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Private equity assets forecast to nearly double to $12tn by 2031 as private credit passes $5tn — Preqin

Reported by Altassets
Oct 26, 2026· 1 min read
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Key Takeaways
  • • Global private equity assets under management are forecast to almost double to $12tn by the end of 2031, according to new research from Preqin.
  • • Private credit is projected to surpass $5tn in assets under management and become one of the fastest-growing major alternative investment classes.
  • • The forecast positions private equity and private credit as central growth engines within the alternatives industry through 2031.
Summary
Global private equity assets under management are forecast to almost double to $12tn by the end of 2031, according to new research from Preqin, as reported by AltAssets Private Equity News. The projection points to sustained institutional demand for private market exposure over the coming five years.

According to the same research, private credit will surpass $5tn in assets under management over the period and emerge as one of the fastest-growing major alternative investment classes. The findings underline the continued expansion of direct lending and other non-bank credit strategies as allocators seek yield and diversification outside public markets.

The full article is behind a premium subscription wall, so additional detail on the methodology, regional breakdown and fund-level assumptions in the Preqin research could not be verified from the available text. Allocators seeking those specifics should consult the Preqin report directly.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Altassets Private equity assets forecast to nearly double to $12tn by 2031 as private credit passes $5tn — Preqin