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Bailey McCann, Opalesque New York:

Just as hedge fund assets have topped three trillion marking a new high in assets under management, other asset classes are on the rise as well. According to the latest fundraising data from placement agent Triago, private equity commitments and investments amount to $4 trillion in 2015, an all-time high. The US continues to account for the bulk of those assets and is also leading the pack on distributions.

According to the data 2015 distributions are on pace to top $503 billion.

Rates of return for each type of strategy also remain strong.

"Add in $113 billion in new 2014 private equity "shadow capital" - commitments done through structures other than funds, namely co-investment, separate accounts and direct investments - and last year ranks as the third biggest ever for new monies devoted to the asset class," Antoine Drean, founder and chairman of Triago writes in the report. "If the first quarter’s fundraising rhythm is sustained, counting shadow capital, 2015 is likely to mark an all-time high for new commitments."

With fundraising hitting all time highs, GPs will have to look for innovative ways to deploy record dry powder. That challenge is already beginning to show itself in the data. "Money called by fund managers for new private ......................

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