According to Moody's first-quarter report on U.S. alternative asset managers, total fundraising for Q1 2020 rose to $67.3 billion, a 22% increase from the same time a year ago, and 5% from Q4 2020.

Meanwhile, total AUMwas up 36% year-over-year and 11% compared to Q4. Investors' need for higher returns, which are not available in many traditional asset classe