LPs and managers believe that a better year lies ahead for the asset class

The findings and data in this section are from the Preqin 2025 Global Report: Private Equity.

The lead analyst on the report is Victoria Chernykh, MBA. She is an AVP, Research Insights, and specializes in private equity.


Ongoing easing cycle could help boost fundraising efforts in 2025

Due to an extended wait for interest-rate cuts and global economic and geopolitical uncertainties, private equity funds globally raised less capital in the first three quarters of 2024 compared than in the same period in 2023.

By the third quarter of 2024, $482bn had been raised, making it unlikely to surpass 2023's full-year historic record of $781bn by the end of this year (Fig 1.1).

With monetary policy expected to loosen further in 2025, investor confidence appears to be rebounding. According to our latest survey, half of LPs plan to increase allocations to private equity in the next 12 months, up significantly from 28% in 2023.


Fig. 1.1: Number of private equity funds closed and aggregate capital raised globally

[Alternatives in 2025] Fig. 1.1: Number of private equity funds closed and aggregate capital raised globally

*YTD to end-Q3 2024
Source: Preqin