More APAC investors commit to PD, highest increase in ASEAN Tighter bank lending conditions are leading to increased demand for capital from companies, allowing APAC’s nascent private debt market to expand. APAC-based private debt AUM stands at $78bn as of December 2021 and has grown at an average rate of 29% over the past five…
APAC private debt fundraising steadies after record Q2 After a record 2019, when APAC’s private debt fundraising hit $12.1bn, the following years saw a drop in comparison. However, the ship appears to be steadying, as the $6.7bn raised in 2022 so far matched the $6.7bn raised during the same period a year earlier, thanks to…
Private debt cements place in European investor portfolios Actual allocations to private debt have moved closer to their targets in European investor portfolios since Q2 2015, reducing the gap from 3.6% of AUM to just 1.7% in 2022, with actual allocations standing at 3.3% against a target of 5.0%…. Subscribe to Read MoreAlready a member?
More investors see opportunities in distressed debt Global inflation, rising interest rates, and slowing growth are driving investor interest for distressed debt. After opportunities anticipated during the COVID-19 pandemic failed to materialise, investor interest in distressed debt dropped to just 26% of investors selecting the strategy as presenting some of the best opportunities in 2021….
Private debt continues to outraise real estate Private debt has raised more capital than real estate so far this year, building on the past two years in which the asset class has been increasing its share of private capital fundraising. Private equity remains by far the biggest asset class, with 58% of all private capital…
Private debt fundraising in North America on track for record The number of private debt funds in North America has yet to reach pandemic or pre-pandemic levels, but the trend of mega funds continues. In 2022 year to date, 55 private debt funds closed in North America. Even if that number doubles in the next…
Growth of mega funds masks smaller fund activity In keeping with the growing trend of consolidation within the private debt industry, in Q2 2022 the largest funds continued to attract most of the aggregate capital targeted. Compared to the same time a year earlier (Q2 2021), the proportion of funds in market targeting aggregate capital…
Rapid growth in fundraising of Asian private debt funds There has been a rapid uptake in fundraising by private debt funds in Asia over the past year. The aggregate capital raised by private debt funds in Asia was $6.3bn in Q2 of 2022, growing over 6x from the $1bn raised in the same quarter last…
The relentless growth of private debt mega funds Private debt funds continue to grow larger. The average size of funds has ballooned to $1.57bn in 2022 year to date, 66% higher than 2021 and more than double that of 2020. This is also considerably more than the average fund size of $762mn of private equity…
Private debt dry powder at record levels Private debt dry powder has climbed to record highs in recent years. Investors committed capital during the pandemic as a rush of opportunities in the distressed debt space was expected. Indeed, 2021 saw the highest annual aggregate capital raised in private debt on record, at $214bn…. Subscribe to