Managers of private debt vehicles oversaw $1 trillion of assets as of the end of June, according to Preqin data, up nearly threefold since 2010. Direct lending funds, which make loans to companies rather than buying debt syndicated by banks, totalled $412 billion.
Private credit managers have raised $78.7 billion in the first six months of the year, in line with $161 billion in 2020 and $142 billion in 2019. In all, funds have $365 billion of capital to invest, according to Preqin.Dollar banknotes are seen in this picture illustration taken April 28, 2017.
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Source: CNBC - 🏆 12. / 72 Read more »