PDI Picks – 12/04/2023

APAC takes a fundraising hit as China suffers


After years of plenty, life has become much harder for fundraisers in Asia Pacific – especially for those with exposure to an ailing China.

The overall trend of recent years has been for Asia Pacific private debt to gain traction among investors. In all, 32 APAC funds collected a combined $15.7 billion in 2022, up 34 percent on a preceding record year in 2021, according to Private Debt Investor data. But that figure fell dramatically to just $1.6 billion raised by five funds in the first six months of 2023, the lowest first half number for more than a decade.