TIGER 21, the premier peer-to-peer learning network for ultra-high-net-worth wealth creators and preservers, today released highlights from its Q2 2026 Asset Allocation Report (AAR). The insights, gathered from portfolio allocation data submitted by Members, point to the consolidation of long-term trends in how wealth creators are positioning their portfolios, with private equity establishing itself as the dominant asset class at a record 34% of allocations, up six points year-over-year.
The Q2 2026 reading marks the latest point in a multi-year trend. Over the past 15 years, the share of capital allocated to private equity has risen sharply. The steady expansion of private market opportunities and a deeper pool of high-quality private companies are two forces likely to have attracted fresh capital and driven this increase. Fewer exits and ongoing capital calls are also likely to have pushed allocations higher.
Public equities increased to 25%, up two points from 12 months ago, marking the highest stock allocation in more than two years. This likely reflects greater confidence in equity markets and a broader appetite for risk assets, consistent with multi-year highs in institutional equity positioning.
Cash and equivalents fell to 7%, the lowest level since TIGER 21 began collecting data in 2007, as Members shifted more liquidity into growth sectors. Real estate also declined to 23%, down three points from 12 months ago. Additional assets were deployed into fixed income (6%), cryptocurrency (2%), commodities (2%) and hedge funds (1%).
Commenting on the findings, Michael W. Sonnenfeldt, Founder and Chairman of TIGER 21, said: “These latest insights underline a defining trait of the TIGER 21 community. When uncertainty rises, these investors don’t freeze. They deploy capital into the opportunities they believe will create advantage and long-term growth. That’s why we’re seeing more capital move into private equity and similar assets.”
Michael Woods, TIGER 21 Group Chair, added: “In our Group Meetings, the conversation has steadily moved toward private markets. Members are leaning into areas where their experience, networks, and operational expertise can be put to work, and that helps explain the long arc of capital moving from cash and real estate into private equity.”
The Asset Allocation Report provides analysis that reflects actual portfolio allocations from participating TIGER 21 Members.
About TIGER 21
Founded in 1999, TIGER 21 is the premier peer-to-peer learning network for ultra-high-net-worth wealth creators and preservers. The organization has grown into a global community of nearly 2,000 Members, ranging in age from 27 to 90, with an average net worth of $140 million. Operating across North America, Europe, the Middle East, and Asia, TIGER 21 convenes more than 140 confidential Member meetings each month. Its mission is to help successful individuals navigate the challenges and opportunities of wealth through high-trust learning Groups that draw on global expertise in investing, leadership, family governance, and long-term legacy planning. Each Group functions as a personal board of directors for its Members. Membership is by invitation only. To learn more, visit www.tiger21.com.
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