The majority of firms surveyed are actively looking for new types of investors to fuel growth, according to the 2024 EY Global Alternative Fund Survey.
Alternative assets under management (AUM) climbed from $13.3 trillion at the end of 2021 to $17.6 trillion by the midpoint of 2024. And growth is expected to escalate. Forecasts
suggest that global alternatives industry AUM could expand to $29.2 trillion by 2029.
Demand for greater accessibility is strong, but the advance of democratization will bring challenges, too. The need for education, compliance and efficiency will push many alternative fund managers to make significant and far-reaching changes to their business models.
To read the full survey,
