Private Debt Intelligence – 8/17/2020

THE LEAD|August 19, 2020

Content hub / Article / Private Debt Intelligence – 8/17/2020

Special Situations Funds in Market

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Special situations funds have gained prominence over the second quarter of 2020, being the catalyst of private debt fundraising recovery. And the market continues to be crowded with special situations funds. As of today (19th August 2020) there are 67 special situations funds in market, seeking for a combined $27.8bn. Almost half of the funds in market (48%) are targeting North America, followed by 20 Europe-focused funds in market. Far from these, Asia and the rest of the word, seem not to be attracting these fund types – there are just six and nine funds in market respectively. Nevertheless, the size of the funds is large – the top ten funds in market target at least one billion dollars, being the Cerberus Institutional Partners VII fund the largest one, seeking $3bn.

Contact: Maria Zapata
maria.zapata@preqin.com

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