Australia-focused private capital assets under management (AUM) stood at a record high of A$90bn ($65bn) as of June 2021, up 11% on December 2020's A$81bn, despite stringent lockdowns and pandemic-related challenges, said a study.

Private debt was by far the fastest-growing asset class, expanding 144% from December 2020 to an AUM of A$1.4bn in June 2021, albeit fr