In this edition of the Global Private Capital Barometer, we explore investor sentiment towards private markets, and examine their views on allocations and risk in the current macroeconomic climate.
We uncover Limited Partners (LPs) perspectives on secondaries, private credit, and evergreen vehicles and delve further into their long‑term convictions and near-term expectations of today’s dynamic investment landscape.
Fieldwork for this edition of the Barometer took place from 19th February to 14th April 2025.
Key findings
| . | ||
1 |
Over a third of LPs believe new manager formation will outpace industry consolidation. | . |
|
|
||
2 |
Mega-funds face challenges in meeting LP return expectations. | . |
|
|
||
3 |
LP responses offer early indication that most continuation vehicles are meeting or exceeding performance expectations. | . |
| . | ||
Once again, our Barometer offers an unrivalled look at the prevailing sentiments of the global investor community, and we are delighted to share the compelling insights it provides on the present and future of private capital markets.
Limited Partners (or LPs) are investors in private equity funds. General Partners (or GPs) are private capital fund managers.
In this Barometer report, the term private capital is a generic term encompassing the following asset classes: private equity, private debt, venture capital and real assets.