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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
Plays the chart through its history. Pauses are where the data set a record or moved most.
Private equity funds · Continuation · the recent trend, flattening · 3 years
Venture capital funds · Continuation · the recent trend, flattening · 3 years
Dashed: the projection from the latest reading. Shaded: the range about two in three outcomes land in. A projection, not a promise.
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.
The two halves of private equity investing side by side: buyout and growth funds, and venture capital funds that back young companies, measured the same way from the advisers’ own filings.
What this chart reads
- Private Equity Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions)as “Private equity funds”latest 2025-12-31
- Venture Capital Funds: Gross Assets on Form ADV (SEC statistics, annual, $ trillions)as “Venture capital funds”latest 2025-12-31
Sources
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.
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.
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.