News Digest:

Private credit funds raised a record $193.4bn in new capital last year, up 14% from a year earlier, with the 10 biggest players cornering 42% of the 2021 corpus, according to Preqin’s latest Global Private Debt report.

Takeaway:

The number of new successful fund launches in the space, as well as their combined fundraising, slumped to levels last registered in the early 2000s, the report revealed, suggesting a growing barrier to entry for fledgling managers.

End Notes

Source: https://www.institutionalinvestor.com/article/b1wwj2cvc8blh8/In-Private-Credit-Bigger-Is-Better-At-Least-When-Attracting-Assets