Alternatives Roundtable: what’s the alternative?

Camradata gathered a panel of investment managers, consultants and asset owners to discuss the attractiveness of illiquid alternative strategies. These ranged from City office blocks to Public Finance Initiatives to funding private equity buy-outs in the European mid-market.
Some of these opportunities are well-known to insurers, pension funds and family offices – real estate is often described as the original alternative. But following the Great Financial Crisis, new forms of debt are becoming available to investors that hitherto banks funded. The Camradata panel began by trying to get a sense of the characteristics of these new forms and where they fit into portfolios at this stage in the credit cycle.