Alastair Mills, Managing Director & Head of European Business Services at H.I.G. Capital, joins Criticaleye’s Senior Editor Jacob Ambrose Willson to share his perspective on what lies ahead for the UK private equity market in 2026. 

Reflecting on UK market conditions in 2025, the podcast explores how macro uncertainty, fiscal policy and the growing influence of AI are shaping fund strategies, dealmaking and value creation. Alastair also looks ahead to whether easing interest rates could unlock activity in the UK market and what private equity firms and portfolio leaders should be doing now to prepare for a potentially more active and competitive year. 

Discussion points include: 

• How UK private equity funds are adapting strategies in response to current market conditions, including longer hold periods and the use of continuation funds 

• The impact of tariffs and potential tax changes following the UK Autumn Budget on confidence and deal activity 

• How AI is influencing deal sourcing, due diligence and performance across portfolio companies 

• Whether falling interest rates could drive a pick-up in UK deal activity and exits in 2026 

• How private equity firms can best prepare for a more active and competitive UK deal environment 

• Why access to external reference points is critical for leaders, particularly those new to private equity, when preparing for an exit