Private markets and digital transformation, where are we now?

Private markets have grown exponentially in the last decade, with assets under management increasing at an annual rate of 20% between 2018 and 2023. Although the market has cooled since its noted spike in 2021, the future looks promising with PwC predicting assets under management to grow to $147.30 trillion by 2027. A recent Adams Street Partners report revealed that 88% of investors agree that private markets will continue to outperform public markets in the long run, this is up from 86% in the same survey the year before. With such vast volumes and substantial growth on the way, many asset managers are vying to capture a greater share of the market. However, many are preoccupied with other challenges such as performance and rising costs and overlooking the critical need for digitisation which will help solve these issues and more. Related Posts HSBC AM launches thermal coal equity index fund M&G’s Pinto argues the case for private markets and impact investing Fund naming guidelines put growth of corporate green bond sector at risk Royal London AM appoints head of sales Fund managers must prioritise digitisation The asset management industry experienced stunted growth throughout 2023. By June, Europe-focused funds endured […]

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