Alternative assets fund managers held a record $7.4 trillion in combined global assets under management (AUM) in 2015, up from $6.9 trillion a year ago. The private capital industry in particular has grown over the past year, as almost every constituent asset class saw its AUM increase, Preqin's 2016 Global Alternatives report.
The industry as a whole added $193bn in assets under management through first half of 2015, more than the $149 billion growth seen in the entire 2014.
The aggregate value of the portfolios of assets held by private capital fund managers is continuing to rise as general partners put more capital to work. Hedge funds saw a challenging year in 2015, but combined assets under management grew from $3 trillion to $3.2 trillion despite performance concerns, the report said.
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