The Alternative Asset Industry Continued to Grow During the Twelve Months Ended March 31, 2017

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Convergence’s Q1 2017 analysis of the Industry provides original insights into market factors impacting the Industry.

Convergence’s Q1 2017 analysis of the Industry provides original insights into market factors impacting the Industry. We measure the health of the Industry by analyzing changes we observe across 17,500+ Advisors, 53,000+ Private Funds and 6,000+ Service Providers.

Industry assets grew 6.9% higher than the 5.3% asset growth observed at purer-play Managers (defined as Managers advising greater than 50% of private fund assets/total fund assets). The number of new Managers and Advisers entering the Industry increased 3.8% and 3.9%, respectively, versus 4.8% and 4.7%, at pure play Managers and Advisers, respectively. The number of Private Funds in the Industry increased 4.2% and by 5.4% at pure-play Managers. Headcount across the Industry declined slightly while Headcount at more pure play alternative Advisers increased 5%.

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ABOUT CONVERGENCE

Founded in 2013, Convergence is an independent growth company that has created an entirely new platform comprising (1) data, (2) research and analytical products, (3) surveillance / monitoring services, and (4) advisory services, all providing transparency into the infrastructure of the alternative asset management industry. The firm's leadership team has 120+ years of experience managing operating risk in many of the world's leading asset management organizations. The depth and breadth of this industry expertise differentiates Convergence from any research players in the industry who provide data but fail to provide actionable context. Convergence does not render investment advice.

For more information visit: http://www.convergenceinc.com or contact George Evans at gevans(at)convergenceinc(dot)com or 215-704-7100.

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George Evans
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