Managers increasingly look towards private wealth for capital raising

Private capital ‘challenging’

Fund managers are increasingly pivoting towards the private wealth industry when it comes to capital raising, as it has become more difficult to achieve the same from institutional investors and private capital, a report by data provider Preqin found.

The shift is being caused by institutional investors approaching their long-term strategic asset allocation targets as well as facing economic headwinds, making it much more difficult to raise capital from them, the report said. Additionally, companies are staying private for longer and an increasing portion of value creation is "potentially being created outside of public markets", Preqin said. Nevertheless, Preqin said that capital raising from private capital will continue to grow, just at a much slower pace. Preqin's Fundraising from Private Wealth report forecasted institution...