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Market participants see greater signs of improvement in their outlook for alternative assets in 2025 – Preqin Global Reports 2025

LONDON, Dec. 11, 2024 (GLOBE NEWSWIRE) — Today Preqin, the global leader in alternative assets data, tools, and insights, published its Preqin Global Reports 2025. The six reports each delve into an alternative asset class: private equity, venture capital, private debt, hedge funds, real estate, and infrastructure.

All the Global Reports deliver analysis from Preqin subject matter experts covering forecasts on fundraising, fund managers, assets under management (AUM), deals, and performance in addition to investor appetite according to the latest Preqin investor survey conducted in November 2024, with 255 participants.

By combining qualitative and quantitative perspectives, Preqin analysts offer in–depth views on alternative assets’ pivotal trends and activities. Readers can expect a comprehensive understanding of investment dynamics and insights as well as how to navigate upcoming opportunities and challenges.

Cameron Joyce, Senior Vice President, Global Head of Research Insights at Preqin, says, “The macroeconomic backdrop has proved more resilient than anticipated, with limited signs of financial stress witnessed across financial markets. As policy rates begin to ease, market sentiment has become increasingly optimistic regarding the prospects for private capital. Notably, we anticipate a revitalized dealmaking environment in 2025, helping to bolster overall activity.”

Key highlights across all six alternative asset classes:

Investors and fund managers grow more optimistic toward private equity from 2025:

Global private equity raised $482bn with 646 funds by Q3 2024. This fundraising was strengthened by increased interest from certain types of investors, especially non–institutional ones. Recent fund search data from Preqin shows that non–institutional investors, including family offices and wealth managers, are increasingly attracted to private equity funds, alongside insurance companies and asset managers.

Venture capital AUM ($3.1tn) growth slows in 2024, while exit expectations rise for 2025:

Venture capital AUM globally declined slightly to $3.1tn by Q1 2024, the latest data available. Asia–Pacific (APAC) accounted for $1.6tn, followed by North America at $1.1tn, and Europe at $0.2tn*. By Q3 2024, venture capital exits totaled 852 with an aggregate value of $112bn, continuing the downward trend from 2023 when there were 1,969 exits aggregately valued at $270bn.    

Private debt investors shift to a defensive approach in 2024:

While private debt fundraising saw a substantial recovery after a slow Q1 2024, it was not enough to catch up the ground lost during those first three months of the year. This challenging fundraising environment for the asset class saw private debt investors adopt a more defensive approach as well as create a shift in the balance of power between fund managers and investors when it comes to fees.

Hedge funds return 10% globally in 2024 while proving diversification worth:

Preqin’s All Hedge Fund Index returned 10% in 2024 to Q3, or 14% at a compound annualized growth rate (CAGR). $25.5bn in hedge fund inflows in Q3 2024 resulted in $19.2bn in net subscriptions through the first nine months of the year. This single quarter, however, should for now be considered an outlier given net outflows have persisted for most of the last decade.

Global real estate deal market shows early signs of recovery in 2024:

Global real estate aggregate transaction value in North America, Europe and APAC all saw a rebound during the first three quarters of 2024, compared to same period in 2023. Meanwhile, fundraising moderated slightly in 2024, as total capital raised by the same period hit 61% of last year’s total, or $96bn.

Infrastructure dry powder as share of AUM falls to record low of 24% in 2024:

Infrastructure fundraising and deal–making remained soft in 2024 and are weighing on dry powder levels. Infrastructure dry powder, as a proportion of AUM, hit a new historical low in 2024. This AUM figure dropped 3%, or $38.5bn, over the first quarter of 2024** to 24%, compared with 35% at the end of 2020.

For more information, contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com.  

The 2025 Preqin Global Reports are available for Preqin Insights+ subscribers.

Please get in touch if you are a full–time member of the press and would like to receive a full copy of any of the following reports: private equity, venture capital, private debt, hedge funds, real estate and infrastructure.

Notes to the editors 

* Preqin updated its AUM methodology in September 2024. Please reach out for more information on the update. Funds denominated in Yuan Renminbi are included in these figures, with APAC becoming the largest region by AUM in 2016 following North America leading prior to that.

** The latest data available. Preqin has a six–month lag in its AUM analysis to ensure it has as complete a dataset as possible when calculating values. 

About Preqin 

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.


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Private debt in Saudi Arabia is at an inflection point — Preqin reports

LONDON, Nov. 24, 2024 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, today published its Territory Guide: The Rise of Private Debt Funds in Saudi Arabia 2024 report in partnership with SVC.

The report shows that private debt is becoming an increasingly attractive asset class in Saudi Arabia and is expected to grow, as the Kingdom’s private capital market continues to mature. This trend is driven by a growing interest from regional investors and global sources of capital, and the positive impact of the Vision 2030 reforms.

