Investors poured capital into a wide range of private credit strategies last year, and a review of AUM figures of the largest alternative asset managers in the world reveals a new world order in alternative asset management.
In our analysis of five firms -- KKR, Apollo, Blackstone, Carlyle and Ares -- we found that of the combined $2.3 trillion in AUM at year end 2021 approximately 43% was in credit strategies. Private equity assets account for a combined $714 billion at these top global firms, credit now accounts for $1 trillion.
The differences in . . .
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