Hints of LP support waning for US Up to the mid-point of this year, capital raising by US funds was still going strong – but LPs appeared to be edging towards geographic diversification. Given the ramifications of Liberation Day and a more volatile economic and political backdrop in general, talk has grown louder around whether…
Unrealised potential Investors are struggling to get as much invested in private credit as they would like, although there has been a surge in allocations from sovereign wealth funds. With three quarters of institutions under-allocated to private credit – according to Private Debt Investor’s H1 2025 Investor Report – there is a huge potential pool…
Senior debt loses its dominance The first half of this year saw investor commitments more widely dispersed in the asset class. In last week’s column, we examined the first-half global private credit fundraising figures and found that the total raised was consistent with the five-year H1 average, even though consistency was not a word associated…
A fundraising half of ups and downs Those raising capital for private debt still face challenging conditions despite Q1 have raised hopes of a revival. Private debt asset class professionals could be forgiven for scratching their heads when examining the first-half 2025 global private debt fundraising data published by Private Debt Investor…. Subscribe to Read
2025 sees fundraising extremes Our data shows the brakes have been slammed by investors after a fast start to the year for those raising fresh capital. ‘Volatile’ is the word frequently being used to describe the economic and political backdrop to investing today. For private debt managers, that same volatility is being seen on the…
Scrutiny of the bank/fund intersection Lines of credit from banks to credit vehicles have grown at an exponential rate, warranting regulatory attention. As our most recent LP Perspectives study showed (see chart), the attitude of limited partners towards fund finance is – in more than half of cases – negative. But what do regulators make…
Families turn to private credit The asset class is moving beyond its traditional institutional investor base. Where insurance firms, pension schemes and other institutional investors have ventured en masse, family offices are increasingly dabbling in what, for many of them, is a new area. Their average allocation to private debt doubled from 2 percent to…
European unitranche market shows resilience The deal total for the first quarter was well ahead of last year’s equivalent, with the Benelux region particularly active. If you look back over the last 12 years (see chart), it’s clear that the European private debt market has been dominated by the UK, France and Germany, which have…
The growing importance of geopolitics Given the high-profile and disturbing nature of tensions between certain countries, geopolitics weighs heavily on investors’ minds today. While the Ukraine-Russia war continues to rage, private markets investors are just as worried – in fact slightly more so – about simmering tensions between the US and China…. Subscribe to Read
Safety first Amid a volatile macro-economic and geopolitical backdrop, private credit funds are doubling down their investments in trusted sectors. US tariff uncertainty is leading to a flight to safety among private credit funds, particularly in terms of sector specialisms…. Subscribe to Read MoreAlready a member? Log in here...