Private debt looks for growth as traditional capital flatlines
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Private debt industry valued at $1.7 trillion; fundraising for institutional investors expected to remain flat in 2024 compared to 2023; 59 traditional private debt funds closed in H1 2024, down from 68 in H1 2023; fundraising volume decreased from $98.9 billion to $90.9 billion; central banks likely to cut interest rates, reducing appeal of floating-rate private debt; private credit firms exploring retail and insurance company investments; notable firms include Apollo Global Management, BlackRock, Goldman Sachs, and Carlyle Group; Blue Owl Capital acquired Kuvare Asset Management in July 2024, gaining $20 billion in assets; evergreen fund structures gaining popularity with lower fees and flexible capital contributions.

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