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Despite sustained higher inflation and an economic recession, inflows into non-traded alternative investments remain on pace for another record year, according to recent data from Robert A. Stanger and Co. and reported by The DI Wire.
Stanger reports that inflows into non-traded alts totaled $77.1 billion year-to-date through August 2022. This number represents a 56% increase compared to the same time period in 2021, which was itself a banner year for the alternatives industry.
“Based on current fundraising levels we… remain confident that our overall fundraising projection for all alternatives Stanger covers will reach $120 billion in 2022,” said Kevin T. Gannon, chairman of Robert A. Stanger and Co. “We expect some short-term choppiness in fundraising due to the capital market and interest rate environment.”
Blackstone continued its fundraising leadership among alts sponsors, with $25 billion so far in 2022. Other sponsors with leading fundraising totals include Blue Owl Capital, Cliffwater LLC, Starwood Capital, Apollo Global Management, and Bluerock Capital.
AltsDb co-founder Andy Hagans believes the momentum will continue into future years. “2021 was a great year for alts fundraising, against the backdrop of strong markets,” said Andy. “2022 is something else entirely. We’re seeing alternatives live up to their name as true portfolio diversifiers, and investors have noticed.”