After a year marked by trade shocks, political uncertainty, and a sharp pause in dealmaking, private markets are entering 2026 with a very different tone. Confidence is rebuilding, activity is picking up, and capital is once again moving, but beneath the surface, investors are still asking some hard questions about liquidity, valuations, and what comes next.

So how durable is this recovery? Where are the real opportunities, and what risks are still being underestimated?

On Wealth Tracker, Hongbin Jeong speaks to Dominic Goh, Managing Director, HarbourVest Partners to find out more.