PDI Picks – 4/1/2024

Is stress emerging to save Asian fundraising?

Last year was tough for GPs seeking capital to invest in Asia Pacific but distressed/opportunistic strategies were bucking the trend.

Fundraising for private credit in Asia Pacific took a nasty hit in 2023, with just 11 funds reaching the finish line, compared with 33 the year before. The amount of capital raised was also down considerably, standing at a cumulative $5.9 billion – barely one-third of the $15.5 billion raised in 2022, according to Private Debt Investor data.