PDI Picks – 7/16/2018

US-based managers dominate fundraising


Download Data

Many of the behemoth alternative asset managers are based in America and have raised some of the largest funds this year.

For all that’s said about the rise of private debt in Europe and Asia, managers headquartered in the US ruled fundraising in the first six months of the year, according to PDI data.

Some 73 percent of the $61.56 billion raised in the first half of 2018 was by US credit managers. It’s not surprising as most of the 10 largest funds that have held final closes come from those with their main outpost in America. New York-based GSO Capital Partners took the top spot with a $7.12 billion distressed debt vehicle, GSO Capital Solutions Fund III.