Q4 recovery in private debt fundraising
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A quarter ago, private debt fundraising numbers were “poised for a down year,” according to the guy typing this sentence. At the time, about $130 billion had closed in new private debt funds, compared to $228 billion in the 2021 vintage. The other decline, which remains true, was the steep decline in the number of funds raised. The final number is 159, according to PitchBook’s latest Global Private Market Fundraising Report, less than half of the 2021 total and the fewest in over a decade.