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Institutional Asset Allocation Outlook 2025

Strategic Positioning Across Public and Private Markets

A forward-looking assessment of how pensions, insurers, and endowments are recalibrating allocations, liquidity frameworks, and governance in a higher-rate regime.

Dec 15, 202430 min3.6 MBPreview 12 pages
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Market Analysis

Institutional Asset Allocation Outlook 2025

Strategic Positioning Across Public and Private Markets

Dec 15, 2024

Executive Summary

More than 70% of surveyed CIOs anticipate reallocating at least 5% of portfolio weight during 2025, with private credit, infrastructure, and short-duration fixed income seeing the largest net inflows.

Key Findings

1Funding-ratio volatility is driving a 9% average increase in liability-aware fixed income allocations.
2Private credit commitments are poised to expand by $210B globally as institutions seek floating-rate income.
3Infrastructure equity remains a preferred inflation hedge, with 62% of CIOs targeting energy transition assets.
4Governance enhancements—faster decision rights, scenario analytics, and centralized risk dashboards—are cited as critical enablers of agility.

Table of Contents

Executive SummaryPage 4
Macroeconomic Baseline & ScenariosPage 9
Allocation Shifts by Investor SegmentPage 18
Private Markets OutlookPage 28
Liquidity and Risk GovernancePage 36
Implementation PlaybooksPage 46
Implications & Action ChecklistPage 56

Methodology

Findings draw on a proprietary survey of 160 global CIOs, analysis of custodial allocation data representing $2.4T in AUM, and scenario modelling using RSFM's macroeconomic toolkit.

Data Sources

RSFM Research, Bloomberg, MSCI, Preqin, public filings, interview transcripts.

About the Author

田(T

田俊 (Jun Tian)

Founder & CEO

RSFM's research collective synthesises market intelligence, governance benchmarks, and transaction casework to inform institutional decision makers.

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