As the year winds down, the 2018 Annual Institutional Investors Survey draws on survey responses from 50+ allocators of capital, from sovereign wealth funds to family offices to public pensions, to take a pulse on their current sentiment around private market strategies as well as their plans for 2019 and beyond. Some key highlights:
- Limited partners expect to increase their private markets allocation from 30.9% to 32.5%, on average, over the next 24 months.
- Greater than 30% of respondents have lowered their return expectations for buyout, growth, VC and real assets funds.
- Fees are under pressure; they were viewed as the most important factor when making a fund commitment, as well as the area with the worst alignment with general partners.