Capital Markets Outlook for 2026

As capital markets continue to normalize following a period of elevated volatility, we see selective opportunity for well-positioned issuers and sponsors. Credit markets remain constructive for quality credits, while equity issuance activity is increasingly driven by strategic rather than opportunistic motivations.

For corporate clients, the emphasis is shifting from access to capital alone toward structuring solutions that preserve flexibility and align with long-term strategic objectives. We expect continued strength in bespoke financing, growth equity, and strategic M&A advisory mandates through 2026.