John Bakie
A recent note from the FCA highlighted both the rapid growth of the asset class and various areas of concern.
Analysis of fund close data found that vehicles valued at under $250m have seen a rapid decline since 2024.
The firm also reported a high re-up rate for its latest flagship European credit vehicle.
The firm secured its largest fundraise to date to provide credit to early stage and growth businesses.
The firm’s third vintage in its Asia credit strategy is thought to be targeting $1bn.
Despite record-breaking H1 fundraising activity, infrastructure and real estate credit funds are largely absent from the total.
Despite a strong start to the year, totals for 2026 are set to fall short of the record-breaking sum seen last year.
The Texas-based firm said lower mid-market businesses in Europe are facing a significant funding gap.
The fund has already exceeded the total raised by its predecessor to provide senior loans to companies in the CEE region.
The fund is Ninety One’s third vintage focused on senior credit in emerging markets.