Private debt fundraising is tough going, and it’s being made even tougher by European LPs wary of committing to new funds on a virtual basis.

Participants at our latest event discussed the broad outlook for the asset class, the allure of Asia-Pacific, changing terms and conditions, and caution over distressed debt.

In the wake of the health crisis, LPs have favoured the managers they know best when it comes to fundraising. Newcomers face a struggle but may be assisted by co-investments and changes to protocols.