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The global biopharmaceutical industry is navigating a reshaped operating environment in 2026.


August 13, 2026

Lazard Interim 2026 Secondary Market Report

The 2026 secondary market is driven by sponsors turning to continuation funds and trophy-asset exits for liquidity, matched by buyers with strong fundraising, sharper software underwriting, and growing '40 Act and evergreen capital, signaling a durable, structural market shift.

July 02, 2026

Ron Temple's Global Mid-Year Outlook 2026: Three Core Convictions Shaping Markets

Lazard Chief Market Strategist Ronald Temple explores the forces reshaping global markets in the second half of 2026—including a weakening U.S. dollar, steepening yield curves in developed markets, and a narrowing performance gap between U.S. and non-U.S. markets.