AXA Investment Managers registered strong net new money within its alternatives unit, with significant contributions from non-European markets.
AXA IM Alts raised around 15 billion euros ($16 billion) of net new money in 2022, according to a statement.
Approximately 7.7 billion euros was raised from private debt and alternative credit strategies, including 3.5 billion euros for real estate debt, as investors sought to take advantage of rising interest rates.
Other noteworthy areas of investor demand included real estate equity strategies (3.6 billion euros), infrastructure strategies (3.5 billion euros) as well as asset-backed security and collateralized debt obligation (2.8 billion euros).
Non-European Demand
40 percent of the capital was raised from outside of Europe in 2022 and the firm will continue to grow the geographic diversity of its third-party client investor base in 2023 with a specific strategic focus on North America and Asia Pacific markets.
Other growth areas AXA IM Alts will focus on in 2023 include infrastructure, private debt and alternative credit sectors alongside a newly launched private wealth platform.
«New geopolitical and macroeconomic risks alongside higher inflation and interest rates saw the market change dramatically last year,» said Florence Dard, global head of client group at AXA IM Alts.
