The vibrant U.S. capital markets are the envy of the world. U.S. stock exchanges alone hit $69 trillion in early 2026. But stocks are not the only game in town. In addition to public companies, alternative investments like private equity and venture capital are also booming as capital markets bring together investors and entrepreneurs in the most efficient manner: U.S. private funds are managing over $28 trillion in assets, and, for example, North American start-up funding soared 46 percent in 2025, which was largely driven by the AI boom.
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