Stanger Projects $175 Billion in Alts Fundraising for 2025
(A 27% increase over 2024)
Shrewsbury, New Jersey, March 26, 2025 – Robert A. Stanger & Company, Inc., a nationally recognized leader in non-listed alternative investment products, has published its February 2025 issue of The Stanger Market Pulse, complete with fundraising data of all alternative investments offered via the retail pipeline. These include public non-traded REITs, public non-traded BDCs, interval funds, non-traded preferred stocks, Delaware statutory trusts, opportunity zone funds, private BDCs, private REITs and other private placements including infrastructure and private equity offerings. Included in this issue, Stanger has vastly expanded its coverage of private placement BDC sponsors as fundraising has grown to $20.1 billion in 2024 and $2.1 billion in 2025 through February.
Alternative Investment fundraising totaled approximately $28.8 billion through February led by non-traded business development companies at an estimated $7.4 billion, other private placements, including infrastructure and private equity offerings, at $7.2 billion and interval funds at $6.3 billion. Non-traded BDC fundraising is up nearly 40.3% compared to this time last year while non-traded REIT fundraising is down 10.1%, respectively. The industry continues to transform as investors shift their portfolio allocations to private placement offerings, infrastructure, private equity, and higher yielding credit focused investments.
According to Kevin T. Gannon, Chairman of Robert A. Stanger & Co., Inc., “These changes are the natural outgrowth of semi-liquid alternative investments where investors and financial advisors can re-allocate investments as market conditions change.”
Stanger’s survey of top sponsors tracks fundraising of all alternative investments offered via the retail pipeline including publicly registered non-traded REITs, non-traded business development companies, interval funds, non-traded preferred stock of traded REITs, Delaware statutory trusts, opportunity zone, and other private placement offerings.
According to Randy Sweetman, Executive Managing Director of Robert A. Stanger & Co., Inc., “The top fundraisers in the alternative investment space year-to-date are Blackstone, Inc. ($5.4 billion), Cliffwater ($2.9 billion), Kohlberg Kravis Roberts & Co. ($2.7 billion), Ares Management Corporation ($2.1 billion) and Apollo Global Management, Inc. ($1.9 billion).”
To request a copy of The Stanger Market Pulse or for further information on all available Stanger Publications, please contact:
Gregory R. DiSalvo
732.389.3600
gdisalvo@rastanger.com
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About Robert A. Stanger & Co., Inc.
Robert A. Stanger & Co., Inc., founded in 1978, is a nationally recognized investment banking firm specializing in providing investment banking, financial advisory, fairness opinion and asset and securities valuation services to partnerships, real estate investment trusts and real estate advisory and management companies in support of strategic planning, capital formation and financings, mergers, acquisitions, reorganizations, and consolidations.
Stanger is also well known for its flagship publication, The Stanger Report, a nationally recognized comprehensive report focused on non-traded REIT and BDC investing, including aggregate market statistics, total returns by company and total return indices, fee structure comparisons, and profiles of current offerings; The Stanger Market Pulse, focused on public non-traded REIT, non-traded BDC and other alternative investment fundraising; The Stanger Chairman’s Report, focused on NAV REIT and non-traded BDC sales and redemptions; The Stanger Interval Fund Report, focused on non-traded interval fund investing, and The Stanger Digest, a newsletter providing a weekly update on industry activities.
Stanger also recently launched Stanger Privates, a quarterly publication focused on Private Placement REITs and BDCs which is available exclusively to Stanger Institutional Access subscribers.
For More Information:
Kevin T. Gannon | Chairman & CEO | (732) 389-3600
Robert A. Stanger & Co., Inc.
1129 Broad Street, Suite 201
Shrewsbury, NJ 07702
www.rastanger.com
Member: SIPC
