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CMA
March 16, 2018  

Dry Powder at Debt Funds Hits Record High

The amount of equity raised by active debt funds has soared by 21% over the past year, to a record $50.7 billion, leaving their operators with a hoard of capital to invest. So far, the fund managers have invested less than one-quarter of the total. So they have a record $39.2 billion of dry powder, up 14% from a year ago and more than double the level just three years ago, according to an annual review of high-yield real estate funds by sister...


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