A closer look at private debt performance

As traditional PE strategies have become more crowded, the PE industry has seen a record-high expansion in private debt fundraising. Names like Thoma Bravo, BC Partners and Silver Lake have all branched out into the private debt space, following in the footsteps of larger “one-stop shops” like Blackstone and Apollo. While the public credit markets remain the cheapest and most available financing option for most borrowers,