This week we chaired Day One of SuperReturn’s Private Credit US conference in New York. It’s a measure of the popularity of the asset class (and the outstanding agenda) that the auditorium was standing room only. Not including other SuperReturn strategy sessions on another floor. In preparing for the opening keynote, we gave thought to…
PE’s share of M&A at a high point Download PitchBook’s Report here. Private equity’s share of overall M&A is trending toward a record high, according to PitchBook’s Q3 2023 Global M&A Report. Through Q3, PE is accounting for 42% of all global M&A, about a percentage point higher than the record…. Subscribe to Read MoreAlready a member?
After our stop in Stockholm last month to visit investor clients with our Nuveen and Arcmont colleagues (and after our scheduled meetings in Finland were postponed by a baggage handlers’ strike at Helsinki-Vantaa airport), we gathered at Copenhagen’s Hotel d’Angleterre for an event showcasing alternative strategies… ▶︎ Read October 23 2023 newsletter: here (Any “forward-looking” […]
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.5%) that tracks the overall performance of publicly traded business development companies (BDCs, lenders to privately held middle-market businesses that tend to be below investment…
Fitch’s Privately Monitored Middle Market Portfolio Overview, 3Q23 Fitch projects EBITDA leverage for 2023 to be around 6.0x, down slightly from 6.3x in 2022…. Subscribe to Read MoreAlready a member? Log in here...
Percentage of Loans with an MFN Sunset (Past performance is no guarantee of future results.) Contact: Steven Miller
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.)Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Tracking the number of new participants in private debt This year will see the most US first-time funds in a decade, with 35 funds closed or in market as fund managers look to capitalize on demand for private debt (PD). Most of these… Subscribe to Read MoreAlready a member? Log in here...
Year-to-Date Default Volume, Count Contact: Eric Rosenthaleric.rosenthal@kbra.com