Private markets AUM reached $13.1T as of June 2023, growing ~20% annually since 2018. Dry powder rose to $3.7T, the ninth straight year of increases.

Institutional investors allocate 27 percent of their assets to private markets on average, non-institutional investors currently allocate just 6 percent

In a recent McKinsey survey of over 300 LPs globally, 43 percent of respondents said they anticipate increasing their allocations to private markets over the next three years