Fundraising

Fundraising activity sunk to its lowest since 2016.

In the latest episode of the Private Debt Investor Podcast, Darius Craton of Raymond James explains why 2023 was such a difficult capital-raising environment, but why 2024 looks more promising.

Several big hitters are now in the market with ambitious opportunistic credit strategies, hoping to capitalise as LPs turn away from conventional distressed plays. So, what has prompted this change of tack?

The firm reported a 51% jump in its private credit fourth-quarter earnings year-on-year.

Investors are understandably nervous about Chinese private credit, but there are still opportunities for those willing to seek them out.

The headline figures may look grim, but sentiment is becoming more optimistic on APAC private debt.

'There has been some bad behaviour that has caused some of these frustrations,' he said.

The fund exceeds its predecessor and will continue to invest in more complex credits to deliver enhanced returns.

The firm is targeting €250m for its DACH-focused private debt fund.

Commitments total $1.35bn, including $50m from partners and employees.