US VC Secondary Market Watch: Q3 2026
PitchBook’s Q3 2026 US VC Secondary Market Watch estimates annualized US venture-secondary value at $110.7 billion, down 9% from the prior quarter as SpaceX’s post-IPO lockups began releasing shares.
The report draws on Rainmaker Securities data and highlights Rainmaker’s observation that investor interest is broadening beyond AI into established fintech, defense and prediction-market companies. It also examines market concentration, SPV structures and the next phase of secondary-market infrastructure.