Private investment funds based in the United States currently manage approximately $7.26 trillion in assets, according to a report by Ocorian.
More than half (52%) of global private investment fund assets are held in vehicles domiciled in the U.S., according to the firm’s Global Assets Monitor. This compares to one quarter (25%) in Asia and around one fifth (19%) in Europe.
The total value of assets in U.S.-based private investment funds has surged over the past 10 years, rising more than 300% since 2015, when the value stood at $1.81 trillion, and over 500% since 2009, when it was $1.07 trillion.
The report breaks down the distribution of U.S.-domiciled private investment funds by type. Out of the total $7.26 trillion, private equity markets account for the largest share, with $5.06 trillion in assets (70%), followed by private debt with $846 billion (12%), real estate with $829 billion (11%), and infrastructure with $529 billion (7%).
Among the various classes of private assets, U.S. private equity remains dominant: infrastructure continues to attract long-term investors, real estate faces structural challenges, and private credit is expanding into new horizons.
While private markets have faced challenges in fundraising, divestments, and the restructuring of investment theses—due to interest rate adjustments, macroeconomic shifts, and geopolitical factors—Ocorian’s analysis predicts that their positive growth trajectory will continue over the next five years.
“The universe of publicly listed companies in the U.S. has declined from over 8,000 stocks in the 1990s to roughly half that today, while the number of private companies has surged,” said Yegor Lanovenko, Co-Global Head of Fund Services at Ocorian.
