According to a recent report, Tech M&A is expected to become more constructive in 2026, a view shared by THL's Jim Carlisle. The report also highlights growing optimism among General Partners (GPs) regarding acquisitions and exits. This positive sentiment suggests a potentially active deal environment in the coming years within the technology sector.

This positive outlook follows a period of market adjustment after a boom in dealmaking. High interest rates and economic uncertainty initially cooled the M&A market. However, with some stabilization and strategic shifts, dealmakers are now expressing greater confidence. This shift is a positive sign for the private equity industry especially.

Specifically, the EY's PE Pulse Survey Q4 2025 provides insights into GP sentiment. The survey's findings are important for investors as they plan their future strategies. A constructive M&A environment can lead to increased investment opportunities and portfolio adjustments.

The industry will likely watch closely for specific deal announcements and shifts in valuation multiples. The outlook for technology is particularly important given its growth potential. Future reports will reveal further details on the sectors and specific strategies.