Private Debt Intelligence – 1/30/2023
Direct lending tops North America fundraising in 2022
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As expected, North America was the most sought-after region for private debt in 2022, with $135.2bn raised by funds focused on that market. This is more than double Europe’s $62.1bn and over 12 times Asia’s $11.2bn. In the last quarter of the year, private debt fundraising hit $23.2bn in North America, significantly higher than the amounts allocated to Europe ($13.5bn) and Asia ($1.5bn).
The most popular strategy in North America was direct lending, which raised $64.4bn through 57 funds and accounted for most of the growth in private debt fundraising in the last decade. The next most popular strategy for the continent was special situations, with $37.98bn raised across 24 funds.
(Past performance is no guarantee of future results.)
Contact: Caroline Rolle
caroline.rolle@preqin.com
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