PDI Picks – 9/17/2018

More debt funds in market, more questions for investors


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A large number of vehicles are seeking capital, and fundraising has been strong – but that isn’t a guarantee the boom times will continue.

The number of private credit funds in market has been on a steady upward trend, according to PDI data, reflecting the enduring interest from asset managers even as the credit cycle drags on and some fear it may be too late to enter.

There were 532 funds in market as of 18 September, down from the high of 558 at the end of 2017, but up from 499 at the end of the first quarter. The drop from 31 December to 31 March may in part be attributable to some firms spilling their final closes into the first months of 2018.