Private Debt Q3 2024: Preqin Quarterly Update

Private debt fundraising continues to recover, but still lags this time last year.

Fundraising for private debt was the strongest since Q4 2023, with $51bn raised
Average fund size has increased from $1.1bn in the second quarter to $1.4bn in the third quarter this year, pointing to fragility as fundraising relies on a narrower base of funds
Direct lending was responsible for 76% of Q3 fundraising, with $39bn raised