Fee Income From Private Markets Are Expected to Double by 2032, Reaching $2 Trillion

Study by Bain & Company

Date:

Autor: Funds Society, Madrid

Many firms have reduced management fees, leading to a 4% drop in average income from 2021 to 2022

By 2032, private market assets could represent 30% of total assets under management

Alternative credit will grow at a CAGR of 10%-12% by 2032, largely reflecting the reduction in loans issued by banks

Private equity and venture capital will remain the most important categories, while private credit and infrastructure investments will expand to the point where they become significant asset classes

The increase in contributions from retail investors will cause the proportion of assets under management from these investors to rise from 16% in 2022 to 22% by 2032

The firm observes a convergence of strategies between traditional and alternative asset managers, with many preparing to become full-service providers across all asset classes, investor types, and positions in the value chain