Europe-based alternative asset fund managers now hold €2.06tn ($2.43bn) in assets under management (AUM) as of December 2020, up from €1.81tn a year ago-an increase of over 13%-and are on track to make 2021 a record year for fundraising.

According to Preqin's 2021 Alternative Assets in Europe Report produced with leading European asset manager Amundi, AUM had