January 27, 2026
2026 Outlook: The Market’s Reprise
As markets move deeper into a new cycle defined by capital intensity, dispersion, and structural change, investors face a familiar challenge: understanding how to separate signal from noise as conditions evolve. GEM’s 2026 Outlook examines the forces reshaping today’s investment landscape and explores how those themes are actively influencing our team’s allocation tactics and positioning for the year ahead.
Kelly Barofsky, a Managing Director in GEM’s Investment Research Group, spoke with PitchBook about the continued momentum behind independent sponsors and why deal-by-deal structures can create strong alignment between sponsors and investors.
Head of Venture Capital, Kate Simpson, joined the Swimming with Allocators podcast to discuss how GEM constructs its venture portfolio, why the market has bifurcated, and where disciplined manager selection creates the most compelling opportunities.
Our 2025 Impact Report explores a key question shaping the future of impact investing: how can investors support AI’s development and deployment in ways that maximize its benefits while mitigating its risks?
Let’s start a conversation about how we can help.
