World's Top 100 Private Markets Firms Raised $5.74T in Five Years
PEI Group's new Private Markets 100 report finds the largest fund managers collectively raised $5.74 trillion from 2021 through 2025.
The 100 biggest private markets investment firms raised a combined $5.74 trillion over the five-year period ending in 2025, according to a landmark report published Thursday by PEI Group, a leading data and intelligence provider covering alternative assets.
The Private Markets 100 is the first PEI Group ranking to measure fundraising across five distinct alternative asset classes simultaneously — private equity, real estate, infrastructure, private credit and secondaries — offering what the firm describes as the most comprehensive cross-sector snapshot of private markets scale to date.
Read more MEXC and Kraken Parent Payward Address Crypto-TradFi Convergence →
The breadth of the methodology marks a significant departure from traditional rankings that evaluate each asset class in isolation. By aggregating capital raised across all five strategies, the report underscores how the largest managers have expanded into multi-asset platforms, capturing investor allocations that once flowed to specialized boutiques.
The sheer volume of capital — nearly $6 trillion concentrated among just 100 firms over five years — illustrates the accelerating consolidation trend within alternative asset management. Institutional investors, including pension funds and sovereign wealth funds, have increasingly gravitated toward larger platforms capable of deploying capital across multiple strategies under a single relationship.
The report arrives as private markets continue to attract record commitments from institutional and, more recently, retail investors seeking returns uncorrelated with public equity and bond markets. Continue reading at Real Estate.
