Covenant Trends – 6/5/2023
Distribution of MFN Sunset Horizons (Past performance is no guarantee of future results.) Contact: Steven Miller
TheLeadLeft
Leveraged Loan Insight & Analysis – 6/5/2023
US syndicated sponsored middle market loan volume totals US$4.3bn in 2Q23 Sponsored-related activity in the loan market has been slower in recent quarters as higher interest rates and tightening lending conditions has made it more difficult for private equity shops to execute on M&A deals. Private credit continues to take a much larger share of…
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Letter from Switzerland
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 liquid markets and the relative stability and value in private markets. And as was the case with other…
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Chart of the Week: Swiss Miss
Recent GDP growth in Switzerland has slowed considerably over the past five quarters.
Private Debt Intelligence – 6/5/2023
Manufacturing leads private debt deal numbers in North America Manufacturing is currently leading by number of deals in North American with private debt finance. As of June 2023, Preqin has recorded 19 manufacturing deals, leading the next largest sector, e-commerce, which has seen 11 deals completed. Aggregate deal value in the sector reached $4bn, which…
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Loan Stats at a Glance – 6/5/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
The Pulse of Private Equity – 5/29/2023
Seeking Fund VII or greater Download PitchBook’s Report here. Yet another piece of evidence about today’s fundraising challenges—more than half of 2023 dollars have been committed to funds VII or greater. According to PitchBook’s Global Private Markets Fundraising Report, 56% of PE fund closings this year have gone to the seventh, eighth, ninth or tenth funds…
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Letter from Seoul (First of Two Parts)
Our APAC tour continued last week with a stop in Seoul, South Korea. There our investors, partners, associates, and friends were eager to hear our message on markets and how private credit fits into the current climate… ▶︎ Read May 22 2023 newsletter: here ▶︎ Chart of the Week: here (by Bloomberg, The Daily Shot) […]
