Global Private Wealth Survey
What's driving the interest?
15% increase
from 2024 to 2025
50%
40%
30%
20%
10%
0%
Very interested:
Currently invested or willing to invest
Q.
Clients show heightened enthusiasm for private markets
Advisors classify more clients as “very interested” compared to last year
How do clients respond when you discuss this asset class?
Quotes provided through the Hamilton Lane Private Wealth Survey. No compensation provided.
Private Wealth Solutions
Press Release
Survey PDF
In 2025, more advisors plan to allocate higher percentages to private markets. That’s according to 320 advisors and financial professionals who participated in the Annual Hamilton Lane Global Private Wealth Survey.
HAMILTON LANE GLOBAL PRIVATE WEALTH SURVEY
Advisors ramp up
private market investments
2%
56%
42%
Q.
Advisors plan to allocate more to private markets
56% plan to increase private market allocations
In 2025, the percentage of your total book of business allocated to private markets will likely:
Advisor benefits
Positive perceptions
Increased knowledge
Rate themselves as advanced in private markets (55% last year)
Global survey of financial professionals conducted in November 2024. Respondents include advisors, private wealth professionals, and others, who may or may not do business with Hamilton Lane. Any views or opinions reflect the views of the respondents, not Hamilton Lane.
Quotes provided through the Hamilton Lane Private Wealth Survey. No compensation provided.
Q.
Private market opportunities can be good for business
70% offer private markets to deepen client relationships
Why do you offer private market opportunities to your clients? Choose all that apply.
3%
1%
76%
20%
Q.
Clients favorably view risk/reward profile of private markets
76% anticipate a higher rewards than stocks and bonds
How do your clients perceive the reward profile of private market investments compared to traditional asset classes like public equities or bonds?
Trend Drivers
2024
Q.
Interest is fueled by performance and diversification
Advisors pointed to the same key factors last year
Why are your clients interested in private markets? Choose all that apply.
Other
Sector exposure
Diversification
Performance
2025
Other
Sector exposure
Diversification
Performance
Quotes provided through the Hamilton Lane Private Wealth Survey. No compensation provided.
Q.
Infrastructure tops the list for allocation increases in 2025
48% plan to increase allocations to infrastructure
How do you plan to change your sector allocations in 2025?
60%
40%
20%
0%
Decrease Allocation
Increase Allocation
Venture Capital
Private Real Estate
Private Credit
Secondaries
Private Equity
Private Infrastructure
Venture Capital
Private Infrastructure
Private Real Estate
Secondaries
Private Credit
Private Equity
Q.
94% of advisors allocate to private equity
Most also invest in credit,
real-estate and more
What sectors of private markets are your clients allocated to today? Choose all that apply.
Q.
Private markets are becoming a bigger piece of the pie
Trendline shows increase in allocations from last year
What percentage of your total book of business do you anticipate allocating to private markets in 2025?
plan to allocate 5% or more to private markets – a 14% increase from last year's sruvey
84%
59%
plan to allocate 10% or more to private markets – a 15% increase from last year's survey
20%+ of book of business
30%
of advisors plan to allocate 20% or more to private markets
1-5%
5-10%
10-20%
Portfolio Shifts
Private Wealth Solutions
Press Release
Survey PDF
DISCLOSURES
Global survey of financial professionals conducted in November 2024. Respondents include advisors, private wealth professionals, and others, who may or may not do business with Hamilton Lane. Any views or opinions reflect the views of the respondents, not Hamilton Lane.
The information contained in this presentation may include forward-looking statements regarding returns, performance, opinions, the fund presented or its portfolio companies, or other events contained herein. Forward-looking statements include a number of risks, uncertainties and other factors beyond our control, or the control of the fund or the portfolio companies, which may result in material differences in actual results, performance or other expectations. The opinions, estimates and analyses reflect our current judgment, which may change in the future.
This presentation is not an offer to sell, or a solicitation of any offer to buy, any security or to enter into any agreement with Hamilton Lane or any of its affiliates. Any such offering will be made only at your request. We do not intend that any public offering will be made by us at any time with respect to any potential transaction discussed in this presentation. Any offering or potential transaction will be made pursuant to separate documentation negotiated between us, which will supersede entirely the information contained herein.
The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.
Interest in private markets varies by geographic region
Percentage of advisors' clients who are
“very interested” in this asset class
Asia Pacific
Europe/Middle East/Africa
Quotes provided through the Hamilton Lane Private Wealth Survey. No compensation provided.
The Americas
77%
High 27%
Moderate 52%
60-75 years old (Baby Boomers)
94%
High 57%
Moderate 37%
45-60 years old (Gen X)
89%
High 55%
Moderate 34%
30-40 years old (Millennials)
43%
High 5%
Moderate 38%
75+ years old (Silent Generation & Greatest Generation)
59%
High 34%
Moderate 25%
Under 30 years old (Gen Z)
People of all ages express an interest in private markets
Gen X and Millennials show the most enthusiasm
Clients showing high or moderate interest in private markets – by age groups.
