Direct lending dominates private debt funds in market Despite a tough financial environment, private debt continues to attract capital. This comes as no surprise given that over 80% of investors expect to commit more or the same amount of capital to private debt over the next 12 months, according to Preqin’s Investor Outlook Alternative Assets…

Manufacturing leads private debt deal numbers in North America Manufacturing is currently leading by number of deals in North American with private debt finance. As of June 2023, Preqin has recorded 19 manufacturing deals, leading the next largest sector, e-commerce, which has seen 11 deals completed. Aggregate deal value in the sector reached $4bn, which…

Private debt AUM surpasses private real estate funds in North America Private debt assets under management (AUM) in North America exceed private real estate funds for the first time ever. As of September 2022, private debt AUM in North America reached $924.0bn establishing a lead over real estate’s $918.9bn…. Login to Read More...

North America attracts lion’s share of private debt fundraising in Q1 2023 North America emerged as the leading region for private debt fundraising in the first quarter of this year. A total of 17 funds with a North American focus raised $29.4bn, overshadowing the next most popular region, the nine Europe-focused funds that raised $5.5bn….

Private debt fundraising holds up in Q1 2023 In Q1 2023, 35 private debt funds worldwide raised $34.8bn, 90% of the capital raised in Q1 a year earlier, when 51 vehicles raised aggregate capital of $35.4bn. This indicates a slightly slower but still robust pace of fundraising, despite the difficult market and persistently challenging operating…

Distressed debt fundraising up as GPs seek $66.5bn Distressed debt funds are seeing more interest from LPs in the wake of recent bank collapses and a persistently challenging operating environment. While seven distressed debt funds closed in the first quarter of 2023, raising a total of $5.2bn, Preqin is currently tracking 85 distressed debt funds…

Mezzanine debt fundraising boosted by megafunds Mezzanine debt fundraising picked up momentum in the first quarter of 2023, accounting for 65% of total private debt raised in the period. Mezzanine funds raised $20.7bn in Q1 2023, boosted by the closes of Goldman Sachs Asset Management’s Mezzanine Partners VIII fund on $11.7bn and Crescent Credit Solutions…

Private debt deal activity in Europe sees decline Since the start of 2021, private debt numbers have seen a decline in Europe. In the first quarter of 2023, Preqin tracked 23 private debt deals, down from 39 in Q4 last year. In Q1 2022, the asset class saw 51 deals close. While buyouts dominated then,…

Private debt deal activity in North America sees Q1 dip Quarterly private debt deal activity in North America dropped in the first quarter of 2023. Preqin recorded 61 deals over the quarter, with a publicly reported total deal value of $0.1bn, the lowest quarterly levels in deal value in a decade. However, although deal numbers…

Distressed debt funds find opportunities in North America The amount of dry powder available for distressed debt in North America has returned to pre-pandemic levels. Dry powder in the strategy dropped to $67.2bn as of September 2022, down from $71.5bn in 2021. The proportion of available capital to unrealized value has declined from 42% of…