by Robert A. Sanger & Company
Alternative-investment fundraising hit a record $10.5 billion in January, up 175% from $3.7 billion in January 2021, reported Robert A. Sanger & Company.
Blackstone raised $4.2 billion in the alternative-investment space, including BREIT with $2.4 billion and its perpetual-life BDC, Blackstone Private Credit Fund (BCRED), with $1.7 billion. Apollo Asset Management followed with $1.1 billion in its perpetual-life BDC, Apollo Debt Solutions, which recently broke escrow.
“Based on new registration activity and pre-registration discussions, we are projecting $120 billion in 2022 fundraising for all alternatives Stanger covers,” said Kevin T. Gannon, chairman of Stanger. “This includes our fundraising projections of $45 billion for non-traded REITs, and $40 billion for non-traded BDCs.”
Top alternative-investment sponsors for January identified by Stanger are Blackstone Group ($4.174 billion), Apollo Global Management ($1.086 billion), Cliffwater LLC ($69
