The global alternatives industry is set to grow at a lesser pace compared to recent years as macroeconomic factors were expected to weigh on fundraising and performance, a report by Preqin found.
The firm's ‘Future of Alternatives 2028' report found that global alternatives assets under management are expected to reach $24.5trn in 2028, representing a forecast annualised growth rate of 8.4% from 2022 to 2028, falling from 12.3% for 2016 to 2022. Global private capital fundraising was set to reach just $1.49trn by 2028, from $1.32trn in 2022, a considerable slowdown after receiving a wave of money in the past decade. While global private equity assets under management are expected to grow at a 10% compound rate from 2022 to 2028, reaching $8.5trn by the end of the period, perfo...
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