Private investment, which was hit by the coronavirus pandemic, have regained growth momentum, and multi-strategies have become a bright spot in the hedge fund universe, according to market participants.
The pandemic dragged down investment activities and deal flows in the global private market, including private equity and private debt, in 2020, but fundraising has picked up this year, with dry powder reaching new highs and valuations rising, said Richard Tan, portfolio specialist for Asia at consulting firm Mercer.
He was among market participants who shared their views on global alternative investment trends at a virtual meeting organised by
Asia Asset Management. Participants at the April 27 meeting included representatives from asset management firms and the Asian Infrastructure Investment Bank (AIIB).