Seventy-two percent of institutional investors recently surveyed by data provider Preqin said they expect to allocate fresh capital to direct-lending funds in the next 12 months. That amount is up from the current 55%.
Plans for capital allocation among mezzanine and distressed debt funds appear little changed from current exposures. Now, 67% and 64% have exposure to mezzanine and distressed debt funds, respectively; over the next 12 months, 66% said they plan to allocate new capital to each of the fund types.