Regional investors increasingly bullish on private debt, notably on opportunities in Saudi Arabia

In recent years, regional and global investors have increasingly shifted their attention to Saudi Arabia. 97% of Middle East–based, surveyed institutional investors* cited the Kingdom as the market in the region offering the best opportunities in the next 12 months, up from 82% in 2023, Preqin survey data shows. Adding to this, for the second year in a row, private debt recorded the highest percentage of Middle East surveyed investors who plan to commit more capital to the asset class over the next 12 months. Over half (58%) of survey respondents said the same, up from 50% in 2023. In terms of asset class performance, 86% of surveyed investors said that their private debt portfolios met or exceeded expectations, up from 77% in 2023.

Enhanced investor confidence is underpinned by the work of government–led Vision 2030’s framework of economic reforms that aims to accelerate investment and transform the Kingdom’s oil–reliant economy. The improving regulatory environment has had a positive impact. Since Vision 2030 was launched in 2016, more than a quarter (27.5%) of Middle East–focused private debt deals were based in Saudi Arabia.

David Dawkins, lead author of the report, at Preqin, says, “Global investment firms are not alone in closely watching the growth and evolution of Saudi Arabia’s nascent private debt industry. For other developing economies in the Middle East and beyond, Saudi Arabia’s success in this area will strengthen the impetus for improving transparency to secure the capital needed for sustainable growth in a net zero world.”

Athary Fahad Almubarak, Chief Strategy Officer, SVC, added, “By analyzing insights from market players in this report, we highlight our commitment to enhancing transparency in Saudi Arabia's private capital markets. This report examines the key trends driving the growth of the expanding private debt asset class, showcasing its increasing potential in supporting the growth of small and medium–sized enterprises (SMEs) and driving economic diversification.”

Additional key findings include:

  • Funds in market: There are eight funds in market investing in Saudi Arabia, targeting more than $1.7bn. The total amount raised at final close by private debt funds investing in Saudi Arabia hit a record high of $335mn in 2022, when two funds announced their final close. That is a significant milestone given $32mn was raised in total, by one fund, in 2003.
  • Private debt funds with Saudi Arabia exposure: Of the total private debt funds with Saudi Arabia exposure that closed between 2016 and September 2024 by fund type, mezzanine funds represent half of the total Saudi Arabia exposure, followed by direct lending and venture debt funds at 30% and 20%, respectively.
  • SMEs growth: Support for start–ups and small to medium sized enterprises (SMEs) in Saudi Arabia is reflected in high percentage of venture debt that reached 75% of the total number of funds in market with Saudi Arabia exposure.

Notes to the editors

* Figures taken from the Preqin Middle East Investor Survey, February 2024.

If you would like more information or would like to speak with the report author, please contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

About SVC

SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund. SVC aims to stimulate and sustain financing for startups and SMEs from pre–Seed to pre–IPO through investment in funds and direct investment in startups and SMEs. Further information is available at www.svc.com.sa.


GLOBENEWSWIRE (Distribution ID 1001014751)

رأس المال الخاص السعودي يركز بشكل متزايد على النمو الداخلي في عام 2024 وما بعده – تقرير Preqin

لندن, April 29, 2024 (GLOBE NEWSWIRE) —

نشرت شركة Preqin، الرائدة عالميًا في مجال البيانات والرؤى البديلة، تقريرًا بعنوان نهوض رأس المال الخاص في المملكة العربية السعودية.

يلخص التقرير إلى موضوعين رئيسيين يعززان مستقبل مكانة المملكة في مشهد رأس المال الخاص: الموضوع الأول هو تعزيز حكومة المملكة ومستثمريها وشركاتها للشراكات مع مدراء الصناديق من أجل توفير المزيد من المعارف وتطوير البنى التحتية والاستثمارات المشتركة في الدولة. ويرى مدراء الصناديق أن المملكة أصبحت الآن أكثر من مجرد موقع لجمع رأس مال المستثمرين. الموضوع الثاني هو إقبال المملكة على الاستثمارات الداخلية من خلال الأسواق الخاصة،

والتي تواصل النمو مع ريادة الأعمال الداخلية والفرص الاستثمارية.

الدور الجديد لرأس المال الخاص ومدراء الصناديق في المملكة

يحقق مشروع رؤية المملكة 2030 التي تقوده الحكومة هدف زيادة التنويع الاقتصادي والاجتماعي والثقافي في الوقت الذي تنتقل فيه المملكة لحقبة ما بعد “ذروة النفط”. وتمثل الأسواق الخاصة عنصرًا رئيسيًا لهذا الانتقال.

وعلى مدار ما يربو على 30 عامًا، أثبتت المملكة أنها واحدة من الوجهات الأكثر موثوقية لجمع رأس المال الخاص. لكن في عام 2024، ستعزز المملكة هذه العلاقة التاريخية مع مدراء الصناديق من خلال توطيد التعاون معهم بالتركيز على نشر رأس المال محليًا لتعزيز المشاريع الاقتصادية، ما يساهم في إنجاز المملكة لطموحات رؤية 2030.

