‘Large-cap direct lending is only becoming more important’

We take the temperature of the market based on conversations with some of the asset class’s biggest fundraisers.

Did someone say covid? With private debt’s top 50 fundraisers surpassing $1 trillion in capital over a five-year period, our ninth survey of the market’s top fundraisers demonstrates that the asset class has kept motoring through the pandemic.

“We don’t have a crystal ball, but there’s real momentum in the direct lending market,” says Mitchell Goldstein, partner and co-head of Ares Credit Group, whose parent Ares Management captured the top spot in our ranking for the third year in a row.

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