advent.com | info@advent.com Is Private Debt the New Hedge Fund? WHITEPAPER2 | Is Private Debt the New Hedge Fund? Private debt’s booming Its stable, attractive risk-return profile has seen assets under management triple in a decade—with the Alternative Credit Council (ACC) predicting the sector will reach $1 trillion by 2020. 1 The growing popularity of private debt (i.e. debt investments not financed by banks, and not issued or traded on an open market) contrasts with more widespread investor reservations about the cost- adjusted returns currently on offer from the hedge fund industry. So could private debt funds continue to gain on, and potentially supplant, hedge funds in the investor community’s alternatives toolbox? Private assets on the rise Preqin’s most recent fi

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