The flight to quality

LPs are putting more cash in the hands of the leading fund managers.

Amid deteriorating market conditions and concerns we may be late in the credit cycle, investors are taking flight to quality.

Figures from the PDI 50 ranking of top fundraisers shows the top 10 fund managers are raking in the majority of capital raised.

In 2018, the top 10 managers raised more than the next 40 combined.

While all groups have been raising more cash, the top managers have remained dominant in the industry. Managers ranked 31 to 50 amassed less than a third of the amount the top 10 accumulated in 2018.