How Has COVID-19 Impacted Private Debt in Europe? Private debt fundraising has impacted differently in the markets of Europe than in Asia or North America. While in the last two regions fundraising declined in Q1 2020, Europe-focused private debt fundraising augmented, and Q2 seems to be decreasing…. Subscribe to Read MoreAlready a member? Log in

Has Asia-Focused Private Debt Been Impacted by COVID-19? The Asian private debt market is still relatively small, and expansion has been slower than in the more developed regions of Europe and North America. The region has yet to reach a ‘critical mass’, so activity remains cyclical. Has there been a significant change amid the pandemic…

Fund Managers Response to COVID-19 Although fundraising is slowing in the wake of the economic fallout from COVID-19, most alternatives fund managers appear to be staying the course. From a survey conducted by Preqin to fund managers, three-quarters said that they do not plan to change their investment strategy for any active funds as a…

Special Situations Gather Momentum Private debt fundraising has slowed down in 2020 – so far this year, there have been 44 funds closed raising a combined $35bn. Strategy wise, direct lending continued to dominate the market closing 10 funds in Q1 2020… Subscribe to Read MoreAlready a member? Log in here...

Investors’ Response to COVID-19 As a result of a survey conducted by Preqin to investors in April 2020, 59% of investors said that the number of commitments they plan to make to alternatives in 2020 has “slightly” or “significantly” decreased. Investors are also reducing the amount of capital they intend to commit to alternatives; sixty…

How Crisis Have Affected North America-Focused Private Debt Fundraising? Private debt has ballooned in size in the decade since the 2008-2009 Global Financial Crisis (GFC), when regulatory changes forced banks to deleverage their balance sheets, and private debt funds emerged as alternative loan providers to fill the void. But the global economic shutdown triggered by…

Private Debt Fundraising Tips the Scales into Europe in Q1 2020 Fundraising fell in the first quarter of 2020 and the balance among the regions where funds are focused has slightly changed. Private debt funds focused on North America typically dominate the fundraising market, but in Q1 the balance shifted somewhat. In Q1 2020 there…

Private Debt Fundraising Falls in Q1 2020 The past quarter has been a challenging one, with the emergence of the COVID-19 pandemic impacting in all markets across the globe. Fundraising in private debt slumped substantially over the first quarter of 2020…. Subscribe to Read MoreAlready a member? Log in here...

The impact of COVID-19 on capital calls, distributions, and net cash flows A Preqin-FRG forecasting model shows that capital calls will surge in 2021 as the global economy rebounds. Focused on 2017-2019 vintage private capital funds, the model suggests that, as a result of COVID-19, and assuming the global economy undergoes a significant but brief…

The Expanding Fund Manager Universe The number of participants in the private debt asset class has grown at a remarkable pace since the GFC. There are currently over 1,700 fund managers active in the industry, over twice as many as five years ago. Asia has historically accounted for a modest share of the global private…