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Footnotes

1  MSCI’s Private Capital Intel covers over since inception quarterly returns and cash flow data for over 15,000 private capital funds and funds of funds, capitalized over USD 10 trillion, as of December 31, 2024.

2  World’s largest asset managers as determined by the report “The world’s largest 500 asset managers” — a Thinking Ahead Institute and Pensions & Investments joint study. AUM and rankings calculated as of December 2023. Report published in October 2024. MSCI clients as of September 30, 2024.

3  As of December 2024.