After a year of pandemic-driven turbulence, private markets fundraising rebounded to new heights. Fundraising was up by nearly 20 percent year over year to reach a record of almost $1.2 trillion. Growth in North America (22 percent) was particularly fast, outpacing both Europe (17 percent) and Asia (13 percent).
![Onward and upward](/~/media/mckinsey/featured%20insights/charting%20the%20path%20to%20the%20next%20normal/2022/apr/gif%20and%20modified%20charts/pub-private-marketscod-shrunk-timed.gif)
To read the report, see “McKinsey’s Private Markets Annual Review,” March 24, 2022.