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Study: 22 debt funds raise $12.21bn in 1Q15

The number of funds-in-market has increased dramatically year-on-year.

There were 22 final closes totalling $12.21 billion by debt funds in the first quarter of this year, according to PDI Platinum, a data resource compiled by PDI Research & Analytics and recently launched by PEI, PDI's owner. The largest fund close was Ares and GE Capital’s European Loan Programme which raised €3 billion. 

The research platform reports that as of the end of March, 362 debt funds were raising capital. Tracking real estate, infrastructure and corporate debt funds, the research shows that private lenders are currently seeking a total of $183.14 billion in commitments from limited partners. 

The number of funds-in-market has increased by almost 100 from 12 months earlier, when there were 265 managers raising capital. 

Four of the five largest funds closed this quarter have a corporate debt strategy, reflecting an overall trend in the private debt market where corporate strategies dominate. A single real estate fund, Siguler Guff Distressed Real Estate Opportunities Fund II, which raised $877 million, closed in the first three months of the year. 

The recently launched database profiles 1035 investors and 676 debt fund managers. 

PDI Platinum is accessed through the Private Debt Investor website. Both are part of PEI.