Europe- and North America-Focused Real Estate Debt Funds
Real estate debt has seen considerable growth within European markets over the past few years and fundraising grew significantly from €0.5bn in 2012 to €4.3bn in 2015, while a further €3.7bn has already been secured in 2016 YTD. Nonetheless, North America-focused fundraising still dwarfs that of Europe, with funds already raising a record €12.3bn in 2016...
Private Debt Dry Powder by Fund Type
The past few years have seen a large amount of investor capital in private debt funds remain unspent by fund managers, with strong fundraising activity resulting in a significant ‘wall of capital’. In 2016 so far, private debt dry powder has climbed to $199bn, up from $191bn at the start of the year, although levels of uncommitted capital have fluctuated across different fund types.
Dry powder held by distressed debt managers has risen by nearly a third (31%) since the end of 2014 and now stands at $63bn, the highest of any fund type...
Europe-Focused Private Debt Fundraising
The Europe-focused private debt industry has enjoyed substantial fundraising success in recent years and many countries within the region have seen heightened alternative lending activity in the last decade. However, a notable decline in direct lending in 2016 YTD has contributed to a wider slowdown in fundraising activity focused on Europe throughout the year...
Private Debt Fund Performance by Strategy
Preqin research finds that the performance of the most prominent private debt strategies – direct lending, distressed debt and mezzanine funds – has been robust, although there is clear fluctuation between vehicles of different vintage periods.
Among 2008-2009 vintage private debt funds, it is distressed debt funds that have the highest median net IRR of any strategy, with returns of 14.8%. These funds were making their first investments during...
Private Debt: Funds in Market
Preqin’s quarterly update on the private debt industry finds that as of the beginning of Q4 2016, there are 304 funds in market targeting an aggregate $147bn globally. With few funds closing through the year to date, the marketplace has grown considerably since mid-year; there are 50 more vehicles on the road seeking an extra $6bn of investor commitments compared to the start of Q3.
Direct lending, once again, represents the largest proportion of private debt funds on the road, both by number (38%) and aggregate capital targeted (39%)...
Private Debt Fundraising Remains Low in Q3 2016 Preqin’s Q3 update on the private debt fundraising market finds that the quarter marked a further slowdown in the levels of capital secured by managers in the space, as 2016 continues to see a far reduced rate in fundraising activity from recent years…. Subscribe to Read MoreAlready
Strategies Targeted by Private Debt Investors According to Preqin’s Investor Outlook: Alternative Assets, H2 2016, 56% of investors with an active mandate in private debt are seeking to make at least one direct lending commitment within the next 12 months, the largest proportion among strategies in the asset class…. Subscribe to Read MoreAlready a member?
Average Private Debt Management Fees by Fund Type Negotiating appropriately structured fund terms and conditions has long been a key issue for investors across the alternative assets industry. While investors are generally happy with the performance of the private debt industry, in Preqin’s H2 2016 Investor Outlook just 60% of respondents stated that they felt…
The Private Debt Universe in Asia-Pacific Preqin’s Private Debt Online tracks 152 Asia-Pacific-based private debt fund managers, of which 32 are located in Hong Kong, the most of any country. However, with regulators such as the Securities and Exchange Board of India requesting the Reserve Bank of India to ease regulations on Alternative Investment Funds (AIFs), there…
Private Debt Performance Spurs Potential Inflows The private debt industry has only become a mainstay of many investors’ portfolios relatively recently, but there is mounting evidence that the returns the asset class is providing for them are spurring investors to allocate ever-increasing levels of capital to the debt market…. Subscribe to Read MoreAlready a member?