Private markets fundraising trends

The private markets have experienced significant growth in fundraising over the past decade. Limited partners (LPs) have been increasing their target allocations to the private space due to the need for higher returns and the low interest rate environment. LPs, particularly large institutional investors, have been allocating more capital to private markets to meet their future liabilities. This growth has led to a substantial increase in total NAV dollars allocated to private equity, which has grown nine times over the last 20 years compared to a three times increase in the public equity market cap.