The private investment industry has experienced tremendous growth over the past decade. In the U.S. alone, regulatory assets under management have more than doubled since 2013, reaching $128 trillion in 2023. This trend is expected to continue with assets under management projected to reach $145 trillion by 2025.

This rapid expansion of private equity, real estate, hedge funds and venture capital has put the industry in the spotlight of regulators who are concerned about potential risks for investors and the financial system as a whole, including illicit finance risks. READ MORE