Real estate’s silver lining It’s an area of investment that hasn’t had the best headlines in recent times, but debt providers believe there are good opportunities beckoning. Fundraising for real estate debt-focused funds fell 17 percent year on year between 2023 and 2024, according to Private Debt Investor data, with market onlookers citing a lack…
Allocations on the up As a relatively young asset class, private debt still has plenty of room for bigger LP commitments. Insurers are leading the way. You don’t have to look too hard in the financial press to find commentary suggesting that insurance and private credit are a match made in heaven given the way…
LP caution, but secondaries is showing signs of life Our latest investor survey shows LPs reluctant to engage with credit secondaries – despite increasing signs of maturity in the market. On the face of it, the private credit secondaries market still has a long way to go. In the 2025 version of our Perspectives study,…
Capital raising dips but senior debt going strong Global private debt fundraising fell slightly last year, having fallen each year since reaching a high of $332.8 billion in 2021, according to the latest Private Debt Investor data. The total of $265.1 billion was below 2023’s figure of $272.7 billion as the decline begins to slow….
Performance driving LP confidence Investors are by and large happy with what private debt has achieved, even if they do have some reservations. In a column before the holidays, we reflected on preliminary findings from our LP Perspectives study showing that 58 percent of investors wanted to invest more in private debt over the next…
Private debt’s emerging manager problem New GPs face a tough task to attract investor interest, but there are ways of maximising prospects. It feels somewhat Scrooge-like to point it out at this time of year but, for emerging managers, goodwill appears to be in short supply. In our LP Perspectives study – to be published…
Private debt popularity keeps growing Fundraising has been challenging over the last couple of years, but LPs now have the inclination and the ability to commit more capital. If you’ve been wondering whether private debt can keep its growth momentum going, there’s plenty of room for optimism to be found in our latest LP Perspectives…
Fundraising gathers momentum By the end of the third quarter of this year, capital raising was proving to be somewhat less challenging for private credit GPs. After a tough first quarter, private debt fundraising picked up the pace through the rest of 2024 to end Q3 just slightly behind the equivalent period in 2023. Q3…
Hard-won gains can be retained Read PDI’s Report: LP Perspectives 2024 report Read PDI’s Report: LP Perspectives 2024 report Respondents to a PDI survey believe that private debt will not easily give up the share it has won at the larger end of the market. In 2022 and 2023, as talk of private debt being…
Investors keen to plug the gap Read PDI’s Report: LP Perspectives 2024 report Read PDI’s Report: LP Perspectives 2024 report Capital allocations can be expected to increase as many LPs seek to back up their faith in private markets with greater commitments. After a fallow couple of years for fundraising (as well as exits and…