The number of #PrivateEquity backed companies surpassed the number of the US #stocks Despite the fact that the US population in 2022 was 1.5x that of 1976, real GDP per capita was 2.2x higher, and the overall number of firms was nearly 1.5x higher, the US #stockmarket had fewer companies in 2022 than in 1976. Researchers estimate that the “listing gap”, the estimate of how many companies should be listed on the stock market, in the US is 5,800 to 12,200 companies. At the same time, the aggregate revenues of the top 100 listed companies were 7x higher than top 100 private companies. Indicating that these companies are both large and important to the economy. Meanwhile, the number of #PrivateEquity backed companies continues to grow as the number of PE funds (+60% over 5 years) is increasing and their AUM is reaching all-time highs. The trend is likely to continue as companies tend to remain private for longer, GPs are increasing their fund sizes, and deploying their funds’ faster, hence backing more companies than ever. Source: Apollo, Morgan Stanley
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