KPMG has brought together its hedge fund, real estate and infrastructure businesses into an Alternative Investment Group.
Tony Rocker, who has been appointed head of the new group, said the alternative investment industry was at a turning point: ‘The demand for assets and investment opportunities means the barriers between traditionally separate sectors are breaking down.
Hedge funds and private equity groups are increasingly looking at investing in physical assets such as real estate and infrastructure. Both these sectors are experiencing tremendous inflows of capital from institutional investors seeking investment performance’.
Rocker set an ambitious target for the new group. ‘We expect to quadruple our business in this area within three years,’ he said.
The group includes staff from KPMG’s corporate finance, tax, transaction services, audit and advisory practices.