Investment & Market Strategy
iCapital Market Pulse: Dealmakers in Waiting – What Will It Take to Turn the Corner?
M&A and IPO activity remains soft in 1H25, but this is more a pause than a breakdown. Lingering uncertainty around trade policy, interest rates, and regulation has held dealmakers back—but the environment is beginning to shift. With greater clarity emerging and dry powder at record highs, we see conditions aligning for a rebound in late Q3 and into 2026, led by areas such as Tech and AI.
