Alternatives
in 2020
2019 Key Facts
Megatrends
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With global alternatives assets under management surging to over $10tn in 2019 – a new record – the industry is continuing to grow. At the same time, new technologies and an increasing investor focus on ESG are generating new opportunities for investment.
Access the highlights from the main reports in Alternatives in 2020. Across private equity & venture capital, private debt, hedge funds, real estate, infrastructure, and natural resources, we look at the core megatrends driving change, and hear from a range of industry professionals on the key themes at play.
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Market-Leading Data and Analysis
Hear from industry experts as they share their views on key trends for the year ahead, including technology, ESG, value creation and much more.
Contributions
In the 2020 Preqin Global Alternatives Reports, market-leading data and analysis of contemporary trends and sentiment combine with expert industry commentary to form the most complete and in-depth reviews of the alternative assets industry available.
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$4.11tn
Global private equity assets under management as of June 2019
$104bn
Total capital raised by private debt funds closed in 2019.
67% and 69%
Proportions of surveyed hedge fund managers and investors respectively that believe we are at the top of the equity
market cycle.
9,328
Number of private equity real estate deals completed in 2019, down from 9,795 in 2018.
84%
Proportion of infrastructure investors that intend to commit as much, or more, capital to the asset class in 2020 compared to 2019.
8.2%
Natural resources median annualized net return in the three years to June 2019.
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Key themes shaping the alternative assets industry
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Capital Consolidation
The largest private equity funds closed in 2019 swept up vast amounts of capital: 39% of all capital raised went to the 20 largest funds.
Competition for Deals
As AUM continues to rise, the challenge for managers
is to find value in an increasingly competitive dealmaking
environment.
Emerging Manager Demand
Investors are increasingly looking to smaller or newer
funds in search of outperformance or favorable fee
terms.
Complex Niches
New niches such as PropTech and new avenues in retail are shaping the industry as they grow.
Market Slowdown
If there is one thing almost everyone can agree on, it
is that there is a market slowdown coming. But when
exactly to expect it, what sectors will be most exposed,
and whether investors should be adjusting their
approach in anticipation are all hotly contested.
Sustainability
Investors are increasingly taking environmental, social, and governance (ESG) factors into account, pushing fund managers to do the same.
Alex Brooks
Partner,
Capstone Partners
It's a shame that a few bad headlines mask the
obvious good private equity does.
There is a big opportunity in the SME market. The sheer number of smaller companies in Europe is vast, yet working with them is not straightforward.
Alex Schmid
Founding Partner & CEO,
ESO Capital
Today’s hedge fund investors are increasingly voicing specific demands, and flexibility has become paramount for hedge funds desiring to forge deeper investor partnerships. Indeed, there is an increasing number of managers acknowledging the value of customized solutions.
Tom Kehoe
Global Head of Research and Communications,
AIMA
Global investors continue to prefer the valued gateway markets of San Francisco, New York, and Washington, DC – with proven track records of
performance even though cap rates compressed significantly later in the economic cycle.
Laura Dietzel
Partner, Real Estate Senior Analyst,
RSM US LLP
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Private
Equity
Private
Debt
Hedge
Funds
Real
Estate
Infrastructure
Natural
Resources
Private
Equity
Private
Debt
Hedge
Funds
Real
Estate
Infrastructure
Natural
Resources
