Fundraising

Private markets fundraising conditions are tightening, but managers with a track record can still attract investors to property credit.

Optimism has not been eroded in an asset class facing both scare stories and genuine challenges.

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.

As fundraising has slowed and exits become harder, fund finance in the region has never been busier, with GPs increasingly tapping into sources of liquidity.

Despite record-breaking H1 fundraising activity, infrastructure and real estate credit funds are largely absent from the total.

Clean energy debt fund’s fourth vintage alone, on first close, adds over $1bn to total; more jurisdictions widen originations pipeline.