Non-traded alternative investments are on pace to raise more than $100 billion in 2022, according to a report by Robert A. Stanger & Co. According to the report, alternative investment funding reached $98.7 billion through November 2022. Non-traded real estate investment trusts (REITs) led the space with $32.1 billion raised, followed by non-traded business development companies (BDCs) with $23.0 billion raised.
The report revealed the top five fundraisers in the space year-to-date: Blackstone, Blue Owl Capital, Cliffwater, Starwood and Bluerock. According to the report, monthly non-traded REIT fundraising fell to $1.1 billion in November 2022. However, the space remained on target to surpass $33 billion in total fundraising for the year, according to TheDIWire.com.
Stanger's survey of top sponsors tracked fundraising of all alternative investments offered through the retail pipeline, including publicly registered non-traded REITs, non-traded BDCs, interval funds, non-traded preferred stock of traded REITs, Delaware statutory trusts, opportunity zones, and other private placement offerings.
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