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Peter Gilman Quoted in Law360 on Private Debt Fundraising Trends
02.28.19
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Funds Partner Peter Gilman was quoted in a Law360 article titled “What The Drop In Private Debt Fundraising Means For Attys.” In the article, Peter highlighted that one of the reasons that the private debt fundraising market was not as strong in 2018 was the volatility in the broader markets, which led to limited partners seeking ways to cut their risk by allocating capital to fewer top performing established sponsors. “It is harder than ever for a first-time fund to raise capital,” Peter said. “This is true not only in private credit, but in alternatives generally. A strong track record is paramount to investors today, and it is very hard to raise capital without one as the 'flight to quality' and industry consolidation continue.”
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