Massive mezzanine lenders: the few, the proud While this year’s sluggish junior debt fundraising numbers partially reflect the hollowing out of mid-market mezzanine investments, they also illustrate big firms getting bigger. Mezzanine debt fundraising is off to a slow start this year, according to PDI data, once again showing the strategy’s reliance on mega-funds to…
North America dominates private debt fundraising once again The continent, where the plurality of private debt capital is being sought, highlights both the mature alternative asset markets and the fragmented nature of the European market. North America has once again stolen the geographic spotlight in private debt; more than 45 percent of the total capital…
An energy boost for infrastructure debt The strategy has plenty of supporters in the investor community, as the latest PDI fundraising figures demonstrate. Private debt fundraising is going strong – but, proportionally, infrastructure debt fundraising is going even stronger. In our recently released global fundraising figures for the first half of this year, PDI revealed…
Distressed managers find favour with investors in H1 2019 The biggest challenge for such shops will be where to find chances to deploy capital should no extended period of topsy-turvy markets ensue. Distressed debt fundraising has come back in a big way in the first half of the year, according to Private Debt Investor’s fundraising…
Private credit and a different view on economic conditions Concern over the economy often relates to worries over a recession or correction. Private debt managers, however, may fear things becoming too good. Private fund chief financial officers fear that the economic environment could be the main barrier to achieving their goals this year, according to…
Infrastructure debt fundraising is falling short Investors say they are interested in the strategy, but few are putting their money where their mouth is. Infrastructure debt fundraising has hit a lull so far in 2019 as the market enters the second half of the year. Infrastructure debt fund managers have only held final closes on…
Distressed debt grows despite mixed feelings from investors Distressed debt fundraising dropped off in 2018, but numbers from the first half of 2019 indicate that investor appetite is turning around. In interviews for PDI’s upcoming cover story that takes a deep dive into distressed debt, many investors said they weren’t interested in the strategy, citing…
AUM growth expectations at odds with consolidation trend Many private markets managers expect rapid growth in the coming years, but some of those optimistic firms may find themselves being bought – just ask some BDC managers. One of the marquee stories in the finance world post-global financial crisis has been the rise of alternative assets….
Private credit’s downturn performance will predict its growth in Asia – and the world Alternative asset managers expect Asia, save China and the Middle East, to be the strongest growth area for their investor base in the coming years. The growth of alternative asset investments coming from Asia has been real, and managers believe it…
Firms bullish on an expanding investor base As alternative assets continue their rise, private fund managers may well keep notching additional LPs with each new product and successor fund. A majority of private fund managers expect to see growth across most aspects of their investor base, according to a survey conducted last month by Private…