There’s no better lens through which to examine the effects of the current economic environment than US middle market M&A activity. A wide range of indicators – volume, valuations, financing and sector rotation – were flashing in the wake of rate hikes, volatility, and economic headwinds… ▶︎ Read Jan 23 2023 newsletter: here ▶︎ Chart […]
Percentage of Loans that Cleared with the Least Protective Documentation Scores (5/5+/4-) (Past performance is no guarantee of future results.) Contact: Steven Miller
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Direct lending tops North America fundraising in 2022 As expected, North America was the most sought-after region for private debt in 2022, with $135.2bn raised by funds focused on that market. This is more than double Europe’s $62.1bn and over 12 times Asia’s $11.2bn…. Subscribe to Read MoreAlready a member? Log in here...
US LBO loan vol. (US$bn) and direct lending share of total Last year, when heightened volatility caused US syndicated LBO loan volume to retrench, the private credit space helped soak up some of the demand. US direct lending LBO volume totaled US$92.8bn in 2022, comprising a 45% share of overall US LBO loan volume, an…
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
LPs: over-allocated but still optimistic Our Perspectives 2023 study reveals some practical issues for investors but a determination to continue committing to private debt due to its strong performance. As we head through the early months of 2023, some 18 percent of limited partners currently describe themselves as over-allocated to private debt…. Subscribe to Read
After a deep-dive into the various elements of the M&A market last year, our panel of five top bankers told 650 registrants of our exclusive Lead Left Presents webinar that conditions for 2023 are beginning with “wait and see.” “We’re having daily conversations with clients about how long to wait,” one reported. ”What won’t change…
Small and mid-sized businesses generate most of US job creation.