The alternative and private capital asset management industry is growing strongly. From 2023 to 2028, PricewaterhouseCoopers expects alternative assets under management to grow by nearly $8 trillion. That represents a compound annual growth rate (CAGR) of just under 7%. This may not sound all that impressive, but in relative terms, it is. That 7% rate outpaces the CAGR predicted for non-alternative assets by around 1%.
Due to this, it is important to be aware of firms that are key players in this space. This is particularly true since firms that manage alternative assets typically charge much higher fees than those managing traditional assets. This can allow these firms to drive higher revenues and give them more room to potentially expand margins.
