Fundraising holds up well

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The volume of capital gathered remained at healthy levels last year, although the number of funds closed sank to new lows.

It wasn’t a record-breaking fundraising year for private debt in 2022 but, with concerns about the economy growing, there were few signs of limited partners changing their positive view of the asset class. Mezzanine funds gained market share while Europe appeared to be regaining investor confidence in the latter months of the year. Here are four of our key data points: