Ocorian: Private markets funds are set for 70% growth by 2030

October 8, 2025

According to a new analysis by Ocorian, the value of global private assets funds has surged to a record $14.05 trillion this year, a rise of 77% since 2020, and 205% since 2015, and is forecast to climb 70% over the next five years to hit $23.9 trillion. Year-to-date it has risen 9.6%.

Global private equity fund asset values will be the key driver of growth doubling to $17.4 trillion by 2030 with infrastructure, private debt and real estate funds also performing strongly taking the global value of the four sectors to $23.9 trillion.

The private debt fund market is set to grow from $1.36 trillion today to $2.4 trillion by 2030, and infrastructure funds will grow from $1.35 trillion to an estimated $2.3 trillion.

Ocorian’s analysis shows 2025’s growth in private equity global assets to $9.917 trillion has been driven in particular by Asian markets which hit a record $2.1 trillion, up 15.8% in the first eight months of the year. They accounted for 30% of 2025’s growth despite only accounting for a fifth of assets.  Assets in North America still dominate fund holdings – Ocorian’s modelling shows they reached $5.6 trillion by early September, up 9.6% year-to-date.

Global private markets growth since 2015 – new analysis from Ocorian

New analysis from Ocorian reveals growth in the individual private markets fund management sectors between 2015 and 2025. 

Survey of private equity fund managers

An Ocorian survey of US based private equity professionals who collectively manage $335.25 billion in assets, reveals they expect capital from all major LP sources to rise, with family offices and pension funds leading the charge. Notably, HNW and UHNW are not expected to increase their capital subscriptions significantly (only 9.4% over the next two years) compared to 20.2% from pension funds and 17.8% from family offices.

However, as the market grows fear of regulatory creep is nearly universal - 85% of those surveyed expect more regulation, 88% expect more industry restrictions and fines, and 80% anticipate more time spent on compliance failures.

The ambition to use more third-party providers is partly driven by this complexity. 47% are already outsourcing more over the latest lifecycle, compared to 44% who have not made changes and just 9% who have brought more in-house.

More than four out of five (81%) expect to expand their reliance on third parties in the next two years, in particular, investor services and fund administration are the functions most likely to be outsourced, though reporting is also high up the list.