Alternatives Insights

2023 Alternatives outlook: Packing for the trek through uncharted terrain

Persistently high inflation, high rates and high volatility are creating an investment landscape unlike any we’ve faced - but with the right preparation we will be equipped for the wilds of 2023.

Read the foreword

Two hikers going up a mountain on a sunny day

Asset Allocation outlook: Providing essential portfolio support

Explore how alternatives can offer AID (alpha, inflation protection, dislocation opportunities) for the trek through 2023.

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2023 outlooks by asset class

Guide to Alternatives

Get insights on macro topics such as manager dispersion, while also diving into real estate, private credit, private equity and hedge funds and more.

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Insights by asset class

Asset allocation Hedge funds Private equity Private credit Infrastructure/Transport Real estate

Asset allocation

Alternative asset returns

When investing in alternatives, it is important to consider the return calculation methodology. Read more about how to measure investment returns.

Performance Dispersion

Learn more about the sources and magnitude of performance dispersion to better manage the risk of alternative investments in your portfolio.

Improving portfolios’ equity diversification with hybrid alternative assets

Discover how opportunities in nontraditional asset classes, such as diversified hedge funds, may help provide stability during market volatility.

Investment opportunities in genetic medicine, automation and cybersecurity

Jared Gross, Head of Institutional Portfolio Strategy, Felise Agranoff, Growth Equity Portfolio Manager, Dr. Matt Cohen, U.S. and Global Healthcare Portfolio Manager, and Eric Ghernati, Senior Technology Analyst and Portfolio Manager, review the dramatic changes afoot in genetic medicine, automation, and cybersecurity.

Inflation and monetary policy

David Lebovitz, Global Market Strategist, and Jared Gross, Head of Institutional Portfolio Strategy, discuss the current state of inflation, the reaction of the Federal Reserve and how investors can position themselves for both the near-and-long-term shift in interest rates.

Core Alternative Assets Deliver What Public Markets Cannot

Explore alternative asset opportunities, such as core alternatives, to substitute traditional public assets and improve portfolio outcomes

Hedge funds

Macro strategies outlook: Disinflation and robotics

Learn more about the Alternatives Macroeconomic Outlook for 2023, including disinflation and opportunities in equities and robotics innovation

Hedge funds outlook: Change and opportunity

Look out for market trends and new opportunities in 2023 with our hedge fund outlook to help you decide for your next investment

Private equity

Private Equity Outlook

Learn about Private Equity Outlook for 2023, including in early-stage Venture Capital investing and in smaller and middle markets.

Growth Equity outlook: Innovation to drive value

Learn about capital investment opportunities and trends in new climate technology and life sciences companies with our Growth Equity Outlook for 2023

Taking a byte out of GHG emissions

Find the role energy usage data can play in catalyzing a sustainable real estate industry and helping reduce its greenhouse gas emissions.

The DEI opportunity in private equity

Diverse private equity firms (DEI) are an expanding and critical component of both the emerging manager and broader private equity industry

Private credit

Convertible debt outlook: Systemic and cyclical trends present opportunities

Look out for market trends and new opportunities in 2023 with our convertible bond market outlook to help you decide for your next investment

Mezzanine debt outlook: Expecting higher returns for lower leverage loans

Explore our Mezzanine Debt Market Outlook outlining mezz financing with higher rates, tighter liquidity, less competition, and lower risk favoring lenders.

Infrastructure debt outlook: Performance remains resilient

Learn about the 2022 infrastructure debt outlook as performance is expected to remain resilient during an inflationary environment.

Commercial mortgage loan outlook

Read the Commercial Mortgage Loan Outlook for 2023, with a focus on office, retail, multifamily and industrial sectors

Global Special Situations outlook: Attractive risk-reward profiles

Learn about the Private Credit Global Special Situations Outlook to find out more about how bespoke private investments continue to offer attractive risk-reward profiles in 2023.

Infrastructure Outlook

Learn about the Core Private Infrastructure Market Outlook in 2023 in regard to inflation protection and uncorrelated returns.

Infrastructure/Transport

Diversified core-plus transportation

A diversified approach to transportation investing has the potential to offer resilience and help investors mitigate portfolio volatility.

Infrastructure returns: resilient and supported by income

Nick Moller, Investment Specialist in the Infrastructure Investments Group, discusses the private infrastructure market, how it performed in 2020 and what to expect in 2021 and beyond.

Real estate

U.S. real estate outlook: Pockets of demand still exist

Read our U.S. Real Estate Market Outlook for the year 2023 and identify investment opportunities and prospects within the housing market.

European real estate outlook: Economic uncertainty creates opportunities

Learn more the European Real Estate Outlook for 2023, with a focus on office, industrial and logistics sectors.

Asia-Pacific real estate outlook: Demand underpins performance

Learn about the Asia Pacific Real Estate Market Outlook to find out more about how external factors are expected to impact performance over 2023.

European real estate: Opportunities in a time of change and complexity

Learn how the European real estate market is characterized by both change and complexity that has been amplified by COVID-19.

Returning shoppers and fresh spending reinvigorate retail assets

With increased consumer sales and mall and store traffic, the outlook for real assets is turning more positive and pointing to brighter days ahead.

The industrial real estate outlook for APAC markets

Explore the positive outlook for the industrial sector in APAC markets, supported by projected long-term growth in consumption, wealth, and trade volumes.