During the past three years, the percentage of debt funds versus equity funds reaching a final close has crept up from 8.8 percent in 2014 to 13.3 percent in 2016. The percentage of capital raised by these funds compared to equity funds, however, has remained relatively steady — starting at 7.2 percent in 2014, rising to 8.6 percent in 2015 and then falling back a bit to 7.8 percent in 2016. YTD 2017, however, is throwing a wrench into the narrative.