The Bank of England has issued a warning over the proliferation of private credit and more esoteric financing strategies within the private markets, Private Equity International reports. PE's difficult fundraising environment hasn't materialized into a spate of extensions - at least, not yet. Speaking at Goodwin's Annual Funds Update event in London on Tuesday, Private Equity partner Ed Hall said that though "a lot" of GPs are reaching the end of their fundraising periods, many of these have accepted that they will close their funds on "a little bit less" than expected. Some are "cutting their losses and taking the view that they're better off, perhaps, if they're either spending slower, or using more co-investment, or finding ways to keep that smaller fund going," Hall said.