What goes up…
2017 was one heck of a fundraising year that saw stratospheric amounts of capital raised. 2018 will be a regular one.
PDI private credit fundraising numbers for the first six months of the year fell by nearly half compared to the same time last year, plummeting from $111.96 billion to $59.81 billion, a seemingly worrying sign.
Though the news won’t make credit managers and their fundraising staff beam with joy, this year’s figures are simply a snapback to a normal fundraising environment; what soars will eventually fall back to earth.