Private Debt Intelligence – 10/7/2024

Private debt fundraising in Europe falls despite rapid pace of deployment

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Read more in Preqin’s Insights+ Report: Alternatives in Europe 2024

After two record fundraising years in 2022 (€54.1bn) and 2023 (€71.0bn) for private debt, there has been a sharp decline in capital raised by Europe-based managers. In the first half of 2024, just €13.9bn was raised from 18 funds, lagging the 75 raised in 2022, and the 67 in 2023.