In Private Debt Investor, Laurel FitzPatrick Discusses US Private Credit Fundraising Momentum and Retail Vehicles

In a Private Debt Investor article, asset management partner Laurel FitzPatrick commented on continued strength in US private credit fundraising and the evolving role of semi-liquid and retail structures.

“We continue to be really busy and our clients were very actively fundraising in the first half of this year. For classic closed-end direct lending vehicles, managers are still out there trying to raise a lot of capital and the LPs continue to commit to credit,” Laurel said.

She noted increased focus on retail alternatives and evergreen structures. Looking ahead, Laurel added: “There may have been a bit of a slowdown at the end of 2024, but the first two quarters of 2025 have been extremely busy. Institutional investors still have a lot of money to put to work and private credit continues to grow dramatically, with both new LPs coming into the asset class and existing allocators increasing their exposure.”