لقد أدرك مدراء الصناديق أهمية استغلال مسار النمو الذي تشهده المملكة خلال السنوات الأخيرة. ففي الفترة بين 2018 ويناير 2024، تظهر بيانات Preqin أن عدد مدراء الصناديق في المملكة شهد زيادة بمعدل 213% أي ارتفع من 47 إلى 147 مدير صندوق.

الإقبال على الاستثمار الداخلي: حقوق الملكية الخاصة وصفقات رأس المال الجريء

وفي معرض تعليقه على هذه المناسبة، يقول ديفيد دوكينز، المؤلف الرئيسي للتقرير لدى Preqin: “تسعى المملكة العربية السعودية في عام 2024 بشكل متزايد إلى استخدام رأس المال الخاص لدعم فئة رواد الأعمال الناشئة في الدولة من أجل الاستعداد للحياة بعد عصر النفط. وفي سبيل المساعدة على بناء الأعمال المحلية وإيجاد فرص العمل للشباب، يسعى المستثمرون في المنطقة إلى التعاون مع مدراء المشاريع لنقل المعارف وتطوير البنية التحتية والاستثمار المشترك”.

بنهاية عام 2023، انغلقت الفجوة بشكل شبه تام بين عدد صفقات حقوق الملكية الخاصة وصفقات رأس المال الجريء التي أكملها المستثمرون السعوديون محليًا، مقارنة بالمستثمرين بالخارج. تم عقد 118 صفقة في المملكة و119 صفقة في الخارج، خلال عام 2023. وبالمقارنة، عقدت المملكة 100 صفقة حقوق ملكية خاصة ورأس مال جريء محليًا و151 صفقة بالخارج خلال عام 2022.

لقد أثبتت المملكة أنها نجم ساطع خلال “شتاء” رأس المال الجريء في الفترة من 2020 إلى 2023 حين تباطأت الصفقات على مستوى العالم. بلغت القيمة الإجمالية لصفقات رأس المال الجريء في المملكة 1.02 مليار دولار أمريكي في عام 2023، مرتفعة من 794 مليون دولار أمريكي في عام 2022.

تشمل الاستنتاجات الرئيسية الإضافية لتقرير نهوض رأس المال الخاص في المملكة العربية السعودية: دليل منطقة Preqin:

  • الاستثمارات المشتركة لرأس المال الجريء: تم عقد 47 صفقة رأسمال جريء بين مدراء الصناديق غير السعوديين والمستثمرين السعوديين في الفترة من 2018 إلى 2023. وقد تمت ثلاثة أرباع الصفقات تقريبًا، أي 34 صفقة من بين 47 صفقة في الفترة بين 2021 و2023، مما يبرز زخم هذا الاتجاه في عام 2024 وما بعده.
  • صفقات رأس المال الجريء البارزة: لقد أصبحت منصة تمارا المتخصصة في المدفوعات البنكية والتسوق، أول شركة مليارية متخصصة في التقنيات المالية بعد تأمين حصولها على 340 مليون دولار أمريكي في جولة تمويل حقوق ملكية من الفئة C في ديسمبر 2023.
  • عدد مدراء رأس المال الخاص الذين يركزون على السعودية: بنهاية عام 2021، كان هناك 131 مدير نشط يركز على نشر رأس المال في المملكة. وبحلول يناير 2024، بلغ عدد المدراء 276 مديراً، بما يمثل زيادة بنسبة 111% على مدار الفترة.

إذا كنت ترغب الحصول على مزيد من المعلومات أو إذا كنت تود التحدث إلى مؤلف التقرير، يرجى الاتصال بدون بولز على dawn.bowles@preqin.com.

نبذة عن Preqin

تُمكّن شركة Preqin، المتخصصة في الأصول البديلة “Home of Alternatives™”، المهنيين الماليين الذين يستثمرون أو يكرسون أنفسهم للأصول البديلة، من خلال بيانات ورؤى أساسية لاتخاذ قرارات مستنيرة. وهي توفر الدعم لهم خلال دورة الحياة الكاملة للاستثمارات من خلال معلومات هامة وحلول تحليلية رائدة. لقد حققت الشركة الريادة في مجال الأساليب الدقيقة لجمع بيانات الخاصة على مدار 20 عامًا، بما يعمل على تمكين أكثر من 200,000 مهني على مستوى العالم لتبسيط طريقة جمعهم لرأس المال والحصول على الصفقات والاستثمارات وفهم الأداء ومداومة الاطلاع على المستجدات. لمزيد من المعلومات، يرجى زيارة www.preqin.com.


GLOBENEWSWIRE (Distribution ID 1000947294)

Saudi Arabian private capital increasingly focused on domestic growth in 2024 and beyond — Preqin reports

LONDON, March 04, 2024 (GLOBE NEWSWIRE) — Preqin, the global leader in alternatives data and insights, has published The Rise of Private Capital in Saudi Arabia: Preqin Territory Guide report.

