TheLeadLeft
Private Credit – Why Now? (First of a Series)
In recent weeks we’ve devoted considerable space to how the Fed’s Great Unwind and rate hikes have impacted the economy, capital markets, and private credit. We’ve also examined the backdrop for growth (or recession). Our economist friends have helped sift data to guide investors on where US and global economies are headed. Finally, we’ve analyzed…
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Chart of the Week: Double-Digits
Higher spreads and increasing benchmark rate has pushed leveraged loan yields to 10%.
PDI Picks – 11/7/2022
Priorities for the future PDI’s recent Future of Private Debt report highlighted a number of key issues raised by sources in the market. Here’s a selection of them. LPs want more flexibility in terms of fund structures: Fund managers report that investor appetite for more flexible open-ended fund structures in private debt is gathering pace….
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Loan Stats at a Glance – 11/7/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
The Pulse of Private Equity – 10/31/2022
Exit volume decline continues Download PitchBook’s Report here. Third quarter exit volume hit its lowest point since Q2 2020, according to the Q3 US PE Breakdown. So did exit value, for that matter. All told, an estimated $293 billion has been sold off this year, which actually stacks up well against prior years. 2019, a healthy…
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Leveraged Loan Insight & Analysis – 10/31/2022
US LBO purchase price multiples dropped in large corporate market last quarter As concerns about the potential for a recession continue to cause heightened volatility across the market, more focus is put on enterprise valuations. Last quarter, LBO purchase price multiples in the large corporate syndicated market declined to 10.8x, the lowest since 4Q18. Of…
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Rates and the Global Outlook
We wrap up our unpacking of the rich content delivered by our three top economists in last month’s exclusive webinar by looking at global policies. With the exception of Brazil the Fed is way ahead of other central banks in its quantitative tightening and rate hike program. The ECB is “dithering” and the BOE not […]
