Content hub
Explore private capital market trends, in-depth research from leading industry partners, expert interviews, live webinars, and educational videos — all in one place.
Featured Article
Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
SPACSs: Weighing the Benefits
Workers unwrapping the Christmas tree at Rockefeller Center last month found a little present. The 75-foot high Norway spruce from…
Libor floors remain in institutional market, but are lower in 4Q20
As the Libor rate remains at low levels, investors continue to demand Libor floors in the institutional market. The average…
SPAC Up the Truck
The value of initial business combinations (IBCs) produced by SPAC IPOs has reached unprecedented levels in 2020.
LBO deal flow drops sharply in 2020; fewer large transactions hits new money loan supply
Source: Debtwire Par As we approach the end of 2020, LBO financings have helped boost loan supply this quarter, with…
Average Unadjusted Leverage for M&A-Driven Loan Deals
Contact: Steven Miller
Private Debt Intelligence - 12/14/2020
Will Venture Debt go up in 2021? [wpdm_package id=’40743′] Venture debt is a type of debt financing provided to venture…
A New Year’s wish: More of the same
After a tumultuous year, private debt managers are hoping the strategies that have served them well so far will retain…
Loan Stats at a Glance - 12/14/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
SPACs: Colorful blank checks
For Thanksgiving the noted sommelier and “lifestyle director” Sara Lehman reviewed eleven wines – cabernets, pinot grigios and rosés –…
2021 prediction: 20% of buyouts over 20x
A bold prediction coming from our upcoming PE Outlook note: 20% of buyouts will be priced above 20x EBITDA. Our…
Over half of US CLOs report less than 1% of portfolio assets in default
Before COVID-19, 78% of post-crisis US CLOs reported less than 1% of their portfolio in default, 15% reported between 1%…
U.S Direct Lending: Purpose November 2020
Direct lending in November for buyouts surged to 47%, leveling the lopsided pull of add-on acquisitions that had dominated the…







SPACs – A Primer (Last of a Series)
As we wrap up our special series on SPACs, let’s take a look at the performance of these vehicles over…