2025 CAIA Impact Report
A Transformative Year Started with a Long-Term Vision
What if 2025 wasn’t just another milestone—but a fork in the road?
This year we chose the path that leads to long-term impact, future-forward leadership, and a redefined capital market system.
Hear directly from CAIA CEO John L. Bowman as he shares the story
behind Vision 2035 and what it means for the future of capital allocation.
From Strategy to Vision: 2025 Marks the Start of a Transformative Decade
Message From John Bowman
The Year in Numbers: Real Impact, Global Reach
Tuned In. Quoted. Called On.
This year our voices were heard in more places than ever!
From industry articles and podcasts to global media features and expert panels, we were called on to share insights, challenge assumptions, and contribute to critical conversations shaping the alternative investment space. While the bylines speak for themselves, the bigger story is clear: our expertise is being sought out—and it’s resonating.
Follow us on LinkedIn to stay updated next year!
A look back at a few of the moments we made headlines — tap each below to revisit the stories.
Global Alignment in Action: Regional Signals from 2025
What did Vision 2035 mean to investment professionals around the world in 2025?
Regional leaders from AMRS, EMEA, and APAC share how local engagement, market activity, and practitioner perspectives across their regions helped shape and solidify CAIA’s long-term vision—proving that Vision 2035 isn’t just global in scale, but global in substance.
Guiding the Profession Through Six Big Shifts
CAIA didn’t just comment on change; we helped define it.
From digital assets to ethics, see how our 2025 content shaped real conversations.
Ideas with Impact: CAIA’s Content Shift in 2025
Message from Aaron Filbeck
Our Top Pick from Each of This Year’s 6 Content Themes
Total Portfolio Approach: A flexible framework for a new investment era
In 2025, CAIA deepened its efforts to demystify TPA, refine its practical applications, and address how it differs from traditional portfolio construction strategies.
Highlight of the Year
Private Markets in Wealth: The growing role of alternatives in private client portfolios
Throughout 2025, CAIA educated wealth managers, helping them navigate the complexities of private markets and collaborate with asset managers to refine distribution strategies, ultimately improving outcomes for all stakeholders.
This One Says it Best
Private Credit: Unpacking the risks, rewards, and future of this fast-growing space
In 2025, CAIA aimed to provide balanced perspectives on the secular trends fueling the rise of private credit, while also highlighting the cyclical challenges and risks investors had to navigate.
Selected for a Reason
Digital Assets: A closer look at evolving adoption, regulation, and investment implications
As regulatory clarity emerged throughout 2025, CAIA empowered industry professionals with insights to harness the potential of digital assets while remaining vigilant to the risks they posed.
See What Stood Out
Ethics & Professionalism: Addressing new challenges in an increasingly complex market
In 2025, CAIA formalized new ethical principles within its member and candidate agreements and worked to integrate them into the 2026 curriculum—ensuring that the next generation of candidates will study and apply them from the start. To amplify this effort, we produced case studies, engaged in industry dialogue, and advocated for higher standards across the profession.
A Defining Piece
The Great Convergence: Reshaping the industry at large
The Great Convergence was a dynamic force that shaped the investment profession, and these themes defined CAIA’s presence on public stages, in the press, and at conferences throughout 2025.
A 2025 Standout
A Smarter Future Unveiled in 2025:
CAIA.nxt™ Reimagined for What’s Next
Expanded in 2025 with practical, on-demand content — and FREE access for CAIA Members!
In 2025, we reintroduced CAIA.nxt™—a reimagined learning platform designed to meet the evolving needs of today’s alternative investment professionals. With on-demand microcredentials and full access to the Fundamentals of Alternative Investments (FAI) certificate, CAIA.nxt™ delivers rigorous, relevant, and practical education.
Whether you're deepening expertise or upskilling for what’s next,
CAIA.nxt™ is now the industry’s most innovative resource for continuous learning.
Inside CAIA.nxt™: The Future of Learning Is Now
Message from Steve Novakovic
The Power of Community
2025 Set the Stage for a New Kind of Member Experience
In 2025, we redefined what community could mean — starting with the voices of our Members.
In 2025, we began laying the groundwork for something rarely seen in professional associations: a super hospitality model—one rooted in deep Member understanding, meaningful touchpoints, and high-impact support. While this year wasn’t defined by flashy new programs, it was pivotal in setting the foundation. Through strategic listening and Member polling, we aligned around a new vision of what it means to belong to CAIA.
The result? A community experience that won’t just serve our Members—it will surprise and elevate them!
Laying the Groundwork: How 2025 Reshaped the Future of CAIA Community
Message from Mirjam Dekker
2026 on the Horizon
A look ahead at what’s next and how your support continues to drive our shared future forward.
As we close out 2025, CAIA CEO John Bowman shares what to expect from CAIA Association in the year ahead. And at the heart of it all: our promise to be responsible stewards of your time, trust, and resources. We invite you to be part of what’s next, because the future of this profession is one we build together.
From Here to What’s Next
Message from John Bowman