Investor demand for private debt unabated in 2022 Despite the turbulent macro environment, investors have remained committed to private debt for its ability to deliver resilient real returns in the face of inflation and an uncertain rate environment. Fundraising in 2022 almost matched 2021’s record figure of $231.0bn… Subscribe to Read MoreAlready a member? Log

Mezzanine debt fundraising hits record in Q1 Mezzanine debt set a new record for first-quarter fundraising in 2023, with $20.7bn raised in just two months. This amount surpassed the combined total of the previous seven first quarters, which was $18.7bn. More than half the capital was raised by Goldman Sachs GS Mezzanine Partners VIII which…

North America vastly outnumbers growth capital deals globally The number of private debt deals in North America have greatly outnumbered those in Europe and Asia combined over the past few years. The region saw 2,360 deals take place between the start of 2020 and 2023 YTD, in contrast to Europe’s 1,101 and Asia’s 94 (not…

Private debt deal activity declined over 2022, large managers can be selective The momentum around global private debt deal activity continues to decelerate. The number of deals fell 39.8% in 2022, to 896 deals from 1488 in 2021. Occasional peaks notwithstanding, deal value slowed from a record high of $99.8bn in Q2 2021 to $43.4bn…

Industrials lead private debt deals in North America A month into 2023, industrials are the dominant sector among private debt deals in North America with 10 deals out of 36 deals in total (28%), a three-deal lead over consumer discretionary. Activity in the sector is consistent with previous years, as industrials deal numbers generally occupy…

Direct lending tops North America fundraising in 2022 As expected, North America was the most sought-after region for private debt in 2022, with $135.2bn raised by funds focused on that market. This is more than double Europe’s $62.1bn and over 12 times Asia’s $11.2bn…. Subscribe to Read MoreAlready a member? Log in here...

Private debt dry powder balanced with AUM Private debt dry powder continues to rise in line with the growth of assets under management (AUM) over 2022, although the ratio of dry powder to AUM fell slightly in the first half of 2022. As of June 2022, dry powder at managers based in Europe, North America…

Private debt funds grow larger in slower market Private debt fundraising slowed down in 2022. The number of funds that raised capital fell 30% from 283 in 2021 to 199 in 2022. However, the average size of private debt funds has grown to a record $1.3bn…. Subscribe to Read MoreAlready a member? Log in here...

Growth of APAC-focused private debt AUM faster than other regions APAC-focused private debt assets under management (AUM) grew 24% in the six months from December 2021 to June 2022, standing at $92.6bn. The pace of growth surpassed both North America and Europe, which grew 10% and 4% respectively in the same period… Subscribe to Read

Industrials lead European PD deal value Last week we highlighted the dominance of the information technology sector in private debt in North America. This week, we’ll show the sector breakdown for Europe’s PD industry in 2022. Although only 26 deals took place in the industrials sector year to date, the aggregate deal value stands at…