Fundraising

Fundraising bounced back in Q3 with average fund size continuing to increase, according to the latest PDI Fundraising Report.

A plethora of pressures point to challenging times for some parts of the private debt market.

It is estimated that the ABF universe totals about $19trn, versus about $1.7trn for direct lending.

The strategy will aim to exploit growing demand for fund finance among the private equity industry.

The fund is a direct follow up to its 2018 vehicle and will continue to back mid-market American companies.

Raising capital has become a tough task for all GPs, never mind new ones fighting for acceptance. Our PDI New York Forum offered some advice and encouragement.

Opportunistic vehicle nearly triples the size of its precursor, and will invest in cyclically driven dislocations.

RoundShield closes its fifth fund on $1.01bn, surpassing its target, as it eyes opportunities in European asset-backed private credit across real asset sectors.

Including leverage and other capital, the fund has an investment capacity of up to $8bn in total commitments.

The fund is thought to be one of the largest ever raised for private debt investment in Europe.