Private Debt: Risk/Return by Fund Type Across private debt strategies, returns and return dispersion data varies greatly. Direct lending funds, which are characterized by more senior secured debt, have been a steady investment, with a median net IRR of 8.3% for vintages 2008-2017 and a standard deviation of only 5.0%....
Private Debt Assets under Management by Geographic Focus, 2000 – 2020 While funds focusing on North America constitute 61% of total AUM, other regions have gradually expanded their share. This is particularly the case for Europe-focused AUM, which now makes up just under 30% of the total...
Investor Views on the Fund Types Presenting the Best Opportunities in Private Debt Investors believe the best opportunities in private debt are in distressed and special situations funds. More than half (56%) of surveyed investors are backing distressed debt, up 16 percentage points on the previous year, while 48% see the most promise in special
Women in Private Debt Across alternatives assets, the proportion of female employees rose to 20.3% by the end of 2020, compared to 19.7% in November 2019. In private debt, women account for just under a fifth (19.9%) of all employees at private debt firms....
IPE Real Assets – Real Estate & Infrastructure Fundraising Real Estate Fundraising Real estate fundraising activity started at a slow pace in 2021. So far in 2021 (as t 10th March 2021) just 34 funds have been closed raising $15bn. In terms of capital raised, Q1 2021 has registered the lowest figures since Q1 2013.
Fund Manager Views on Where They are in the ESG-Implementation Lifecycle Private Debt fund managers are lagging on ESG implementation compared with other asset classes. From a survey conducted by Preqin to fund managers, only 11% of private debt fund managers are at the mature stage of the ESG implementation lifecycle, compared with 27% of
Private Debt near-terms IRRs decline In comparison to its peers, private debt lags over short- and mid-term investment horizons. A downturn in Q1 2020 pulled the private debt asset class down to a one-year IRR of -0.8% to the end of June....
Investors are Satisfied with Private Debt Despite a hard 2020, investors were largely satisfied with the performance of their private debt portfolios over the past 12 months. Of investors surveyed by Preqin, 83% said their private debt portfolio’s performance had exceeded or met their expectations....
Record Number of Active Fund Managers in Private Debt The firms’ market is increasingly crowded with a record 1,947 private debt firms currently active. In 2020, the proportion of private debt managers active in distressed debt and special situations markets grew considerably...
Deal Activity Continued to Decline over 2020 Private debt deal activity slowed over 2020. A total of 780 deals were completed with an aggregate value of $66bn. Both figures were down compared to 2019, when $69bn were issued across 976 deals completed....