SWFs shifting from property investments to private equity

The desire of sovereign wealth funds (SWF) to find higher-yielding alternative assets is leading them to increasingly de-emphasise real estate investments and prioritise private equity and private debt, as the former sector struggles with the impact of the Covid-19 pandemic. Data from alternative asset data provider Preqin, which tracked 58 SWFs active in real estate, private equity and private debt, showed that their median allocation to the asset class was 9.51% as of August 202…