Forge Reports AI-Driven Private Markets Rally
Forge's Q1 2026 Investment Outlook reports private-market activity in 2025 was dominated by AI, with mid- and late-stage companies raising $154.9 billion versus $75.5 billion in 2024; OpenAI and Anthropic attracted $40 billion and $16.7 billion respectively. The AI Basket appreciated 191.3% for the year, AI firms made up 45% of trading volume, and Forge's indices show AI returns of 80.2% versus 40.8% for non-AI, while fintech and cybersecurity lagged late-year.
Key Points
- 1Reports mid/late-stage firms raised $154.9B in 2025, driven by fewer, larger AI raises
- 2Highlights AI concentration: OpenAI $40B, Anthropic $16.7B, AI Basket up 191.3%
- 3Implies portfolio concentration risk; practitioners should reassess valuation, liquidity, and diversification strategies
Scoring Rationale
High industry-wide relevance and actionable fundraising insights; slightly limited by report-specific depth and occasional data inconsistencies.
Sources
Public references used for this report.
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