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Blackrock Survey Shows Most Investors Look to Raise PE, Private Credit Holdings This Year

Blackrock Survey Shows Most Investors Look to Raise PE, Private Credit Holdings This Year 

More than 70% of investors intend to increase their allocations to private equity this year, though it remains to be seen if recent bank failures have changed that view, according to BlackRock Alternatives’ inaugural Global Private Markets Survey. 

The survey, which captures the views of capital allocators representing $3.2tn invested in private markets – approximately a quarter of the global private market’s institutional investment landscape – also reveals that more than half of all investors based in the US and Canada plan to increase their allocations across asset classes this year.  

In the Asia-Pacific region, more than two-thirds of respondents plan to add to their private credit allocations. In EMEA, 71% plan to increase their private equity allocations. 

“The results of our inaugural Global Private Markets Survey show 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,” said Edwin Conway, global head of BlackRock Alternatives. 

Income generation emerges as the most important factor driving private markets investments, with 82% identifying it as the key factor. Just under 60% said capital appreciation was also a factor. 

The search for income has translated into significant investor interest in private credit, particularly infrastructure and real estate debt, as well as distressed strategies. More than half of respondents globally plan to add to their private credit holdings. In the US and Canada, more than a third expect to “substantially increase” their private credit allocation in 2023. 

While private markets continue to expand, and investors plan to allocate more, there are still factors hindering further investments. Though respondents shared their views prior to the recent bank failures, the survey reveals that they see liquidity as the single biggest barrier.  

The report surveyed senior executives and allocators at more than 200 institutions between October 2022 and January 2023. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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