Private debt has overtaken venture capital among the top private market fundraising strategies, second only to private equity, PitchBook reports.
The financial data company’s new report covers the latest trends and topics in the private debt fund market. The Federal Reserve’s decision to keep interest rates higher is a reminder of its appeal as floating-rate loans continue to beat bonds and almost equal stocks with their returns to date. Direct lending remained the most favored sub-strategy, with mezzanine financing and special situations close behind. Read more.
