2026 Private Capital Fundraising Trends Favor AI-Savvy Emerging Managers: SS&C Intralinks Report

WINDSOR, Conn.--(BUSINESS WIRE)--SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the publication of the SS&C Intralinks 2026 Global Private Capital Fundraising Report, produced in association with PitchBook. The analysis of 427 private funds raised in Q1 2026 found that market trends are pointing toward increasing opportunities for emerging fund managers, especially those with a differentiated AI-enabled tech stack.

“Although overall fundraising levels remain low, we are seeing a normalization of fundraising patterns,” said Ken Bisconti, Head of SS&C Intralinks. “Fund managers are raising less capital across fewer funds and closing funds faster than at any point in the last decade. As capital deconcentrates, emerging managers are best positioned to reengage their LP bases. The managers embracing digital sophistication and an AI-enabled tech stack will stand out in this market. LPs’ expectations of GP data capabilities now extend beyond traditional security and governance to include AI adoption.”

Key findings from the report include:

• 427 private market funds amounting to USD 170.7 billion were raised through March 12, 2026.
• The YTD median and average times to close a fund have reached a decade low of 11.5 months and 14.6 months, respectively. The median and average times to raise a subsequent fund declined to pre-pandemic levels.
• The average fund size is getting smaller, with step-ups declining to 1.9x from 3.6x — the first time since 2020.
• Venture capital (VC) and private equity (PE) funds continue to account for the majority of global private capital fundraising activity, capturing nearly 80% of funds closed YTD.
• North American fund managers attracted 72.4% of global private capital raised in Q1 2026 and 66.3% of global fund volumes, a material increase from the prior year. Asia-based fund managers experienced significant declines in fundraising activity.

Fund managers interviewed for the report pointed to AI influencing many of these trends, from investment opportunities to fundraising dynamics. Many managers are already implementing AI to accelerate workflows and optimize operations. LPs increasingly favor firms demonstrating advanced use of the technology tools to improve investment outcomes and operational transparency. The trend is leveling the playing field between emerging and established managers.

Click here to read the full report.

SS&C Intralinks is a pioneer of the virtual data room, delivering AI-enabled services across the entire deal lifecycle, including deal marketing, deal prep, due diligence, insights and post-merger integration. Intralinks technology enables and secures the flow of information by facilitating M&A, capital raising and investor reporting. SS&C Intralinks has executed more than USD 37 trillion worth of financial transactions on its platform.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 23,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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