Defaults in Fitch’s Private MM Portfolio Tick Higher Following a sharp increase in 2020 and 2021 due to the pandemic, defaults were largely subdued in 2022 in Fitch’s private middle market portfolio… Subscribe to Read MoreAlready a member? Log in here...
Year-to-Date Default Volume, Count Contact: Kelly ThompsonKelly.thompson@kbra.com
We conclude our current private debt world tour with stops last week in Geneva and Zurich.As was the case with our previous visits in various overseas capitals, investors shared similar concerns about the world of volatile… ▶︎ Read June 5 2023 newsletter: here ▶︎ Chart of the Week: here (by Trading Economics) (Any “forward-looking” information […]
Strong fundraising among secondaries Download PitchBook’s Report here. Secondaries fundraising is off to a strong start in 2023, according to PitchBook’s Q1 2023 Global Private Market Fundraising Report. With $30.7 billion raised through Q1, secondaries fundraising is already two-thirds as high as all of 2022, which was a strong year itself…. Subscribe to Read MoreAlready a
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
When we began our career in the middle market four decades ago, we could not have anticipated its transformation to private debt, the hottest asset class in capital markets. Back then being a lowly vice-president dedicated to smaller, non-public, non-rated, non-traded loans on the global syndicated finance desk at the great JP Morgan (then Chase…
Recent GDP growth in Switzerland has slowed considerably over the past five quarters.
Direct lending dominates private debt funds in market Despite a tough financial environment, private debt continues to attract capital. This comes as no surprise given that over 80% of investors expect to commit more or the same amount of capital to private debt over the next 12 months, according to Preqin’s Investor Outlook Alternative Assets…