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Alternative Investment Funds Market Size, Share and Forecast (2025-2032)
Global Alternative Investment Funds Market Size was valued at over USD 13.81 Trillion in 2024 and is expected to grow to USD 23.69 Trillion in 2032 at a CAGR of 8.0 %.
Format : PDF | Report ID : SMR_2693
Alternative Investment Funds Market Overview:
Alternative Investment Funds are investments that investors make in non-traditional assets like startups, real estate and private equity apart from investing in regular stocks or bonds. It gives high returns. It is being managed by experts who are specialised in niche strategies. The market is gaining momentum as investors increasingly seek higher returns. It is an Alternative Investment Fund as it opens up the range of specialised strategies, including private equity, venture capital, and hedge funds. Particularly, more than 60% of institutional investors prefer Alternative Investment Funds for diversification and risk-adjusted returns. A big chunk of the investor base is also constituted by the HNIs, accounting for over half of the Alternative Investment Funds Market inflows in recent days.
The real estate and infrastructure sectors are opening up large opportunities for the Alternative Investment Funds industry, especially in fast-paced regions. Being at the forefront of this movement is the Asia-Pacific region; almost 48% of all real estate-focused Alternative Investment Funds Market is concentrated here-giving a signal for demand growth in commercial and residential projects. Moreover, infrastructure-based Alternative Investment Funds in Asia-Pacific have also witnessed a 14% Y-o-Y growth in capital deployment on the back of government initiatives in clean energy, transport, and logistics. On average, management fees across Alternative Investment Funds remain above 1.8%, while performance-based fees can cut into gains, especially in years of moderate returns. This structure has led to a drop of around 20% in retail investor participation compared to other fund types. Regionally, Asia-Pacific dominates due to regulatory flexibility and investor appetite. The Local fund managers are catching up to global giants, with over 35% of newly registered Alternative Investment Funds in the past year emerging from countries like India, Singapore, and Hong Kong.
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Alternative Investment Funds Market Dynamics
High Return Potentials to Drive the Alternative Investment Funds Market
The Alternative Investment Funds give a higher return compared to traditional investment methods, and they are able to give high returns because they have experienced fund managers who understand complex asset classes like private equity, distressed debt, structured products, and derivatives. For instance, $12,000 has been invested in 2 financial investment options, Alternative Investment Funds and Traditional Investment. The alternative investment fund gives a 22% return annually, so after 6 years it will be $38,920. And in Traditional Investment, the return is 12%, so after 6 years it will be $23,676. Although Alternative Investment Funds have greater risk and have long lock-in periods in Traditional Investment is more stable and has lower-risk returns.
Real Estate and Infrastructure Investments create the opportunity for the Alternative Investment Funds Market.
Real Estate and Infrastructure Investments are attracting capital due to inflation-hedging properties and structural demand. Deficits in homes are driving investments in multifamily housing, senior living, and workforce housing. In the U.S, housing shortage presents a multi-decade investment opportunity, particularly in multifamily, senior living, and workforce housing. In data centres and logistics, the surging demand for AI is boosting 25% annual growth in U.S data centres.
High Fees Restrain the Alternative Investment Funds Market
High fees affect the growth of the Alternative Investment Funds (AIF) market by limiting investor participation. Many investors, especially retail and smaller institutional investors, are discouraged by the "2 and 20" fee structure, where a fixed management fee of around 2% is charged annually regardless of performance, combined with a hefty 20% cut of profits. This fee affects returns, making Alternative Investment Funds less attractive compared to mutual funds.
Alternative Investment Funds Market Segment Analysis
Based on the Types of Funds, the Alternative Investment Funds Market is segmented into Private Equity Funds, Hedge Funds, Real Estate Funds, Infrastructure Funds, Venture Capital Funds, Private Debt Funds and Others. In this segment, Private Equity Funds dominated the market in 2024 and is expected to dominate the market in the forecast period. The private equity funds give higher returns, which are 12- 20%+ IRR, compared to the public market. As well as the Private Equity Funds invest across tech, healthcare, energy, and consumer goods, reducing sector-specific risks.
Based on Investor Type, the Alternative Investment Funds Market is segmented into Institutional Investors, High-Net-Worth Individuals (HNWIs), Retail Investors and Others. In this segment, Institutional Investors dominated the market in 2024 and is expected to dominate the market in the forecast period. As Institutional Investors, like pension funds, insurance companies and endowments, are naturally characterised by their huge capital base and higher risk appetite, which suits their need to deal with complex, long-term investment strategies, alternative Investment Funds.
Alternative Investment Funds Market Regional Insights
Asia-Pacific Region Dominates the Alternative Investment Funds Market due to private Equity Rush.
