Funds-of-funds post record high US$53.2 billion AUM in 2020
Funds-of-funds globally increased their total value of assets under management to a record high of at least US$53.2 billion at the end of 2020, marking the third consecutive year of growth, according to the ANREV/INREV/NCREIF Fund Manager Survey 2021.
The Funds of Funds Study 2021, jointly published by INREV and ANREV in July, paints a similar picture of a consistently dominant appetite for large, core-style funds-of-funds with global strategies, in particular.
Both studies highlight investor interest in funds-of-funds that offer the benefits of scale, sector and geographic diversification across a wide array of nonlisted real estate investment strategies, and that follow a core strategy. The combined data reflect the continuing trend towards investor consolidation as well as greater focus on strategic reviews — factors likely to drive demand for funds-of-funds targeting global strategies.
Global strategies dominate