Reported 10 months ago
Bobby Jain mentioned that private credit firms are competing with hedge funds for investors seeking alternative strategies, with the private credit market expected to nearly double in size by 2028. Despite challenges in fundraising conditions this year, Jain remains positive about the fundraising environment and aims to raise at least $5 billion for his hedge fund launching in July, albeit lower than the initial goal. Only 23% of family offices plan to increase allocations to hedge funds, indicating a shifting trend in investor preferences towards alternative investments.
Source: YAHOO