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Guide to Alternatives

Download the Guide

  • Introduction
  • Alternatives in portfolios
  • Real Estate
  • Other real assets
  • Private equity
  • Private credit
  • Hedge funds
  • Appendix

Cover Page

Email slide

Risk & disclosures

Risk & disclosures

Cover Page

Guide to Alternatives
3Q 2025As of August 31, 2025
Guide to Alternatives
Designed to simplify the complex world of alternative investments to help you make more informed investment decisions.
Log in for full access
  • Create custom presentations

Global Market Insights Strategy Team

Global Market Insights Strategy Team

Page reference

Page reference

Earnings/coupon yield and the 60/40

60/40 returns and stock-bond correlation

60/40 portfolio income generation

Portfolio diversification

Alternatives: Correlations, returns and yields

Alternatives and manager selection

Valuations monitor

Public and private market correlations

Yield alternatives

Assets under management

Alternatives fundraising and dry powder

Investor positioning

Alternative asset class returns vs. selected portfolios

Sources of global private real estate returns

U.S. REITs and direct real estate returns

Real estate correlation to equities

U.S. real estate: Transaction volumes

U.S. real estate: Cap rates and property prices

U.S. real estate: Vacancy rates and NOI growth

U.S. real estate: Office leasing activity

U.S. real estate: Office supply

U.S. housing affordability

U.S. real estate: Data centers

Europe real estate: Transaction volumes

Europe real estate: Yield and income

Europe real estate: Office vacancy rates

Asia Pacific real estate: Transaction volumes

Asia Pacific real estate: Yields and capital values

Asia Pacific real estate: Japan multifamily

Commercial mortgage maturities and delinquencies

Commercial real estate credit risk metrics

Commercial real estate debt

Sources of global infrastructure returns

Infrastructure investment needs

Global infrastructure transactions

U.S. utility profitability and consumption

U.S. electricity generation

U.S. electricity consumption

U.S. timber investments returns

U.S. wood consumption and demand

Global trade routes and chokepoints

Global seaborne trade volumes

Global shipping: Orders, capacity and age

Global shipping costs and U.S. imports

U.S. public vs. private equity

Global private equity returns

Private equity performance vs. public markets

Global private equity fundraising

Global private equity investments and exits

U.S. private equity investments and exits

U.S. private equity dry powder and inventory backlog

U.S. private equity investments and multiples by size

Global mergers and acquisitions

IPOs by count and value

U.S. leveraged buyouts

Capital calls and distributions

Global private secondary market

U.S. venture capital

Health care dynamics

U.S. unicorns: Formations and valuations

Venture investment in artificial intelligence

Cash flows, the J-curve and returns in private equity

Private credit industry growth

Credit yields comparison

Yield and spread trends

Private credit dry powder, fundraising and deal activity

Defaults and restructuring trends

Leveraged loans market stress

Public and private credit returns

Hedge funds and manager selection

Hedge fund strategy returns

Hedge funds and traditional portfolios

Hedge fund performance and volatility

Fixed income and volatility and correlations

Hedge fund returns and interest rates

Definitions

Definitions

Definitions

Risk & disclosures

Risk & disclosures

Cover Page

Guide to Alternatives
3Q 2025As of August 31, 2025
Guide to Alternatives
Designed to simplify the complex world of alternative investments to help you make more informed investment decisions.
Log in for full access
  • Create custom presentations

Global Market Insights Strategy Team

Global Market Insights Strategy Team

Page reference

Page reference

Earnings/coupon yield and the 60/40

60/40 returns and stock-bond correlation

60/40 portfolio income generation

Portfolio diversification

Alternatives: Correlations, returns and yields

Alternatives and manager selection

Valuations monitor

Public and private market correlations

Yield alternatives

Assets under management

Alternatives fundraising and dry powder

Investor positioning

Alternative asset class returns vs. selected portfolios

Sources of global private real estate returns

U.S. REITs and direct real estate returns

Real estate correlation to equities

U.S. real estate: Transaction volumes

U.S. real estate: Cap rates and property prices

U.S. real estate: Vacancy rates and NOI growth

U.S. real estate: Office leasing activity

U.S. real estate: Office supply

U.S. housing affordability

U.S. real estate: Data centers

Europe real estate: Transaction volumes

Europe real estate: Yield and income

Europe real estate: Office vacancy rates

Asia Pacific real estate: Transaction volumes

Asia Pacific real estate: Yields and capital values

Asia Pacific real estate: Japan multifamily

Commercial mortgage maturities and delinquencies

Commercial real estate credit risk metrics

Commercial real estate debt

Sources of global infrastructure returns

Infrastructure investment needs

Global infrastructure transactions

U.S. utility profitability and consumption

U.S. electricity generation

U.S. electricity consumption

U.S. timber investments returns

U.S. wood consumption and demand

Global trade routes and chokepoints

Global seaborne trade volumes

Global shipping: Orders, capacity and age

Global shipping costs and U.S. imports

U.S. public vs. private equity

Global private equity returns

Private equity performance vs. public markets

Global private equity fundraising

Global private equity investments and exits

U.S. private equity investments and exits

U.S. private equity dry powder and inventory backlog

U.S. private equity investments and multiples by size

Global mergers and acquisitions

IPOs by count and value

U.S. leveraged buyouts

Capital calls and distributions

Global private secondary market

U.S. venture capital

Health care dynamics

U.S. unicorns: Formations and valuations

Venture investment in artificial intelligence

Cash flows, the J-curve and returns in private equity

Private credit industry growth

Credit yields comparison

Yield and spread trends

Private credit dry powder, fundraising and deal activity

Defaults and restructuring trends

Leveraged loans market stress

Public and private credit returns

Hedge funds and manager selection

Hedge fund strategy returns

Hedge funds and traditional portfolios

Hedge fund performance and volatility

Fixed income and volatility and correlations

Hedge fund returns and interest rates

Definitions

Definitions

Definitions

Risk & disclosures

Risk & disclosures

Slide

1 / 81
Cover Page
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Guide to Alternatives 

Alternatives Insights

We bring you insights based on our nearly 50 years of experience investing in alternatives and more than 800 alternatives professionals around the globe.

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Simplify the complex with our timely and thought-provoking insights on market events and outlook and make informed investment decisions more confidently.

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