We began our special series by dispelling the notion that privates should mimic publics. This week we tackle: Myth 2: Private equity valuation processes lack objectivity and transparency, which inflates values compared to public counterparts. For help we turn again to Ron Kahn, Lincoln International’s head of valuations. Lincoln recently published an excellent article, “Three…
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Lenders must rise to the ESG challenge From being seen as non-participants, debt providers are these days seen as having a crucial role to play in driving responsible borrower behaviour. Long gone are the days when lenders were considered backseat drivers, with little to add to the debate on how borrowers should be engaging with…
KBRA DLD tracks 214 deals in 1Q23 across U.S., Europe KBRA DLD tracked 214 direct lending deals in the first quarter across the U.S. and Europe. Even though Europe’s direct lending universe is much smaller than the U.S., the region’s count didn’t lag by much. Our tally drew 95 deals for Europe versus 119 in…
Besides private credit, there’s growing volume in Singapore around private equity, real estate, and even venture capital. And investors there are researching specialty finance areas such as royalty financings, asset-backed, aviation, and legal settlement… ▶︎ Read Apr 10 2023 newsletter: here ▶︎ Chart of the Week: here (by IMF World Economic Outlook and IMF staff […]
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Source: VanEck BDC Income ETF and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the current dividend yield of the *VanEck BDC Income ETF (BIZD) that tracks the overall performance of publicly traded business development companies (BDCs, lenders to privately held middle-market businesses that tend to be below…