Loan Note: Searches for private debt GPs soar; family offices gravitating to alternatives

Searches for private debt managers higher than for alternative asset peers. Plus: family offices gearing up for more alternatives allocations; and M&A momentum continues into 2024. Here’s today’s brief for our valued subscribers only.

They said it

“While mid-market private credit was not immune to the lackluster M&A and LBO environment in 2023, direct lenders fared far better than syndicated markets, taking 75 percent of overall mid-market sponsored volume in 4Q23”

Taken from the latest Monthly Market Update from Monroe Capital

First look

Man surfing a wave of money

Private debt tops manager search charts

It was the asset class with the most appeal last year.

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