Venture secondaries have experienced a pricing rebound over the past two years, with stakes in venture and growth funds reaching mid- to late-70s percent of net asset value in 2024 and 2025. This marks a significant improvement from the mid- to late-60s pricing seen in 2023, according to reports from Evercore and Jefferies.

However, AI-driven technology disruptions are creating uncertainty about the sustainability of this recovery. Industry analysts warn that 2026 could bring choppier conditions as these disruptions weigh on valuations across the technology sector. The shift comes as investors reassess the long-term value of AI-powered innovations.

While some buyers remain optimistic about the market's resilience, the consensus points to increased volatility ahead. The pricing recovery that began in 2023 now faces headwinds from rapid technological change, potentially forcing investors to recalibrate their strategies in the venture secondaries market.