Private equity attracting more investment
Over 70 per cent of investors in Europe intend to allocate more to private equity this year, says a private markets survey by BlackRock Alternatives. In private credit, more than half of respondents globally plan to add to their holdings in 2023, particularly real estate. The survey shows sophisticated investors have moved on from the 60/40 allocation model and that private assets will continue to grow as a percentage of global portfolios. Over 82 per cent of investors chose income generation as the most important factor driving private markets investments. Capital appreciation was the next highest priority at 58 per cent of respondents. Appetite for private credit was also increasing due to the search for income, particularly infrastructure and real estate debt. More than half of respondents globally planned to add to their private credit holdings.