Alternatives Watch

Yes 2024 was a BIG year for private credit strategies. Not only did they outperform private equity, but this style of lending is widely credited with keeping deal flow afloat within PE and real estate. What's next? Read our summary of the experts below! https://lnkd.in/gMdt5g_Y

December just flew by! Here's our round-up of our most read stories, in case anyone has some time this afternoon to catch up with us on what ended up busier than usual. Or is it just us? https://lnkd.in/gP7ZFS5V

BNP Paribas and AXA Investment Managers are moving closer to finalizing their landmark asset management deal, with the companies announcing the signing of a share purchase agreement for AXA Investment Managers. The signing follows consultations with employee representatives from both financial groups and marks a crucial step toward completing the $5.5 billion (€5.1 billion) transaction. https://lnkd.in/gZXkDzJR

Playing a little catch up with our Scorecard research here. What's an AW Research Scorecard you ask? Simply it was devised as a way for managers to get a sense of where they rank in the month's fund closing and investor mandate activity. Curious if your firm made the grade? Click on the link below for our round up of manager fund close activity. Our December Manager Scorecard is coming soon. https://lnkd.in/gaZ9e_zE

Federal Reserve Chairman Jerome Powell received a letter from to Banking Committee Chairman Sherrod Brown (D-Ohio) and Senator Jack Reed (D-R.I.) criticizing the unchecked growth of the private credit market on Friday, Dec. 20. The MFA outlined why the senators' concerns are overblown. https://lnkd.in/grs9xMT5

Illinois Municipal Retirement Fund trustees approved commitments to existing managers across multiple asset classes at their final board meeting of 2024. https://lnkd.in/gk93Z7YM

According to The Citco Group Limited, investors are still pouring more money into hedge funds, with capital flows set to end the year in positive territory. https://lnkd.in/gid4n7Bf

Ending the year on a high note, Antin Infrastructure Partners announced the closing of its fifth flagship fund at €10.2 billion ($10.7 billion). This marks what is expected to be the largest infrastructure fund closure worldwide in 2024. https://lnkd.in/gNzJ6uuk

The Texas Municipal Retirement System (TMRS) in Austin added six more funds to its private markets asset class in recent months https://lnkd.in/gTJhPyWx

On Wisconsin! Here's a look at what is in store for the State of Wisconsin Investment Board in 2025 and beyond. https://lnkd.in/gTNw3beH