Private Debt Intelligence – 6/22/2020
Distressed Debt Funds are on the Raise
Chart
Download Data
[wpdm_package id=’35682′]
The private debt market is very crowded and, although direct lending funds represent the largest proportion, distressed debt funds have reached new records. There are currently 60 distressed debt funds in market looking to raise capital, seeking for a combined $72bn in capital. This represents more than double the amount of capital targeted by distressed debt funds during 2019, and the highest total in the past five years. North American companies constitute 74% of capital targeted by distressed debt funds on the road, followed by a 20% of funds looking towards European firms. The largest distressed debt fund in history is now in the market: the Oaktree Opportunities Fund XI, which is targeting $15bn.
Contact: Maria Zapata
maria.zapata@preqin.com
Latest news
European mid-market direct lending margins face steady compression since 2024
European mid-market direct lending margins have seen consistent compression over recent years but recorded a slight increase in the second quarter of 2026…
US leveraged loan issuance rebounds in September
Following three consecutive months of declining issuance, the US leveraged loan market has reversed course in September. Approximately $48.7b of…
Reversion to the Mean
Climbing toward the average is a very different story than surpassing it.