PwC's Asset and Wealth Management Revolution 2025 report projects private markets will capture more than half of total industry revenues by 2030, cementing their position as the sector's most profitable engine. While alternative AUM is expected to reach $34 trillion with private markets specifically hitting $26.6 trillion, the report warns that rising competition will put growing pressure on the standout fees and margins that have defined the asset class.

The Institutional Limited Partners Association published a comprehensive analysis examining how retail investment vehicles are fundamentally reshaping private equity fund dynamics. According to ILPA's 2025 whitepaper, the retail private markets segment has grown at nearly 60% compound annual growth rate over four years to reach approximately $360 billion in assets, with private equity vehicles expanding 56% in 2024 alone.

High inflation and elevated interest rates are forcing wealthy clients to rethink portfolio construction, with traditional 60/40 allocations no longer sufficient for generational wealth building. On J.P. Morgan Asset Management's "Alternative Realities" podcast, Sitara Sundar, Head of Alternative Investment Strategy & Market Intelligence at J.P. Morgan Private Bank, oversees investment guidance for clients managing over $2.9 trillion in assets globally.

According to a comprehensive report by Richard Timbs and Nigel Williams for the Australian Securities and Investments Commission, Australia's rapidly growing $200 billion private credit market exhibits significant operational deficiencies, particularly in real estate-focused funds targeting retail investors. The report reveals widespread conflicts of interest, opaque fee structures, and inconsistent valuation practices that potentially disadvantage investors while benefiting