Skip to content
Palanor is in early release, with our founding customers.Become a founding customer →
The Real Rate Index45.30.00Palanor: Inflation Pulse50.7+0.06Palanor: Geopolitical Stress59.7-0.25Palanor: Liquidity58.8+0.87Palanor: Capital Tightness46.4-1.11Palanor: Industrial Pulse70.10.00Palanor: AI Margin Compression52.8-0.63Palanor: Consumer Confidence47.1-1.44Palanor: US Dollar Strength46.5+0.01Palanor: Labor Heat63.20.00Palanor: Recession Vocabulary28.7+0.64Palanor: Uncertainty Index53.2-0.24Palanor: US Jobs Health40.30.00Palanor: Energy Transition37.7+0.74Palanor: Reshoring Sentiment22.7-0.15Palanor: AI Substitution28.6+0.24The Social Fabric Index45.70.00Palanor: Geopolitical Anxiety19.8+0.43Palanor: Quit Pressure34.7-2.85The Mania Index88.00.00The Palanor Index57.5+0.37Cost Disease Spread33.20.00Palanor: US vs China49.4-0.05Rise of Socialism Index40.6-0.18The Bubble Memory98.5-0.00Palanor: Steward Confidence51.0+0.19The Long Watch90.30.00The Reshoring Index55.20.00The Capital Return Index80.2-0.77The Discourse Index74.3+1.91The Hesitation Index33.4+2.64Palanor AI Inference Cost Index71.2-0.03The AI Capex Race Index76.1-2.39The Boardroom Index81.7-0.84The Layoff Cycle Index35.6+2.75Capital Deployment Posture Index61.7-0.67The Consumer Health Index41.8+0.07Labor Hours Composite44.40.00The Dollar Erosion Index65.5-1.13Palanor: Risk Appetite35.4-0.76
PalanorPalanor

Stacked area

Private Fund Assets by Type

Gross assets of private funds advised by SEC-registered and exempt reporting advisers, by fund type, $ trillions, yearly

Total $35.68T in 2025+$5.04T since 2024
YTD1y2y5y10y20yAll
Current·Data to 2025

Plays the chart through its history. Pauses are where the data set a record or moved most.

SEC Division of Investment Management, Investment Adviser Statistics, from Form ADV filed by SEC-registered and exempt reporting advisers. Each year uses the latest figure for each fund; a fund reported by several advisers is counted once. Gross assets include borrowed money. A fund that two advisers classify differently counts in both types, so the bands can add up to slightly more than the total.

How big the private fund industry run by U.S.-regulated advisers has grown, and what it is made of. Each band is one type of fund as the advisers classify it; hedge funds and private equity are the two largest.

What this chart reads·7 series

Show all

Sources·7 sources

Show all

Hedge Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Investment Adviser Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source.

Private Equity Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Investment Adviser Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source.

Real Estate Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Investment Adviser Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source.

Venture Capital Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Investment Adviser Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source.

Other Private Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Investment Adviser Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source.

Securitized Asset Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Investment Adviser Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source.

Liquidity Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Investment Adviser Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

Related charts

MarketsForecast

Venture Capital vs Private Equity Fund Assets

Gross assets of venture capital funds and private equity funds advised by SEC-registered and exempt reporting advisers, $ trillions, yearly

$11.31TData to Dec 2025
MarketsForecast

Magnificent Seven Share of the S&P 500

Combined market value of the seven largest tech companies as a share of the S&P 500, %

34.1%Data yesterday
MarketsForecast

Yield Curve: 10-Year Minus 2-Year

Difference between 10-year and 2-year Treasury yields, percentage points

0.31 ppData yesterday
MarketsForecast

U.S. Treasury Yields

Yields on 2-year, 10-year and 30-year U.S. Treasuries, %

4.81%Data 2 days ago
MarketsForecastMoving

Tech vs. Defensives: How Richly Each Is Valued

Trailing price-to-earnings ratio of each S&P 500 group relative to the whole index, daily, % above or below

7%Data yesterday
MarketsForecast

Semiconductors’ Share of the S&P 500

Market value of today’s S&P 500 chip and chip-equipment companies, % of the index’s market value, since January 2021

15.4%Data yesterday

Cookies

We only use essential cookies to keep you signed in and remember your theme. No analytics, no tracking, no ads. See the Privacy Policy for the full read.