Open-end, closed-end and separately managed accounts (SMAs) saw traction in June as alternative asset managers collected more than $65 billion globally, reported Alternatives Watch, citing the AW Research Manager Scorecard.
Private equity firms continue to be in the pole position; however, credit funds are closing in, as each asset class raised $31 billion and $26 billion, respectively. Together they account for the bulk of the monthly fund close activity.
The largest fund close was from $116 billion debt shop HPS Investment Partners, which attracted $21.1 billion for its latest loan fund across a commingled fund, funds-of-one, SMAs and co-investments.
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