Dislocation, yes – but direct lending still rules the roost
Apollo’s $12bn tie-up with Mubadala shows there’s plenty of life left in direct lending yet.
Gaining momentum after a very slow start, our preliminary fundraising figures for the first half of this year show around $60 billion raised for private debt globally – around $25 billion of it in the first quarter and $35 billion in the second (see chart).