Introducing the AIC Quarterly Private Credit Trends Report
Report provides the latest data on private credit activity, including deal volumes, fundraising levels and return rates
New video previews key report insights
Washington, D.C. – The American Investment Council (AIC), the premier trade association in Washington for the private investment industry, released its first Private Credit Trends Report today. The report – which will be published quarterly – will feature the latest data and insights on private credit activity, including deal volumes, fundraising levels and return rates.
For over a decade, the AIC has published quarterly trends reports on private equity, serving as an invaluable resource for investors, policymakers, reporters and industry experts. AIC is proud to extend this reporting to the private credit industry and support informed decision-making across the sector.
“AIC members are leaders in the private credit industry and are delivering essential financing to companies across America,” said AIC President & CEO Drew Maloney.“We’re excited today to launch our new report that will provide the industry and policymakers with the latest information about trends in the market. This report is another step the AIC is taking to ensure that more people in Washington value the essential role private credit plays in the American economy.”
AIC’s members represent two-thirds of all private credit assets under management in the United States.
AIC released a new video on the key insights from the Q1 2024 report, including:
- In the first quarter of 2024, private debt funds raised $18 billion from investors with an average fund size of $1.3 billion.
- In the first quarter of 2024, private debt funds issued at least 133 loans to companies in the U.S. The median loan size for these financings was $70 million.
- The largest deal of the first quarter was MB2 Dental, which received a $2.34 billion term loan to fund future acquisitions.
- Direct lending continues to be the largest private debt strategy with $241 billion in assets under management at the end of 2023. Consumer discretionary companies received the most capital from private debt funds in Q1 2024.
- Private debt funds have posted strong returns over long- and short-term time horizons. In fact, the returns on these investments have far exceeded those of high-yield bonds, leveraged loans, and other fixed income instruments.
- US CLO Activity was $9.8 billion in April 2024, down from $15.5 billion in March 2024.
The full report can be found here. The Private Credit Trends report will be posted on the AIC website here.
