In 2017, North America-specific closed-end debt funds raised a record $18 billion, marking a 15% increase from 2016. Debt fund returns surpassed those of value-add and opportunistic funds, with a significant portion of institutional investors planning to target debt funds in 2018. The net deployment of active dry powder by debt funds also saw the highest growth compared to other fund types as lending from life companies and balance sheet lenders declined.

1. Slicingthe debt pie
North America-specific,
closed-end debt funds raised
$18 billion in 2017, a 15%
increase over 2016 and an
all-time record.
$20 billion:
Debt fund returns outpaced those of
value-add and opportunistic funds by
respectively.
of institutional investors said they
will be targeting debt funds in 2018, compared
to in 2017, marking the highest
increase of any investment strategy.
the net deployment of active dry powder
by debt funds in 2017, marking the highest
growth of all fund types.
$18
billion
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41% and 31%,
27%
18%
Source: JLL Research, Prequin
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Explore the latest stats and drivers of activity:
Debt funds emerge strongly as lending originations from
life companies and balance sheet lenders soften