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Alternative Market Briefing

Over $201bn of alternatives AUM resides in France: Preqin

Wednesday, July 24, 2019

Laxman Pai, Opalesque Asia:

France represents the most developed alternative assets market in mainland Europe, Preqin said in its report on alternative assets in Europe.

Over €180bn ($200.6bn) of alternatives AUM resides in France, and Paris is home to a number of market-leading fund managers, it said.

Ardian is the second-largest fund manager in Europe by capital raised over the past 10 years for private equity investment (€87bn).

Amundi has invested more than €30bn in private real estate over the past 10 years in Europe, including €13.8bn of institutional money - €1bn more than any other Europe-based manager - while La Française Global Investment Solutions operates over €13bn in single-manager hedge fund AUM (as of January 2019).

Demand for French assets has led to growth and records across the country's alternative assets market.

Venture capital deals reached a record €2.9bn in value in 2018, while private equity-backed buyout deals have surpassed €15bn in two of the past four years: 17 deals have completed for €1bn or more since 2015.

Five deals for infrastructure assets were completed for €1bn or more in 2018, which is more than the previous two years combined (one in 2017 and two in 2016), led by KKR's acquisition of a 49.99% stake in tower company SFR TowerCo for €1.799bn in June.

On track for a property record

In the French private equity real estate (PERE) market, the total value of completed transactions has been on an up......................

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