The report finds two key themes are driving the future of Saudi Arabia’s position in the private capital landscape: The first theme is Saudi Arabia’s government, investors, and corporates are fostering partnerships with fund managers to bring further knowledge, infrastructure development, and co–investment to the country. From fund managers’ perspectives, Saudi Arabia is now more than just a location for raising investor capital. The second theme is Saudi Arabian appetite for domestic investment through private markets, which continues to swell as home–grown entrepreneurialism, and so investment opportunities, burgeon.

New role for private capital and fund managers in Saudi Arabia

The government–led Saudi Vision 2030 project is fulfilling its purpose of increasing economic, social and cultural diversification as Saudi Arabia moves beyond its ‘peak–oil’ era. A key element of this transition is the private markets.

For over 30 years, Saudi Arabia has proved one of the world’s most reliable destinations for raising private capital. But in 2024, Saudi Arabia will elevate this historic relationship with fund managers through stronger collaboration with them, focusing on deploying capital domestically to advance economic projects. In turn, it is fulfilling its Saudi Vision 2030 ambitions.

Fund managers have recognized their opportunity to capitalize on Saudi Arabia’s growth trajectory in recent years. Between 2018 and January 2024, Preqin data shows that the number of Saudia Arabia–based fund managers increased by 213%, or from 47 to 147.

Appetite for domestic investment: Private equity and venture capital deals

David Dawkins, lead author of the report, at Preqin, says: “In 2024, Saudi Arabia is increasingly looking to use private capital to support the country's burgeoning entrepreneurial class in preparation for life after oil. To help build domestic businesses and create jobs for its young population, investors in the region are seeking to collaborate with fund managers on knowledge transfer, infrastructure development, and co–investment.”

By the end of 2023, the gap almost entirely closed between the number of private equity and venture capital deals that Saudi Arabian investors completed at home, compared to those overseas. 118 were completed in Saudi Arabia and 119 completed abroad, in 2023. In comparison, Saudi Arabia completed 100 private equity and venture capital deals domestically and 151 abroad, in 2022.

Saudi Arabia proved a sunny spot during the venture capital ‘winter’ of 2020 to 2023, where deal making slowed globally. Venture capital aggregate deal value in Saudi Arabia reached $1.02bn in 2023, rising from $794mn in 2022.

Additional key findings of The Rise of Private Capital in Saudi Arabia Preqin Territory Guide include: 

  • Venture capital co–investment: There were 47 venture capital deals between non–Saudi Arabian fund managers and Saudi Arabian investors from 2018 to 2023. Almost three quarters, or 34, of the 47 deals were made between 2021 and 2023, highlighting the momentum of this trend going into 2024 and beyond.
  • Notable venture capital deals: Tamara, a banking, payments, and shopping platform, became the Kingdom’s first fintech unicorn after securing $340mn in a Series C equity funding round in December 2023.
  • Number of Saudi Arabia–focused private capital managers: By the end of 2021, there were 131 active managers focused on capital deployment in Saudi Arabia. By January 2024, there were 276, representing a 111% increase over the period.

If you would like more information or would like to speak with the report author, please contact Dawn Bowles at dawn.bowles@preqin.com. 

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.


GLOBENEWSWIRE (Distribution ID 1000927083)

Global alternative assets remain resilient in 2023 amid economic uncertainty — Preqin Global Reports 2024

LONDON, Dec. 13, 2023 (GLOBE NEWSWIRE) — Today Preqin, the global leader in alternative assets data, tools, and insights, published its Alternatives in 2024 report, part of the Preqin Global Reports 2024. The report provides analysis on trends on key factors and trends driving the alternative assets industry.

While 2023 is a year so far characterized by market headwinds and a challenging fundraising environment for investors and fund managers alike, Preqin analysts remain optimistic about the outlook for global alternative assets. For instance, private debt fundraising fared relatively well in comparison to other private capital asset classes, while secondaries deal flow should start to pick up going into 2024 as the market comes back into balance.

Cameron Joyce, Head of Private Equity, Research Insights at Preqin, says, "Amid the formidable headwinds marked by swiftly tightening monetary policy and economic uncertainty, alternative assets have remained comparatively resilient. The industry continues to evolve rapidly, and promising opportunities are presenting themselves in areas such as private debt and secondaries. We continue to forecast solid growth for the industry despite softening expectations around fundraising and performance."

Key highlights from each asset class:

Private equity faces a stern test:

The private equity market has been hampered by rising interest rates "" which have weighed on deal activity "" and a constrained exit environment. Dealmakers are hoping for an increase in activity during 2024 and long–term investor appetite remains strong.

