The secondaries puzzle There are signs of growth in the debt secondaries market, but investors appear less then enthusiastic about new commitments. Nearly all the indicators seem to be going one way: increased appetite for private credit secondaries. In this context, the record $1.4 billion fundraising for Coller Capital’s Credit Opportunities I fund last week…
What’s the real story on Asia-Pacific? Our fundraising data for 2021 shows impressive growth on a global basis, but not so much in a region that many claim to have strong interest in. Investor interest in Asia-Pacific is clear and undeniable. That at least seems the obvious conclusion from our LP Perspectives study, which unveiled…
The fundraising fightback Following the peak of 2017, private debt capital raising had suffered something of a lean time. Last year changed all that. Last year was the year private debt fundraising came back with a bang. After capital raising hit a low of $183.9 billion in 2020 amid the initial outbreak of the covid-19…
LP appetite strong, but some concerns are voiced Inflation and high valuations are among the factors making investors a little more uncomfortable than normal about private credit’s prospects. The release of our annual LP Perspectives study is a chance to probe LPs on their allocation strategies for the private debt market over the next 12…
Venture debt sets new records It’s a form of financing that’s taken a while to gain traction, especially outside of the US. But there are clear signs this is changing. Venture debt, long the province of the US and once viewed as a mere backstop along the way to growth for startups, is lately being…
Ways through the ESG maze Europe has seen an explosion of loans encouraging better borrower behaviour in relation to ESG issues. We look at some of the key developments so far. In the February 2022 issue of Private Debt Investor, we will be focusing on the rapid growth of ESG-linked loans in the European private…
Europe’s unstoppable deal market Despite the pandemic, it’s been a case of full steam ahead for transactions in the region. European private debt deal numbers breached the 200 milestone during a single quarter for the first time in Q3 according to the latest figures from the Deloitte Alternative Lender Deal Tracker. On the face of…
Five steps forward to a more responsible future The global pandemic has been the hot topic of the last couple of years, but ESG is pushing hard to take centre stage. In our recent Responsible Investing report, Private Debt Investor considered the ways in which private debt is being transformed by the necessities of a…
The year our manager ranking doubled in size As we moved from 50 fundraisers to 100 in our annual ranking, investor appetite for private debt has soared to new record levels. This year, we published the PDI 100 ranking of private debt’s top fundraisers over a five-year period. Having started with the PDI 30, we…
German buyouts set new records As mid-market activity soars, debt funds continue their relentless advance and the banks have revived too. One quick conclusion that can be drawn from the latest version of MidCap Monitor, published by investment bank GCA Altium, is that the German leveraged buyout market is in fine shape. The 102 successfully…