Goldman Sachs
May 11, 2026
Sponsor Activity Barometer
Market ReportPrivate MarketsRates CreditEquitiesOther
The Goldman Sachs Sponsor Activity Barometer shows a broad-based improvement in private market conditions, reaching its highest level in 2026 driven by strong exit activity and stable financing conditions.
Key Takeaways
- 1.Sponsor activity indicators reached their highest levels of 2026 in April and early May, rebounding from a yearly low in late March.
- 2.Exit activity, particularly IPO volumes in Europe and announced sponsor-led exits globally, was the primary driver of the barometer's improvement in April.
- 3.Financing conditions remain stable with notable recent strength in leveraged loan issuance in both the US and Europe.
Table of Contents
- Sponsor Activity Barometer
- Heatmap - Sponsor Activity Barometer
- Barometer Methodology
- Disclosure Appendix
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Authors
Oliver CarruthersAnshika MehrotraNaimeh SabourianTom Ferguson
Securities
S&P US IG Corp. Bond indexMorningstar LSTA indexICE BoA HY index
Themes
Private Equity Deal RecoveryNormalization of Capital Markets
Regions
EuropeNorth AmericaGlobalUnited States
