Private Debt Investor

PDI Picks – 4/23/2018

North America: Centre of the fundraising world again Vehicles investing around the world raised more money, but North America is ascendant. Private debt is homing back to North America, potentially bringing an even greater influx of capital to the birthplace of the world’s largest private debt market. North America-centric vehicles were seeking $84.42 billion at

PDI Picks – 4/16/2018

Does size matter? Ask managers, and they’ll say yes. The rush toward credit continues; as the asset class keeps growing, the average fund size has grown with it. In the first quarter of the year, the average private debt fund size stood at $1.25 billion, larger than last year’s four-quarter average of $1.02 billion and

PDI Picks – 4/9/2018

No one ever got fired for buying IBM Investors appear to be adopting a ‘safety first’ approach as a decreasing number of managers benefit from continuing appetite for private debt. Excuse the rudimentary math, but if you take the total number of managers which closed private debt funds in the first quarter (28) and multiply

PDI Picks – 4/2/2018

Debt dynasty In a competitive atmosphere, LPs seem to like their GPs well enough that four-fifths would commit to a successor fund if the right chance presents itself. Despite the plethora of upstart private credit managers that have rolled out in recent years, it is still better to be an incumbent fund manager than a

PDI Picks – 3/26/2018

Let’s get real Plenty of firms lend against cash flows. Isn’t it better to lend against something you can see and touch? Fundraising for real estate as an asset class is falling. But fundraising for real estate debt is increasing, according to data from Private Debt Investor sister publication PERE. You can see it in

PDI Picks – 3/19/2018

Thirst for yield overshadows other concerns Worries over market valuations are being suppressed by investors still keen to embrace the private credit and private equity markets. In our limited partner survey conducted recently, North American respondents told Private Debt Investor their biggest macroeconomic concern was “extreme market valuations”. On a scale of 1-5, investors registered

PDI Picks – 3/12/2018

Bad news bears: a sign of the times Last year saw a huge amount of money raised by private credit firms, making it a record year according to PDI data. North American LPs might be lowering their expectations though. Earlier this year, Private Debt Investor conducted its annual LP survey, asking investors about their allocation

PDI Picks – 3/5/2018

Distressed fundraising a sign of things to come? PDI in-house data show plenty of distressed and special situations capital to plow into any potential crunch in the credit markets. If recent volatility in stock markets is a harbinger for the credit markets, then alternative asset managers may be in a very good place following a