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Private debt fund managers closed 200 funds raising an aggregate of $118bn in 2020 Monday, February 08, 2021 Laxman Pai, Opalesque Asia: In 2020, private debt fund managers closed 200 funds raising an aggregate of $118bn. This is slightly below the 223 funds closed and $132bn secured in 2019, according to 2021 Preqin Global Private Debt Report. Although slightly below 2019 totals, fundraising was robust over 2020 - 200 funds closed raising an aggregate $118bn. Capital concentration intensified, with the 10 largest funds raising 39% of the total, up from 31% in 2019, the report said. Private debt assets under management (AUM) continued to grow despite the global pandemic. As of June 2020, AUM stood at $887bn, making private debt the third-largest private capital asset class, behind only private equity and real estate. ....