Wed, Aug 10, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Private debt fund managers closed 200 funds raising an aggregate of $118bn in 2020

Monday, February 08, 2021

Laxman Pai, Opalesque Asia:

In 2020, private debt fund managers closed 200 funds raising an aggregate of $118bn. This is slightly below the 223 funds closed and $132bn secured in 2019, according to 2021 Preqin Global Private Debt Report.

"Although slightly below 2019 totals, fundraising was robust over 2020 - 200 funds closed raising an aggregate $118bn. Capital concentration intensified, with the 10 largest funds raising 39% of the total, up from 31% in 2019," the report said.

Private debt assets under management (AUM) continued to grow despite the global pandemic. As of June 2020, AUM stood at $887bn, making private debt the third-largest private capital asset class, behind only private equity and real estate.

Special situations and distressed debt funds have been an area of growth, with the proportion of capital for these strategies climbing from 16% in 2009 to 40% in 2020.

Special situations funds in the market have sharply increased, with 79 on the road, a 464% increase from a year ago. The largest distressed debt fund in the market is seeking $15bn in the capital.

There are currently 79 special situations funds in the market, up from 14 in 2019. The largest distressed debt fund on the road is seeking $15bn.

Almost half (47%) of investors Preqin surveyed expect to commit more to the private debt over the next 12 months, with a further 40% maintaining investment levels.

The number and value of private debt deals fell in 2020, but their av......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: Castle Hall, the Du