Large institutional investors are continuing to allocate billions of dollars to private credit funds, as managers look to capitalise on a pullback from retail investors, according to a report by the Financial Times.
North American direct lending funds targeting institutional capital raised at least $16bn in the second quarter to 25 June, according to Preqin data analysed by the Financial Times. The period marked the second-strongest quarter in four years for fundraising by closed-end direct lend...
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