New analysis from Ocorian, a firm in asset servicing for private markets and corporate and fiduciary administration, reveals that U.S. based private market funds currently hold around $7.26 trillion in assets under management.
More than half (52 percent) of global assets in private market funds are in U.S.-domiciled funds, Ocorian’s Global Assets Monitor found. This compares to a quarter (25 percent) in Asia and around a fifth (19 percent) in Europe.
The total value of assets in U.S.-based private markets funds has surged over the past 10 years, rising by more than 300 percent since 2015 when the value was $1.81 trillion and by more than 500 percent since 2009 when it was $1.07 trillion.
Ocorian’s new analysis breaks down how the U.S.-domiciled private markets funds are split by type. Out of the $7.26 trillion total, private equity markets make up the lion’s share with $5.06 trillion in assets (70 percent) followed by private debt at $846 billion (12 perce