iCapitalPrivate▼ Negative
Demandrelevance
iCapital's own outlook warns of slower growth and weaker consumer spending, which could reduce demand for its alternative investment platform.
iCapital's midyear outlook warns of slower economic growth in the second half of 2026, with greater scrutiny on AI investments, weaker U.S. consumer spending, and persistent inflation. The alts platform projects the S&P 500 will trade between 7,500 and 7,900, representing 0% to 5% upside, as investors become more selective about AI monetization. With interest rates expected to stay at 3.5% to 3.75%, iCapital sees limited compensation for bond risk and prefers infrastructure over private equity and private credit. Infrastructure assets have delivered annualized returns of about 12.9% during moderate inflation, 270 basis points above traditional 60/40 portfolios.
iCapital's own outlook warns of slower growth and weaker consumer spending, which could reduce demand for its alternative investment platform.