All Alternatives articles
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White papersAlternative living: a strategic growth market in Europe
Across Europe, alternative living concepts are evolving from niche offerings into a fully recognised institutional asset class. Formats such as student housing, senior residences, micro living, serviced apartments and co living are now integral to long term real estate strategies.
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White papersInfrastructure Debt: A Compelling Private Credit Portfolio Addition
Updating existing infrastructure and building new assets to accommodate increased mobility, digitalization and the continued transition to new and cleaner sources of energy will require $106 trillion in funding by 2040, according to McKinsey estimates. With government budgets stressed, private capital — including debt capital—will be necessary to meet this goal.
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White papersPrivate assets: a new return architecture
In the 2010s, private equity returns were largely driven by multiple expansion and financial leverage — both of which are likely to be structurally impaired going forward. The 2026–2035 decade requires a return architecture to be built on several pillars: income yield (contractual coupons, regulated returns, rental income), real earnings and cash flow growth (operational value creation, sector tailwinds), and selective illiquidity and complexity premia over liquid equivalents.
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White papersPricing nature: carbon and biodiversity credits explained
Carbon and biodiversity credits are often discussed together as tools for pricing nature. This can give the impression that they perform a similar role in investment strategies. In practice, they price fundamentally different things, behave differently in markets and should be treated accordingly by investors.
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White papersEmerging markets after Iran shock: AI, oil and market dispersion
Emerging markets continued their resurgence in early 2026, only to be tested by renewed geopolitical shocks. As AI leadership, oil disruption and policy credibility pull markets in different directions, performance has become increasingly uneven. We explore why emerging markets’ resilience is now defined by dispersion and what that means for investors.
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White papersPrivate Credit and BDCs: Why the Sell-Off Tells an Incomplete Story
We believe the private credit market is much more diverse—and resilient—than the recent focus on corporate direct lending and BDCs would suggest.
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White papersConsider currency correlation
Currency can bring diversification, but not if the countries react similarly to events.
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White papersSeizing the European Prime Office Opportunity
Prime office properties in supply-constrained, centrally located European submarkets could offer a compelling outlook for rent growth.
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VideoPrivate Credit Roundtable (3/3): Where AI-driven infrastructure is creating credit opportunities
As AI drives demand for datacenter infrastructure, new opportunities are emerging across private credit. Our panel examines how this buildout could influence the market in the final episode of the private credit roundtable series.
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VideoVenture Capital Roundtable (3/3): What investors may be underestimating in 2026
What might investors be overlooking as they look ahead to 2026? From biotech shifts to climate resilience and distribution, our panel explores the themes that could shape future outcomes in part 3 of the venture capital roundtable series.
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VideoVenture Capital Roundtable (2/3): How investors are identifying quality in a crowded market
With more companies and capital competing for attention, identifying true quality is increasingly complex. Part 2 of the venture capital roundtable series, our investors share how they cut through the noise to find differentiated opportunities.
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VideoVenture Capital Roundtable (1/3): Where to look beyond AI in today’s market
As AI dominates investor attention, where might opportunities be missed? In the first video discussion of this series, our venture investors look beyond the headlines to uncover areas that may be underappreciated.
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White papersWhy invest in farmland?
Investor interest and demand for natural capital solutions continue to rise—positioning farmland investment as an increasingly valuable real asset opportunity. For decades, agriculture as an asset class has demonstrated its potential to generate stable returns, protect against inflation, and reduce overall portfolio volatility.
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Asset Manager NewsResponse to inflation pressures - Kempen SDG Farmland Fund
The shift away from decades of low-inflation and a highly globalised economy represents a structural change in the macro-economic environment.
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White papersCommercial Real Estate: It’s More Diverse Than You Think
The opportunity set in this wide-ranging market extends well beyond office properties.
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Asset Manager NewsBlueberry acquisition strengthens permanent crop platform
The Kempen SDG Farmland Fund has taken another deliberate step in developing a long term platform built around productive farmland and high quality crops. The acquisition of the Pan American and Othello blueberry farms in the Pacific Northwest adds depth to the portfolio and strengthens the Fund’s position in a region known for reliable fruit production and strong local expertise. Together, the farms cover about 312 planted hectares and 405 hectares in total across Oregon and Washington.
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White papersGold rush or fool’s gold? Three views on surging prices
With gold prices rising to record highs over the past three years, investors have increasingly turned their attention to this ancient store of wealth. What is driving the rapid increases, especially at a time when stocks and bonds have also generally done well?
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VideoNeuberger Private Markets: Q4 2025 Preliminary Valuation Summary & Analysis
Doug Manor, Managing Director, Neuberger Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
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White papersBack to the Future: Cap Rates, Inflation, and the Lessons of the 1970s
If today’s macroeconomic environment begins to resemble the 1970s, the path of cap rates could take many investors by surprise.
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White papersThe shift in how the world sees farmland: An asset that sits between categories
Investment categories tend to last longer than the conditions that created them. Real estate, infrastructure and private markets were shaped in a period when natural systems felt predictable and globalisation appeared steady. Those assumptions carried portfolios for decades.
