Private debt fundraising keeps pace
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Globally, private debt fundraising had a strong start to the year. According to PitchBook’s just-released Global Private Debt Report, 81 new funds have closed so far this year, worth a combined $72.5 billion. Direct lending continues to be the standout strategy, contributing $33.5 billion to the total. Direct lenders had a so-so 2020 compared to prior years, but the first half of 2021 is running at a faster clip.