Fundraising down, but interest is maintained While capital raising in North America struggled in the first six months of 2024, hopes are high of a strong finish to the year. North American fundraising during the first half of 2024 ran far behind the first half of 2023, according to the latest Private Debt Investor data….
Waiting for the specialty wave There are reasons why you might expect esoteric strategies to garner more investor dollars, but it may not be straightforward. Our Investor Report 2024 shows no obvious change in limited partners’ appetite for different types of private debt strategy. Direct lending has long been in favour and appears to remain…
Big and getting bigger: insurance in private credit Insurance companies are some of the biggest allocators to private credit already, but there is still a lot of room for the partnership to grow further. With insurance regulatory regimes varying between countries – and in the US, between states – and insurers having different needs and…
Under-allocations laid bare Limited partners have struggled to invest as much in private credit as they would like, as our new study shows. Having been through a period where the denominator effect and slower distributions combined to hamper their allocation efforts, limited partners now find themselves substantially under-allocated to private credit…. Subscribe to Read MoreAlready
Fundraising revival on hold There were some signs of improvement in the second quarter, but raising new private debt capital was still a struggle in the first six months of 2024. The first half of 2024 did not offer much consolation to those awaiting clear signs of a private debt fundraising revival. Private Debt Investor’s…
Infrastructure in the spotlight It’s an area of alternative assets that has retained its popularity with LPs despite the challenges experienced by fundraisers lately. Last year was notoriously tough on the fundraising trail for alternative asset classes but infrastructure debt managed to buck the trend, with affiliate title Infrastructure Investor’s Debt 30 ranking recording a…
Direct lending still the preferred choice In a much-changed world, investors are inclined to support well-established strategies and geographies. As the saying goes: the more things change, the more they stay the same. While the volatile inflationary and interest rate environment has created very different conditions for private debt firms to navigate, provisional data from…
The rise of the periphery Specialty finance is grabbing the limelight by offering strong returns, downside protection and diversification. With many investors having reached a level of exposure to direct lending that they are comfortable with, it’s natural that they should then begin casting around for more esoteric opportunities. One area claiming attention is specialty…
The return of the mid-market With the focus having been on larger deals last year, 2024 has seen more typical private debt activity make a comeback. After a rocky two years, mid-market M&A activity looks set to finally rebound and lenders are reporting a bullish first half of the year. With interest rates hopefully on…
‘Grace period’ on road to net zero Private debt has new guidelines as it seeks credibility in its response to climate change. The Institutional Investors Group on Climate Change – formed in 2001 as a forum for collaboration between pension funds and asset managers on climate change issues – has published the first net-zero guidelines…