Private debt

Raising capital from wealthy individuals requires 'a lot of support, a lot of handholding, a lot of guidance, a lot of education', senior managing director Alex Catterick tells affiliate title PDI.

Solid relationships and flexible solutions are key to private debt’s ongoing success in the PE mid-market, says Audax Private Debt president Kevin Magid.

Partners Group Fund Financing Solutions will invest primarily in GP-led and LP-led NAV loans and opportunistic investments, including NAV preferred equity investments.

Besides private credit, LUCA 1.0 is also in talks to introduce private equity secondaries, fund of venture capital funds and a private markets sports fund, chief executive Keiko Sydenham tells PEI.

More than half of distributors seek vehicles with a minimum investment under €100,000 and plan to commit more capital to debt and secondaries, according to a report from Reach Capital.

PEI spoke to managers from across the private equity landscape to learn what changes are in store over the next 12 months.

With interest rates showing no signs of coming down, PE firms are finding ways to work around the new normal.

LPs made their thoughts about the fund finance facility known in 2023.

A portion of the NAV facility will be used to issue distributions back to LPs and is recallable if needed in the future, Private Equity International understands.

LPs that have received recallable distributions via NAV facilities will do well to think carefully about how and when this capital is re-used.