PDI Picks – 2/5/2024

Queuing for seconds

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Investor appetite for credit secondaries has tripled since 2022, according to our latest Perspectives study.

Investors are more switched on than ever to the opportunities available in private credit secondaries, according to Private Debt Investor’s LP Perspectives 2024 Study. In all, 21 percent of LPs now plan to commit capital to secondaries funds in private debt over the next 12 months, the highest proportion ever seen in our survey and up from 7 percent as recently as 2022.

Credit secondaries also offer LPs a different entry point into the asset class, with portfolios already fully ramped up, allowing for quicker deployment than other routes into private debt.