Private debt fundraising rebounds in Q2 2023 After weak figures in the first quarter of 2023, private debt fundraising has rebounded to levels more closely resembling the long-term trend. In the second quarter of 2023, 42 private debt funds closed, raising a total of $56.66bn…. Subscribe to Read MoreAlready a member? Log in here...
”The bond market is the most important market in the world. It is the backbone of all other markets.” – Ray Dalio, founder, Bridgewater. A recent Financial Time piece on bonds [link] reminded us of their long, proud history as well as their critical importance to the proper functioning of today’s global markets. The article…
Investment grade bond issuers are paying more, but activity remains strong.
Infrastructure seeks to weather the storm When the economy turns, infrastructure investment has often been seen as a safe harbour from tailwinds affecting other parts of the market. Infrastructure projects are typically long-term investments with government support, usually fulfilling essential needs which consumers cannot easily cut out of their budgets…. Subscribe to Read MoreAlready a
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
In early 2020, just before Covid came crashing down on our heads, we were in the middle of a Lead Left series called “Ten Top Myths About Private Credit”. Myth #5, published on February 20, was “No one uses mezzanine debt anymore.” We felt compelled, after a decade of increasingly aggressive senior and unitranche financings, […]
How are PE returns stacking up across private capital overall? Given the tumultuous market environment of the past 18 months and counting, how are the latest private capital returns looking? With preliminary data as of the end of March of this year, PitchBook’s latest performance figures help both confirm classic traits of private capital strategies’…
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Average Minimum Day-One Capped Basket Capacity, YoY (Past performance is no guarantee of future results.) Contact: Steven Miller