U.S. private markets have surged to a record $10 trillion in assets under management, according to Hamilton Lane. However, this growth masks a performance gap: over the last decade, the S&P 500 has outperformed private equity by approximately 200 basis points, returning 15.3% compared to 13.2%. While the AI boom has skewed dynamics, the private sector remains highly concentrated. Recent PitchBook data indicates that excluding the five largest venture deals would reduce Q1’s deal value by over 73%. Read the full story at Fortune (subscription).
Source · Fortune
