Private credit and a different view on economic conditions Concern over the economy often relates to worries over a recession or correction. Private debt managers, however, may fear things becoming too good. Private fund chief financial officers fear that the economic environment could be the main barrier to achieving their goals this year, according to…
Infrastructure debt fundraising is falling short Investors say they are interested in the strategy, but few are putting their money where their mouth is. Infrastructure debt fundraising has hit a lull so far in 2019 as the market enters the second half of the year. Infrastructure debt fund managers have only held final closes on…
Distressed debt grows despite mixed feelings from investors Distressed debt fundraising dropped off in 2018, but numbers from the first half of 2019 indicate that investor appetite is turning around. In interviews for PDI’s upcoming cover story that takes a deep dive into distressed debt, many investors said they weren’t interested in the strategy, citing…
AUM growth expectations at odds with consolidation trend Many private markets managers expect rapid growth in the coming years, but some of those optimistic firms may find themselves being bought – just ask some BDC managers. One of the marquee stories in the finance world post-global financial crisis has been the rise of alternative assets….
Private credit’s downturn performance will predict its growth in Asia – and the world Alternative asset managers expect Asia, save China and the Middle East, to be the strongest growth area for their investor base in the coming years. The growth of alternative asset investments coming from Asia has been real, and managers believe it…
Firms bullish on an expanding investor base As alternative assets continue their rise, private fund managers may well keep notching additional LPs with each new product and successor fund. A majority of private fund managers expect to see growth across most aspects of their investor base, according to a survey conducted last month by Private…
European senior debt is a big winner – for only a few managers What’s better than being on top, both in the capital structure and fundraising totals? European senior debt funds collected a record amount of cash in the first quarter, but notably, the period had the fewest number of fund closes. We conclude that…
North American private credit market: sponsored by private equity The fates of the two asset classes are largely intertwined and the deluge of private equity capital bodes well for debt managers’ dealflow. In case it wasn’t clear that the North American sponsored finance market is booming, here’s a set of figures for you. Private equity…
When junior debt fundraising comes out on top The lack of mid-market mezzanine opportunities has likely caused the size of mezzanine funds to grow faster than senior debt vehicles. Fewer firms are raising a greater portion of all private debt capital, but this stands out to be particularly true in mezzanine debt. Junior loan funds…
Why the UK is OK Politicians are still fumbling for an appropriate response to the UK’s Brexit vote, but the drama has not destroyed prospects for private debt funds targeting the country. The UK may have voted to leave the European Union in June 2016 but, in the almost three years since the referendum was…