Private debt proves it is a source of sustainable and reliable income for investors in ongoing turbulence, outperforming both natural resources and real estate. However, Q3 saw the lowest amount of capital raised in any quarter since Q1 2018. The general consensus is that we are in the late stage of…

The Preqin Quarterly Update: Infrastructure Q3 2019 covers fundraising, funds in market, investors, deals and performance. We find that investor sentiment is bearish, with only 19 funds raising an aggregate $8.4bn; this is significantly down on Q3 2018 when the industry secured $44bn across 29 unli…

Daniel Heine, co-founder of alternative assets firm Patrimonium, on the growing opportunities in the European private debt market

While the overall narrative of private debt has been of strong long-term growth, in Q2 2019 the asset class is undeniably in a slump. Fundraising in the first half of the year has sunk to its lowest level since 2016, fewer and smaller funds are coming to market, performance is flat across most strat…

The infrastructure industry does not seem able to throw off the air of cautiousness that has gripped the private capital industry in Q2. Investors are generally looking to make fewer and smaller investments than they were 12 months ago, deal activity has been declining each quarter for over a year, …

Private debt has struggled to outgrow the trend of capital concentration among established fund managers – of the little fundraising activity to occur in the quarter, the majority was driven by a small number of large funds. We look at investors’ plans for the year ahead, the latest fund performance…

In the first quarter of the year, infrastructure has stayed relatively on par with historical fundraising levels, with $15bn secured over the period. We look at the fundraising, deals and investor activity from the quarter alongside the most up-to-date performance figures.

In Q3 2018, 31 funds closed raising $24bn. This pushes the fundraising total $11bn ahead of where it stood at this time last year. In this report, we analyze the Q3 fundraising, performance and funds in market, alongside exclusive commentary from Deerpath Capital.

For Q3 2018 infrastructure has recorded the highest quarterly fundraising total in the past five years, with a clear trend of capital concentration in fewer funds emerging. With more selective investors, managers will have to work hard to differentiate themselves from the crowd – there are currently…

In the second quarter of 2018, 22 private debt funds raised a total of $25bn, up nearly $0.6bn compared to Q2 2017 and up $5.3bn compared to the previous quarter. However, the $44bn raised by the asset class in the first half of the year trails behind the $49bn secured in H1 2017, indicating a sligh…

In Q2 2018, 17 unlisted infrastructure funds reached a final close securing a combined $25bn in institutional capital, the highest amount raised in a quarter since Q1 2017. These funds achieved an average of 125% of their target size which, as capital becomes increasingly concentrated among fewer fi…

Although fundraising in Q1 2018 is off to a slow start, investor appetite for private debt remains strong, with 98% of institutional investors planning to increase or maintain their private debt allocations in the long term. This bodes well for the 350 private debt funds currently in market that are…

Infrastructure fundraising has slowed in Q1 2018, halting the momentum of a record year in 2017. However, the funds able to close achieved an average of 120% of their target, suggesting that investor demand is strong – particularly for established managers. Infrastructure transactions were also down…

Fundraising for unlisted infrastructure picked up in Q3 2017, with 17 funds securing an aggregate $12bn in capital commitments. Investors’ targeted commitments for future investment in the asset class have increased in comparison to the previous year, and more investors are looking to commit to fewe…

Twenty-four private debt funds closed in Q3 2017, securing an aggregate $23bn in global capital commitments, with this figure expected to rise as more data becomes available. The average size of funds closed has more than doubled from this time last year. Direct lenders once again closed the most fu…

How Mexico is laying the groundwork for significant alternatives opportunity. Mexico has lately bobbled in and out of favour with global investors. Recent news media on the country’s trade debates with the US has broadcasted mixed signals on the economic policy of Mexico’s newly elected President A…

Managers in the region are providing investors with outsized returns to compensate for risk. Although the majority of European capital is concentrated among Western Europe-based managers, Nordic-based fund managers have offered investors the largest return compared with firms in Western Europe and …

After the closure of the largest ever infrastructure fund in Q1 2017, fundraising lost momentum in Q2: 11 funds secured just $5.3bn. However, the growing opportunity for mega funds in the market has meant that the proportion of investors planning to commit $500mn or more to infrastructure funds in t…