European Asset Managers Pulse: Q3 2025
Private market firms face intensified challenges amid rising uncertainty.
Traditional asset managers are currently favored over private market firms due to their lower valuations and greater margin of safety, despite private markets offering higher growth and profitability. While traditional asset managers experience modest growth, they deliver strong returns on invested capital and may benefit from a recovery in active fund flows and lower interest rates.
Private market firms face fundraising challenges and delayed carried interest recognition due to difficulties exiting investments from recent vintages, and they trade at a premium compared to discounted traditional asset managers.
Our Q3 2025 European asset manager industry report analyses traditional and private-market asset management industries, market conditions, top industry picks for investors, and more.
Download the report to find attractive stocks in the asset management industry for your portfolio strategy.
