Private Debt Intelligence – 1/10/2022
Direct lending most popular PD strategy of 2021
Private debt funds reached an average 120% of their target size at final close last year, with a total of $195.1bn raised. Of this, 58% was raised for direct lending strategies, amounting to $112.5bn over 94 funds. The next largest strategy within the asset class was distressed debt, where 30 funds raised a total of $40.9bn. Within direct lending, $69bn was raised across 58 North America-focused funds, followed in size by funds with a Europe-focus, which raised $38.3bn over 23 funds.
(Past performance is no guarantee of future results.)
Contact: Laura Messchendorp
laura.messchendorp@preqin.com
Latest news
Software, consumer-related direct lending deals fell in H1'26
The software and technology sector, the second-most-active sector in 2025 at 17% of total deal activity, slid to fifth place in the first half of 2026.
Unconquered Territory
With most of the map still unexplored, there’s room for a sequel.
