Loan Stats at a Glance – 3/6/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
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Glasses Half Full (First of a Series)
Our friends at Lincoln International produce a superb report on private market insights from their valuations and opinions group. Derived from their database of hundreds of borrowers as part of their quarterly analyses for managers’ portfolio valuations, this data provides helpful guidance on a host of issues such as loan prices, purchase price multiples, and…
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Chart of the Week: Growing, Not Slowing
Companies are reporting better revenues and cash flows at different speeds.
Broadly Syndicated Loans: Warming Up
Our family winter break in Turks and Caicos last week was highlighted by two discoveries. First, neither of our daughters are particularly interested in water activities. And second, their all-inclusive meal mainstays, despite a world of delicacies, were chicken nuggets and cotton candy… ▶︎ Read Feb 20 2023 newsletter: here ▶︎ Chart of the Week: […]
The Pulse of Private Equity – 2/27/2023
Only 13% of LP dollars went to new PE firms Download PitchBook’s Report here. Only 13% of PE fundraising dollars went to inexperienced managers in 2022, according to PitchBook’s 2022 Annual Global Private Market Fundraising Report. That’s the smallest ratio we’ve recorded, though the 2020 ratio was similarly small (15%). The 2021 ratio was 17%. Before…
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LevFin Insights: High-Yield Bond Statistics – 2/27/2023
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Covenant Trends – 2/27/2023
Share of New-Issue Institutional Loans with a Pick-Your-Poison Provision by Quarter, PE-Backed vs All (Past performance is no guarantee of future results.) Contact: Steven Miller
Leveraged Loan Insight & Analysis – 2/27/2023
US private credit fundraising totals over US$35bn in 1Q23 1Q23 has been a busy one for private debt fundraising. Already this quarter there has been US$35.8bn of US middle market private credit fundraising, on pace to log the highest level since 2Q22’s US$51.4bn total. There has been a handful of multi-billion-dollar capital raises so far…
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