Morgan Stanley
Investment Management

The Next Phase of Private Markets Growth

Private markets are entering a new phase of growth, with broader investor access and expanding opportunities across credit and equity.

Access Expands

Retail and high-net-worth channels are opening private markets to a wider audience.

Private Credit’s Rise

Direct lending continues to take share from traditional bank financing.

What It Means for Portfolios

Allocations to private assets are becoming a standard portfolio building block.