Debt fund allocations to increase – Elian survey

The online survey of 88 alternative investment professionals, conducted by PR firm Citigate Dewe Rogerson, shows 60% of respondents believe the private debt market will grow in the coming year, while 41% said they are likely to increase their allocation to private debt assets during that period.

A further 15% said they are likely to increase their allocation to the asset class significantly.

"While private debt is still in its infancy as an asset class, this research clearly shows that investors are responding positively in their allocation levels," Elian head of private equity Charles Le Cornu said in a statement. "This is being driven by the robust performance private debt investments have demonstrated and, indeed, continue to deliver."

Several GPs have raised private debt funds already in 2016, according to unquote" data. Earlier in August, Beechbrook held a €100m first close for its third private debt vehicle, while Park Square closed its third subordinated debt fund on €1.2bn in the beginning of April.

US-based Muzinich & Co reached a first close of £185m for its UK-focused private debt fund in January, while CapMan's rebranded debt division Nest Capital held a €100m first close of its latest Nordic private debt fund in May.

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• Topics
• Fundraising
• Financing
• Nordic debt
• Debt check