Rachel Daborah of Preqin by BlackRock covered Preqin's forecasts and the enduring European discount. Varun Vohra and Emilie Vermeulen presented on the same themes in a later session.
AI sessions examined adoption across PE finance functions and changing expectations among CFOs, fund administrators and legal advisers. Matt Stubbington led discussion of where adoption is gaining momentum, and Nader Karimi of KPMG US discussed capturing, storing and extracting information so large language models can deliver reliable, traceable insights.
Regulatory sessions covered emerging supervisory priorities, recent policy developments, the continued growth of evergreen structures, and findings from the Bank of England's System Wide Exploratory Scenario. Michael Johnson, who leads KPMG UK's risk and regulatory advisory practice for alternative investment clients, also outlined the proposed FRAME regulatory reporting framework.
The closing tax session, featuring Matt Thomas and Serena Bell, addressed the tax landscape following the UK Budget announcement, including the new carried interest regime and developments relevant to Channel Islands businesses.
The page also promoted KPMG's Pulse of Private Equity and Venture Pulse quarterly reports, and the launch of its global report "Private no more: The democratization of private markets," which examines the expansion of private market investing into wealth and advisory channels.
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