Is it really a golden age?

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Private credit has received plenty of acclaim as a well-positioned asset class for the times, but investors are not entirely void of concerns.

Private debt GPs, in common with GPs across all private markets, found fundraising to be a challenging task in the first half of 2023. Our data showed that just $84 billion was raised for private debt globally in the first half of this year – the lowest total for the equivalent period since 2016.