PDI Picks – 5/27/2019

European senior debt is a big winner
– for only a few managers


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What’s better than being on top, both in the capital structure and fundraising totals?

European senior debt funds collected a record amount of cash in the first quarter, but notably, the period had the fewest number of fund closes. We conclude that senior debt remains popular among LPs, but the investors like to commit capital to a select few managers.