Alternative assets continue to grow in prominence and, as they occupy ever-growing proportions of investors’ portfolios, the alternatives industry has continued to increase in size. The assets under management of alternative asset classes now stands at $6.91tn, having increased by $648bn over the course of the past year.
The report below brings together the results of a series of in-depth interviews with over 440 institutional investors, conducted by Preqin’s analysts for the latest editions of the Preqin Global Alternatives Reports. This has enabled them to provide a comprehensive overview of institutional investor activity in 2014, their plans for the next 12 months, their changing allocations, the fund searches they are conducting and their views on the key issues impacting their alternatives portfolios.
While there are naturally areas of concern among the institutional community, the majority of investors remain confident in the ability of alternative assets to help achieve portfolio objectives. Indeed, across all asset classes, a much larger proportion of investors plan to increase their exposure rather than cut back their allocations to alternatives. The alternatives landscape is becoming evermore diverse, and institutional investors are increasingly diversifying their portfolios to include a range of different asset classes. Private debt is increasingly being viewed by the institutional community as an independent asset class, and for the first time, we present the attitudes of investors in private debt alongside the views of investors in other alternative asset classes.
In addition to chapters focused on institutional investors, the 2015 Preqin Global Alternatives Reports cover fundraising, performance, deals, fund managers, secondaries, fund terms, placement agents, consultants, service providers and more across the private equity, hedge fund, real estate, infrastructure and private debt asset classes.