Private Debt Intelligence – 5/29/2023
Private debt AUM surpasses private real estate funds in North America
Chart
Download Data
[wpdm_package id=’64739′]
Private debt assets under management (AUM) in North America exceed private real estate funds for the first time ever. As of September 2022, private debt AUM in North America reached $924.0bn establishing a lead over real estate’s $918.9bn. Real estate had been the second largest alternative asset class by AUM, behind private equity. The Preqin Private Debt Global Report 2023 notes that amid rising interest rates and credit spreads, the hedging that comes from private debt’s use of floating rate facilities makes it attractive. Preqin predictions forecast such expansion to continue and private debt AUM in North America will reach $1.4tn by 2027.
(Past performance is no guarantee of future results.)
Contact: Megan Harris
megan.harris@preqin.com
Latest news
Lack of new issues clouds CLO market
It’s been boom time in the leveraged loan market but now that market has eased off, what are the implications…
Multiples on PE buyouts
This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.
US Leveraged Loan Issuance Slows to $76.5b in July
The US leveraged loan market has continued to slow from the May level of $104.7b, with approximately $76.5b priced in…