Private credit has also become a booming business for these giant investment firms, including specialist Ares Management, thanks largely to higher interest rates. A close second was global investment firm KKR, which jumped nearly 700 spots to No. Fourth highest on the 2024 list—and the highest-ranked alternative investment management firm last year—is Brookfield Corporation, which fell 63 spots to rank 213. Headquartered in Toronto, the firm had the highest twelve-month revenue of all alternative investment firms at $101.9 billion. Shares of the alternative investment manager have jumped 53% in the last twelve months.

Source: Forbes June 13, 2024 17:54 UTC