Venture capital investor sentiment on performance improves:

Venture capital returns have been challenged by factors such as the poor exit environment, elevated asset valuations, and climbing interest rates. Noting this, our latest investor survey shows that investors' outlook is shifting, and they are comparatively more positive on the performance of the asset class over the next 12 months.

Private debt fundraising holds up:

Private debt's floating–rate structure and seniority in the capital stack are especially attractive for investors seeking more defensive assets in challenging conditions, with strategies such as mezzanine debt growing in popularity.

Hedge funds' AUM rises despite net outflows:

Hedge funds' AUM growth has been driven primarily by asset returns and not inflows and outflows. In fact, hedge fund returns during months of market volatility proved that they can be effective in providing investors with downside protection. Niche strategies such as cryptocurrencies and insurance–linked securities (ILS) gained prominence due to their low public market correlation.

Real estate under pressure:

Rising interest rates have weighed on investment sentiment, resulting in weaker fundraising and deal activity. As investors flock toward larger funds in search of a sense of security, fundraising has been even more challenging for first–time and smaller funds.

Infrastructure may be turning a corner:

Fundraising fell sharply in 2023, a significant reversal after fund managers amassed record sums in 2022. But third–quarter deal activity proved robust and tailwinds from energy transition will continue to underpin the long–term growth of unlisted infrastructure.

For more information, contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com.

Notes to the editors

Alternatives in 2024 is a freely available version to accompany the Preqin Global Reports 2024. This complimentary report explores the impact of macroeconomic headwinds and market volatility on alternative assets this year and beyond.

If you are a full–time member of the press and would like to receive a full copy of any of the following reports, please get in touch: Private equity, venture capital, private debt, hedge funds, real estate and infrastructure. For non–press, the 2024 Preqin Global Reports are available for Preqin Insights+ subscribers.

About Preqin

Preqin, the Home of Alternatives, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.


GLOBENEWSWIRE (Distribution ID 1000903920)

Number of active GPs in Gulf Cooperation Council doubles as domestic opportunities emerge — Preqin reports

LONDON, Nov. 06, 2023 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, published its Private Capital in the Gulf Cooperation Council 2023: Preqin Territory Guide report. The report explores how the alternatives market in the Gulf Cooperation Council (GCC)* is increasingly looking to domestic investment opportunities, beyond oil.

Years of growth paint a picture of optimism

The GCC's assets under management (AUM) in private capital hit $1bn in December 2008, reaching $5.8bn as of December 2021, before more than doubling to $12.3bn in 2022, according to Preqin data. Saudi Arabia holds the lion's share of this AUM in Dec 2022 at $10.0bn, followed by the United Arab Emirates (UAE) AUM with $2.1bn.

Preqin data and insights in the report point to how the GCC is emerging as a potential destination for capital deployment. This trend is demonstrated by the growing number of active fund managers and headline deals being completed by investors such as Blackstone, CVC Capital Partners, Silver Lake, and Apollo. Furthermore, the 529 active GPs in GCC member countries as of 2023 has nearly doubled from 268 in 2018.

An important factor driving change across alternative assets in the GCC is the role of the countries' sovereign wealth funds (SWFs). Middle East–based SWFs, with combined AUM of more than $3.7tn as of March 2023, are among the biggest investors in alternative assets. Average allocations in 2022 surged to an unprecedented 44% of AUM in December 2022, representing an increase from 22% from December 2021.

David Dawkins, report author, at Preqin says, "As GCC leaders focus on domestic employment opportunities for their young population, the region's SWFs are becoming more focused on domestic investments. Even a small uptick of the domestic fund alternatives allocations would have a transformative impact on the GCC's private capital GPs."

Key findings from the Private Capital in the Gulf Cooperation Council 2023 report include:

  • Venture capital: AUM for venture capital in the GCC reached $2.9bn as of December 2022, up from $1.5bn in December 2021. A change in investor sentiment towards the region has attracted capital into venture capital funds, with dry powder quadrupling from $400mn in December 2021 to $1.63bn at the end of 2022.
  • Fundraising: In 2022, 23 venture capital funds closed with aggregate capital raised of around $2.5bn. In real estate, between September 2021 and September 2023 year–to–date (YTD), 81 funds have closed with an aggregate capital raised of $2.3bn. And in private equity, between 2018 and 2020, 38 funds closed at an aggregate raise of $1.7bn. In other words, 142 funds in the GCC, between 2018 and 2023, raised a total $6.5bn.
  • Private equity: AUM for private equity in the GCC reached $2.2bn in December 2022, up from $1.25bn in December 2021.
  • Private debt: Half of the GCC's LPs (50%) surveyed by Preqin earlier this year stated they plan to increase allocations to private debt, compared with just 25% looking to decrease. Not only is this more than any other alternative asset class, it is a full six percentage points higher than our poll of investors globally.

For more information, and to receive a full copy of the report contact, Mimi Celeste Taylor at mimiceleste.taylor@preqin.com

Notes to the editors

* The Gulf Cooperation Counci (GCC) consists of the intergovernmental, political, and economic union of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

About Preqin

Preqin, the Home of Alternatives, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.


