By Susan Barreto, Editor of Alternatives Watch
The alternative investment industry assets soared by at least $97 billion as measured by the fund launches and closes reported by Alternatives Watch in April 2021. The figure eclipses all of the assets raised in the first quarter, according to the latest AW Manager Scorecard.
Firm’s leading the way, were EQT, KKR, Ares Management, Genstar Capital and Ardian – accounting for $60.4 billion between them and showcasing the greater demand for private equity and real estate offerings, specifically.
For the year-to-date through April, private market fundraising totaled $192 billion as measured by the Alternatives Watch Manager Scorecard.
Private equity fund closes led March’s blockbuster fundraising in welcoming $25 billion in fresh capital, according to the latest Alternatives Watch Manager Scorecard that tallied a total of $45 billion in new capital inflows among private equity, private debt, hedge fund and real estate funds.
On annualized basis, alternatives managers are on track for a strong year for fundraising, with the first quarter seeing $95 billion in capital inflows to specific funds tracked by Alternatives Watch. By comparison, all of 2020, we tracked over $300 billion in fund closes and initial fundraises for a myriad of alternative investments.
The top 10 alternative investment funds raised, ranked by fund, follow below.
Manager Fund Name Assets raised ($m)
|KKR||KKR Asian Fund IV||$15,000|
|Ares Management||Ares Capital Europe V||$13,000|
|Genstar Capital||Genstar Capital Partners X||$11,700|
|Ardian||Ardian Buyout Fund VII||$9,000|
|BlackRock Real Assets||BlackRock’s Global Renewable Power Fund III||$4,800|
|Generate Advisors||CLO platform of York, Kennedy Lewis||$4,200|
|IPI Partners||IPI Partners II||$3,800|
|AlpInvest Partners||AlpInvest Co-Investment Fund VIII||$3,500|
|Peak Rock Capital||Peak Rock Capital Fund III||$2,000|
|Ares Management||Ares U.S. Real Estate Opportunity Fund III||$1,700|