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PE leads the way as annual global alt investment allocations top $740bn

Private equity led the way in terms of alternative investment fundraising, accounting for 61% of the $740bn of global asset allocations made in in the year ended 31 March 2023, according to a new report by Dasseti and Alternatives Watch.

The 2023 Manager Compendium research report, which covers six asset classes – private equity, venture capital, hedge funds, private credit, real estate and infrastructure – shows no slow-down in capital deployed to alternative investments globally, despite predictions that allocations would plateau or decline in the volatile 2022 and early 2023 inflationary environment.

Credit strategies, including direct lending, distressed and CLO strategies, also proved popular with investors, pulling in $159.8 billion during the year – roughly 21% of the overall activity.

Firms that raised the largest funds in the survey were Advent International, Blackstone, Thoma Bravo, KKR, I Squared Capital, Clearlake Capital Group, Francisco Partners, Blue Owl Capital and Churchill Asset Management.

Largest funds raised during the year were: Advent International GPE X ($25 billion); Blackstone – Strategic Partners IX ($25 billion); Thoma Bravo XV ($24.3 billion); KKR North America XIII ($19 billion); and KKR Global Infrastructure Investors IV ($17 billion).

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