Private Debt Q4 2024: Preqin Quarterly Update

Fundraising in 2024 has yet to recapture the momentum of 2021 after slipping again year on year, but the outlook for 2025 is positive.

Private debt fundraising ended FY 2024 down, the third yearly decline in a row
Many of the factors constraining fundraising over the last few years are abating, setting up the asset class for a stronger than expected 2025
Obstacles to private debt growth are clearing due to the benign macroeconomic environment