1Q-3Q23 US Syndicated ABL volume up 5% to US$127.0bn US syndicated ABL volume was up 5% to US$127.0 billion during 1Q-3Q23. The first nine months of 2023 set a new high for the US ABL market, however, a significant portion was completed during the first half as borrowers adopted SOFR based constructs. Only US$12.9 billion…
A historically slow exit market Download PitchBook’s Report here. PE exit activity resumed its downward trend in Q3, according to PitchBook’s Q3 US PE Breakdown. $44.1 billion was exited last quarter, the lowest quarterly total in ten years, exempting the COVID quarter of Q2 2020. While that’s very low, it could also be a bottoming out….
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) (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
APAC-focused private debt fundraising moderates after blockbuster fund closes Aggregate capital raised by APAC-focused private debt funds fell in 2023 amid uncertainties around interest rates. Fifteen funds raised $3.2bn to date this year, in contrast to 2022, when 41 funds raised $11.7bn, and 2021, when 42 funds raised $10.6bn…. Subscribe to Read MoreAlready a member?
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%) that tracks the overall performance of publicly traded business development companies (BDCs, lenders to privately held middle-market businesses that tend to be below…
Year-to-Date Default Volume, Count Contact: Eric Rosenthaleric.rosenthal@kbra.com
Industrial activity in Sweden surged in August, thanks to higher car and truck production. Source: The Daily Shot / OECD(Past performance is no guarantee of future results.)
Source: Pitchbook LCDContact: Marina Lukatskymarina.lukatsky@pitchbook.com