Investor Outlook: H1 2025

In our global survey of more than 250 investors in November, we consider how sentiment has shifted on asset class performance, commitment plans and macroeconomic challenges

• Half of LPs plan to increase investment in private equity over the short and long term in our survey of investors

• Proportion of investors seeing venture capital assets as overvalued has fallen, with a quarter now seeing fair value 

• Long-term private debt allocation intentions appear stable but some investors are more cautious about increasing capital commitments compared to 2023

• Lower rates have drawn attention away from real estate debt and distressed real estate, with core gaining favor

• As fewer investors were willing to finance higher-geared assets in recent years, the infrastructure market now shows better value for money