The total value of global private assets held in funds increased by 15.4 per cent year-on-year to a record $14.9trn at the end of 2025, analysis from Ocorian has revealed.

The increase represented continued growth in the sector, with the global value of private assets having risen by 87 per cent since 2020 and 330 per cent since 2015.

Ocorian’s Global Asset Monitor forecast that global private assets held in funds would continue to increase, rising by 60 per cent by 2030 to reach $23.9trn.

This growth was being driven by global private equity fund asset values, which increased by 17.8 per cent to a record $10.6trn in 2025.

This was the highest annual growth rate since 2021, with Ocorian estimating that the value of private equity assets would increase by two thirds to reach $17.4trn by the end of 2030.

Ocorian's Global Asset Monitor, which analyses private market fund values as well as listed equities, sovereign bonds, corporate bonds and municipal agency and other bonds, calculated that total global assets experienced the largest annual increase ever recorded in 2025.

Last year, total global assets rose by 15.8 per cent to a record $282.9trn, according to the monitor.

Total global private equity, private debt, infrastructure and real estate funds all hit record valuations, with Ocorian anticipating that growth will continue building.

However, the firm said that the growth in assets would drive consolidation as mainstream fund managers increasingly target the private markets sector.

“Private markets are growing while public markets remain constrained by rates, concentration risk and fewer viable exits,” commented Ocorian global co-head of fund services, Ben Hill.

“We see long-term growth across all four main asset classes. Key trends that will support the growth of private equity include the choice by companies to delay or avoid public listings when seeking an exit, resulting in private investors having access to value for longer.

“In the private credit space, borrowers value the speed and flexibility private lenders offer compared to traditional banks.

“Tailored debt structures and strong alignment with private equity sponsors often outweigh higher cost of capital for many borrowers.

“For infrastructure, patient capital suits long-term project finance, while private real estate funds provide far greater flexibility than public REITs meeting the needs of investors, developers and property operators.”

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