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The total market value of eight of the biggest asset classes globally hit a new high of $246.8 trillion at the end of 2024, increasing by a record $25.5 trillion and driven by a surge in equity markets, a new analysis from Ocorian, an asset servicing firm for private markets and corporate and fiduciary administration, has shown.
 
Ocorian’s new Global Asset Monitor shows that, over the long-term, private assets have grown nearly three times as fast as public assets, rising 618% in the past 15 years. Last year the value of private market assets increased by an estimated $1.27 trillion – around 9.7% – to a record $14.34 trillion, which excludes undeployed capital, so-called dry powder. Private equity accounted for around 75% of the total value.

The analysis of global equity and bond markets as well as private equity, infrastructure, real estate and private debt found that publicly listed assets ended the year with a market value of $232.45 trillion increasing by 11.6%. Listed equities increased 15.4% in the period to $115.03 trillion while bond markets rose by 8.1% to $117.42 trillion.

US stock markets accounted for 84% of the global rise in stock markets last year. Just 10 stocks accounted for a sixth of the global total market capitalisation at the end of 2024, as much as the European, UK, and Japanese stock markets combined.