LPs want more private debt That’s the positive conclusion arising from our latest survey of investor attitudes toward the asset class. Every year, Private Debt Investor conducts its LP Perspectives survey, in which we canvass limited partners around the world for their views on the asset class. What this year’s version tells us is that…

Allocations challenged, but sentiment is positive Last year saw limited partners rein back on their private credit commitments, but there’s no lack of confidence in prospects for the asset class. In 2023, limited partners were cautious about allocations to alternative assets in general – private credit may have suffered a little less than some other…

Room for improvement on ESG A group of investors noted the progress made by private debt in ESG and DEI, but there is still some way to go, they believe. Private Debt Investor’s December/January issue approached European investors to get their thoughts on how ESG is dealt with by managers. Here’s a selection of their…

APAC takes a fundraising hit as China suffers After years of plenty, life has become much harder for fundraisers in Asia Pacific – especially for those with exposure to an ailing China. The overall trend of recent years has been for Asia Pacific private debt to gain traction among investors. In all, 32 APAC funds…

Fund managers will be put to the test In a challenging new environment, reporting and investing processes are likely to come under greater scrutiny. “Reputations will be made and lost in the next few years, and character will matter as much as technical brilliance,” one of a select group of investors told Private Debt Investor as we…

LPs remain cautious on fundraising The current environment for deal-doing in private debt appears to be strong, but there are reasons why GPs may still struggle to attract investor support.  Sleigh bells may not quite be ringing yet, but at Private Debt Investor we decided that we were close enough to the end of the year to…

Fundraising remained weak at end of Q3 Tough market conditions, especially in Europe, saw fundraising struggle through the first nine months of the year. Fundraising has been subdued throughout 2023 and, while activity did pick up in the third quarter, it was not enough to make up for an exceptionally poor H1, with just over…

What’s next for distress? PDI’s Germany Forum examined the upcoming opportunity set for distressed and special situations as a refinancing wave looms. “This is the best [distress] opportunity we’ve seen in a decade,” said a panellist at the PDI Germany Forum last week, referring to what he described as around 30 percent of the total…

Patience needed for next NPL wave No-one should expect a sudden 2008-style surge, but economic headwinds are expected to eventually translate to a promising opportunity set. Non-performing loans have been one of the hottest topics in the private debt space ever since the 2008 financial crisis led to an unprecedented movement of bad debts off…

The future is artificial A survey in our Future of Private Debt report 2023 reveals where AI is having an impact in the private funds industry. Nearly one-third of GPs identify due diligence and data analysis as the business areas in which artificial intelligence will have the greatest impact over the next five years, according…