Moonfare Investor Survey 2022

About the survey

In September 2022, we conducted an online survey to better understand the sentiment of Moonfare’s investor community. We are grateful to the 244 Moonfare investors who offered us their views and observations about private equity investing in the given economic circumstances. Respondents were individual private equity investors, domiciled in Europe, US and Asia.

Key highlights

• Growing concerns amid recession woes
  The global economy is in for tougher times. Retail investors in private equity share concerns about the immediate economic outlook, too. They also expect a prolonged slowdown which could extend well into 2023 and beyond.
• Confidence in private equity remains high
  Investors are doubling down on private equity, despite the macro headwinds – 83 percent are considering making new allocations to the asset class in the next 12 months. They’re already well exposed to private market assets and are aiming to further increase their share. 
• Spotlight on buyouts and defensive strategies
  Traditional buyout funds are seen as the best bets in today’s economy. Infrastructure, secondaries and private credit are also on investors’ radars given their recession-resilient traits. Conversely, there’s less confidence in tech-heavy VC and growth. 
• Investors love a good track record, but see illiquidity as the biggest barrier
  When making an investment decision, retail investors will first consider the track record and then the fund’s leadership team. Illiquidity, fees and long-term horizon are the biggest hurdles but there are good ways to mitigate their influence. 

Important notice: This content is for informational purposes only. Moonfare does not provide investment advice. You should not construe any information or other material provided as legal, tax, investment, financial, or other advice. If you are unsure about anything, you should seek financial advice from an authorised advisor. Past performance is not a reliable guide to future returns. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Subject to eligibility.