2025 mckinsey private markets outlook

Some takeaways:
🔷 Public equity markets have outperformed private equity recently, but not over longer periods
🔶 LPs expected to continue to increase allocations to private equity
🔷 Leverage and market multiple expansion drove 61% of investment returns from 2010 to 2022
🔶 Secondaries transaction value rose 45% last year to an all-time high of $162 billion

View the full report here.