Venture capital (VC) becomes the second private capital class to hit $2tn assets under management (AUM), said a study.

According to Preqin, VC AUM has hit $2.03tn as of September 2021, the most recent date for which the calculation is possible.

The VC segment is still a third of the size of private equity, which had an AUM of $6.03tn as of September 2021, but