Information technology dominates PD in North America As we near the end of 2022, the dominance of the information technology sector in private debt in North America is showing. 71 deals have been completed in the sector in 2022 YTD, which puts it behind several other sectors such as consumer discretionary and healthcare…. Subscribe to

US private debt deal activity slumps in 2022 The number and value of private debt deals in the US has fallen sharply this year. The number dropped from 149 in Q1 to 51 by Q4 YTD, with most of the drop in H2 2022. Aggregate deal value for US private debt deals witnessed an 81%…

Venture debt fundraising gains momentum Venture capital fundraising fell after the public equities sell off in Q1 2022, which saw aggregate capital raised plummet from $72.5 in Q1 2022 to $11.1bn by Q3. However, more established early-stage companies may be able to access capital from the growing venture debt market…. Subscribe to Read MoreAlready a

APAC investors pile into private debt Private debt is fast emerging as an asset class for APAC investors, as evidenced by an average annual 30% growth in the number of investors in the asset class over the past five years. The largest investors in the asset class are from Australia, led by superannuation fund AustralianSuper,…

APAC-focused mezzanine fundraising doubles in 2022 Private debt fundraising with a focus on APAC was buoyant between 2019 and 2021, when annual aggregate capital raised stood between $9.4bn and $12.4bn. Over $8bn has already been raised so far in 2022 , of which a record $4.1bn for mezzanine funds, almost double that of 2021…. Subscribe

Private debt funds continue to grow Private debt is increasingly attractive to LPs amid global inflation and rising interest rates. Year to date, the average size of private debt funds closed has increased to a record $1.3bn, almost double that of 2020’s $704mn. Aggregate capital raised by private debt funds experienced a 14% dip this…

European direct lending boom sees American dominance decrease A record-breaking number of direct lending funds have closed in Europe this year, a sign of the increasingly global reach of private debt. North America remains the biggest private debt market but has seen its proportion of funds closed globally drop to 53%, down from a high…

Direct lending funds in Europe enjoy post-pandemic boom The number of direct lending funds has hit a new record. Europe-based managers have launched 80 funds so far in 2022, almost double the full-year figure for 2021, when 42 funds were raised. Whilst fund managers have been successful across a range of direct lending strategies, the…

Mezzanine fundraising in North America hits 12 month high Mezzanine fundraising activity in North America reaches a 12-month peak with $19bn raised in Q3 2022. Mezzanine finance is junior debt, often with warrants attached that allow investors to share in the upside. Since Q1 2021, aggregate capital raised for mezzanine funds in North America has…

NA private debt deal activity struggles to catch up with 2021 highs Private debt deal activity in North America has slowed in the second half of 2022 so far, with the number of deals dropping to just over 100 in Q3 this year. Since the recent high of $78.8bn in Q2 2021, aggregate deal value…