Capital flowing into private debt funds

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Preliminary data shows capital raising enjoyed a reasonably prolific year in 2025, nudging ahead of the previous year’s total.

Last year turned out to be a strong, if not spectacular, year for private debt fundraising globally. With the fourth quarter ending up the most prolific quarter of the year, 2025 was able to edge past the 2024 total – with $356.9 billion raised versus $355.3 billion, according to preliminary data from Private Debt Investor.