This chapter delves into the evolution of private credit fundraising with a focus on perpetual capital and the rise of Business Development Companies (BDCs) in the U.S. It highlights the growing institutional interest in customized investment structures, signaling a shift towards tailored approaches in the private credit market.
Private credit fundraising has been going through an inflection point in recent years, as high interest rates and geopolitical risk increasingly drive LPs to only the most established fund managers. The market shift has many wondering, is the sector leaving its “Golden Age” and entering its "Silver Fox era”?
Despite these challenges, investors are finding new opportunities as they adapt to the changing landscape.
For this week's episode of Cloud 9fin, private credit reporters Peter Benson and Fin Strathern discuss the evolving world of private credit fundraising, the rise of more niche strategies, and the use of perpetual capital vehicles.