Demographics
Global Private Wealth Survey
HAMILTON LANE GLOBAL
PRIVATE WEALTH SURVEY
Quotes provided through the Hamilton Lane Private Wealth Survey.
No compensation provided.
15% increase
from 2024 to 2025
50%
40%
30%
2025
2024
20%
10%
0%
Very interested:
Currently invested or willing to invest
Q.
Clients show heightened enthusiasm for private markets
Advisors classify more clients as “very interested” compared to last year
How do clients respond when you discuss this asset class?
2%
56%
42%
Q.
Advisors plan to allocate more to private markets
56% plan to increase private market allocations
In 2025, the percentage of your total book of business allocated to private markets will likely:
In 2025, more advisors plan to allocate higher percentages to private markets. That’s according to 320 advisors and financial professionals who participated in the Annual Hamilton Lane Global Private Wealth Survey.
Increased knowledge
Rate themselves as advanced in private markets (55% last year)
What's driving the interest?
Advisor benefits
Positive perceptions
Advisors ramp up
private market investments
Private Wealth Solutions
Press Release
Survey PDF
Global survey of financial professionals conducted in November 2024. Respondents include advisors, private wealth professionals, and others, who may or may not do business with Hamilton Lane. Any views or opinions reflect the views of the respondents, not Hamilton Lane.
Quotes provided through the Hamilton Lane Private Wealth Survey.
No compensation provided.
Q.
Private market opportunities can be good for business
70% offer private markets to deepen client relationships
Why do you offer private market opportunities to your clients? Choose all that apply.
3%
1%
76%
20%
Q.
Clients favorably view risk/reward profile of private markets
76% anticipate a higher rewards than stocks
and bonds
How do your clients perceive the reward profile of private market investments compared to traditional asset classes like public equities
or bonds?
2024
Sector exposure
Performance
Other
Diversification
2025
Sector exposure
Other
Diversification
Performance
Q.
Interest is fueled by performance and diversification
Advisors pointed to the same key factors last year
Why are your clients interested in private markets? Choose all that apply.
Trend Drivers
Quotes provided through the Hamilton Lane Private Wealth Survey.
No compensation provided.
Portfolio Shifts
Decrease Allocation
Increase Allocation
60%
40%
20%
0%
Venture
Capital
Private
Real Estate
Private
Credit
Secondaries
Private
Equity
Private Infrastructure
Q.
Infrastructure tops the list for allocation increases in 2025
48% plan to increase allocations to infrastructure
How do you plan to change your sector allocations in 2025?
Venture Capital
Private
Infrastructure
Private
Real Estate
Secondaries
Private Credit
Private Equity
Q.
94% of advisors allocate to private equity
Most also invest in credit,
real-estate and more
What sectors of private markets are your clients allocated to today? Choose all that apply.
plan to allocate 5% or more to private markets – a 14% increase from last year's sruvey
84%
59%
plan to allocate 10% or more to private markets – a 15% increase from last year's survey
20%+ of book of business
30%
of advisors plan to allocate 20% or more to private markets
1-5%
5-10%
10-20%
Q.
Private markets are becoming a bigger piece
of the pie
Trendline shows increase in allocations from last year
What percentage of your total book of business do you anticipate allocating to private markets
in 2025?
The Americas
Interest in private markets varies by geographic region
Percentage of advisors' clients who are “very interested”
in this asset class
Quotes provided through the Hamilton Lane Private Wealth Survey.
No compensation provided.
Demographics
77%
High 27%
Moderate 52%
60-75 years old (Baby Boomers)
94%
High 57%
Moderate 37%
45-60 years old (Gen X)
89%
High 55%
Moderate 34%
30-40 years old (Millennials)
43%
High 5%
Moderate 38%
75+ years old
(Silent Generation & Greatest Generation)
59%
High 34%
Moderate 25%
Under 30 years old (Gen Z)
Q.
People of all ages
express an interest in private markets
Gen X and Millennials show the most enthusiasm
Clients showing high or moderate interest in private markets –
by age groups
Europe/Middle East/Africa
Asia Pacific
Private Wealth Solutions
Press Release
Survey PDF
DISCLOSURES
Global survey of financial professionals conducted in November 2024. Respondents include advisors, private wealth professionals, and others, who may or may not do business with Hamilton Lane. Any views or opinions reflect the views of the respondents, not Hamilton Lane.
The information contained in this presentation may include forward-looking statements regarding returns, performance, opinions, the fund presented or its portfolio companies, or other events contained herein. Forward-looking statements include a number of risks, uncertainties and other factors beyond our control, or the control of the fund or the portfolio companies, which may result in material differences in actual results, performance or other expectations. The opinions, estimates and analyses reflect our current judgment, which may change in the future.
This presentation is not an offer to sell, or a solicitation of any offer to buy, any security or to enter into any agreement with Hamilton Lane or any of its affiliates. Any such offering will be made only at your request. We do not intend that any public offering will be made by us at any time with respect to any potential transaction discussed in this presentation. Any offering or potential transaction will be made pursuant to separate documentation negotiated between us, which will supersede entirely the information contained herein.
The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.
