🔬 The beginning of the year seemed to us a good timing to 𝘁𝗮𝗸𝗲 𝘁𝗵𝗲 𝗽𝘂𝗹𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆, asking them about their expectations for the year.
We are happy to share some feed-back coming from consulting about a dozen of our contacts.
👉 The recent decrease of LT interest rates is perceived as positive by some investors in terms of valuation of assets and impact on the economic evolution, but some remain nevertheless in a “wait & see” position in terms of investment decision because of the uncertainty about the future evolution of LT rates which create some potential volatility in valuation.
👉 Limited growth expected in Europe in 2024 (around 1,5 %)
👉 Some investors have already an identified pipeline that represent 50 % of their 2024 allocation
👉 Risk aversion remains present and a preference is often expressed for more mature projects that already generate cash-flows versus early-stage projects. Strength of the (finance) team is key and also the quality of the reporting .
👉 Some investors have unsurprisingly told us that they are more and more focusing on reputational risk and ESG within companies. ESG criteria are obviously becoming increasingly important.
👉 Crowdlending platforms have globally seen the raised volume decrease in 2023 in comparison with 2022, while some players managed to maintain it.
👉 Regarding the real estate sector, we feel a more positive attitude in comparison with last year and some willingness to consider investment opportunities
👉 Some investors are keen to diversify away from Real Estate or other traditional asset classes towards infrastructure, energy or Real Estate in alternative specialized activities such as youth or mental health
You wish to discuss further and understand your possibilities to tap the institutional market, send us a message or call us 📧