Asia-Pacific (APAC) is the dominant region in the global alternative investment funds (AIFs) market, holding 75% of the global market share in 2024. This is due to high economic growth, a rush in private equity and venture capital investments, and the high or increasing demand for capital among startups and mid-sized businesses. In the Asia Pacific region, Countries like China, India, and Japan are contributing up to 60% to the dominance, also with private equity and venture capital funds enhancing innovation and job creation.
The region’s private debt funds segment is experiencing the fastest growth, filling the financing gap left by traditional banks due to strict regulations. Institutional investors pension funds, are increasingly adopting co-investment strategies, accounting for a significant portion of Alternative Investment Funds Market inflows. Asia-Pacific real estate and infrastructure funds are gaining traction, supported by government-led infrastructure projects. With $12.8-$13.2 trillion in global Alternative Investment Funds Market assets.
Alternative Investment Funds Market Competitive Landscape
Blackstone Inc. stands as a dominant force in the Asia-Pacific market, managing over $1.1 trillion in assets. Specialising in private equity, real estate, and private credit, the firm targets high-growth sectors like data centres (with 25% annual growth) and distressed assets, leveraging its global reach and opportunistic investment strategies. Blackstone integrates ESG principles, with clean energy projects making up 20% of its real estate portfolio, while also using AI for due diligence to enhance efficiency. Its focus on undervalued assets and long-term value creation has solidified its position as a leader, particularly in Asia-Pacific, which drives 75% of its revenue.
Brookfield Asset Management, with $1 trillion in AUM, differentiates itself through a strong emphasis on infrastructure and renewable energy, including wind and solar projects. The firm prioritizes stable cash flow via long-term "buy-and-hold" strategies, particularly in utilities and digital infrastructure like fibre optics. Brookfield also democratizes access to alternatives by partnering with platforms like Yieldstreet, offering retail-friendly real estate funds with minimums as low as $500. With 60% of its investments aligned with net-zero goals, Brookfield combines sustainability with innovation, such as blockchain for asset tokenisation, to attract both institutional and individual investors
Ket Developments
- On 19 February 2024, Brookfield Asset Management (Canada): Brookfield announced the first close of its second Global Transition Fund (BGTF II), raising $10 billion. This fund focuses on facilitating the global transition to a net-zero carbon economy.
- On 3 October 2024, KKR & Co. Inc. (USA): KKR, in partnership with Capital Group, filed for two public-private fixed income interval funds: Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+. These funds aim to provide individual investors with access to private markets and are expected to launch in the first half of 2025, pending regulatory approval.
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Alternative Investment Funds Market |
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Market Size in 2024 |
USD 13.81 Trillion |
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Market Size in 2032 |
USD 23.69 Trillion |
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CAGR (2025-2032) |
8.0% |
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Historic Data |
2019-2024 |
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Base Year |
2024 |
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Forecast Period |
2025-2032 |
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Segments |
By Type of Funds Private Equity Funds Hedge Funds Real Estate Funds Infrastructure Funds Venture Capital Funds Private Debt Funds Others. |
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By Investor Type Institutional Investors High-Net-Worth Individuals (HNWIs) Retail Investors Others. |
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and the Rest of Europe Asia Pacific – China, South Korea, India, Japan, Australia, Taiwan, Indonesia, Philippines, Malaysia, Vietnam, Thailand, Rest of Asia Pacific region Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Key Players in the Alternative Investment Funds Market
North America
- Blackstone Group (USA)
- Brookfield Asset Management (Canada)
- KKR & Co. Inc. (USA)
- Carlyle Group (USA)
- Bain Capital (USA)
Asia Pacific
- ICICI Prudential(India)
- SoftBank Vision Fund (Japan)
- Hillhouse Capital Group (China)
- Nippon Life Global Investors (Japan)
- Kotak Alternate Asset Managers (India)
Europe
- EQT Partners (Sweden)
- CVC Capital Partners (Luxembourg)
- Partners Group (Switzerland)
- Ardian (France)
- Permira (UK)
Middle East & Africa
- Mubadala Investment Company (UAE)
- Abu Dhabi Investment Authority (UAE)
- Qatar Investment Authority (QIA)
- Saudi Public Investment Fund (PIF)
- Norfund (Norway)
South America
- BTG Pactual (Brazil)
- Patria Investments (Brazil)
- Vinci Partners (Brazil)
- GP Investments (Brazil)
- IG4 Capital (Brazil/Chile)
- XP Asset Management (Brazil)
Frequently Asked Questions
Private Equity Funds dominate the market due to their long-term return potential and strong interest from high-net-worth individuals (HNIs) and institutional investors.
The market is expected to witness steady growth driven by rising investor awareness, regulatory support, and demand for non-traditional assets.
