Private Capital Performance Pulse

In this new report series from Research Insights+, we examine quarterly trends in private capital performance and compare these assets with their public market counterparts, exploring the implications for future prospects. This report highlights the latest data from the first quarter of 2024 and provides a longer-term outlook.

• A glimmer of hope for venture capital – positive returns indicate an end to two years of drawdowns

• European private equity has outperformed North America since the start of 2023 in a reversal of longer-term trends

• Private debt is in a golden age and has outperformed private equity of late, riding the wave of higher interest rates and low default rates

• Real estate funds continue to decline, with all strategies recording negative returns apart from debt