The Lincoln Private Market Index: Broader Private Market Trends Were Stable Despite Software-Driven Decline

CHICAGO, May 07, 2026--Lincoln International, a global investment banking advisory firm, announced today that the Lincoln Private Market Index (LPMI), an index that tracks changes in the enterprise value of U.S. privately held companies, decreased by 2.2% in Q1, driven primarily by a 7.8% decrease for technology companies (driven by an 8.8% decrease for software companies) and a 1.5% decrease for business services companies while all other industries remained flat or modestly up quarter-over-qua