Global private equity assets reach record $10.8tn in 2024

Private equity assets hit an all-time high of $10.8tn at the end of 2024, reflecting an 11.6% increase from the previous year, according to Ocorian’s latest Global Asset Monitor.

The analysis highlights private equity’s long-term expansion, with market values surging 636% since 2009 and more than doubling since 2019.

Private equity continued to show resilience after a brief dip in 2022, when rising interest rates led to a 1.9% decline in asset values to $9.08tn. However, the sector rebounded in 2023, reaching $9.64tn, and continued its growth trajectory in 2024. The broader private market—including private equity, infrastructure, private debt, and real estate—grew nearly three times faster than public assets over the past 15 years, increasing by 618%.

Private market assets overall rose by $1.27tn in 2024, reaching a record $14.34tn, excluding undeployed capital or “dry powder.” Ocorian’s analysis suggests continued growth in private markets, fueled by strong investor demand and capital needs from privately-owned companies. While the US remains the largest driver of demand, the supply of funds is strongest in Asia.

Private equity remains the dominant force, accounting for 75% of total private market value. The asset class has outperformed public markets, delivering annual returns 4.8% higher since 2000. Investors are increasingly turning to private equity for portfolio diversification and enhanced returns, reinforcing its role as a key driver of global capital markets.

Source: Private Equity Wire

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