Mar 15 2018 | 12:09pm ET
Almost half of private debt investors cite valuations at the top of the list of challenges facing the industry, while 70% believe there is more competition for deal-making opportunities.
However, over three-quarters of fund managers find that investor appetite for private debt has increased over the past year, according to a Preqin survey of 94 private debt fund managers in November 2017.
Key Private Debt Fund Manager Outlook Facts:
“The private debt industry experienced tremendous growth in 2017, with the year marking new records for both fundraising and capital distributions to investors. The maturing of the private debt landscape, however, has offered a host of challenges for fund managers that other, more established asset classes have suffered from, including higher valuations and increased competition for transactions,” Tom Carr, head of private debt products, said in a statement.
Founded in 2003, Preqin is a leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and bespoke data requests. More than 47,000 professionals in 90 nations use the company’s products.
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