Trends Impacting 
Private Markets

H1 2025 Report

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Key Takeaways

Private funds manage what’s under their control in adapting to an uncertain landscape.

01 Both private equity and venture capital firms

expect the challenging fundraising market to persist through 2025.

02 As fund families mature,

they tend to attract an increasing number of institutional LPs.

03 Of the private markets firms surveyed,

nearly 90% outsource at least half of their tax work.