Preqin Global Alternatives Reports 2020 (Preqin)

Summary

• Private equity assets under management (AUM) hit a record $4.11tn as of June 2019, despite challenging market conditions and dampening deal flow.p.3
• Private real estate fundraising reached an all-time high of $151bn in 2019, boosting total AUM to a record $992bn as of June 2019.p.11
• Private debt AUM reached a record $812bn as of June 2019, making it the third-largest asset class in private capital.p.20
• Unlisted infrastructure AUM surged past $500bn at the end of 2018 to stand at a record-high $582bn as of June 2019.p.39
• Natural resources AUM surpassed a record high of $760bn in 2019, with total fundraising exceeding $100bn for the second consecutive year at $109bn.p.50
• Hedge fund AUM grew by 4.6% to reach $3.61tn as of November 2019, supported by a benchmark return of +11.45% over the year.p.29

Key insights

1. In 2019, the 20 largest private equity funds captured 45% of all committed capital globally.p.3
2. Mobile internet users in China reached 847 million as of June 2019, an increase of only 0.5% compared to the end of 2018.p.5
3. Venture capital-backed fintech deal value surpassed $3bn in 2019 amidst rising company valuations.p.7
4. Opportunistic real estate fundraising surged by 38% in 2019 to raise almost $70bn in aggregate capital.p.11
5. Logistics private equity real estate deals reached a record 207 transactions worth an aggregate $32bn in 2019.p.15
6. Investors withdrew a net $82bn from hedge funds in the year to November 2019, marking the worst year for redemptions since 2016.p.29
7. Median net IRRs for infrastructure funds hovered around 10-11% in recent vintage years.p.39
8. Renewable energy funds accounted for 68% of energy-focused funds closed and 44% of aggregate capital raised in 2019.p.54