Definition of “privately” - English Dictionary

(Definition of “privately” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“privately” in Business English

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/ˈpraɪvətli/ uk us

not said or done officially or publicly:

say/acknowledge/admit privately Officials privately admitted that the data was unreliable.
speak/meet privately (with sb) He met privately with his administrative team late in the day.

ECONOMICS owned or financed by a company or group of people, rather than by the government:

privately run/operated/managed.
privately funded projects

(Definition of “privately” from the Cambridge Business English Dictionary © Cambridge University Press)