PDI Picks – 9/25/2023

Fundraising down, but hopes are up


Private debt looks well placed to prosper, despite what has been a difficult period for investors.

Three years ago, Private Debt Investor launched a cross-asset class survey called the Fund Leaders Survey comprised of more than 100 senior buyout, growth, private debt, venture capital, real estate and infrastructure executives.

The difficult fundraising climate took its toll on this year’s poll, which found that a smaller proportion – only 56 percent – say their current fund is larger than the predecessor, down from 75 percent in 2022 and 74 percent in 2021. Instead, 30 percent say they are targeting the same amount for their next fund as their last, which was the case for just 1 percent of fundraises last year.