High Yield Debt Funds

High-Yield Debt Fundraising Trends (2006–2025)

This page summarizes two key fundraising metrics for high-yield debt funds from 2006 through year-to-date 2025: total capital raised, number of funds closed, and average fund size. The charts provide a factual view of how fundraising levels and fund structures have changed over time.

Exhibit 1: Capital Raised and Number of Funds Closed

This exhibit shows annual capital closed (blue bars) and the number of funds closed (green line). The two series indicate how fundraising volume and fund formation varied across cycles.

Exhibit 2: Capital Raised and Average Fund Size

This exhibit compares annual capital raised with average fund size (purple line). The data show how average fund sizes shift relative to total dollars raised.

These analyses are intended solely for academic purposes. No warranty or representation is made with regard to their accuracy.