Private Assets to be Half of Industry Revenues by 2030, PwC Says

Private markets will generate more than half of the money-management industry’s revenues by 2030, an increase that reflects the intensifying competition among firms to expand in private debt and equity and infrastructure, according to PwC.

“The winners won’t be those who gather the most assets, but those who rewire the fastest,” Albertha Charles, global asset and wealth management leader at PwC UK, said Monday in a report that surveyed 300 global firms and investors.

The asset- and wealth-management industry will take in about $432 billion in revenue from private assets in 2030, exceeding the totals for traditional actively ...