European Asset Management Industry: Q3 2026

Private market managers are entering a new phase—one where their long-held valuation premium is narrowing. From subdued fundraising to changing market dynamics, the European asset management landscape continues to shift. 

Despite ongoing uncertainty, signs of recovery are emerging as traditional managers rebound on improved fund flows and market performance, while private markets face short-term pressure but retain compelling long-term growth potential. 

Our Q3 2026 European asset manager industry report examines what these trends mean for profitability, valuations, and investor opportunities.