Key Takeaways
- • Venture capital was the top-performing private capital segment over the past year, returning 19.1% according to PitchBook's Q2 2026 Private Capital Indexes.
- • Real assets placed second over the past year with a 9.8% return, per the same index report.
- • The indexes cover active closed-end funds with more than $4 trillion in active-fund net asset value.
- • The report also benchmarks private equity, private debt, real estate, funds of funds and secondaries, and adds risk-modeling data on volatility, public-market correlations and peak-to-trough drawdowns.
Summary
PitchBook's Q2 2026 Private Capital Indexes show venture capital leading private capital returns over the past year, with a 19.1% gain, according to the publication. Real assets ranked second with a 9.8% return over the same period.
The quarterly benchmarks draw on data from active closed-end funds, covering more than $4 trillion in active-fund net asset value. The report provides a snapshot of quarterly performance across the private markets.
Beyond headline returns, the indexes give indexed performance for private equity, private debt, real estate, funds of funds and secondaries. Each segment is covered in its own section of the report, which runs to an appendix.
The report also includes risk-modeling data, such as adjusted volatility estimates, correlations with public indexes and peak-to-trough drawdowns across select market environments. The primary source is a summary landing page, so the article does not provide further detail on individual segment figures beyond the headline returns cited.
The quarterly benchmarks draw on data from active closed-end funds, covering more than $4 trillion in active-fund net asset value. The report provides a snapshot of quarterly performance across the private markets.
Beyond headline returns, the indexes give indexed performance for private equity, private debt, real estate, funds of funds and secondaries. Each segment is covered in its own section of the report, which runs to an appendix.
The report also includes risk-modeling data, such as adjusted volatility estimates, correlations with public indexes and peak-to-trough drawdowns across select market environments. The primary source is a summary landing page, so the article does not provide further detail on individual segment figures beyond the headline returns cited.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.