Investors are increasingly committing to private debt funds on the advice of top investment consultants, according to Private Credit Fund Intelligence’s first-quarter report on consultant activity.
Nine out of the ten top consulting firms, measured by total client commitments, advised on at least one private debt mandate in the past 12 months, resulting in private debt comprising 12 percent of all consultant-led allocations, according to the report, which was released on Tuesday. Private debt commitments advised by the top five private debt consultants Cambridge Associates, Meketa Investment Group, Versus Investments, NEPC, and Callan had increased in volume by 44 percent over the same period, PCFI said.