GLOBENEWSWIRE (Distribution ID 1000897792)

Asia and Middle East sovereign wealth funds drive AUM growth — Preqin reports

LONDON, June 14, 2023 (GLOBE NEWSWIRE) — Today Preqin, the global leader empowering the alternatives community with essential data and insight, published its Sovereign Wealth Funds 2023 report. The report provides data and analysis on key trends in the sovereign wealth funds landscape*, as these investors look towards making enhanced allocations to alternative assets, as well as narrowing the gap between actual and target allocations.

The report demonstrates that alternative assets will continue to have a place in the portfolios of sovereign wealth funds if they provide diversification benefits and good risk–adjusted returns. With their abundant financial resources and increasingly sophisticated investment teams, sovereign wealth funds have the kind of capital that can give them access to top–performing funds.

Preqin's Sovereign Wealth Funds Report 2023 key facts:

  • Assets under Management (AUM): In the last decade, global sovereign wealth funds have doubled their AUM total to $10.4tn by the end of Q1 2023.
  • Asia: Asia's sovereign wealth funds led the increase in AUM, standing at $4.3tn by the end of Q1 2023. Notably, China Investment Corporation's total AUM of $1.35tn surpassed Norway's Government Pension Fund Global (GPFG) AUM of $1.2tn to become the largest sovereign wealth fund in the world.
  • Middle East: The Middle East is home to some of the largest sovereign wealth funds which hold the second most in AUM of all regions globally, behind Asia. At $3.7tn, they account for 36% of the global sovereign wealth fund AUM.
  • Allocations: Allocations of sovereign wealth funds to alternative assets as percentages of total allocations increased between 2021 and March 2023 in all asset classes, except for infrastructure. The biggest increase in the current median allocation was in real estate, from 6.5% in 2021 to 8.6%, by the end of Q1 2023.
  • ESG: Sovereign wealth funds are influential in promoting environmental, social and governance (ESG) goals. Sovereign wealth funds with an ESG policy represent 59% of total sovereign wealth fund AUM, up 5 percentage points from 54% in 2021.

Middle Eastern sovereign wealth funds show increased appetite for alternatives

As the sheer amount of fresh capital managed by Middle East–based sovereign wealth funds far exceeds the needs and capacity of their domestic capital markets, their appetite for alternative assets has risen. Preqin analysis of Middle East–based sovereign wealth fund data shows that the average allocations to alternatives have doubled year–over–year at the end of 2022, rising from 22% of total assets at the end of 2021 to 44%. While some of this is driven by the very high allocation levels of some of smaller sovereign wealth funds in the region, this trend reflects their ongoing pursuit of non–traditional assets to boost returns. Percentage allocations are also likely to be boosted by falls in the valuations of public equities and bonds in 2022, according to the latest data. The increase shows the flexibility that these Middle Eastern sovereign wealth funds have when making investment decisions, as they often have fewer short and medium–term liabilities than other types of institutional investors.

Growth in private debt

The Preqin report also found that global limited partners (LPs), including sovereign wealth funds, have developed a larger appetite for private debt in search of a steady income stream. Initially, one of the attractions of private debt was that it paid higher rates than public fixed income interest rates. However, as rates have increased, private debt has continued to attract investors. This is in part because the prevalent floating rate structures provide protection against rate rises.

According to Preqin, direct lending remains the most popular strategy, accounting for 46% of all 112 private debt fund commitments by sovereign wealth funds. As of the end of Q1 2023, the median current allocation to private debt is 2.5%, almost reaching the median target allocation of 2.6%.

Harsha Narayan, Managing Editor and lead author of the report at Preqin, says: "Sovereign wealth funds have continued to build sophisticated in–house teams and are increasingly able to act more like a fund manager when deploying capital. They leverage talent, technology, and partnerships, with fund managers and investors to invest in various alternative asset classes, and they are growing more competent to conduct direct or co–investment deals."

If you would like more information or would like to speak with the report author, contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com

To sign up to receive Preqin First Close, our newsletter, click here

Notes to the editors

It is important to note that sovereign wealth funds (SWFs) are created with different objectives. Some are set up primarily for diversification and only invest globally outside of their home countries, whereas others invest domestically with the objective of boosting homegrown markets. Some SWFs, such as Norway's GPFG, invest heavily in public markets and are relatively more conservative toward unlisted assets, while others take on more risk and pursue direct investments in more niche sectors. These factors affect how SWFs deploy capital.

* This report is based on insights and analysis of 95 sovereign wealth funds as defined and tracked by Preqin

About Preqin

Preqin, the Home of Alternatives, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.


