Private credit, which has been among the strongest-performing asset classes since the start of 2021, continued to outperform private equity during the second quarter of 2024 according to data from MSCI.
Senior-debt, mezzanine-debt and distressed-debt funds each returned between 2.1% and 2.5% during the quarter, the data found.
Venture-capital funds declined 0.4% after posting negative returns for eight of the last 10 quarters since their 2021 peak. Buyout and expansion-capital funds posted positive quarterly returns of 1.2% and 1.5%, respectively.
Real-asset funds continued to show mixed performance. While natural-resource funds posted a positive return of 2.4% and infrastructure funds returned 2.1%, real-estate funds registered their ninth consecutive quarterly decline amid continued challenges relating to interest rates and office use.
