We are delighted to present the 2025 edition of our award-nominated private funds report, "FundsTrack: Trends in the Private Funds Market."
2024 was yet again an interesting time for private funds. Multiple elections around the world in which incumbent governments lost power meant a change in approach to private funds related policy in major jurisdictions including the UK and the US. This poses significant new and ongoing challenges to both general partners (GPs) and limited partners (LPs).
The shift to investment in infrastructure has been encouraged by regulatory changes. In 2024 both the UK and the EU revised and developed their regulatory frameworks for long term investments, in the UK the long-term asset fund (LTAF) and in the EU the long-term investment fund (ELTIF). While incumbent governments were already pursuing policies to encourage investors to diversify into infrastructure and other long term assets, many incoming governments, including the new UK government, wanted to go even further in this respect. In many cases, the drive to increase infrastructure investment is linked to policy goals related to the transition to a lower carbon economy and otherwise rebooting national economies which have been relatively flat in recent years.
Please see full publication below for more information.
