Once Red-Hot Private Debt Market Sees 41% Collapse In Fundraising Amid Virus Tumult

Back in January, JPMorgan's Nikolaos Panigirtzoglou noted that persistent underperformance from hedge funds over long stretches hasn't managed to derail the growth of private assets as a group. "Despite disappointing growth by the hedge fund universe, the total universe of private asset classes including private equity, private debt, institutional real estate and hedge funds, grew by 44% over the past five years, to an estimated $18 trillion at the end of last year, surpassing the 29% growth of