Private equity could see more growth in 2026 due to a low rate regime and global stock market (boom), Nikkei Asia reported Friday.

The global value of private assets held in funds reached more than $14 trillion in 2026, rising about 10% and a historic high, the report said, citing asset servicing firm Ocorian.

The figure could hit around $24 trillion in the next five years, while private equity could surge to $17.4 trillion, according to the report.

After a slump in private equity deals post-2021, transactions including those in Asia are on the recovery route, the report said.

The large gap between public and private market valuations "suggests that deal activity will become a bit more active," the report quoted John Kettnich, a partner at private equity firm StepStone Group, as saying.

Stock markets in the US, Japan, Hong Kong, and India have seen a surge due to increased AI investments and greater IPOs, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)