When it comes to responding to investors’ wishes, fund managers rarely miss a trick. The insatiable appetite of pensions, foundations, endowments and insurance companies for North American private debt strategies has driven a flurry of fund launches over the past three years, writes Joe McGrath. According to PDI data, 146 North America-focused private debt funds closed in 2018 – the third-highest number in any year since the global financial crisis, though slightly below the 158 closes recorded in 2016.
Five trends in US private credit opportunities
With sustained interest in the strategy, we identify aspects with which investors should be mindful.
