|
Laxman Pai, Opalesque Asia: Total assets under management (AUM) for Europe-based alternatives funds have reached 2.00tn ($2.36tn) for the first time as of the end of 2019.
This is up from 1.79tn at the end of 2018, and 1.39tn at the end of 2015, said Preqin's third annual Alternative Assets in Europe report.
The report finds that private equity (795bn) and hedge fund (609bn) sectors making up the majority of the Europe-based alternative asset funds.
"The growth of the European alternatives industry has been impressive, with an increase of more than 200bn in just 12 months," the report highlighted.
In fact, AUM has grown by 44% between December 2015 and December 2019, and Europe now accounts for 21% of the global industry. This is overseen by a manager universe of more than 6,900 firms and backed by almost 3,000 institutional investors in the region.
UK is the largest market, France and Germany stand out
The UK is the largest market, with 1,180bn in AUM, followed by France (242bn); since the beginning of the year, Germany overtook the UK as the most active private capital market by total deal value for the first time.
"The European alternative landscape is as complex and dynamic as the countries within it. Although the UK commands over half of all assets in Europe, we are seeing other countries such as France and Germany growing in influence," the report said.
France is the largest alternative asset market in mai...................... To view our full article Click here
|
RSS
