|
Getting your Trinity Audio player ready...
|
NEW YORK — Alternative investment fundraising reached $102.3 billion through July 2025, according to the latest Market Pulse report from Robert A. Stanger & Company. The surge was led by non-traded business development companies (BDCs), which raised $26.7 billion, followed by private placements—including infrastructure and private equity offerings—at $23.5 billion. Interval funds contributed $21.6 billion, while private BDCs added $9.2 billion.
Credit-focused strategies continue to dominate investor interest. Public non-traded BDC inflows rose 27.7% year-over-year, reflecting strong demand for higher-yielding assets. In real estate, private REITs raised $4.9 billion, marking a 74.8% increase, while public non-traded REITs declined 9.1% to $3.4 billion, indicating a shift toward less-regulated structures.
“After a robust first half of the year in alternative investment capital formation, Stanger reiterates our belief that fundraising should top $200 billion for the year once we have completed a full integration of closed-end tender offer funds into our analysis,” said Kevin T. Gannon, Chairman of Robert A. Stanger & Co., Inc.
Top fundraisers for the year include Blackstone ($16.6 billion), Cliffwater ($10.1 billion), KKR ($8.7 billion), Ares Management ($8.1 billion), and Blue Owl Capital ($8.1 billion), according to Randy Sweetman, Executive Managing Director at Stanger.
The firm’s survey tracks retail-sold alternatives across a broad spectrum, including non-traded REITs, BDCs, interval funds, non-traded preferred stock, Delaware statutory trusts, opportunity zones, and private placements.
Excerpts sourced from Mari Nicholson’s article published by AltsWire on August 25, 2025.
