Sales of non-traded alternative investments have totaled $77.1 billion annually through August 2022. Through August, non-traded alternative investments saw a 56 percent increase over the same period of 2021.
According to Robert A. Stanger and Co., sales of net asset value real estate investment trusts reached $26.0 billion, non-traded business development companies (BDC) with $18.7 billion, interval funds with $18.0 billion, and Delaware statutory trusts with $6.8 billion.
Blackstone continues to lead alternative investment fundraising, with $25.0 billion raised year to date. Blackstone's non-traded REIT has raised $15.4 billion, while its perpetual-life BDC, Blackstone Private Credit Fund, has raised $9.6 billion.
With a surplus of sponsors exploring non-traded REITs and non-traded BDC spaces, Stranger expects another record-breaking year for alternative assets. Based on current fundraising levels, Stanger maintains the 2022 projections at $35 billion for non-traded REITs and $25 billion for non-traded BDCs, according to Chairman Kevin Gannon. Stanger also remains confident that their overall fundraising projection or all alternatives Stanger covers will reach $120 billion in 2022.
As of August 2022, the top alternative investment sponsors are Blackstone, Blue Owl Capital ($6.9 billion), Cliffwater LLC ($5.2 billion), Starwood Capital ($4.2 billion), Apollo Global Management ($3.4 billion), Bluerock Capital ($3.1 billion), HPS Investment Partners ($2.8 billion), Ares Management ($2.6 billion), Nuveen ($1.4 billion) and FS Investments ($1.3 billion).
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