Fundraising

Three key trends in European private credit

Europe’s private credit industry continues to offer opportunities for investors despite market headwinds.

Davis Polk & Wardwell: Credit secondaries funds are poised for growth

With private credit fundraising flourishing, new managers emerging and GP-led deals on the increase, Leor Landa, head of Davis Polk & Wardwell’s investment management practice, and partner Sijia Cai, are expecting a bright future for the private credit secondaries market.

Apera closes third fund above hard-cap at €2.9bn

The fund raised more than double the capital of its predecessor for lending to European mid-market companies.

There is still room for new real estate debt fund managers

Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met.

The road to the ‘golden age’ starts here

Fundraising in private debt has struggled in recent years, a counter-intuitive development given the high hopes widely expressed for the asset class’s future. In The Private Debt Investor Podcast, Jess Larsen of Briarcliffe Credit Partners says a corner is being turned in 2025.

Sky Leasing holds final close on $1.35bn

The fund beats its target, doubles its predecessor and reflects the return of creative aircraft financing.

Generali and Partners Group launch credit secondaries fund

The joint venture is structured as a RAIF and will look to acquire mainly senior-secured direct lending stakes.

Crayhill closes $1.3bn ABF fund

The fund seeks to monetise assets independently of a borrower’s overall performance.

MSCI: Private debt faces fundraising slowdown risk

While a tangible decline has yet to surface, prolonged sluggish fund performance predicts a negative trend.

Fundraising’s fragile green shoots

Investor sentiment around private debt has proved determinedly positive, but funds have been finding the capital-raising environment tough. Did a surge in Q1 mean a corner has been turned?