Fund managers look overseas for capital raising

The majority of fund managers are targeting overseas markets in their fundraising efforts, according to a new study.

Research conducted by funds services provider Carne Group found that 96% of the surveyed fund managers will do so in the next 12 months.

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Almost a fifth (18%) of US managers plan to raise money from continental Europe for the first time while almost a third of UK managers (30%) plan to do the same.

Fundraising trends in the alternatives market

The UK has also become a fund raising target for other managers. A third of US managers (34%) plan to do this for the first time in the next 12 months while 33% of EU managers expect to follow suit.

One reason for the increased interest in the UK is the recent announcement from the UK government that UK has been granted equivalent status by the EU under the Overseas Funds Regime, thereby enabling EU UCITS funds to be marketed to the UK’s retail investment market.

A similar number of US managers (34%) also plan to target UK investors as part of their fundraising strategy.

Private equity resilient despite low fundraising and exits last year

The study also revealed an expectation that fund raising across alternative asset classes will increase in 2024. As many as 83% expect real estate fund managers to raise more capital while 78% expect the same of private equity funds.

“2024 looks like it will be a very busy year for fund managers raising capital,” said John Donohoe, Carne Group CEO. “Our research shows that many are looking to focus on new markets to do this, and they will use a number of channels to help raise capital.

“The fund managers we surveyed reveal that they believe all the main fund domiciles are set to benefit from increased investor flows, such as Luxembourg and Ireland which are already well-established fund hubs for UCITS and alternative investment fund (AIF) structures. These European funds are also effective structures to raise capital from UK, APAC, and Middle Eastern investors,” added Donohoe.

The study interviewed 201 fund management executives across nine countries.



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