PDI Picks – 7/22/2024

Fundraising revival on hold

Chart

There were some signs of improvement in the second quarter, but raising new private debt capital was still a struggle in the first six months of 2024.

The first half of 2024 did not offer much consolation to those awaiting clear signs of a private debt fundraising revival. Private Debt Investor’s provisional data for H1 records $108.5 billion of capital raised – down on the $114.1 billion total in the first half of last year, and a significant decline on the $143.3 billion total in the first half of the peak fundraising year of 2021 (see chart).