Tiger 21's cohort of ultrawealthy investors increased their private equity allocations by three percentage points in the first quarter, up from 19% in the fourth quarter of 2012.
The group's latest asset allocation report said private equity had risen by 12 points from a low of 9% in the fourth quarter of 2010.
Tiger 21's more than 200 members across North America maintain investable assets of more than $19 billion. Their asset allocations are tracked quarterly.
Key findings in the first quarter report:
- Public equities declined to 23% from 24% in the fourth quarter
- Real estate fell to 19% from 21% in the previous quarter
- Hedge funds rose to 8% from 7%
- Fixed income (14%), cash (12%), commodities (1%) and currencies (0%) remained unchanged.
"Private equity investments have always been a favorite of our members—who largely come from entrepreneurial backgrounds where they were actively involved in running companies," Michael Sonnenfeldt, Tiger 21's founder and chairman, said in a statement.
