An interesting article on AMWatch about Evli’s alternative products and especially PE.
https://amwatch.com/AMNews/Fund_Management/article19205954.ece (paywall)
A recap of the alternatives market:
“The challenge in private assets right now is that the market, particularly on the private equity side, has been relatively weak for quite some time, especially in terms of distributions and exits. This is clearly visible in market data. For example, we’ve analyzed cash flow data from Preqin. Distributions from buyout funds have been below average for the past three to four years,” he says.
He also notes that although 2021 was a record year for exits activity has declined since then.
“This has had a broader impact on the market: when investors receive less capital back, they have less to allocate to new funds,” he says, adding that fundraising has consequently slowed.
“Market statistics show that while 2021 was a record year for fundraising, volumes have declined every year since. In 2025, private equity funds raised only about two-thirds of the capital raised in the peak year of 2021.”
Comments related to Evli:
At Evli, however, fundraising has remained very strong, and the company’s private equity fund-of-funds have consistently grown compared to previous vintages.
“Private equity came first. Shortly after I joined Evli in 2019, we launched an infrastructure fund-of-funds with a similar strategy and philosophy. Since then, we have also introduced private credit and impact forestry as dedicated strategies,” Wanamo says, adding:
“Each of these vehicles has its own characteristics and a distinct role in a diversified portfolio. Private equity is naturally the riskiest of these, but it also offers the highest return potential. It has performed well over the long term in institutional portfolios.”