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Laxman Pai, Opalesque Asia: North American fund managers are increasingly looking to raise funds in Europe as they seek to broaden their investor base, according to a study.
The Ocorian's study with private equity, private debt, real estate, venture capital, and infrastructure fund management executives in the US and Canada responsible for $1.591 trillion assets under management found 83% already raised capital in Europe.
More than a third (35%) who do not currently raise capital in Europe plan to start doing so within 12 to 24 months, it said.
The research indicated that around 61% say the growing recognition among North American fund managers of the benefits of broadening their investor base is among the top three reasons for increased capital raising in Europe over the next two years, while more than half (53%) say the high level of investment opportunities in North America are attracting European investors.
Around half of questioned (48%) say there is a preference for US-managed products compared with European, while 43% say the growing levels of dry powder at European institutional investors are among the top three reasons likely to boost capital raising in Europe.
Ocorian's research questioned fund managers on what would prevent increased capital raising in Europe and found 62% saying the cost of entry against market upside is one of the top three reasons that could hit capital raising, while 49% said problems recruiting people to lead capital ra...................... To view our full article Click here
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