Pensions, SWFs gravitate to 'fund of one' for alts strategies
Large institutional investors are increasingly opting for separately managed accounts that promise deeper relationships with fund sponsors and better access to deal flow.
Large institutional investors such as pension funds and sovereign wealth funds are increasingly taking advantage of separately managed accounts (SMAs) while making fund investments, a trend that is set to increase pace in 2024.
“We are hearing about more interest in pursuing SMAs in 2024. We see this [SMA] interest in real estate, infrastructure and private credit strategies,” Billy Zhang, counsel in legal firm Ropes & Gray’s asset management group, told AsianInvestor.
Hong …
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