The Asia-Pacific region is leading in the Alternative Investment fund market.
Key players include KKR, Blackstone Group, Carlyle Group, ICICI Venture, and HDFC Asset Management.
1. Global Alternative Investment Fund Market: Introduction
1.1. Study Assumptions and Market Definition
1.2. Scope of the Study
1.3. Executive Summary
2. Global Alternative Investment Fund Market: Competitive Landscape
2.1. SMR Competition Matrix
2.2. Key Players Benchmarking
2.2.1. Company Name
2.2.2. Service Segment
2.2.3. End-user Segment
2.2.4. Revenue (2024)
2.2.5. Geographical Presence
2.3. Market Structure
2.3.1. Market Leaders
2.3.2. Market Followers
2.3.3. Emerging Players
2.4. Mergers and Acquisitions Details
3. Global Alternative Investment Fund Market: Dynamics
3.1. Alternative Investment Fund Market: Trends
3.2. Alternative Investment Fund Market: Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PORTER’s Five Forces Analysis
3.4. PESTLE Analysis
3.5. Regulatory Landscape by Region
3.6. Key Opinion Leader Analysis for the Global Industry
3.7. Analysis of Government Schemes and Initiatives for Industry
4. Global Alternative Investment Fund Market: Global Market Size and Forecast By Segmentation (by Value USD Bn) (2024-2032)
4.1. Global Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
4.1.1. Private Equity Funds
4.1.2. Hedge Funds
4.1.3. Real Estate Funds
4.1.4. Infrastructure Funds
4.1.5. Venture Capital Funds
4.1.6. Private Debt Funds
4.1.7. Others.
4.2. Global Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
4.2.1. Institutional Investors
4.2.2. High-Net-Worth Individuals (HNWIs)
4.2.3. Retail Investors
4.2.4. Others.
4.3. Global Alternative Investment Fund Market: Size and Forecast, By Region (2024-2032)
4.3.1. North America
4.3.2. Europe
4.3.3. Asia Pacific
4.3.4. Middle East & Africa
4.3.5. South America
5. North America Alternative Investment Fund Market: Size and Forecast By Segmentation (by Value USD Bn) (2024-2032)
5.1. North America Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.1.1. Private Equity Funds
5.1.2. Hedge Funds
5.1.3. Real Estate Funds
5.1.4. Infrastructure Funds
5.1.5. Venture Capital Funds
5.1.6. Private Debt Funds
5.1.7. Others.
5.2. North America Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.2.1. Institutional Investors
5.2.2. High-Net-Worth Individuals (HNWIs)
5.2.3. Retail Investors
5.2.4. Others
5.3. North America Alternative Investment Fund Market: Size and Forecast, By Country (2024-2032)
5.3.1. United States
5.3.1.1. United States Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.1.1.1. Private Equity Funds
5.3.1.1.2. Hedge Funds
5.3.1.1.3. Real Estate Funds
5.3.1.1.4. Infrastructure Funds
5.3.1.1.5. Venture Capital Funds
5.3.1.1.6. Private Debt Funds
5.3.1.1.7. Others.
5.3.1.2. United States Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.1.2.1. Institutional Investors
5.3.1.2.2. High-Net-Worth Individuals (HNWIs)
5.3.1.2.3. Retail Investors
5.3.1.2.4. Others
5.3.2. Canada
5.3.2.1. Canada Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.2.1.1. Private Equity Funds
5.3.2.1.2. Hedge Funds
5.3.2.1.3. Real Estate Funds
5.3.2.1.4. Infrastructure Funds
5.3.2.1.5. Venture Capital Funds
5.3.2.1.6. Private Debt Funds
5.3.2.1.7. Others.
5.3.2.2. Canada Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.2.2.1. Institutional Investors
5.3.2.2.2. High-Net-Worth Individuals (HNWIs)
5.3.2.2.3. Retail Investors
5.3.2.2.4. Others
5.3.3. Mexico
5.3.3.1. Mexico Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.3.1.1. Pressurised Water Reactor
5.3.3.1.2. Private Equity Funds
5.3.3.1.3. Hedge Funds
5.3.3.1.4. Real Estate Funds
5.3.3.1.5. Infrastructure Funds
5.3.3.1.6. Venture Capital Funds
5.3.3.1.7. Private Debt Funds
5.3.3.1.8. Others.
5.3.3.2. Mexico Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.3.2.1. Institutional Investors
5.3.3.2.2. High-Net-Worth Individuals (HNWIs)
5.3.3.2.3. Retail Investors
5.3.3.2.4. Others
5.3.4. Europe
5.3.4.1. Europe Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.4.2. Europe Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.4.3. Europe Alternative Investment Fund Market: Size and Forecast, By Country (2024-2032)
5.3.5. United Kingdom
5.3.5.1. United Kingdom Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.5.2. United Kingdom Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.6. France
5.3.6.1. France Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.6.2. France Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.7. Germany
5.3.7.1. Germany Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.7.2. Germany Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.7.3.
