Fund managers expect alternative asset classes to see the biggest increase in fundraising this year, according to new research from Carne Group, a provider of fund regulation and governance solutions for the asset management industry.

Research commissioned by Carne Group tapped 200 senior executives working for fund managers in the UK, US, Germany, Switzerland, Italy, France, the Netherlands, Norway, Finland and Denmark, with a total $1.6trn of assets under management. The fund management sectors covered included hedge funds, private equity, real estate, infrastructure, private debt, equity and fixed income.

When asked to select the top five asset classes they expect to see the biggest increase in fundraising in 2024, private equity came top, followed by renewable energy, hedge funds, private debt and real estate.

In a separate study that looked at wealth managers and institutional investors including pension funds, insurers and family offices, 71% said they expected their organisation to increase their allocation to private equity by 10% or more in 2024. Some 70% said the same about their allocation to private debt.

However, a big challenge for alternative fund managers is an expected increase in consolidation in their markets, driven by fundraising challenges and increasing regulatory costs. During the next five years, 69% of fund managers surveyed expect the level of consolidation in the private equity sector to increase.

Notes to editors 

*Carne Group commissioned the market research company Pureprofile to interview 201 senior executives working for fund managers in the UK, US, Germany, Switzerland, Italy, France, the Netherlands, Norway, Finland and Denmark with a total of $1.6 trillion assets under management. The fund management sectors covered include hedge funds, private equity, real estate, infrastructure, private debt, equity, fixed income and multi asset classes.  

Those interviewed included COOs, CFOs, CROs, Heads of Product, Heads of Compliance, Head of Legal and senior fund managers. 

The survey was conducted in December 2023 and January 2024. 

**Carne Group commissioned the market research company Pureprofile to interview 201 investors working for pension funds, family offices, wealth managers, insurance asset managers and consultants to institutional investors and asset managers in the UK, Germany, Switzerland, Italy, France, the Netherlands, Norway, Finland and Denmark with a total of $1.7 trillion assets under management.  

The survey was conducted in December 2023 and January 2024. 

About Carne Group 

Founded in 2004, Carne Group is an international company that has established itself as an expert and pioneer in fund regulation and governance solutions, allowing it to become Europe’s leading third-party management company and trusted partner to the fund management industry. 

Carne works with more than 650 clients – from boutique fund managers to global institutional investors -  supporting funds distributed in over 160 countries and overseeing more than $2 trillion assets under management. Carne employs more than 700 employees worldwide. https://www.carnegroup.com/ 

This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice.