Larger funds mean larger deals
A new average fund size record was set in Q1 2022, as private debt managers become more ambitious at the larger end of the market.
We’re in the era of the private debt mega-fund. Last year, according to Private Debt Investor data (see chart), the average fund size breached $1 billion for the first time. In the first quarter of this year, a new landmark was reached as the average moved past $1.5 billion.