About the survey

‍In September 2023, we surveyed Moonfare's investor community to gauge their current sentiment on private equity investing. Thanks to our investors from Europe, US and Asia who shared their views.*

Key highlights

• Investors seek to diversify their portfolios The Moonfare Investor Survey 2023 highlights a significant shift towards portfolio diversification. Over 45% of respondents have started prioritising mixing their investments, while moving beyond traditional bonds and stocks to mitigate market volatility.

• Mounting risks precipitate a longer recovery While many investors' perception of the global economy has improved compared with last year, the overall sentiment remains pessimistic. Half of survey respondents also believe the current the economic situation will persist for at least a year to two years.

• Defensive strategies gained in favour In response to ongoing economic uncertainties, investors are increasingly adopting defensive strategies, with a keen focus on assets like private credit, infrastructure and secondaries — in addition to remaining committed to more traditional buyout funds.

• Technology and healthcare driving investors’ enthusiasm Investors are particularly optimistic about the potential of the healthcare and technology sectors. These industries are poised to thrive in the long term, driven by demographic changes and technological advancements.

• Setting the stage for private markets in 2024 As investors navigate choppy economic conditions, the report underscores how important it is to constantly evolve your investment strategies. This includes diversifying across assets, focusing on high-conviction managers with a proven track record and maintaining flexibility to change course as market conditions develop.

Curious to learn about these and other findings? Discover them by downloading your free copy of the report.

‍Note (*): This survey was created and distributed by Moonfare, and cannot be considered to be providing a market view. All responses (n=122) were anonymous and the data was aggregated. Percentages may not total 100% due to rounding.

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. Private equity is a high-risk investment and you are unlikely to be protected if something goes wrong. Subject to eligibility. Please see https://www.moonfare.com/disclaimers.