North American fund managers are increasingly looking to raise funds in Europe as they seek to broaden their investor base, according to Ocorian.
Ocorian’s study with private equity, private debt, real estate, venture capital and infrastructure fund management executives in the US and Canada responsible for $1.591 trillion assets under management found 83 percent already raise capital in Europe. More than a third (35 percent) who do not currently raise capital in Europe plan to start doing so within 12 to 24 months.
Around 61 percent say the growing recognition among North American fund managers of the benefits of broadening their investor base is among the top three reasons for increased capital raising in Europe over the next two years, while more than half (53 percent) say the high level of investment opportunities in North America are attracting European investors.
Around half questioned (48 percent) say there is a preference for U.S. managed products comp
