麦肯锡：2025年全球私募市场报告：在变革浪潮中筑牢韧性（英文版）

Conditions for global private markets were decidedly mixed in 2024. Dealmaking remained tepid, for instance, while fundraising across all asset classes fell to its lowest level since 2016, even as the performance of public markets increased. Yet capital deployment increased by double digits across asset classes, as managers adapted to a world of interest rates structurally higher than in previous years. Investor interest and confidence in private markets remained strong. In McKinsey’s latest