Notes from New York What’s on the minds of private debt professionals? Regulation, market conditions and distressed debt all had an airing at our recent industry event. We noted a few talking points from our recent PDI Network New York Forum: Private markets is in a “deregulatory environment”, according to Jillien Flores, chief advocacy officer…

Higher risk not always higher return Investors are mulling opportunities beyond direct lending but moving up the risk curve doesn’t guarantee better results. Direct lending dominated private debt fundraising last year – accounting for 65 percent of the total – prompting us to investigate in a recent Private Debt Investor cover story whether investors are…

The differing priorities of LPs and GPs  Investors and fund managers have diverging priority lists according to a survey. The current fundraising environment has given rise to distinct challenges for market players and there is some misalignment between LPs and GPs on which issues are the most pressing…. Subscribe to Read MoreAlready a member? Log

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…