Private capital market is set to grow at a 12% annual rate on a compounded basis to $17 trillion in assets under management (AUM) over the next five years, Morgan Stanley analysts said.
As one of the highest-returning asset classes in past years, the market stands at about $10 trillion, representing about 9% of global third-party AUM, according to the brokerage.
These factors could help the industry to tap into a total addressable market worth over $100 trillion, Morgan Stanley added.
Read more: Reuters
