Private Debt Intelligence – 8/1/2022
Growth of mega funds masks smaller fund activity
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In keeping with the growing trend of consolidation within the private debt industry, in Q2 2022 the largest funds continued to attract most of the aggregate capital targeted. Compared to the same time a year earlier (Q2 2021), the proportion of funds in market targeting aggregate capital of more than $1bn increased from 15% to 19%. As a result, the proportion of capital these funds are targeting increased from 61% of total aggregate capital targeted to 68%. However, while the trend of consolidation will likely continue, there is still an active market for funds targeting SMEs, with 64% of funds targeting $500mn or less.
(Past performance is no guarantee of future results.)
Contact: Harsha Narayan
harsha.narayan@preqin.com
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