Strong Private Debt Deal Activity Leads to a Challenging Market The private debt industry has emerged as a vital part of the private investment market in recent years and due to strong fundraising, fund managers have had significant amounts of capital available to deploy: private debt dry powder reached a record $307bn as at June
Are First-Time Private Debt Funds Worth It? The private debt fund market has been somewhat unforgiving towards first-time funds. Investors are wary of investing with a fund that lacks a proven track record and as a result, first-time private debt fundraising is falling further and further behind....
Will We Continue to See Fundraising Success in the Private Debt Market? Private debt funds that held a final close in 2018 took just 14 months to close. This represents the third consecutive year in which fundraising has sped up: private debt funds closed in 2016 spent 19 months in market; in 2017, vehicles took
Asia-Focused Private Debt Fundraising Falters 2018 proved to be another strong year for private debt fundraising, with the year seeing 163 funds holding a final close and securing an aggregate $110bn in capital. North America continued to represent the largest portion of the industry: 91 North America-focused vehicles raised a total of $68bn....
Overview of Private Debt Fundraising in 2018 Private debt fundraising remained strong in 2018, making it the fourth consecutive year in which funds raised over $100bn. In 2018, 162 funds were able to secure an aggregate $110bn in capital. While this was slightly lower than the $129bn in capital raised in 2017, 2018 nonetheless represented
Direct Lending Fundraising Dips in 2018 Total private debt fundraising fell in 2018, with 162 funds securing an aggregate $110bn throughout the year. In comparison, in 2017, 186 private debt funds held a final close and raised $129bn. Although direct lending continued to represent the largest bulk of fundraising activity, direct lending fundraising dipped steeply
Are We on the Precipice of a Private Debt Crash? Private debt funds can act like a bank, providing loans to businesses are that are too small to go on the bond market, but which are also too big to solely rely on loans from their local credit union. This important financial model has led
Private Debt Industry in Europe Reaches $200bn in Assets Europe has been a key area of interest for investors in private debt in the past year. Of the private debt investors surveyed by Preqin in June 2018, 47% view Europe as presenting the best opportunities – the largest proportion of any region. Additionally, the number
Australia-Based Private Debt Investors Look to Distressed Debt The pace of growth of the Australia’s private debt market has trailed behind other regions, most notably the US and Europe, but it is finally seeing an uptick. After a year-on-year decline in assets from 2013 to 2015, Australia-based assets has seen its private debt industry grow
Credit Hedge Funds See Negative Returns in October The Preqin All-Strategies Hedge Fund benchmark returned -2.35% in October, as the industry faced a particularly volatile month on equities markets. This was in fact, the lowest monthly performance recorded by the benchmark since January 2016. It takes overall hedge fund performance in 2018 year-to-date into negative