Private equity fund investors turn to debt-like deals in downturn

Investors in private equity funds are increasingly turning to creative debt-like deals to generate cash amid a dearth of payouts, as the sector’s dealmaking downturn stretches on. Backers of buyout funds agreed $9bn worth of “alternative”, structured transactions last year to bring in cash from their stakes in the vehicles, up from $6bn in 2024, investment bank Jefferies told the FT. READ MORE