North American private debt AUM growth vs. Europe Up until the Global Financial Crisis, the majority of Europe-focused financing came from banks. After 2008, borrowers were forced to turn to other sources of debt finance as banks tightened the purse strings. Since then, the private debt industry in Europe has grown a lot, with AUM…

Private debt investors back consumer spending growth Private debt investors have been active deploying capital in consumer discretionary businesses. With 110 transactions recorded in 2021 YTD, consumer businesses accounted for 10% of all private debt investments. Analysis of deal types in the sector shows growth focus of private debt transactions and the symbiotic relationship between…

Private debt sees leap in impact funds Private debt has seen a rise in the number of impact funds, defined as funds with the intention of generating a measurable, beneficial environmental or social impact alongside financial returns, being raised over the year, reaching a new high in 2021 with 12 funds either raising or already…

Direct lending hoovers up private debt capital Direct lending has attracted more capital than any other debt strategy since 2016. The ability to reduce risk by moving further up the capital structure has appealed to private debt investors…. Subscribe to Read MoreAlready a member? Log in here...

Q3 aggregate capital raised increases across regions North America-focused private debt funds raised $26.8bn over Q3 2021, an almost 227% increase on the $8.2bn aggregate capital raised in Q3 a year earlier. The closing of the$11.7bn HPS Speciality Loan Fund V played a large role here, as well as the closing of two further $1bn+…

North America and Europe see number of fund closes rise A total of 22 North America-focused private debt funds closed in Q3 2021, a 47% increase on the 15 funds that closed during the same period in 2020. Although this is a substantial increase, it is much less than for Europe-focused funds, where there were…

PD sees high levels of Q3 fundraising Although fundraising in Q3 is traditionally quiet, this past quarter has seen significantly higher fundraising than over the same period in previous years. Aggregate capital raised totalled $40.5bn in Q3 2021, compared to $14.3bn in the same quarter in 2020 and $28bn in 2019…. Subscribe to Read MoreAlready

Dry Powder for Direct Lending Senior Debt at Record High Almost 60% of dry powder in direct lending is allocated to senior debt, with $103.9bn available for investment worldwide as of October 2021. The majority of this, $73.8bn, is with North America-based fund managers, with European fund managers coming in second with $22.5bn…. Subscribe to

Consumer discretionary and information tech top PD As an industry, consumer discretionary has seen the largest number of private debt deals in North America since 2011, with 1768 deals and aggregate deal value of $265.7bn. This is only slightly more deals than industrials, which saw 1757 deals, but reached an aggregate deal value of just…

North America PD Deal Value Rebounds in 2021 The private debt industry in North America is on track to beat last year’s number of deals and has already outpaced 2020 in aggregate deal value. So far in 2021, the region has seen 339 deals with an aggregate deal value of $105.5bn… Subscribe to Read MoreAlready