Private markets are receiving growing investment interest from family offices and wealthy individuals, despite being typically inaccessible to non-institutional investors. Surges of interest, capital commitments and a diverse base of investors have boosted private markets growth over the past decade, according to Barclays’ Private Markets Annual Report 2024. As of 2022, global private wealth is estimated to have reached between $140 trillion and $150 trillion, according to the report. Allocations to alternative assets are larger among institutional investors. Closed-end private market funds hold $14.7 trillion in assets under management (AUM).
In addition, improving technologies and increasing visibility on investment opportunities have enhanced accessibility for private wealth investors. These investors, including ultra-high-net-worth and high-net-worth individuals, are motivated to invest in private markets because of diversification, lower volatility, outperform
