PDI Picks – 9/24/2018

Hiding the target


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Many fund managers are now not revealing how much their vehicle is hoping to raise.

Managers may be becoming more secretive as the private credit pool has proliferated, as many now do not reveal fund targets, according to PDI data. A full 30 percent of funds in market have not disclosed their target size, our numbers show, a majority of all those vehicles when the numbers are broken down by size.