Private Debt Intelligence – 7/31/2023
North America direct lending dry power reaches record levels
Direct lending dry powder in North America hit a record breaking $123.9bn as of July 2023. While displaying gradual growth from 2021 to 2022, the last six months saw a 16% increase, the largest jump in nearly five years. Though private debt has not been immune to the drop in fundraising across alternative assets, North America-focused direct lending funds have raised a combined $38.4bn in the year to July 2023, on track to meet or exceed the $67.2bn raised in full year 2022.
(Past performance is no guarantee of future results.)
Contact: Megan Harris
megan.harris@preqin.com
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