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Laxman Pai, Opalesque Asia: Europe-based alternative asset fund managers now hold €2.06tn ($2.43bn) in assets under management (AUM) as of December 2020, up from €1.81tn a year ago-an increase of over 13%-and are on track to make 2021 a record year for fundraising.
According to Preqin's 2021 Alternative Assets in Europe Report produced with leading European asset manager Amundi, AUM had grown by 59% over the five years from December 2016 to December 2020, and Europe now accounts for 24% of the global alternative assets industry.
Fundraising, investment, and performance have accelerated in H1 2021. Fundraising by Europe-based private capital GPs in H1 2021 reached 59% of 2020's full-year total, which, despite the practical challenges caused by travel and meeting restrictions, was the second-highest on record.
Investment teams have been busy, with the value of private capital transactions closed in H1 2021 already at 83% of 2020's full-year total, with venture capital, infrastructure, and private equity the most active sectors.
Strong equity and debt capital markets since Q2 2020 have translated into a buoyant exit market, not just for IPOs, but also for trade sales and refinancing.
While return data in the early years of limited partnership funds is only an indicator of future performance, median net IRRs for 2018 vintage private equity and venture capital (PEVC) funds stand at 22.0%, while vintages 2011-2017 have been lifted to between 14.0% and 1...................... To view our full article Click here
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