(Opalesque) Many of the U.S.-based alternative investment managers (alt IMs) had their best fundraising periods on record in the second quarter, said a study. Investors searching for yield amid persistently low-interest rates led to record fundraising for alt-IMs in 2Q, according to a report by Fitch Ratings. Several firms logged their best fundraising periods on record – Apollo’s inflows were primarily driven by transactions in its insurance platform, without which inflows would have still totaled a strong $16 billion in 2Q.
U.S. alternative investment managers hit record fundraising in Q2
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