Private Debt Intelligence – 9/13/2021

Dry powder levels indicate healthy competition in PD


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Levels of dry powder in private debt have reached 35% across five main strategies (direct lending, distressed debt, mezzanine, special situations and venture debt) in Q2 2021, with funds sitting on $364bn. This indicates that, based on a three-year fundraising cycle, capital raised is in balance with the market opportunity.