Alternatives drive inflows at buoyant AXA IM

Record capital raise

Alternatives are in high demand at AXA IM, helping drive the 25% increase in underlying earnings and bolstering assets under management, according to its 2021 full-year earnings.

AXA IM Alts raised €18.2bn of capital across 2021, of which €10.2bn was third party money, with the bulk of the funds directed towards its private debt and alternative credit, and real estate equity arms. AXA IM launches firm's first social bond fund Capital raised from third parties was almost equally spread across European and non-European clients and helped push AUM at the alternatives business up 14% year-on-year to €183bn, with revenues up 18% to €591m, accounting for more than a third of total AXA IM revenues. Across its core business, fixed income was the target of third-par...