Distressed debt funds find opportunities in North America The amount of dry powder available for distressed debt in North America has returned to pre-pandemic levels. Dry powder in the strategy dropped to $67.2bn as of September 2022, down from $71.5bn in 2021. The proportion of available capital to unrealized value has declined from 42% of…
US institutional volume wanes in wake of bank failures US institutional loan volume has waned after the failures of Silicon Valley Bank, Signature Bank and Credit Suisse rattled financial markets last month. Prior to that, institutional volume was on the rise, peaking during the week of February 27… Subscribe to Read MoreAlready a member? Log
Q1: A mixed verdict Download PitchBook’s Report here. 2023 started with mixed results. According to PitchBook’s just-released Q1 2023 US PE Breakdown, deal flow slid 9% while deal value rose about 11%. Both figures are ahead of pre-Covid levels, but post-Covid trends continue to decline…. Subscribe to Read MoreAlready a member? Log in here...
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
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. Fundraising for APAC private debt amounted to $14 billion in 2022, a rather modest figure compared to US and Europe, but…
Asia’s non-China share of global growth is increasingly from India and the rest of APAC.
The return of distressed debt Special situations are emerging as a key fund focus in the 2023 mid-market, as managers respond to growing signs of distress driven by macroeconomic conditions. Interviewed for our PDI Mid-Market Lending Report 2023, Ed Testerman, a partner at New York-based fund manager King Street Capital Management, told us there are…