Chart of the week: The resurgence of closed-ended private debt fundraising

Private debt fundraising is once again on the rise following a lull in 2014. 


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Aggregate capital gathered for private debt funds amounted to $104.2 billion in 2015, with the close of 139 vehicles globally. This is $20 billion above the equivalent figure in 2014, when fundraising moved away from the upward trajectory it had followed since 2010. At just $2 billion shy of peak levels in 2013, private debt fundraising seems to be back on the rise following a brief hiatus.

Private debt vehicles in 2015 were also larger on average than in any year since 2010, reaching an average size of $750 million. As 2015 also saw the close of the largest private debt vehicle since 2010, this is perhaps not unexpected. GS Mezzanine Partners VI held a final close in February at $8 billion, despite an initial target size of $6 billion.