Private debt nears its ‘golden moment’ With performance data arriving now for recent private debt vintages it seems that double-digit net IRRs are within reach for many strategies tracked by Preqin…. Login to Read More...
Tracking the number of new participants in private debt This year will see the most US first-time funds in a decade, with 35 funds closed or in market as fund managers look to capitalize on demand for private debt (PD). Most of these… Login to Read More...
Private debt dry powder at all time high The post-pandemic monetary environment has spurred the growth of the global private debt industry. Assets under management, standing at $1.6tn as of March 2023, almost doubled compared to the end of 2019…. Login to Read More...
APAC-focused private debt fundraising moderates after blockbuster fund closes Aggregate capital raised by APAC-focused private debt funds fell in 2023 amid uncertainties around interest rates. Fifteen funds raised $3.2bn to date this year, in contrast to 2022, when 41 funds raised $11.7bn, and 2021, when 42 funds raised $10.6bn…. Login to Read More...
South Korea sees private debt interest in medical devices industry Private debt is growing fast in South Korea and shows no signs of slowing. Despite the relative immaturity of the market, a number of US private debt firms have set up shop in the country. There are now 119 active PD investors in Korea. Deal…
Increase in direct lending funds in market in 2023 There were 28% more direct lending funds raising capital in June 2023 than there were a year earlier. Direct lending funds accounted for nearly half of the number of funds and capital raised within private debt in the second quarter of 2023. That proportion may rise…
Q3 private debt fundraising in North America hits twelve month high Aggregate capital raised in North America has hit $34.8bn in Q3 year-to-date (YTD), the highest it has been since Q2 2022, which achieved a near record breaking $52.8bn. The number of funds closed during the third quarter so far remains average for the year…
Distressed debt dry powder falls as GPs put capital to work Distressed debt assets under management with a North America-focus reached an all-time high at the end of 2022, and continued high interest rates and the tougher economic environment may trigger increased activity in the segment. Between 2020 and 2022, distressed debt AUM increased by…
Private debt investment holds up in slower transactions market Private debt investment in OECD countries has seen a slight decline over the last two years. So far this year, there have been 348 reported deals with an aggregate value of $73.8bn. This is less than half of the $190.8bn invested in 886 deals in 2022,…
Canada-focused private debt financing deal value on the upturn Canada-focused private debt deal activity and value have recently picked up. So far this year there have been 16 deals, with an aggregate value of $4.1bn. This is nearly double the $2.2bn value reached over 46 deals in 2022…. Login to Read More...