Capital Formation Up 74% From the Same Time Last Year
Shrewsbury, New Jersey, February 25, 2025 – Robert A. Stanger & Company, Inc., a nationally recognized leader in non-listed alternative investment products, has published its January 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, 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.
Alternative Investment fundraising totaled approximately $13.2 billion through January led by non-traded business development companies at an estimated $3.5 billion, interval funds at $3.1 billion and other private placements, including infrastructure and private equity offerings, at $3.3 billion. Both non-traded BDC fundraising and non-traded NAV REIT fundraising are up nearly 32% while alternative investment fundraising collectively is up an astounding 74% compared to this time last year.
According to Kevin T. Gannon, Chairman of Robert A. Stanger & Co., Inc., “Alternative Investment fundraising came out of the gates hot in the new year with credit, infrastructure and private equity offerings leading the charge. After 2024 saw nearly $123 billion raised, we believe alternative investment capital formation could exceed $160 billion in 2025.”
The rapid increase in alternative investment fundraising in the retail investor space is in part due to the vast expansion of new offerings by both new entrants and veteran issuers. In addition to a newly effective public NAV REIT offering by StratCap Investment Management and a public non-listed BDC offering from Antares Capital, a second non-listed BDC offering by HPS Investment Partners remains in registration. Further, private placement offerings for public reporting companies remain popular and give retail investors access to infrastructure and private equity type investments.
According to Randy Sweetman, Executive Managing Director at Robert A. Stanger & Co., Inc., “Blackstone’s newly effective “BXINFRA” reported initial sales of over $1 billion raised from individual investors in a private offering.”
The top fundraisers in the alternative investment space year-to-date are Blackstone, Cliffwater, Kohlberg Kravis Roberts & Co, Ares Management Corporation and Blue Owl Capital.
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
