diff --git a/prisma/migrations/20220430193522_added_private_equity_to_asset_sub_class/migration.sql b/prisma/migrations/20220430193522_added_private_equity_to_asset_sub_class/migration.sql
new file mode 100644
index 000000000..6578247d8
--- /dev/null
+++ b/prisma/migrations/20220430193522_added_private_equity_to_asset_sub_class/migration.sql
@@ -0,0 +1,2 @@
+-- AlterEnum
+ALTER TYPE "AssetSubClass" ADD VALUE 'PRIVATE_EQUITY';
diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index a267ab811..c5a03dc93 100644
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -195,6 +195,7 @@ enum AssetSubClass {
   ETF
   MUTUALFUND
   PRECIOUS_METAL
+  PRIVATE_EQUITY
   STOCK
 }