PDI Picks – 4/16/2018

Does size matter?


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Ask managers, and they’ll say yes.

The rush toward credit continues; as the asset class keeps growing, the average fund size has grown with it. In the first quarter of the year, the average private debt fund size stood at $1.25 billion, larger than last year’s four-quarter average of $1.02 billion and almost double 2016’s $665.99 million.