After a choppy 2020, US private credit markets were incredibly active in the first half of 2021, as fundraising rebounded to beyond 2019 levels and M&A activity surged.
More than $40 billion was raised for North America-focused private debt funds in the first six months of the year, well up on the $27 billion raised in the first half of 2020, with an average fund size of nearly $800 million, which far exceeds anything seen in recent years.
