The global private markets landscape is undergoing a profound transformation, marked by rapid growth, heightened competition, and a wave of innovation that is reshaping investment strategies and fund structures.
Private markets are attracting unprecedented attention from institutional investors, sovereign wealth funds (SWFs), and family offices worldwide, with Preqin projecting their value will rise from USD18trillion(trn) in 2024 to over USD29trn by 2029. Nowhere is this evolution more pronounced than in the Middle East, where regional investors are leveraging their scale and strategic capital to influence global fund terms, demand greater transparency, and set new standards for governance and alignment.
As traditional models such as the “2 and 20” fee structure come under pressure, general partners (GPs) are responding with more flexible, customized arrangements, while limited partners (LPs) are increasingly focused on performance metrics, liquidity solutions, and direct investment opportunities. The surge in secondaries, the rise of co-investments, and the adoption of innovative fund structures are all testament to a market in flux—one that is increasingly collaborative, sophisticated, and attuned to the needs of a diverse investor base.
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