Market Wrap
The Unicrunch — Private credit reaches for the high note on the fundraising front
- Peter Benson
•3 min read
Open Arms
This time last year we were discussing how the denominator effect was depressing private markets fundraising. Today, the tune has changed, as institutional investors now fall into the open arms of managers. It’s been quite a journey.
This week, 9fin reported Platinum Equity has raised $12.5bn for its latest buyout fund, not far from the overall targeted sum of $15bn. And the firm is also in the early stages of raising an opportunistic credit fund, though no target has been disclosed.
Perhaps private credit is feeling the uptick in sentiment among LPs and sensing now is a good time to launch new vehicles.
