Q1 Fundraising Report 2016

The Private Debt Investor Q1 Fundraising Report 2016 is out now.

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It’s been a slow start to fundraising for closed-ended private debt funds in 2016: only $20.81 billion was raised from 32 vehicles in the first three months of the year – less than in each of the previous four quarters. In this report, Research & Analytics investigates the trends that have emerged in the private debt space since the start of 2014.

Half of the capital raised in Q1 2016 was earmarked for global investments, with Blackstone Tactical Opportunities Fund II raising $6.69 billion. Region-specific fundraising has therefore been affected. With only $1 billion amassed targeting Asia-Pacific, funds focusing on the region have suffered from an unstable regulatory environment across the continent alongside other ongoing issues such as the slowdown of the Chinese economy. Even India’s emergence as a hot-spot for private debt opportunities could not overturn the below-par fundraising environment apparent during the first three months of the year. 

In this issue, we bring you an in-depth analysis of emerging markets. Following a year-on-year decline in fundraising between 2012 and 2014, a subsequent spike in investor interest became apparent in 2015 – a 56 percent rise in capital raised compared to the previous year. With $1.57 billion raised so far in 2016, emerging market-focused fundraising is on track to match last year’s total, turning the spike into a plateau.

 

PDI Q1 Fundraising Report 2016