Remote due diligence is here to stay

Chart

The challenges of life away from people and offices may have hindered private debt fundraising to an extent, but video meetings also have their supporters.

Fundraising these days is a tough slog, right? Well certainly for private debt anyway, even if the still-surging private equity asset class managed to rack up a new record high total funds raised during the first quarter. In the last couple of editions of PDI Picks, we have been reflecting on our latest fundraising data which showed the overall total declining, the number of funds in market falling sharply and the length of time needed to reach a fund close increasing.