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Private Equity Market Size, Share and Forecast 2026-2036

The global private equity market is worth USD 128 bn in 2026 and is forecast to reach USD 265 bn by 2036, growing at a 7.5% CAGR. United States is the largest country market and Buyout is the largest by strategy segment.

USD 128 bnMarket size 2026
USD 265 bnForecast 2036
7.5%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global private equity market is worth USD 128 bn in 2026 and is forecast to reach USD 265 bn by 2036, growing at a 7.5% CAGR. United States is the largest country market and Buyout is the largest by strategy segment.

ScopeManagement fees and performance fees (carried interest) earned by private equity firms on buyout, growth equity and related funds worldwide.
IndustryServices and Utilities
Value 2025USD 120 bn
Value 2026USD 128 bn
Value 2036USD 265 bn
CAGR 2026-20367.5%
Volume 20269,582 USD billion assets under management
Volume 203618,788 USD billion assets under management
Average price 2026USD 13,400,000 per USD billion assets under management
Report priceStarts from USD 1,999
PublishedNovember 2026

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Private Equity market size and forecast, 2026-2036

Exhibit 1The global private equity market is forecast to grow from USD 128 bn in 2026 to USD 265 bn by 2036, more than doublingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 7.5%
Private Equity market value, 2025 to 2036Market value by year. 2025: USD 120 bn; 2026: USD 128 bn; 2027: USD 138 bn; 2028: USD 148 bn; 2029: USD 160 bn; 2030: USD 171 bn; 2031: USD 184 bn; 2032: USD 198 bn; 2033: USD 213 bn; 2034: USD 229 bn; 2035: USD 246 bn; 2036: USD 265 bn. Compound annual growth rate 2026 to 2036: 7.5%.2025128 bn2026184 bn2031265 bn20367.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 128 bn
2027USD 138 bn
2028USD 148 bn
2029USD 160 bn
2030USD 171 bn
2031USD 184 bn
2032USD 198 bn
2033USD 213 bn
2034USD 229 bn
2035USD 246 bn
2036USD 265 bn

Private Equity market segmentation

By strategy

Exhibit 2Buyout is the largest segment by strategy, with 50.0% of 2026 revenueEstimated share of 2026 global revenue, by strategy
Private Equity market share by strategy, 2026Share of 2026 revenue by strategy. Buyout: 50.0%; Growth equity: 15.0%; Infrastructure and real assets equity: 15.0%; Secondaries: 10.0%; Other private equity: 10.0%.Buyout50.0%Growth equity15.0%Infrastructure and real assets equity15.0%Secondaries10.0%Other private equity10.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Buyout50.0%46.3%USD 64.2 bn6.7%
Growth equity15.0%15.2%USD 19.3 bn7.7%
Secondaries10.0%13.4%USD 12.8 bn10.7%
Infrastructure and real assets equity15.0%16.7%USD 19.3 bn8.7%
Other private equity10.0%8.4%USD 12.8 bn5.7%

By revenue type

Exhibit 3Management fees adds the most revenue by revenue type, growing from USD 74.5 bn in 2026 to USD 146 bn by 2036Estimated revenue in USD by revenue type, 2026 and 2036 forecast
Private Equity market by revenue type, 2026 and 2036Revenue by revenue type in 2026 and 2036. Management fees: USD 74.5 bn in 2026, USD 146 bn in 2036, change +96%; Performance fees: USD 43.7 bn in 2026, USD 98.4 bn in 2036, change +125%; Transaction and advisory fees: USD 10.3 bn in 2026, USD 20.1 bn in 2036, change +96%.20262036 forecastChangeManagement fees+96%74.5 bn146 bnPerformance fees+125%43.7 bn98.4 bnTransaction and advisory fees+96%10.3 bn20.1 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Management fees58.0%55.2%USD 74.5 bn7.0%
Performance fees34.0%37.2%USD 43.7 bn8.5%
Transaction and advisory fees8.0%7.6%USD 10.3 bn7.0%

By investor type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Pension funds34.0%33.0%USD 43.7 bn7.2%
Sovereign wealth funds12.0%14.0%USD 15.4 bn9.2%
Insurance companies14.0%13.0%USD 18.0 bn6.7%
Family offices and wealthy individuals20.0%21.0%USD 25.7 bn8.0%
Endowments and foundations10.0%9.0%USD 12.8 bn6.4%
Other investors10.0%10.0%USD 12.8 bn7.5%

By fund size

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Small (under USD 1 billion)12.0%11.0%USD 15.4 bn6.6%
Mid-market (USD 1 to 5 billion)28.0%26.0%USD 36.0 bn6.7%
Large (USD 5 to 15 billion)30.0%30.0%USD 38.5 bn7.5%
Mega (above USD 15 billion)30.0%33.0%USD 38.5 bn8.5%

By portfolio sector

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Technology and software28.0%31.0%USD 36.0 bn8.6%
Healthcare18.0%19.0%USD 23.1 bn8.1%
Industrials20.0%17.0%USD 25.7 bn5.8%
Consumer and retail16.0%15.0%USD 20.5 bn6.8%
Financial and business services18.0%18.0%USD 23.1 bn7.5%

Top 25 countries for private equity by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 85.5% of 2026 revenue and the 25 countries below together hold 96.2%.

