Preqin's latest investor survey, published in late August 2026, found that nearly 50% of respondents plan to increase near-term infrastructure commitments, while 27% plan to commit less capital to private credit over the next 12 months. For Asia-Pacific allocators, it is a sign that global institutions are shifting emphasis within private markets, not leaving them.

TL;DR

  • Preqin's Investor Outlook: H2 2026 surveyed more than 380 investors in June 2026 and reports infrastructure demand growing fastest among private markets asset classes.
  • Private credit sentiment softened: the share of investors planning to decrease allocations doubled from the June 2025 survey, though 31% still expect to increase long-term allocations.
  • The full report is subscriber-only and no Asia-specific breakdown is public, so regional conclusions here are inferences, not survey findings.

What did Preqin's H2 2026 investor survey find?

Preqin, the private markets data provider now part of BlackRock, surveyed more than 380 investors globally in June 2026 on asset class performance, commitment plans and macroeconomic challenges. Its public summary reports that demand for infrastructure is growing fastest among private markets asset classes, with nearly 50% planning to increase near-term commitments and long-term allocations. Among private equity investors, 41% expect performance to improve over the 12 months to June 2027, a more optimistic view than in June 2025. Sentiment toward hedge funds also turned more positive, with 30% planning to increase commitments over the next 12 months and 36% expecting to increase long-term exposure.

Is private credit losing favour with investors?

Preqin says sentiment has softened, with 27% of investors planning to commit less capital over the next 12 months. It adds that 31% still expect to increase long-term allocations, but the share planning to decrease their allocation doubled from the June 2025 survey. Preqin's earlier H1 2026 outlook, based on a November 2025 survey of more than 430 investors, had already flagged headwinds for private credit from increased deal competition. The summary does not give the size of the earlier decrease share, so we cannot say how large the doubling is in absolute terms.

What does it mean for Asia-Pacific allocators?

The survey is global, so it cannot tell us how Asian pension funds, sovereign investors or family offices answered. What it does show is the backdrop they operate in: global investors are tilting toward infrastructure, are more cautious on private credit, and still worry about exits, which 62% of venture capital investors and 72% of private equity investors call a key concern. A separate Preqin study, the Institutional Allocation Study 2026 published on 13 September, says weaker distributions from realisations have moderated capital available for new private markets commitments. Bain's Global Private Equity Report 2026 describes a narrow recovery in 2025. Our earlier coverage of the exit picture is at https://altassetasia.com/asia-pacific-private-equitys-exit-rebound-is-real-but-bains-2026-data-show-the-recovery-is-narrow/ , and on credit valuations at https://altassetasia.com/global-private-credit-data-show-stabilising-valuations-heres-what-it-means-for-apac-allocators/ . For AI-linked infrastructure deals in the region, see https://altassetasia.com/kkrs-2-2-billion-bet-on-sk-horizon-is-a-preview-of-asias-ai-infrastructure-playbook/ .

What is not confirmed?

Preqin's public page does not disclose the mix of respondents by region or investor type, the reasons behind the shifts, or any Asia-Pacific split. We found no independent survey reproducing these figures. Survey intentions are not actual commitments, and Preqin's page carries a subscriber paywall for the full analysis. Its page header dates the report 27 August 2026, while its research listing shows 26 August.

Why it matters for Asian investors

The people who would put money into Asian infrastructure or credit funds are often the same institutions and family offices in this survey pool, so their appetite shapes fundraising conditions for regional managers. Investors comparing strategies could ask three questions: how much of a fund's return depends on exits, how crowded its credit strategy is, and how it is positioned in infrastructure. This is context, not investment advice.

Frequently Asked Questions

How many investors did Preqin survey for its H2 2026 outlook?

More than 380 investors globally, surveyed in June 2026, according to Preqin.

Which private markets asset class has the fastest-growing investor demand?

Infrastructure, per Preqin, with nearly 50% of surveyed investors planning to increase near-term commitments and long-term allocations.

Are investors pulling back from private credit?

Partly. 27% plan to commit less capital over the next 12 months and the share planning to decrease allocations doubled from June 2025, but 31% still expect to increase long-term allocations.

Sources and Method

Checked on 29 September 2026. Figures come from the public summaries of Preqin's reports, since the full analysis is subscriber-only. Preqin, Investor Outlook: H2 2026: https://www.preqin.com/insights/research/investor-outlooks/investor-outlook-h2-2026 . Preqin, Investor Outlook: H1 2026: https://www.preqin.com/insights/research/investor-outlooks/investor-outlook-h1-2026 . Preqin, Institutional Allocation Study 2026: https://www.preqin.com/insights/research/reports/institutional-allocation-study-2026 . Bain, Global Private Equity Report 2026: https://www.bain.com/insights/topics/global-private-equity-report/ .