Issue 12, November 2026
McKinsey on Investing
The latest issue of McKinsey on Investing explores how structural shifts in wealth, technology, and infrastructure are creating significant new opportunities and investing trends across markets and asset classes.
THE BIG PICTURE: INVESTING IN 2026
Article
What matters most to investors in 2026 and what it means for companies
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Even before the Middle East conflict began, geopolitics surged as the foremost investor concern. AI disruption and capital allocation...
Article
What a new investor survey reveals about consensus estimates
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New findings show misses matter only when they signal a weaker outlook. Plus, guidance on disclosures, earnings calls, and long-term...
Article
Harnessing the power of gen AI in private markets
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Investors are looking for data and tools to accelerate decades-old processes. But today’s obvious answer could become tomorrow’s...
Article
India’s private markets: The global limited partner view
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The private alternatives market is increasingly important to India’s economic growth. Our survey finds limited partners are bullish...
THE FUTURE OF WEALTH
Report - MGI Research
The global balance sheet 2026: Imbalance and divergence
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Several asset classes grew further out of balance with the economy, raising the possibility of corrections through inflation,...
Article
The signal in the sell-off: Wealth management’s value in the AI era
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As AI automates technical planning and other tasks, wealth managers must pivot from producing outputs to delivering outcomes...
Article
US wealth management in 2035: A transformative decade begins
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Over the next decade, the convergence of AI, demographic change, and evolving client trust will challenge wealth managers to...
Article
Five client-led shifts reshaping European wealth management
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Survey results point to changing consumer preferences that are disrupting and transforming the industry in Europe—and highlight...
CREATING VALUE THROUGH PRIVATE MARKETS
Article
How to build businesses faster and better with AI
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Artificial intelligence is rewriting the rules of creating corporate ventures. Here is a strategic playbook for business leaders...
Article
How corporate–scale-up partnering can boost Europe’s tech competitiveness
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Stronger, more systematic partnerships between corporates and scale-ups have the potential to enable both to thrive while helping...
Article
Beyond productivity: How AI creates value in private equity
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Private equity–backed companies that broadly embrace AI have median revenue multiples more than twice those of companies...
Article
Private equity confirms a timeless principle: Purchase price matters
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Recent data shows that buyout firms that maintain strict price discipline are delivering significantly higher MOIC than their...
Article
How private equity is using M&A integrations to overcome headwinds
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Amid valuation challenges, portfolio roll-ups, combinations, and capabilities integrations, private capital firms can find strategies...
Article
The second look: An adaptive approach to reunderwriting
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The best-performing PE firms build on deal diligence in a disciplined way throughout the hold period, revisiting and retuning...
Article
Travel industry trends and the opportunity for private equity
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The travel industry is experiencing dynamic growth. For private equity firms, understanding travel industry trends can help guide...
Interview
From reckoning to renewal: An interview with KKR’s Philipp Freise
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Europe’s resilience is being tested. Investor Philipp Freise explains why the continent’s current challenges could...
INVESTING IN THE BUILT ENVIRONMENT
Article - MGI Research
Colocation data centers: The infrastructure race behind AI
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Data center capital expenditures are surging as AI workloads grow, yet competitiveness increasingly depends on securing advanced...
Article
How agentic AI can reshape real estate’s operating model
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To create value from AI agents and humans working together, focus on redesigning entire domains, not just launching a few use...
Article
How AI is reshaping the future of the AEC industry
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AI is poised to rewire the architecture, engineering, and construction sector. Firms that move quickly to reimagine workflows,...
Article
Value plays in US home services: Where opportunity meets reliability
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Solid market fundamentals and significant value creation opportunities make the US home services market highly attractive to...
Article
European infrastructure is evolving—and investors are, too
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Investors in European infrastructure continue to broaden their exposure and deploy high levels of dry powder. The future of the...
Podcast - The McKinsey Podcast
The new advantage in the age of AI: Building in the real world
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As AI accelerates the digital economy, the real constraint is physical: housing, power, and infrastructure. Laura Hines-Pierce,...
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McKinsey on Investing
The 11th issue of McKinsey on Investing explores how leaders are finding investment opportunities amid structural trends and persistent imbalances in the global economy.