With Intelligence

We are pleased to announce the acquisition of Realfin, a data platform providing the best in real assets intelligence for professionals active in private real estate, infrastructure, energy and natural capital. London-based Realfin empowers investors, fund managers, lenders and service providers in identifying which assets sit in private fund portfolios; assets likely to be exited in the future; deal sourcing; investors seeking real assets exposure; new strategies being launched; and the performance of private real assets funds. Realfin operates the world’s largest and deepest real assets data resource – RealfinX Platform – with a global coverage of 32,000 private funds, 29,000 investors, 9,000 fund managers, 172,000 deals, and 56,000 professionals. Realfin is the latest in a series of recent acquisitions focused on building out a unique offering in private markets across data and intelligence. The addition of Realfin’s data strengthens our ability to track the full lifecycle of private markets capital, from investor allocations, fund launches, fundraising, performance and benchmarking, through to asset-level deal making.   Find out more here: https://lnkd.in/eH54tSfg #Infrastructure #RealEstate #PrivateMarkets

Despite industry talk of a “golden moment” for private credit, getting a new launch off the ground has proven very difficult in recent years. Reflecting the increasing concentration of the direct lending market, our 10 "managers to watch" this year are heavily biased towards opportunistic credit and asset-based finance, which are fast emerging as new battlegrounds within private credit. Through conversations with LPs, GPs and industry experts, our private credit emerging managers to watch in 2025 report has identified the most exciting GPs in the sector getting their first funds off the ground. The report is out now, read the full list and analysis here: https://lnkd.in/g-UNyRPp #PrivateCredit #EmergingManagers

We tracked 53 new real assets fund launches in March.   The largest launches have been concentrated in infrastructure. Meridiam returned to the market with the fifth vintage of its flagship European sustainable infrastructure strategy, which targets between €2.5bn—€3bn.   DTCP is also preparing to return to the market with the launch of the third iteration of its digital infrastructure fund later this year, with a target of €1.5bn. #RealAssets #Infrastructure

Goldman Sachs continues to lead service providers with the most Billion Dollar Club (BDC) clients across all AuM tiers. But the gap is closing, as Morgan Stanley made up ground in 2024, especially among $10bn+ clients. This week in The Alternatives Insider, we break down the key prime brokers to BDC hedge funds. #HedgeFunds #ServiceProviders

The Allocator: a private email newsletter crafted exclusively for the world’s leading institutional investors. Twice a week, award-winning journalist Leanna Orr delivers the hottest industry insights, unposted job opportunities, and vetted manager intel. Trusted by investors at Ivy League endowments, billion-dollar family offices, and prominent Middle Eastern sovereign wealth funds, The Allocator has become essential reading when it lands in inboxes. Sign up here: https://lnkd.in/ew-9KpqM #InstitutionalInvestors #TheAllocator #FinanceInsights *Subscriptions are only open to institutional allocators

As part of our latest Billion Dollar Club (BDC) report, we’ve analyzed the administrators, prime brokers, and auditors serving these $1bn+ hedge funds. We can now share the latest rankings of the key service providers to BDC hedge funds in 2024. The Citco Group Limited retains its lead as administrator with most BDC clients overall, closely followed by SS&C and Morgan Stanley. Read the report here: https://lnkd.in/e_CvH44E #Administrator #HedgeFunds #BillionDollarClub

Our latest Private Credit Fundraising Report revealed that private credit fundraising rebounded in the second half of 2024 for a full-year total of $215bn – an 8% increase on 2023’s total of $199bn. Explore key trends from the full report on our insights page and download your copy of the Private Credit Fundraising Report: https://lnkd.in/dK4fTM9N #PrivateCredit #Fundraising

As part of our latest Billion Dollar Club (BDC) report, we’ve analyzed the prime brokers, administrators, and auditors serving these $1bn+ hedge funds. We can now share the latest rankings of the key service providers to BDC hedge funds in 2024.   Goldman Sachs remains the leading provider in terms of the number of BDC clients across all AuM tiers. But the competition is heating up, Morgan Stanley gained significant ground in 2024, particularly among the $10bn+ hedge funds. Read the report here: https://lnkd.in/e_CvH44E #PrimeBrokers #HedgeFunds #BillionDollarClub

The next wave of real estate fund managers is emerging from both sides of the Atlantic. In our Real Estate Emerging Managers to Watch 2025 report, every manager featured is headquartered in either the US or London. These firms are fundraising across strategies, from distressed opportunities and niche strategies to sustainability-led value creation. with experienced teams stepping out from established platforms to build something new.  This report profiles the talent, track records, and strategies driving the real estate emerging managers in 2025.  Read the full report here: https://lnkd.in/eWY55RRB #RealEstate #EmergingManagers

Watch the rise of the world's biggest hedge fund firms over the past 10 years, and see how some multi-strategy powerhouses have climbed the top 20 ranking. This dynamic timeline of our Global Billion Dollar Club reveals remarkable growth, asset consolidation and strategy pivots at the apex of the hedge fund industry. For more on With Intelligence’s Billion Dollar Club download your copy of the With Intelligence Hedge Billion Dollar Club H2 Report: https://lnkd.in/g-zBBCcH #BillionDollarClub #HedgeFunds #HedgeFund