Private Debt Intelligence – 2/8/2021
Record Number of Active Fund Managers in Private Debt
The firms’ market is increasingly crowded with a record 1,947 private debt firms currently active. In 2020, the proportion of private debt managers active in distressed debt and special situations markets grew considerably, accounting now for 17% and 19% of the market, up five and four percentage points from 2019 respectively. However, the market is still dominated by direct lending managers, with 30% of market share. And on the other side, fund managers active in venture debt and fund of funds account for the least proportion of the market.
Contact: Maria Zapata
maria.zapata@preqin.com
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