Fund Management

There are few signs yet of any major stress in the market, but interest rate rises and refinancing worries give some cause for concern, delegates at the PDI Europe Summit 2023 heard.

The fundraising environment is challenging, as investors are attracted to private debt’s return possibilities but have concerns over deployment.

While private debt has performed well so far, LPs want managers to maintain a solid risk-return profile.

Next thing you know, private credit will be bailing out the banking system. Past experience of crises will ‘come in handy’ says one industry professional.

New SEC emergency reporting requirement is likely only the beginning of changes.

If you’re a large manager with freshly raised capital, you may be poised to prosper. For others, things could be about to get more challenging. PDI examines the landscape for private debt following the recent banking woes.

The European fund manager beat its target for the strategy and points to a ‘fertile investment environment’

Falling activity in the UK and Germany enabled France to become the top market for European private debt deals for the first time.

With markets facing a severe imbalance of supply and demand for credit, private debt funds stand to benefit if they can harness the opportunity.

Up until now a nascent part of the investment universe, the tide appears to be turning for the private credit secondaries market.