5.3.8. Italy
5.3.8.1. Italy Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.8.2. Italy Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.8.3. )
5.3.9. Spain
5.3.9.1. Spain Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.9.2. Spain Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.10. Sweden
5.3.10.1. Sweden Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.10.2. Sweden Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.11. Russia
5.3.11.1. Russia Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.11.2. Russia Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
5.3.12. Rest of Europe
5.3.12.1. Rest of Europe Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
5.3.12.2. Rest of Europe Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6. Asia Pacific Alternative Investment Fund Market: Size and Forecast By Segmentation (by Value USD Bn) (2024-2032)
6.1. Asia Pacific Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.2. Asia Pacific Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3. Asia Pacific Alternative Investment Fund Market: Size and Forecast, By Country (2024-2032)
6.3.1. China
6.3.1.1. China Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.1.2. China Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.2. S Korea
6.3.2.1. South Korea Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.2.2. South Korea Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.3. Japan
6.3.3.1. Japan Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.3.2. Japan Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.4. India
6.3.4.1. India Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.4.2. India Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.5. Australia
6.3.5.1. Australia Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.5.2. Australia Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.6. Indonesia
6.3.6.1. Indonesia Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.6.2. Indonesia Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.7. Philippines
6.3.7.1. Philippines Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.7.2. Philippines Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.8. Malaysia
6.3.8.1. Malaysia Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.8.2. Malaysia Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.9. Vietnam
6.3.9.1. Vietnam Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.9.2. Vietnam Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.10. Thailand
6.3.10.1. Thailand Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.10.2. Thailand Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
6.3.11. Rest of Asia Pacific
6.3.11.1. Rest of Asia Pacific Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
6.3.11.2. Rest of Asia Pacific Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
7. Middle East and Africa Alternative Investment Fund Market: Size and Forecast By Segmentation (by Value USD Bn) (2024-2032)
7.1. Middle East and Africa Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
7.2. Middle East and Africa Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
7.3. Middle East and Africa Alternative Investment Fund Market: Size and Forecast, By Country (2024-2032)
7.3.1. South Africa
7.3.1.1. South Africa Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
7.3.1.2. South Africa Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
7.3.2. GCC
7.3.2.1. GCC Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
7.3.2.2. GCC Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
7.3.3. Nigeria
7.3.3.1. Nigeria Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
7.3.3.2. Nigeria Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
7.3.4. Rest of ME&A
7.3.4.1. Rest of ME&A Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
7.3.4.2. Rest of ME&A Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
8. South America Alternative Investment Fund Market: Size and Forecast By Segmentation (by Value USD Bn) (2024-2032)
8.1. South America Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
8.2. South America Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
8.3. South America Alternative Investment Fund Market: Size and Forecast, By Country (2024-2032)
8.3.1. Brazil
8.3.1.1. Brazil Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
8.3.1.2. Brazil Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
8.3.2. Argentina
8.3.2.1. Argentina Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
8.3.2.2. Argentina Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
8.3.3. Colombia
8.3.3.1. Colombia Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
8.3.3.2. Colombia Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
8.3.4. Chile
8.3.4.1. Chile Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
8.3.4.2. Chile Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
8.3.5. Rest Of South America
8.3.5.1. Rest of South America Alternative Investment Fund Market: Size and Forecast, By Type of Funds (2024-2032)
8.3.5.2. Rest of South America Alternative Investment Fund Market: Size and Forecast, By Investor Type(2024-2032)
9. Company Profile: Key Players
9.1.1.1. Blackstone Group
10.1.1 Company Overview
10.1.2 Business Portfolio
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Strategic Analysis
10.1.6 Recent Developments
10.2 Brookfield Asset Management
10.3 KKR & Co. Inc.
10.4 Carlyle Group
10.5 Bain Capital
10.6 ICICI Prudential
10.7 SoftBank Vision Fund
10.8 Hillhouse Capital Group
10.9 Nippon Life Global Investors
10.10 Kotak Alternate Asset Managers
10.11 EQT Partners
10.12 CVC Capital Partners
10.13 Partners Group
10.14 Ardian
10.15 Permira
10.16 Mubadala Investment Company
10.17 Abu Dhabi Investment Authority
10.18 Qatar Investment Authority
10.19 Saudi Public Investment Fund
10.20 Norfund
10.21 BTG Pactual
10.22 Patria Investments
10.23 Vinci Partners
10.24 GP Investments
10.25 IG4 Capital
10.26 XP Asset Management
10. Key Findings
11. Industry Recommendations
12. The Alternative Investment Fund Market: Research Methodology
