GPs target APAC’s emerging private debt market APAC’s nascent private debt market is witnessing significant growth, with the amount of capital targeted by direct lending funds rising to $11.7bn from 45 APAC-focused vehicles at the end of 2023, up from $7.3bn by 40 funds at the start of the year, according to Preqin data…. Subscribe

Special situations funds close over target in North America  The average percentage of target size at final close for North American special situations funds has reached over 100% in 2023 year to date (YTD)…. Subscribe to Read MoreAlready a member? Log in here...

Private debt deal value in Canada rebounds in 2023  After a three-year slump, private debt disclosed deal value in Canada has nearly tripled, rising to $6.4bn in 2023 YTD from $2.2bn in 2022. Canada’s aggregate deal value grew 190% in 2023 compared to 2022, despite a 74% drop in aggregate deal value in the whole…

North American PD deal value in energy and utilities sector highest in five years  Private debt deal activity in North America decreased in 2023 as aggregate deal value fell to $42.3bn in 2023 year-to-date (YTD) from $172.5bn in 2022…. Subscribe to Read MoreAlready a member? Log in here...

Private debt is the second largest contributor to private capital fundraising Private debt fund managers raised $181bn in aggregate capital, accounting for 17.2% of the over $1tn raised by all private capital funds in 2023 year-to-date (YTD)…. Subscribe to Read MoreAlready a member? Log in here...

Private debt nears its ‘golden moment’  With performance data arriving now for recent private debt vintages it seems that double-digit net IRRs are within reach for many strategies tracked by Preqin…. Subscribe to Read MoreAlready a member? Log in here...

Tracking the number of new participants in private debt This year will see the most US first-time funds in a decade, with 35 funds closed or in market as fund managers look to capitalize on demand for private debt (PD). Most of these… Subscribe to Read MoreAlready a member? Log in here...

Private debt dry powder at all time high  The post-pandemic monetary environment has spurred the growth of the global private debt industry. Assets under management, standing at $1.6tn as of March 2023, almost doubled compared to the end of 2019…. Subscribe to Read MoreAlready a member? Log in here...

APAC-focused private debt fundraising moderates after blockbuster fund closes   Aggregate capital raised by APAC-focused private debt funds fell in 2023 amid uncertainties around interest rates. Fifteen funds raised $3.2bn to date this year, in contrast to 2022, when 41 funds raised $11.7bn, and 2021, when 42 funds raised $10.6bn…. Subscribe to Read MoreAlready a member?

South Korea sees private debt interest in medical devices industry  Private debt is growing fast in South Korea and shows no signs of slowing. Despite the relative immaturity of the market, a number of US private debt firms have set up shop in the country. There are now 119 active PD investors in Korea. Deal…