Unlock insights on North American private markets with expert analysis
North America remains the anchor market for private capital. The North American Private Markets in 2026 report examines fundraising, deal-making, and the market dynamics shaping strategies for investors and fund managers in the region. Explore key findings below, or read the full report with a subscription to Preqin Insights+.
North America-focused private capital continues to grow
Fundraising in the region grew to $861bn in 2025 (up from $762bn in 2024), and regional AUM reached $8.46tn by mid‑2025.
BDCs have relatively diverse sector exposures
Liquidity‑oriented fund structures are reshaping portfolios, particularly in private credit, with the total fair value of US BDCs expanding to $349bn by June 2025.
North America private equity secondaries forecast to outperform other regions
North America-focused secondaries are expected to outgrow primaries as LPs and GPs seek liquidity.
Download a free copy of last year's report
North American private capital was estimated at $8.34tn in 2025, accounting for 57% of global AUM, according to Preqin data. Venture capital had a strong presence in the region, though the asset class struggled in recent years. Discover how this asset class and others fared in the region in 2025.
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