Pension funds and other big investors are reducing the amount they allocate to private credit as they become increasingly concerned about the risks that high interest rates pose to the $1.7tn sector.
US-based private credit funds raised $123.1bn from investors last year, according to data group Preqin, based on fundraisings that were completed, down from $150.8bn in 2022. In the first two months of 2024 funds raised a combined $11.7bn, compared with $30.4bn in the same period last year.
It is also taking longer for funds to reach their fundraising targets, with Preqin data showing the average time to close to new investors jumped to 39 months in the first two months of this year, from 25 months a year earlier.
您已阅读12%（717字），剩余88%（5261字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。