by Robert A. Stanger & Company, Inc.
Alternative Investment fundraising is on a tear totaling $11.5 billion in February, according to Robert A. Stanger & Company, Inc.
NAV REITs led, posting $4.4 billion for the month, while nontraded perpetual-life BDCs added another $3.3 billion. Blackstone raised $4.7 billion in the alternative-investment space in February, including BREIT with $2.9 billion and its perpetual-life BDC, Blackstone Private Credit Fund (BCRED), with $1.7 billion. Other top February fundraisers are HPS Investment Partners ($911 million, perpetual-life BDC) and Starwood Capital ($753 million, NAV REIT).
With the flurry of sponsors exploring the NAV REIT and non-traded BDC spaces, Stanger is expecting another record-breaking year for alternative assets.
“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 fundr
