Alternatives Fundraising from Retail Investors on Track to Reach $115B in 2024Alternatives Fundraising from Retail Investors on Track to Reach $115B in 2024
Robert A. Stanger & Co. raised its forecast for the year after strong inflows during the first half of 2024.
Investment banking firm Robert A. Stanger & Co. raised its forecast for alternative investment fundraising by retail investors to $115 billion in 2024 after a solid first half of the year. Previously, Stanger forecasted approximately $110 billion in fundraising for the year.
According to the firm, fundraising for alternative investments available through the retail channel reached $57.4 billion year-to-date through June. Non-traded business development companies led the pack, with $18 billion, representing a 133% increase compared to the same period in 2023.
Interval funds came in second with $13.6 billion. Infrastructure, private equity and other private offerings totaled $10.3 billion in fundraising.
At the same time, fundraising for non-traded REITs declined 61% year-over-year to $3.1 billion, as many investors have repositioned their money toward investment in private placement REITs. According to Stanger, fundraising for private REITs reached $2.5 billion year-to-date through June.
Blackstone continued to dominate fundraising for alternative investment during the period, amassing $9.6 billion. Other top fundraisers in the space included Cliffwater, with $6.7 billion; Blue Owl Capital, with $5.4 billion; Area Management Corp., with $4.9 billion; and KKR, with $4.4 billion.
Stanger’s data is based on surveys of top sponsors for alternative investments offered through the retail channel and includes non-traded REITs, non-traded BDCs, interval funds, non-traded preferred stock of traded REITs, Delaware Statutory Trusts, Opportunity Zones and other private placements.
