by Robert A. Stanger & Co.
Alternative investment fundraising totaled $32.9 billion in the first quarter, led by NAV REITs at $12.2 billion, nontraded business development companies at $8.9 billion, interval funds at $7.1 billion, and Delaware statutory trusts at $2.9 billion, according to Robert A. Stanger & Co.
Blackstone raised $12.9 billion in the alternative investment space during the quarter, including BREIT with $7.8 billion and its perpetual-life BDC, Blackstone Private Credit Fund (BCRED), with $5.2 billion. Other first-quarter 2022 top fundraisers are Cliffwater ($2.2 billion in two credit interval funds) and Starwood Capital ($2 billion, SREIT).
With the flurry of sponsors exploring the NAV REIT and nontraded 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 Gannon,