GLOBENEWSWIRE (Distribution ID 1000825108)

Berliner Tageszeitung : Plainte pénale à Berlin contre Elon Musk et Twitter pour une possible fraude au détriment des utilisateurs

BERLIN, 31 mai 2023 (GLOBE NEWSWIRE) — Le BERLINER TAGESZEITUNG rapporte aujourd'hui qu'une plainte pnale a t dpose auprs du parquet de Berlin contre Elon Musk, numro de dossier : 253 UJs 1012/23, affirmant que Musk a dbit les cartes de crdit d'utilisateurs de Twitter, mais a bloqu les comptes Twitter vrifis sans donner de raisons.

Source : https://www.BerlinerTageszeitung.de/wirtschaft/269895–criminal–complaint–in–berlin–germany–against–elon–musk–and–twitter–for–possible–fraud–to–the–detriment–of–twitter–users.html

“Le blocage de comptes d'utilisateurs est monnaie courante chez Twitter, mais le fait qu'ils dbitent ensuite constamment les cartes de crdit des utilisateurs rend l'affaire explosive et occupe actuellement le parquet de Berlin (Rpublique fdrale d'Allemagne). Dans tous les cas, la question se pose de savoir quel pouvoir peut tre accord un mdia comme Twitter et quand les autorits de surveillance devraient intervenir pour protger les utilisateurs de Twitter”.

Ce n'est d'ailleurs pas la premire fois qu'Elon Musk fait l'objet d'une enqute, puisque le CEO de Tesla, Elon Musk, fait galement actuellement l'objet d'une plainte d'investisseurs. La plainte porte sur les tweets de Musk en aot 2018 annonant prmaturment qu'il voulait retirer l'entreprise de voitures lectriques de la bourse et qu'il avait assur le financement pour cela. Il s'est avr par la suite qu'il n'y avait pas d'engagements fermes de la part des investisseurs.

“Elon Musk a menti”, a dclar un avocat des plaignantes. Le juge amricain Edward Chen (juge du United States District Court for the Northern District of California) avait dj constat en 2022 que les dclarations de Musk dans les tweets ne correspondaient pas la vrit.

“Nous continuerons suivre l'affaire de prs et rendrons compte des nouveaux dveloppements ds que de nouvelles informations seront disponibles. Il reste voir comment les accusations pnales portes contre Elon Musk et Twitter vont voluer et quelles consquences pourraient en dcouler.”

Sur le plan factuel, il convient de noter que, conformment l'article 48 de la Charte des droits fondamentaux de l'Union europenne, les accuss et les prvenus bnficient de la prsomption d'innocence, qui doit galement s'appliquer dans le cas de la plainte pnale dpose contre Elon Musk pour “fraude prsume au dtriment des utilisateurs de Twitter”.

META KEYS:
Elon Musk, Elon Musk Twitter, Elon Musk plainte pnale, comptes Twitter, Thierry Breton, Thierry Breton Twitter, Parquet de Berlin contre Elon Musk, utilisateurs de Twitter, BERLINER TAGESZEITUNG, comptes Twitter vrifis

Une photo accompagnant ce communiqu de presse est disponible l'adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/f3c50532–be3a–4bad–8e85–7253731d594c


GLOBENEWSWIRE (Distribution ID 8849964)

Berliner Tageszeitung: Strafanzeige in Berlin gegen Elon Musk und Twitter wegen möglichen Betrugs zum Nachteil der Nutzer

BERLIN, May 31, 2023 (GLOBE NEWSWIRE) — Die BERLINER TAGESZEITUNG berichtet heute, dass bei der Berliner Staatsanwaltschaft eine Strafanzeige gegen Elon Musk eingereicht wurde, Aktenzeichen: 253 UJs 1012/23, in der behauptet wird, dass Musk die Kreditkarten von Twitter–Nutzern belastet, die verifizierten Twitter–Accounts aber zuvor ohne Angabe von Grnden von Twitter gesperrt wurden.

Quelle: https://www.BerlinerTageszeitung.de/wirtschaft/269895–criminal–complaint–in–berlin–germany–against–elon–musk–and–twitter–for–possible–fraud–to–the–detriment–of–twitter–users.html

“Das Sperren von Nutzerkonten ist bei Twitter an der Tagesordnung, aber dass sie dann stndig die Kreditkarten der Nutzer belasten, macht die Sache brisant und beschftigt derzeit die Staatsanwaltschaft Berlin (Bundesrepublik Deutschland). In jedem Fall stellt sich die Frage, wie viel Macht einem Medium wie Twitter berhaupt zugestanden werden kann und wann die Aufsichtsbehrden zum Schutz der Twitter–Nutzer eingreifen sollten.”

Es ist brigens nicht das erste Mal, dass gegen Elon Musk ermittelt wird, denn auch gegen den Tesla–CEO Elon Musk luft derzeit eine Anlegerklage. In der Klage geht es um Musks Tweets im August 2018 mit der verfrhten Ankndigung, er wolle das Elektroautounternehmen von der Brse nehmen und habe die Finanzierung dafr gesichert. Spter stellte sich heraus, dass es keine festen Zusagen von Investoren gab.

