Fundraising still lagging – for now
Private debt fund managers are still struggling to attract investor commitments, but the asset class looks well placed going forward.
The numbers are in – and provide disappointment for anyone hoping for a rapid turnaround in the fortunes of private debt fundraising. As can be seen from the chart above, the total raised in the first quarter of this year was less than $40 billion and amounted to the lowest first-quarter total seen since 2016.