PDI Picks – 7/9/2018

Private debt keeps it global


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Managers with the capability to deploy capital around the globe are rounding up more capital than those focused on a specific geographic area.

Private debt has had global ambitions in 2018; multi-regional funds locked down the plurality of capital so far this year, with credit managers raising $30.37 billion for those types of vehicles, PDI data show.

The mega-funds, which often have a global reach, certainly boost this total. Notably in the first half of 2018, GSO Capital Solutions Fund III raised $7.12 billion, consisting for more than 20 percent of the capital deployable internationally.