Exhibit 4United States is the largest country market at USD 57.8 bn in 2026, and the three largest countries hold 60.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Private Equity market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 57.8 bn, 45.0%; United Kingdom: USD 11.6 bn, 9.0%; China: USD 7.7 bn, 6.0%; France: USD 6.4 bn, 5.0%; Germany: USD 5.8 bn, 4.5%; Canada: USD 5.1 bn, 4.0%; India: USD 3.9 bn, 3.0%; Australia: USD 3.9 bn, 3.0%; Singapore: USD 3.9 bn, 3.0%; Switzerland: USD 3.9 bn, 3.0%.United States57.8 bn 45.0%United Kingdom11.6 bn 9.0%China7.7 bn 6.0%France6.4 bn 5.0%Germany5.8 bn 4.5%Canada5.1 bn 4.0%India3.9 bn 3.0%Australia3.9 bn 3.0%Singapore3.9 bn 3.0%Switzerland3.9 bn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 57.8 bn45.0%USD 117 bn7.3%
2United KingdomUSD 11.6 bn9.0%USD 22.2 bn6.8%
3ChinaUSD 7.7 bn6.0%USD 14.3 bn6.4%
4FranceUSD 6.4 bn5.0%USD 13.0 bn7.3%
5GermanyUSD 5.8 bn4.5%USD 11.1 bn6.8%
6CanadaUSD 5.1 bn4.0%USD 10.3 bn7.2%
7IndiaUSD 3.9 bn3.0%USD 12.2 bn12.2%
8AustraliaUSD 3.9 bn3.0%USD 8.5 bn8.2%
9SingaporeUSD 3.9 bn3.0%USD 9.3 bn9.2%
10SwitzerlandUSD 3.9 bn3.0%USD 7.4 bn6.8%
11JapanUSD 2.3 bn1.8%USD 4.8 bn7.7%
12NetherlandsUSD 1.6 bn1.2%USD 3.3 bn7.7%
13SwedenUSD 1.3 bn1.0%USD 2.7 bn7.7%
14South KoreaUSD 1.1 bn0.8%USD 2.3 bn7.8%
15ItalyUSD 950 mn0.7%USD 2.0 bn7.6%
16SpainUSD 860 mn0.7%USD 1.8 bn7.7%
17BrazilUSD 796 mn0.6%USD 1.8 bn8.7%
18Hong KongUSD 732 mn0.6%USD 1.5 bn7.7%
19IrelandUSD 693 mn0.5%USD 1.5 bn7.7%
20DenmarkUSD 655 mn0.5%USD 1.4 bn7.7%
21LuxembourgUSD 616 mn0.5%USD 1.3 bn7.7%
22NorwayUSD 591 mn0.5%USD 1.2 bn7.7%
23FinlandUSD 565 mn0.4%USD 1.2 bn7.7%
24United Arab EmiratesUSD 539 mn0.4%USD 1.2 bn8.7%
25IsraelUSD 526 mn0.4%USD 1.1 bn7.8%
Rest of worldUSD 4.9 bn3.8%USD 10.5 bn8.1%
Exhibit 5United States and United Kingdom account for 51% of the USD 136 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Private Equity market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 128 bn. United States: +USD 58.9 bn; United Kingdom: +USD 10.7 bn; India: +USD 8.3 bn; China: +USD 6.6 bn; France: +USD 6.5 bn; 20 other countries: +USD 39.5 bn; Rest of world: +USD 5.7 bn. Market value 2036: USD 265 bn.Market value 2026128 bnUnited States+58.9 bnUnited Kingdom+10.7 bnIndia+8.3 bnChina+6.6 bnFrance+6.5 bn20 other countries+39.5 bnRest of world+5.7 bnMarket value 2036265 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Blackstone
  • KKR
  • Apollo Global Management
  • Carlyle Group
  • EQT
  • CVC Capital Partners
  • Brookfield Asset Management
  • Ardian
  • Partners Group

Group 2: Regional and specialist players

  • TPG
  • Bain Capital
  • Advent International
  • Permira
  • Warburg Pincus
  • Cinven
  • Silver Lake
  • Hellman & Friedman
  • General Atlantic
  • Leonard Green & Partners

Group 3: Emerging and niche players

  • Hg
  • Clearlake Capital
  • Vista Equity Partners
  • Thoma Bravo
  • Francisco Partners
  • Platinum Equity
  • Genstar Capital
  • Welsh, Carson, Anderson & Stowe

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the private equity market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 7.5% is calculated from the resulting values.

The market is divided by strategy, by revenue type, by investor type, by fund size, by portfolio sector. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the private equity market?

The global private equity market is estimated at USD 120 bn in 2025 and USD 128 bn in 2026.

How fast will the private equity market grow?

It is forecast to reach USD 265 bn by 2036, a compound annual growth rate of 7.5% from 2026, an increase of USD 136 bn.

Which country is the largest market for private equity?

United States is the largest market by revenue at USD 57.8 bn in 2026, 45.0% of the global total. The three largest countries together hold 60.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 12.2% a year from 2026 to 2036.

Which private equity segment is largest?

In the by strategy split, Buyout is the largest segment with 50.0% of 2026 revenue.

Who are the leading private equity companies?

Global leaders include Blackstone, KKR, Apollo Global Management, Carlyle Group.

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