UK institutions controlling about $2 trillion in assets are poised to ramp up their exposure to illiquid alternatives, including infrastructure and direct lending.

Some 92% of 100 UK investors responding to Fidelity International's global institutional investor survey, published on December 1, said they would increase their exposure to these assets over the next two years. That is more than double the net 44% who said they would do so back in 2012 - that last time Fidelity compiled figures.