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Alternative assets are rapidly growing, playing a key role in building a well-diversified portfolio for ultra and high-net-worth individuals (U/HNWIs). Industry data indicate that alternative assets under management (AUM) globally reached US$13.7 trillion in 2021 and is expected to reach US$23.3 trillion in 2027*. While institutional investors have led this growth, private banking clients are increasingly turning to alternative investments to strengthen their portfolios.
Standard Chartered Global Private Bank is committed to supporting clients with rigorous due diligence, specialised expertise and access to exclusive opportunities in this niche.
As part of this commitment, the Alternative Investment Summit was hosted on March 7, bringing together leading global asset managers including Apollo, Ardian, Ares, Brookfield Oaktree Wealth Solutions, FengHe and KKR, to discuss the latest private market trends and strategies.
“Private credit has emerged as a key asset class, helping more companies finance their growth after traditional lenders have pulled back in many areas,” said Matthew Michelini, partner and head of Asia Pacific at Apollo Global Management.
He explained that Apollo, the world’s largest private credit manager with US$750 billion in assets under management (AUM), has built a resilient private credit portfolio designed to generate excess returns while protecting principal.