The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Fund of funds: Non-listing is good for Europe

Thomas Brown, Clerestory Capital Partners

Funds of funds: The fastest growing sector

Funds of funds: Asia is the target

The European fund of funds market has grown quickly off the back of a proliferation of non-listed property funds in Europe. As the number of funds has grown, investment selection and underwriting has become more difficult and funds of funds have played an important role for the sector – for domestic investors investing outside their country for the first time and for smaller investors. The growth of funds of funds will continue in Europe and managers will look to further distinguish their strategies.

The private equity funds of funds market is a template for how this sector might grow, which in part has been driven by the capital base and the type of investor. The possibilities for further capital coming into the real estate funds of funds market are also very high. Of the €7.4 billion targeted for Europe, the majority is intra-regional, and the story is the same for the US sector.

However, in Asia, capital going into funds of funds has been truly international, demonstrating how the sector can be a good point of access to new markets.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree