私人市场的兴起与崛起：麦肯锡私人市场年度回顾2018年(英文36 页)

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The rise and rise of private markets

-McKinsey Global Private Markets Review 2018

About this report

This is the 2018 edition of McKinsey’s annual  review of private markets. To produce it, we have developed new analyses drawn from our long-running research on private markets, based on the industry’s leading sources of data.2 We have also conducted interviews with executives at some of the world’s largest and most influential GPs and  

LPs. Finally, we have gathered insights from our colleagues around the world who work closely  with asset owners and managers.

This report begins with a review of the industry’s capital flows in 2017, including fundraising,  

AUM, and the deployment of capital. We then review the implications of these dynamics for the all-important relationship between LPs and GPs, and conclude with some ideas about how LPs and  

GPs can find continued success in this remark- able age. 

Contents

Introduction 2

Going strong 4

Capital inflows in 2017

Now comes the hard part 16

Capital deployment, including dealmaking and dry powder

The march of progress 23

Discipline comes to private markets