Caution is the watchword for investors it seems. Apparent evidence of this is to be found in the fundraising figures for the first half of 2018, showing that – after the hard-partying record-breaking year of 2017 – this year has seen the private debt market sober up.
There may be other reasons why fundraising has approximately halved compared with the same period last year, but a likely one is that investors have taken heed of warnings that the asset class is becoming overheated – and have responded by pouring some cold water on the fire.
