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Laxman Pai, Opalesque Asia: Despite this challenging comparator, and the upheaval in public markets, year-to-date private debt funds fundraising of $93bn is on track to be a close second, and it is likely to increase from here, said a study.
As a point of comparison, 2021 was a record-breaking year for private debt fundraising, with the highest annual aggregate capital raised on record, at $213.7bn, said Q2 2022 Private Debt Quarterly Report by Preqin.
"The private debt funds are on track for another strong year, with over half of surveyed investors looking to target direct lending strategies over the next 12 months," said the report.
Aggregate capital raised in special situations funds rose from $2.4bn in Q1 2022 to $25.7bn in Q2 2022. While direct lending fundraising reached $24.6bn of aggregate capital raised in Q2 2022, compared with $19.6bn in Q1 2022.
The total private debt fundraising reached $40bn in Q2 2022, Preqin said.
According to the report, 56% of investors will target direct lending strategies over the next 12 months, compared with 43% selecting distressed debt, and 48% mezzanine.
Meanwhile, 64% of investors are planning commitments of less than $50mn in the next 12 months, compared with 53% last year.
North America remains the number one market for private debt, with 21 funds raising $38.3bn of capital in Q2 2022. Interest in European private debt has been rising in recent months, with European interest rates bouncing off historic low...................... To view our full article Click here
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