Direct-lending strategy funds raised a total of about $10.7 billion in funds completed during the first quarter, the lowest quarterly amount recorded in the past three years, according to data compiled by With Intelligence, an alternative investment research provider owned by S&P Global.
After seven consecutive quarters of direct lending fundraising that surpassed $20 billion, the strategy has seen a dramatic slowdown, falling from $27.7 billion during the final quarter of last year, according to the firm.
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