Investec survey shows private equity relying more on private debt

Private debt funds have plenty of dry powder to deploy. As they lend more to sponsors and to non-sponsor owned companies, banks must respond.

In July, Investec released its latest GP Trends survey based on responses from 219 private equity professionals, mostly based in the UK, North America and mainland Europe, with 11% in the rest of the world.

It confirms the optimism evident in record-breaking deal activity.

“Private equity had raised a lot of money and was behind the curve in deploying it,” says Jonathan Arrowsmith, co-head of private equity at Investec. “Funds started to invest in the second half of 2020, and that dynamic is still very much in play.

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