Private Debt Investor

PDI Picks – 10/7/2019

Q3 fundraising holds up though number of funds closed falls 2017’s massive total of $239bn appears to be more of an aberration than a new norm. Fundraising activity in the third quarter of this year is set to match 2018 levels as appetite for the asset class holds steady. Preliminary figures for the PDI Q3…

PDI Picks – 9/30/2019

Asian credit fundraising is a drag A dip in H1 2019 private debt fundraising numbers doesn’t mean the year’s total will finish less than prior years, as the second half of the year is typically stronger than the first. Capital raising in the Asia-Pacific region has lagged in the first half of the year, pulling…

PDI Picks – 9/23/2019

A drop in fund closings portends more capital in fewer hands Yet another data point is emerging to showcase how fewer managers are raising an outsized amount of the capital LPs are allocating to the asset class. One of the most prominent trends in private credit today has been that of consolidation. It’s often used…

PDI Picks – 9/16/2019

North America ascendant in rat race for capital Many smaller private debt funds may be targeting the continent, but that is at odds with the trend toward more capital in the hands of fewer managers. North America may be rising in private credit fundraising – funds targeting the continent are seeking $116.6 billion. Funds investing…

PDI Picks – 9/9/2019

Clearing the runway for venture lending VC fund managers are raising more capital, likely giving venture lenders more dealmaking activity. Venture capital fundraising could be on track to match last year’s $50.22 billion, according to data from sister publication Private Equity International…. Subscribe to Read MoreAlready a member? Log in here...

PDI Picks – 9/2/2019

North America tops PE fundraising yet again Despite a global maturation of the asset class, North America still remains the place to be. Private equity has grown globally in recent years, with maturing markets in both Europe and Asia-Pacific, but North America remains the dominant force it has been for years. In the first half…

PDI Picks – 8/12/2019

A PE fundraising lag is no cause for alarm Private equity had abnormally strong 2017 fundraising numbers, potentially depressing fundraising in the first half of the year. If capital raising for private equity is indicative of potential transactions for private credit managers, they could have hoped for a better number in the first half of…

PDI Picks – 8/5/2019

Massive mezzanine lenders: the few, the proud While this year’s sluggish junior debt fundraising numbers partially reflect the hollowing out of mid-market mezzanine investments, they also illustrate big firms getting bigger. Mezzanine debt fundraising is off to a slow start this year, according to PDI data, once again showing the strategy’s reliance on mega-funds to…

PDI Picks – 7/29/2019

North America dominates private debt fundraising once again The continent, where the plurality of private debt capital is being sought, highlights both the mature alternative asset markets and the fragmented nature of the European market. North America has once again stolen the geographic spotlight in private debt; more than 45 percent of the total capital…

PDI Picks – 7/22/2019

An energy boost for infrastructure debt The strategy has plenty of supporters in the investor community, as the latest PDI fundraising figures demonstrate. Private debt fundraising is going strong – but, proportionally, infrastructure debt fundraising is going even stronger. In our recently released global fundraising figures for the first half of this year, PDI revealed…