European private debt funds had a blockbuster 2015, raising a record amount of cash and completing a record number of deals – and that bonanza looks set to continue into 2016, according to two new reports.

Debt funds were increasingly active on the deals front in 2015, with the number of transactions completed in Europe hitting 242, a 9% rise on the 222 deals completed the previous year, according to the Deloitte Alternative Lender Deal Tracker, which was published on March 17.