Private Debt First-Time Funds in 2019
2019 has been a slow fundraising year for private debt – so far this year just 118 funds have been closed, raising an aggregate capital of $81bn. Fund managers are finding difficult to attract investors and the private debt market remains crowded – there are currently 427 funds seeking an aggregate $183bn in capital. With numbers being so low, compared to previous years, how is the scenario for first-time funds this year?