Lazard Research & Insights
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.
Review of Shareholder Activism - H1 2026
Lazard's H1 2026 Review of Shareholder Activism analyzes 184 new activist campaigns globally, highlighting the trends reshaping shareholder engagement across North America, Europe and APAC.
Sovereign Debt – Towards More Complex and Costly Capital Structures?
The simplicity of sovereign capital structure is eroding, and the central question raised in Lazard's latest Policy Paper is whether it is changing for the better. Our Sovereign Advisory team argues that it is not, unless the changes are actively governed.