“Elon Musk hat gelogen”, sagte ein Anwalt der Klgerinnen. US–Richter Edward Chen (Richter des United States District Court for the Northern District of California) hatte bereits im Jahr 2022 festgestellt, dass die Aussagen von Musk in den Tweets nicht der Wahrheit entsprochen hatten.

“Wir werden den Fall weiterhin aufmerksam verfolgen und ber weitere Entwicklungen berichten, sobald neue Informationen vorliegen. Es bleibt abzuwarten, wie sich die strafrechtlichen Vorwrfe gegen Elon Musk und Twitter entwickeln und welche Konsequenzen sich daraus ergeben knnten.”

In sachlicher Hinsicht ist anzumerken, dass gem Artikel 48 der Charta der Grundrechte der Europischen Union fr Angeklagte und Beschuldigte die Unschuldsvermutung gilt, die auch im Falle der Strafanzeige gegen Elon Musk wegen “mutmalichen Betrugs zum Nachteil der Twitter–Nutzer” gelten muss.

META KEYS:
Elon Musk, Elon Musk Twitter, Elon Musk Strafanzeige, Twitter–Konten, Thierry Breton, Thierry Breton Twitter, Berliner Staatsanwaltschaft gegen Elon Musk, Twitter–Nutzer, BERLINER TAGESZEITUNG, verifizierte Twitter–Konten

Ein Foto zu dieser Ankndigung ist verfgbar unter : https://www.globenewswire.com/NewsRoom/AttachmentNg/f3c50532–be3a–4bad–8e85–7253731d594c


GLOBENEWSWIRE (Distribution ID 8849964)

BERLINER TAGESZEITUNG: Queixa criminal apresentada em Berlim contra Elon Musk e o Twitter por possível fraude em detrimento dos utilizadores

BERLIN, May 31, 2023 (GLOBE NEWSWIRE) — A BERLINER TAGESZEITUNG informa hoje que foi apresentada uma queixa–crime contra Elon Musk no Ministrio Pblico de Berlim, nmero de processo: 253 UJs 1012/23, alegando que Musk cobrou os cartes de crdito dos utilizadores do Twitter, mas suspendeu as contas verificadas do Twitter sem dar qualquer motivo.

Fonte: https://www.BerlinerTageszeitung.de/wirtschaft/269895–criminal–complaint–in–berlin–germany–against–elon–musk–and–twitter–for–possible–fraud–to–the–detriment–of–twitter–users.html

“O bloqueio de contas de utilizadores est na ordem do dia no Twitter, mas o facto de depois cobrarem constantemente os cartes de crdito dos utilizadores torna o assunto explosivo e est actualmente a ocupar o Ministrio Pblico de Berlim (Repblica Federal da Alemanha). Em todo o caso, coloca–se a questo de saber at que ponto se pode conceder poder a um meio de comunicao como o Twitter e quando que as autoridades de controlo devem intervir para proteger os utilizadores do Twitter.”

Alis, esta no a primeira vez que Elon Musk investigado, j que o CEO da Tesla, Elon Musk, tambm actualmente objecto de um processo judicial contra investidores. A ao judicial tem a ver com os tweets de Musk em agosto de 2018, anunciando prematuramente que queria tirar a empresa de carros eltricos do mercado de aes e que tinha garantido financiamento para o fazer. Mais tarde, verificou–se que no havia compromissos firmes por parte dos investidores.

“Elon Musk mentiu”, disse um advogado dos queixosos. O juiz norte–americano Edward Chen (juiz do Tribunal Distrital dos Estados Unidos para o Distrito Norte da Califrnia) j tinha considerado em 2022 que as declaraes de Musk nos tweets no eram verdadeiras.

“Continuaremos a acompanhar o caso de perto e a relatar novos desenvolvimentos medida que novas informaes estiverem disponveis. Resta saber como se desenvolvero as acusaes criminais contra Elon Musk e o Twitter e quais sero as consequncias.”

De um ponto de vista factual, de notar que, de acordo com o artigo 48. da Carta dos Direitos Fundamentais da Unio Europeia, a presuno de inocncia aplica–se aos arguidos e acusados, o que tambm se deve aplicar no caso das acusaes criminais contra Elon Musk por “alegada fraude em detrimento dos utilizadores do Twitter”.

META KEYS:
Elon Musk, Elon Musk Twitter, Elon Musk, acusaes criminais, contas Twitter, Thierry Breton, Thierry Breton Twitter, Ministrio Pblico de Berlim contra Elon Musk, utilizadores Twitter, BERLINER TAGESZEITUNG, contas Twitter verificadas

Foto deste comunicado disponvel em https://www.globenewswire.com/NewsRoom/AttachmentNg/f3c50532–be3a–4bad–8e85–7253731d594c


GLOBENEWSWIRE (Distribution ID 8849964)