Private Debt Intelligence – 2/27/2023
|March 1, 2023
Mezzanine debt fundraising hits record in Q1
Chart
Download Data
[wpdm_package id=’63385′]
Mezzanine debt set a new record for first-quarter fundraising in 2023, with $20.7bn raised in just two months. This amount surpassed the combined total of the previous seven first quarters, which was $18.7bn. More than half the capital was raised by Goldman Sachs GS Mezzanine Partners VIII which raised $11.7bn, slightly under its $12bn target. The current market environment means that mezzanine has the potential to generate outsized returns, but demand is tempered by the fact that many LPs are able hit return targets with less risky strategies.
(Past performance is no guarantee of future results.)
Contact: Caroline Rolle
caroline.rolle@preqin.com
Private Credit Defaults 101: Back to School
As Labor Day approaches, the unofficial end of summer is upon us. But, before we get too sad, there is also the familiar back-to-school energy.