The purpose of this research is to provide readers with a comprehensive understanding of alternative investments, including hedge funds, private markets, and real estate & real assets. Alternative investments are sometimes pitched as having high returns and other times as being portfolio diversification strategies. Alternative investments can also potentially be more complex, more volatile, more expensive, and less liquid than traditional stocks, bonds, & cash. These products are typically structured as unregistered funds (private funds) investments. This report also includes 1940 Act Registered Funds. This research is incorporated into Tiburon's broader coverage of managed funds, along with Tiburon's coverage of registered investment companies, comingled trust funds, separately managed accounts, and non-financial alternative investments.
Key Driving Factors
This research starts with a context setting chapter that outlines the basis of growth in alternative investments, including these key driving factors:
- Superior Investment Returns
- Less Correlated Returns
- Less Volatile Returns
Market History
This research addresses the key historical phases of alternative investments, including:
- Hedge Funds Phase
- Venture Capital Phase
- Registered Funds Take I Phase
- Real Estate & Real Assets Phase
- Venture Capital, Private Equity, & Private Credit Phase
- Registered Funds Take II Phase
Investment Strategy Segments
This research defines the broad investment strategy segments (and numerous sub-segments) of alternative investments, including:
- Hedge Funds
- Equity Hedge Fund Strategies
- Arbitrage or Relative Value Hedge Fund Strategies
- Event Driven Hedge Fund Strategies
- Global Macro Hedge Fund Strategies
- Hedge Funds-of-Funds
- Private Markets
- Venture Capital
- Private Equity
- Private Credit
- Funds-of-Funds
- Secondaries
- Real Estate & Real Assets
- Real Estate
- Real Assets
Product Structure Segments
This research addresses the product structure segments of alternative investments, including:
- Unregistered Funds (Private Funds)
- 1940 Act Registered Funds
Fund Raising Markets
This research also addresses the fund raising markets of alternative investments, including:
- Global Institutional Markets
- Non-United States Wealth Management Firms
- United States Wealth Management Firms
Future Predictions
And this research makes several future predictions for alternative investments, including:
- Substantial Growth of Alternative Investments
- Fastest Growth in Private Markets Investment Strategies
- Rapid Evolution of Product Structures and Increasing Share for 1940 Act Registered Funds, Including Interval Funds
- Fastest Growth in Wealth Management Firms as Alternative Investments Fund Raising Market
- Substantial Opportunities for Alternative Investments Platforms with Comprehensive Alternative Investments Platforms Acquiring Leading-Edge One-Off B2C & B2B Platforms, and the Ultimate Acquisition of Alternative Investments Platforms by Custodians and/or Turnkey Asset Management Platforms (TAMPs)
- Modest Alternative Investments Firms Venture Capital Investments
- Continuing Substantial Number of Alternative Investments Firms Mergers & Acquisitions Activity
- Potential for Increasing Number of Alternative Investments Firms Initial Public Offerings (IPOs)