North America PD Deal Value Rebounds in 2021 The private debt industry in North America is on track to beat last year’s number of deals and has already outpaced 2020 in aggregate deal value. So far in 2021, the region has seen 339 deals with an aggregate deal value of $105.5bn...
Dry powder levels indicate healthy competition in PD Levels of dry powder in private debt have reached 35% across five main strategies (direct lending, distressed debt, mezzanine, special situations and venture debt) in Q2 2021, with funds sitting on $364bn. This indicates that, based on a three-year fundraising cycle, capital raised is in balance with
Mega funds dominate private debt fundraising Despite a slight decrease in the number of funds closed, direct lending remains the most popular private debt strategy, with a hefty $14.7bn more capital raised for the strategy in H1 2021 than in the first half last year. Across private debt the average amount invested on a per
Direct lending attracts most capital in H1 2021 Direct lending remains the most popular private debt strategy, with $14.7bn more capital raised in the first half of this year compared to H1 2020, despite a fall in the number of funds closed from 20 to 17. In distressed debt there were less than half the
Europe outraises North America in Q2 Globally, both the number of private debt funds in market and the amount of capital targeted continued to rise through Q2 2021. North America-focused funds saw the largest number of closes over Q2 2021, with 27 funds compared to Europe’s eight....
Crowded markets continue in Q2 Both the number of private debt funds in market and the amount of capital targeted have continued to rise through Q2 2021. Since January 2017, the number of funds raising and capital targeted have more than doubled from 265 funds raising $118bn in 2017 to 651 funds raising $295bn by
Buyouts prevail in North American consumer discretionary Consumer discretionary has seen the largest number of deals in private debt in North America, with 1,022 deals and aggregate deal value of $103,7bn. The largest number of private debt deals have been part of buyouts, with 314 deals worth $38.2bn since 2016....
High number of PD funds in market due to direct lending Both the number of private debt funds in market and the amount of capital targeted continued to rise through H1 2021. As of July 2021, private debt managers are targeting $295bn across 651 funds. Year-on-year growth has more than doubled 2017’s number of funds
Direct lending remains popular in private debt As governments scale back pandemic support measures and interest rates remain low, private debt strategies are increasingly attractive. Over Q2 2021, direct lending attracted the most interest from investors, closing 17 funds and raising $19bn in commitments....
Consumer discretionary tops PD deal activity in North America As an industry, consumer discretionary has seen the largest number of private debt deals in North America since 2016, at 1,007 deals with an aggregate deal value of $99.5bn. This includes a recent deal from Blackstone Group to buy Certified Collectibles Group...