Subordinated debt

PEI Group’s quarterly fund performance reports analyse the state of private markets through the lens of our proprietary data to bring you market insights enriched by our reporting and editorial expertise.

Fundraising hit a new record in 2025, but only just!

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

Entries for the PDI Awards 2025 must be received by midnight (PT) on 21 November.

Entrants now have until 21 November to submit their entries for the PDI Awards 2025.

Entries for the PDI Awards close on 14 November.

Appetite for credit secondaries, distressed and subordinated debt strategies is growing among LPs – where can the market expect to see the next wave of growth?

The Private Debt Investor Global Awards return.

Record fundraising in Q3 for private debt as investors seek stable returns.

Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.