Allocators poured in over $16 billion across private equity, credit, real assets and hedge funds in June, with half of all mandates still going to PE managers, according to the latest AW Research Investor Scorecard.
Tracking over 100 mandates across alternative asset classes, it was clear that June capped off an already busy 2024 that saw $72 billion put to work by global allocators, as reported by Alternatives Watch. On average, roughly $12 billion is being committed monthly across alternative asset classes, with each month typically totaling upwards of 100-plus mandates, according to AW Research.
The California Public Employees’ Retirement System, which reported $8.6 billion in second-quarter mandates, accounted for much of June’s activity.
On a strategy basis, private equity continues to dominate as funds are accepting allocations across vintage strategies and increasingly in co-investment offerings. In June, private equity accounted for the majority of mandates and a total of $8.8 billion in activity.
Credit, which saw greater activity in May, only logged $1.6 billion in capital moves, while real assets accounted for $3.2 billion in mandates. Infrastructure and real estate allocations logged $780 million and $824 million in mandates, respectively.
Hedge fund activity has picked up as well with $1.2 billion in tickets being awarded in June.
A full rundown of the month’s activity follows in the chart below.
