The global investment landscape is undergoing a profound transformation, marked by the rising influence of governments in economic affairs, massive capital expenditure needs, the acceleration of artificial intelligence and the growth of the Indo-Pacific region. Moreover, US-China relations, whose evolution could reshape global economic dynamics, and Europe’s growing imperative to strengthen its sovereignty are key trends that must be considered when determining long-term allocation strategies.
In Tikehau Capital’s CIO Outlook Report for 2026, we share a review of our insights for 2025, forecast trends for 2026 and beyond, and highlight the major investment opportunities these trends represent.
What to expect in this Outlook Report?
A look back at our Insights for 2025
Our 2025 convictions have been confirmed: government intervention in economic affairs has become structural, driving unprecedented public debt levels and strategic investments. The CapEx boom across decarbonisation, defence, deglobalisation, and digitalisation is accelerating, while the rapid development of AI and the multipolar growth of the Indo-Pacific region continue to reshape global dynamics.
Outlook and themes for 2026 and beyond
Looking ahead, the evolving US-China relationship will be pivotal, raising questions about the sustainability of American exceptionalism and the emergence of credible alternatives to the US dollar. Europe is positioned as a significant investment opportunity, supported amongst other by fiscal stimulus, healthy banking systems, and attractive valuations. Key investment themes include European sovereignty, private debt secondaries and real estate.
Main investment opportunities
for 2026
Publication
CIO Outlook
Looking ahead to 2026