Private Debt Intelligence – 12/11/2023

https://theleadleft.com/wp-content/uploads/2026/06/cropped-THE-LEAD-ICON.png
THE LEAD|December 14, 2023
Content hub / Article / Private Debt Intelligence – 12/11/2023
Download

Share

Special situations funds close over target in North America 

Chart

Download Data


[wpdm_package id=’67719′]

The average percentage of target size at final close for North American special situations funds has reached over 100% in 2023 year to date (YTD). Fundraising momentum slowed in 2022 to an average 73% of target size at final close. This year’s fundraising accelerated both in speed and quantity. On average, special situations funds in North America raised 114% of target over 14 months in 2023 YTD, down from the average 18 months seen in 2022. Special situations fundraising momentum has also outpaced the whole asset class, which averaged 107% of target size over 24 months. Kennedy Lewis Investment Management raised the largest North America focused fund to close in 2023 YTD. Kennedy Lewis Capital Partners Master Fund III, which targeted $3.6bn, closed at $4.1bn. 

(Past performance is no guarantee of future results.)

Contact: Megan Harris
Megan.Harris@preqin.com

Download

Share

Making sense of private credit defaults

Webinar

Making sense of private credit defaults

What does private credit default data really tell us? Join our exclusive webinar featuring experts from KBRA, Moody's, Fitch Ratings, and S&P Global to find out.
Register
US Private Credit League Tables H1'26

Report

US Private Credit League Tables H1'26

The definitive rankings covering private credit activity in H1'26.
Download
PitchBook's Q2 2026 US PE Breakdown

Report

PitchBook's Q2 2026 US PE Breakdown

Software freezes and energy powers on as US PE deal value falls 38% in Q2 2026.
Download
Private Debt Investor New York Forum

September 15-16, Hudson Yards, New York

Private Debt Investor New York Forum

Bringing together the investors, managers and advisers shaping the next phase of the market — 200+ allocators and $10.6 trillion of LP capital expected. Benchmark strategies, hear from leading LPs, and cut through market noise over two unmissable days.
Learn more
Credit Journal-Private Credit

Report

Credit Journal-Private Credit

Fitch Ratings’ latest Credit Journal series is a subject-specific, curated compilation of in-depth research and commentary. This edition explores the growing world of private credit, including non-bank lending across business development companies.
Download

Latest news

See all stories
    Article | Private Debt Investor

    Lack of new issues clouds CLO market

    August 11, 2026

    It’s been boom time in the leveraged loan market but now that market has eased off, what are the implications…

    Read More
    Article | PitchBook

    Multiples on PE buyouts

    August 6, 2026

    This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.

    Read More
    Article | Bloomberg

    US Leveraged Loan Issuance Slows to $76.5b in July

    August 6, 2026

    The US leveraged loan market has continued to slow from the May level of $104.7b, with approximately $76.5b priced in…

    Read More
See all stories