Private debt squeezed as correction clouds gather

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Private debt squeezed as correction clouds gather

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A cargo ship sails across the North Sea off the coast of Whitley Bay, Tyne and Wear, as storm clouds sweep down the coast with snow forecast. | Owen Humphreys/PA Wire/Press Association Images

Reports from PitchBook and Preqin have found an increased concentration of capital in private debt funds, which is giving larger asset managers a whip hand in dealmaking. Meanwhile, smaller funds are struggling to raise and deploy capital, and investors are seeking the safety of big players ahead of an expected downturn. Silas Brown reports.

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