Assets under management in private markets here are forecast to grow by over 14% on average every year over the next five years, according to an analysis by PwC.
That would see the total value of those assets reaching €50 billion by 2025, up from €25 billion last year.
The anticipated outcome compares to expected growth globally of up to 8% on average per year, which would see the total value of assets reaching $15 trillion (€12.6 trillion) in 2025, up from $9.5 trillion (€8 trillion) in 2020.
The accounting firm sought the views of around 100 global asset managers at a recent webcast it hosted here.
The webcast heard that returns are harder to find in an era of low rates and investors are increasingly looking to the private markets, which will play a key role in providing the capital to get economies back to growth.
That is reflected in shift to non-bank lending, which has now exceed bank lending in advanced economies.
It is claimed that private equity investment could help turn around businesses in sectors hardest hit by Covid-19, such as hospitality, travel and leisure.
"Ireland's key success factors as an international centre for funds management and alternative investment, include our 30 year proven track record with over 40% of global alternative investment fund assets currently serviced in Ireland, product range, highly talented flexible people, a sustainable business proposition as well as continued access to the EU," Andrea Kelly, PwC Ireland Leader for Private Markets and Alternative Investment Funds, said.
"In particular, US investors have a deep affinity for Ireland, including using Ireland as a gateway to Europe. However, there may be some more work to do to promote the benefits of our regulatory and tax regimes to international asset managers," he added.