Global venture capital (VC) assets under management (AUM) recorded by Preqin surpassed the $2tn mark for the first time, hitting $2.03tn as of September 2021.

Venture capital has grown to become the second-largest asset class in the alternatives industry, with a huge increase in AUM since December 2008, when the industry's AUM was around $270bn.

Preqin also s