Private Debt US Report

The latest trends across private credit markets in North America

Despite a first-half decline in US fundraising, investors and fund managers sense the signs of a rebound. LPs are continuing to favour private debt over other asset classes and, liquidity constraints not withstanding, are keen to invest more. In Private Debt Investor’s US Report 2024, we pick out five key themes for investors and show why the future looks bright for private debt in an array of different sectors.

COVER STORY

Five key themes for US investors

Featured
-
Differentiation has become the buzzword as institutional LPs look to build out their private credit strategies.
Read more

DOWNLOAD THE MAGAZINE

FEATURES & ANALYSIS

PREVIOUS COVERAGE

2023

Global fundraising may have hit a seven-year low in the first half, but fund managers remain quietly confident that the US debt markets can retain investor interest. That’s partly because higher interest rates have failed to create the widespread distress that many predicted, but also due to the ability of speciality lenders to pivot in response to market dynamics.

Featured

Download PDI’s 2023 US report

-
Inside: Why it’s time to look beyond direct lending; Expert comment and analysis from industry leaders; The rise of speciality finance; A guide to real estate alternative lenders; A ranking of the 40 biggest real estate debt fundraisers; Plus much more…
Featured

Five trends to watch in US private debt

-
The growth of speciality finance is helping to drive the market.
News & Analysis

Expanding horizons: Why it’s time to look beyond direct lending

-
Fundraising may have slowed, but US private debt still looks resilient.
Featured

Inside the rise of speciality finance

-
Asset-based strategies are proving a welcome diversification away from corporate credit risk.
Featured

The changing face of venture debt

-
With traditional routes to finance drying up, tech firms are weighing up their direct lending options.

2022

There’s no better place than the US to take the temperature of the private debt market. Whether it’s fundraising levels, deal terms or investor sentiment, the world’s biggest credit market is the perfect bellwether for how fund managers are coping with today’s macro challenges. The good news for investors is that the mood is surprisingly upbeat. Yet again, this most durable of asset classes seems to be weathering the storm. Read why in our US Report 2022.

Featured

Download PDI’s 2022 US report

-
In the magazine: How debt is offering downside protection; Specialist tech lenders eye an opportunity; The leading LPs targeting the asset class; Keynote interviews and expert comment from industry leaders; Plus much more…
Featured

Key trends: Private debt seen as offering downside protection

| -
Whether it’s the average fund size, the size of the overall market or the scale (and ambitions) of the fund managers, the industry has expanded at a pace that has surprised many in the finance industry.
First aid kit medicine
Featured

Seeking downside protection via debt

-
Fundraising took a hit in the first half but credit is expected to rebound fast as managers adapt to more challenging circumstances.
Staircase
Featured

Specialist tech lenders eye an opportunity

-
Debt is proving an attractive option for tech firms that are being frozen out of the equity markets.
airplane flying
Featured

Credit secondaries take off as LPs see benefit

-
Demand for debt solutions is booming for many different reasons. Panic is not one of them.
Featured

The changing face of real estate credit

-
From a binary choice to a rich seam of sectoral, geographical and risk-orientated opportunities, the real estate credit market has really grown up.

2021

More than 12 months on from the pandemic-induced slump in sentiment, the US private debt market is in rude health. Our US Report looks at why private debt remains more popular than ever for investors in North America and whether the market is in danger of over-heating after recovering beyond pre-pandemic levels.

News & Analysis

Download Private Debt Investor’s US report 2021

-
In the magazine; Why the US market is taking off; What the US can learn from Europe about ESG; A roundtable; Keynote interviews with Twin Brook Capital Partners, Paul Hastings, Sanne and Blue Owl Capital; Plus much more…
News & Analysis

Five key trends in US private debt

-
The sector has emerged from last year’s covid-related uncertainty stronger than ever with fundraising on the up and ESG increasingly important.
News & Analysis

ESG: What can US credit funds learn from Europe?

-
As factors such as regulation drive the sustainability conversation forward, we look at how US credit funds are faring.
News & Analysis

Pushing the button: Why the US market is taking off

-
As US fundraising continues to soar post-covid, we take a look at what is driving its recovery, including which segments are the most popular.
News & Analysis

Why US investors prefer to stay close to home

-
US fundraising has recovered strongly in recent months. Private Debt Investor investigates why the spotlight is on North America.
News & Analysis

H1 sees fundraising return in US market

-
North American-focused funds recovered in the first half, following a difficult year.

2020

While private debt hasn’t escaped unscathed from the coronavirus pandemic, the disruptions have created long-awaited opportunities. PDI’s US Report 2020 takes the pulse of the US credit market and discovers why, while there is an uptick in confidence since June and there are definite grounds for optimism, defensive strategies remain top of the agenda.

News & Analysis

Download Private Debt Investor’s US report

-
In the magazine: Is this a new era for US private debt?; How Kayne Anderson raised $1.3bn in two weeks; A US roundtable; Plus interviews with Twin Brook, Monroe Capital, Partners Group, Northleaf and MGG.

The search for a safe landing

-
A faltering global economy is opening up a new era for US private debt. Although there is nervousness about what the future holds, there is also a sense of opportunity amid the chaos.

Three key trends in private debt

-
The shock of the pandemic is starting to subside, but US private debt markets remain unpredictable.
News & Analysis

How Kayne Anderson raised a $1.3bn real estate debt fund in two weeks

-
Last month’s real estate debt fire sales at the outset of the covid-19 outbreak in the US were just the tip of the iceberg for private real estate
News & Analysis

Too late to the distressed party?

-
Recent months have seen high volumes of marketing dedicated to US distressed debt. Joe McGrath looks at whether there is too much money competing for the opportunities.

LATEST US NEWS

SEE MORE

Click here to access Private Debt Investor’s in-depth special reports covering a wide array of topics, plus our digital magazines.

© PEI Group
pdi
pdi

Copyright PEI Media

Not for publication, email or dissemination