Fundraising

Support from the Emirate’s sovereign wealth fund and other investors will enable the strategy to hold a first close soon.

M&A activity looks set to finally rebound in 2024, with lenders reporting a strong start to the year.

Second vintage has already deployed 40% of capital, and early investments are putting up net IRRs of 25%, manager says.

LA-based manager has a record amount of available capital, but sees dip in fundraising from Q4 2023.

Fundraising and deal volumes show signs of picking up after falling sharply in 2023.

Fundraising activity sunk to its lowest since 2016.

In the latest episode of the Private Debt Investor Podcast, Darius Craton of Raymond James explains why 2023 was such a difficult capital-raising environment, but why 2024 looks more promising.

Several big hitters are now in the market with ambitious opportunistic credit strategies, hoping to capitalise as LPs turn away from conventional distressed plays. So, what has prompted this change of tack?

The firm reported a 51% jump in its private credit fourth-quarter earnings year-on-year.

Investors are understandably nervous about Chinese private credit, but there are still opportunities for those willing to seek them out.