TheLeadLeft

PDI Picks – 4/3/2023

Direct lending on the rise in Asia-Pacific The strategy is outshining distressed debt in the region, but fundraising for all types of private debt may be more challenging over the next year. Last week saw the Fairmont Singapore play host to our 2023 APAC Forum, with a record number of delegates keen to discuss the…

Letter from Singapore (Part One)

In our second visit to Asia this month, we again found both variety and vitality of interest among managers and investors in private markets. Two stellar industry conferences in Singapore, the PDI’s APAC Forum and Asian Private Banker’s Alternatives in Focus, headlined speakers from top global and regional shops. Attendees were, at PDI’s event, leading…

Banks and Private Credit

As we continue our series examining the effects of interest rates and a potential recession on private credit, we now need to add bank failures. Economic and market indicators – Treasury spreads, the forward curve, asset prices, to name a few… ▶︎ Read Mar 20 2023 newsletter: here ▶︎ Chart of the Week: here (by […]

The Pulse of Private Equity – 3/27/2023

Looking ahead to Q2 Download PitchBook’s Report here. Q1 is drawing to a close. PitchBook’s updated US PE Breakdown will be released in about two weeks (our 2022 Annual Breakdown is available here), but in the meantime, there’s building sentiment for another down quarter. In his email this morning, Dan Primack was dripping with anticipation about…

Leveraged Loan Insight & Analysis - 3/27/2023

BDC AUM climbs to US$273bn BDC market growth expectations slowed in 1Q23, with the majority of respondents (58%) in the Refinitiv LPC Quarterly BDC Survey forecasting that assets under management (AUM) will finish 2023 in the US$275bn-300bn range. Another one-third of survey participants predict that BDC AUM will end the year in the US$300bn-plus range,…