Global private capital assets under management is expected to almost double to $18.3tn by the end of 2027 as investors continue to seek alternative sources of returns in an uncertain economic environment.

Research from Preqin revealed the impressive rise, a huge increase on the $9.3tn recorded at the end of 2021.

Venture capital is forecast to be the fastest growing asset class in the next few years, at 19.1% growth per year – pushing AUM from $1.46tn at the end of 2021 to $4.17tn by 2027.

APAC markets are expected to see growth of 10% per year, with AUM set to almost double to $2.08tn – up from $1.17tn at the end of 2021.

Read more: Alt Assets