Research — Marquette Associates

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- Aimee O’Connor, CFP®
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Combination column and line chart showing Net Duties Received (columns, left-hand axis, ranging $0 to $35 billion) and Effective Tariff Rate (line, right-hand axis, ranging 0 to 12%) monthly, from April 2024 through February 2025. Up to March 2025, both data series held relatively steady, averaging around $7B for net duties received, and 2% for effective tariff rate, but both series have quadrupled since then. Most recent (Feb-26) is $26B and 8%. Please contact us for the full data set at marquettemarketing@marquetteassociates.com.

04.13.2026

Liberation Day: One Year Later

On April 2, 2025, President Donald Trump announced a sweeping set of tariffs on imports into the United States. Dubbed…

04.07.2026

Fiduciary Duties in Selecting Designated Investment Alternatives

On March 30, 2026, the Department of Labor (DOL) issued its proposed regulation: Fiduciary Duties in Selecting Designated Investment Alternatives….

Line chart showing commercial & industrial loans as percent of total bank credit since 1980. Peak of line is September 1982 at 38%; since then there has been a steady decrease, with several peaks following global crises, with February 2026 datapoint at 21%. Basel I labeled at 1988, Basel II labeled at 2004, Basel III labeled at 2010. For full dataset, please contact marquettemarketing@marquetteassociates.com.

04.06.2026

Regulation Abdication?

The Basel capital framework was created to ensure that banks maintain sufficient capital to absorb losses and reduce the risk…

04.02.2026

1Q 2026 Market Insights Webinar

Please join Marquette’s research team for our 1Q 2026 Market Insights Webinar analyzing the first quarter across the economy and various…

04.01.2026

A Portfolio Needs Structure: An Overview of the Securitized Credit Asset Class

Fixed income is the largest global financial market and often one of the largest allocations within institutional investors’ portfolios. A…

Stacked column chart comparing contribution to total value creation broken out by revenue growth, margin expansion, and multiple expansion for private equity managers, by exit year, 2017 to 2024. 2017 column 45% revenue growth, 26% margin expansion, 29% multiple expansion. 2018 column 56% revenue growth, 4% margin expansion, 40% multiple expansion. 2019 column 43% revenue growth, 10% margin expansion, 47% multiple expansion. 2020 column 42% revenue growth, 19% margin expansion, 39% multiple expansion. 2021 column 46% revenue growth, 13% margin expansion, 42% multiple expansion. 2022 column 53% revenue growth, 20% margin expansion, 27% multiple expansion. 2023 column 64% revenue growth, 19% margin expansion, 17% multiple expansion. 2024 column 71% revenue growth, 12% margin expansion, 17% multiple expansion.

03.30.2026

Pulling the Right Value Creation Levers

In the period between 2009 and 2022, private equity managers thrived amid an environment of low interest rates and rising…

Line chart comparing Brent Crude Futures, WTI Futures, and European Gas Futures from December 2023 to present. Lefthand y-axis labeled Price per Barrel and ranges $0 to $120, corresponding to Brent Crude and WTI data series. Righthand y-axis labeled Price per megawatt Hour and ranges €0 to €70, corresponding to Euro-pean Gas Futures. All three series have spiked in recent weeks, with most recent data as of March 23, 2026 at 100.49 for Brent Crude, 88.72 for WTI, and 54.69 for European gas. Dashed line overlay at February 28 highlighting strikes on Iran.

03.23.2026

Pain at the Pump

Global energy costs have risen sharply this month due to a convergence of geopolitical shocks, as critical infrastructure and transport…

Column chart showing months from first to final close for North American Closed-End Real Estate Funds with average (~10.6 months) overlaid using dotted line. Up to 2020, funds generally stayed below 10 months; in the years since, it is well over, with 2025 at 25 months.

03.16.2026

Closing Time

This week’s chart illustrates a clear structural shift in the fundraising dynamics of North American closed-end real estate funds over…

03.09.2026

Buy High, Sell Low?

Warren Buffett once implored investors to “be greedy when others are fearful,” and this sage advice is certainly applicable to…

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