Hard-won gains can be retained
Read PDI’s Report: LP Perspectives 2024 report
Respondents to a PDI survey believe that private debt will not easily give up the share it has won at the larger end of the market.
In 2022 and 2023, as talk of private debt being in a so-called ‘golden era’ grew louder, one of the main reasons was the way in which it had achieved territorial gains at the larger end of the market – promoting itself as an alternative source of finance (and sometimes as the only game in town) at a time when the broadly syndicated market had effectively pulled up the shutters.
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