Lead
Technology-related investments have edged ahead of traditional alternative categories to become the most widely held thematic area in alternative portfolios, according to research released by KPMG and Nuway Capital. The survey, which covered 120 high-net-worth individuals, family offices and wealth managers across ten international markets, highlights growing investor interest in GPU-related assets.
Survey findings
Seventy-two percent of respondents said they have invested in or advised on technology assets within the past three years, topping real estate at 71% and private equity or venture capital at 61%. Separately, 75% of the sample reported they are optimistic about GPU assets, marking broad sentiment in favor of this subcategory.
Why GPUs are gaining traction
Within the technology segment, GPU-related investments drew attention based on traditional investment criteria. Respondents identified capital appreciation potential and portfolio diversification as primary motivations for GPU allocations, cited by 70% and 54% of participants respectively. Interest in technology and innovation was also a factor, noted by 47% of those surveyed.
"Investors are no longer approaching GPUs purely as a technology play. They are applying the same rigorous criteria used to evaluate infrastructure or private credit: durability of demand, cycle resilience and potential for differentiated returns," said Colin Bosher, founder of Nuway Capital.
Current allocations and trajectory
Despite strong sentiment, current portfolio allocations to GPU-related assets remain at an early stage. A significant share of respondents reported no exposure at present. The survey data indicate an anticipated increase in weightings concentrated in the 11-20% allocation band for those planning to adopt or expand GPU holdings.
Barriers to wider adoption
Respondents identified several hurdles to broader uptake. Fifty-eight percent cited difficulties in managing or understanding GPU assets, and 43% pointed to a lack of trust in the current investment class. Participants outlined measures that would help accelerate adoption: greater availability of structured products such as ETFs and funds (68%), collaboration with established financial institutions (67%), and clearer alignment with AI and machine learning trends (58%).
Conclusion
The KPMG and Nuway Capital survey shows that while technology assets - and GPU interests in particular - have moved to the forefront of alternative investment themes, practical constraints and limited current exposure mean adoption is uneven. Respondents pointed to product availability, institutional partnerships and clearer links to AI-related use cases as the main levers that could lift allocations in the near term.