2022 turned out to be a difficult year for many alternative asset investors as fundraising took a hard hit amid macro market headwinds, including a slow exit environment and an ongoing valuation reset, according to a Preqin report.
While more adverse impact is expected to weigh on the performance of private equity (PE) and venture capital (VC) firms in subsequent quarters, the London-based market data provider observed “a remarkable shift” in investor appetite for global alternative assets.