Fundraising

Full PDI 200 2024 ranking and five key trends

A more challenging year on the road has seen a shake-up in our ranking of the biggest private debt fundraisers with big success stories and some disappointments.

Configure: Private debt financing of M&A falls below 50% in Q3

Recapitalisations and refinancings surpass M&A, but investment banks expect a turnaround.

Bain Capital closes on special sits fund on $5.7bn

The latest fundraise beats its target and brings the second vintage of the strategy to $9bn.

Silver Point Specialty Credit Fund III closes on $8.5bn

The latest vehicle in Silver Point’s direct lending franchise, with leverage, was more than four times the size of its predecessor.

DE Shaw raises $1bn for opportunistic credit fund

Alkali VI matches the size of its predecessor, drawing support from endowments, sovereign wealth funds and the firm’s own principals.

Counting down: Please submit your awards submissions this week!

Make sure you get your nominations to us over the next four days to participate in the 2024 version of the Private Debt Investor annual awards.

AshGrove hits hard-cap for fund II with €650m

The fund will continue the firm’s specialist focus on lending to B2B services and software companies.

Carlyle’s credit AUM grew nearly 30% in the last year

The firm’s Q3 report shows private equity growth has been muted compared with other units of the business

Credit investing brings record quarterly origination volume for Apollo

Management fees and total inflows in Q3 were buoyed by growth in the credit unit.

Ares deploys $24.1bn from private credit strategies in Q3

Credit accounted for more than 80% of the manager’s deployment in the latest quarter.