News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Funds of funds look to diversify

Private equity fund of funds managers are being forced to diversify and offer separate accounts to attract investors

A growing number of private equity fund of funds managers are setting up separate accounts for clients as it become increasingly harder for them to raise new money, according to new research from data provider Preqin.

According to Preqin, 72 fund of funds vehicles raised a total of $12 billion in 2013 compared with 87 fund of funds managers closing on a total fundraising of $16 billion in 2012.

WSJ Logo