Special Situation Funds are on the Raise The private debt industry had a very slow start of the year, but in Q2 2020, fundraising peaked, being distressed debt and special situations the catalyst for this bounce-back. Special situations fundraising has had peaks and troughs over the last ten years, reaching the highest amount of capital…

Real Estate Debt Fundraising Keeps Falling Debt as a real estate strategy has been growing in prominence in recent years; however, over the past two years it appears the appeal of debt has declined slightly and so far in 2020 it seems not to be increasing, in fact the COVID-19 pandemic has slowed the industry’s…

The Private Debt Market Continues to Grow The private debt industry has seen the growth in its AUM accelerate in recent years, and by December 2019 (our latest data available) funds held a total of $854bn in assets under management (AUM). The market is now more than three times bigger than it was ten years…

Private Debt Performance Remains Positive Horizon IRRs for the overall private debt asset class remains above 6% for one-, three- and five-year horizon to December 2019, oscillating between 6.1% and 6.5%. Direct lending funds improved over the past quarter, contrasting with the overall private debt asset class…. Subscribe to Read MoreAlready a member? Log in

Private Debt Fundraising in Q2 The outlook for private debt is slightly more promising at the midpoint of the year. A total of $34bn was raised over Q2 from 49 private debt funds closed, which compares with 36 funds securing $22bn in the first quarter of 2020. What’s more, an increasing number of funds are…

Private Debt Investors are Planning Commitments to Fewer But Larger Funds Diversification and uncorrelated returns are the main reasons why investors allocate to private debt, and they are continuing to plan commitments in this period of uncertainty. Based on Preqin’s fund search data, it seems though, that private debt investors are adapting their strategy as…

Crisis-vintage Funds Outperform in Europe European private debt is facing its first major test due to COVID-19. In the middle of a new crisis it’s inevitable to look back and see how it might evolve in future. The private debt industry in Europe emerged following the 2008-2009 Global Financial Crisis (GFC)… Subscribe to Read MoreAlready

Distressed Debt Funds are on the Raise The private debt market is very crowded and, although direct lending funds represent the largest proportion, distressed debt funds have reached new records. There are currently 60 distressed debt funds in market looking to raise capital, seeking for a combined $72bn in capital…. Subscribe to Read MoreAlready a

The Private Debt Market Remains Crowded The private debt market remains crowded amid COVID-19. As at 15th of June there are 485 funds in market seeking a combined $247bn. The number of funds in market is slightly up from the start of the year, but the amount targeted has increased a 22%. At the beginning…

First-Time Fundraising Falls in 2020 Over the last six years, private debt first-time fundraising has been stable. Around 50 funds have reached a final close each year, securing an average of $10.5bn. But seems that the pandemic is affecting to first-time fund managers in the private debt industry and fundraising figures have decreased sharply…. Subscribe