Private Credit Fund Inflows Fall 45 Percent in First Quarter

New investment in private credit funds for wealthy individuals fell to 8.9 billion dollars in the first quarter. Investors shifted capital into real estate.

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New capital flows into private credit funds tailored for wealthy individuals experienced a significant decline in the first quarter of 2026. Data released by investment bank RA Stanger on Wednesday indicates that fundraising for non-traded business development companies (BDCs) fell by 45% compared to the same period in 2025. Total sales for these vehicles reached $8.9 billion, a sharp drop from the $16.3 billion recorded during the first three months of the previous year.

A street sign on Wall Street located near the New York Stock Exchange in Manhattan. REUTERS/Lucas Jackson/File Photo
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