Private Markets in 2030

In Private Markets in 2030, we present our forecasts for fundraising, performance, and AUM growth across each asset class and consider what the industry can expect in the period to end-2030F

• We expect a recovery in exit volumes to help kickstart a new cycle in private equity and private markets more broadly

• Infrastructure AUM growth is forecast to accelerate and reach around $3tn by the end of 2030 as Europe outpaces North America

• New, more liquid fund structures and access to a supply of bank borrowers should continue to support private credit entering a new phase of growth

• AI should be a tailwind for VC-backed investments, especially at early-stage, while private equity-backed companies benefit from AI’s potential to accelerate operational improvements

• Private wealth is forecast to grow its share of private market fundraising at a time when institutional fundraising remains more constrained