Alternative assets are projected to grow from $13 trillion today to $23 trillion by 2027, a 9.3% compound annual growth rate. Shifra Ansonoff and Bob Fraser discuss what CAGR means and why this expansion matters for the market.
Alternative assets are expected to grow at 9.3% CAGR from approximately $13 trillion today in assets under management up to $23 trillion in 2027.
CAGR, for those that may not know, is compounded annual growth rate, right?
Yep.
So the compounded amount of capital that's increasing and AUM is assets under management. So we want to include everybody who is maybe just joining in and wanting to get their head around this. Looking at the chart, one of the things that jumps out at me besides the growth is
