Private Credit Lures $71 Billion in Second Quarter, Preqin Says
07/27/2023 07:47
Demand for private credit rebounded globally in the second quarter, with 34 new funds raising $71.2 billion, more than double the previous three months, according to data from industry research firm Preqin.
Demand for private credit rebounded globally in the second quarter, with 34 new funds raising $71.2 billion, more than double the previous three months, according to data from industry research firm Preqin.
European managers stood out, luring $33.8 billion, a nearly seven-fold increase compared to last quarter and just shy of the $36.4 billion raised by North American funds, the data show. In Asia, where the asset class remains in its infancy, firms raised $900 million.