Preqin Quarterly Update: Private Debt, Q2 2016
Twenty-six private debt funds reached a final close in the past quarter, securing $15.7bn in aggregate capital globally. Opportunities in North America and Europe continue to be the focus of the majority of capital raised. In particular, direct lending funds remain the most sought-after strategy for investors, with 11 vehicles securing an aggregate $9.0bn in commitments, surpassing all other strategies. Dry powder reached record levels for funds focused on North America and Asia and therefore accessing quality lending opportunities will be vital for fund managers in order to provide consistent returns to their investors.