Another strong year for private debt
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Private debt fundraising is off to a strong start, according to PitchBook’s just-released H1 2023 Global Private Debt Report. At halftime, almost $95 billion has been raised across 74 funds. That pace is ahead of last year’s, which makes us confident that fundraising will eclipse $200 billion by the end of the year. If it does, it will be the fourth consecutive year over that threshold. The report also notes that private debt has supplanted venture capital as the second biggest private market strategy in terms of fundraising totals. It’s partner in crime, private equity, is the only bigger strategy.