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Global Private Markets Report 2025: Braced for shifting weather (McKinsey & Company)

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ReportMcKinsey & CompanyMay 2025Summary onlyOriginal source

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About this report

  • The previous edition of McKinsey's annual private markets report, reviewing private equity, real estate, private debt and infrastructure.p.
  • It describes a mixed year in which dealmaking stayed subdued and fundraising weakened across asset classes while public markets performed well.p.
  • The private equity chapter tracks a rebound in deal activity and a turn in distributions relative to capital contributions.p.
  • Its weather metaphor frames an industry the authors describe as more resilient and innovative as conditions clear.p.
  • Relevant for private capital investors, fund managers and analysts.p.

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