July 2022 Alternative Investment News Round-Up

As the nation’s economy sits between a rock and a hard place, Chairman Powell announces that he’s chosen the rock. Plus: inflows have slowed down, but the alternatives industry continues its upward trajectory. Read on for our curated list of the most important news for alts investors right now.

The Alternative Investment News Round-Up is a monthly digest of five “must read” stories from around the Web.

Events

OZ Pitch Day Summer 2022 (OpportunityDb)

“This upcoming online event is designed to match investors who have capitals gains with Qualified Opportunity Funds that are seeking capital. Investing within your 180-day window is of crucial importance for OZ investors. This event can help you find the right funds and projects to invest in.”

Plus: Urban Catalyst’s Second OZ Fund Hits $100 Million In Funding (OpportunityDb)

Industry

Blackstone, Other Large Private-Equity Firms Turn Attention to Vast Retail Market (WSJ)

“Private-equity firms have spent decades raking in giant sums from pension funds and other big institutions. Now they are going hat in hand to a different kind of investor: everyday millionaires. Some of the biggest firms, including Blackstone Inc., Blue Owl Capital Inc., Apollo Global Management Inc., and Ares Management Corp., have created a host of new products aimed at people with $1 million to $5 million in investible assets and are hiring armies of staff to market them to private banks and independent financial advisers.”

Macro

Powell Says Fed Must Accept Higher Recession Risk to Combat Inflation (WSJ)

“Mr. Powell said the central bank had to raise rates rapidly, even if that raises the risk of recession, to avoid a worse danger for the economy—of higher inflation becoming entrenched. He said the Fed didn’t have the luxury of moving rates up gradually because of concern that the recent period of high inflation may lead consumers and price-setters to expect elevated prices to persist.”

Markets / Products

Non-Traded Alts Raise $52 Billion Through May, Stanger Lowers REIT/BDC Sales Projections (TheDIWire)

“Fundraising for non-traded alternative investments totaled $52.1 billion through May 2022, a 108 percent increase over the same period of 2021, according to Robert A. Stanger and Co… Sales of net asset value real estate investment trusts topped $18.9 billion, followed by non-traded business development companies with $13.8 billion, interval funds with $11.6 billion, and Delaware statutory trusts with $4.5 billion.”

Policy & Legislation

Real Estate Forcefully Pushes Back On SEC’s Proposed Emissions Reporting Rules (Bisnow)

“Major players in the commercial real estate industry are urging the Securities and Exchange Commission to pump the brakes on a key piece of its proposed emissions reporting rules, saying it’s too difficult to compile the data… Industry groups like Real Estate Roundtable, Nareit and the Commercial Real Estate Finance Council wrote comments to the SEC last month advocating against individual companies being required to report emissions generated by certain building materials or tenants, a key component of the agency’s proposed climate change disclosure rule.”

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