Dealmaking steady, fundraising slows Download PitchBook’s Report here. PitchBook’s Q2 2022 US PE Middle Market Report is now available. All things considered, dealmaking was stout in H1. Over 1,600 transactions were finished, with $228.2 billion invested in the process. Both figures are strong relative to prior years, except 2021. At this pace, the middle market is…
BDC share price-to-book value remains above recent lows BDC share price-to-book values have bounced around recently, impacted by shifting investor sentiment. The average share price-to-book value is at 0.91x as of September 9, down from 0.95x in mid-August but is still up from a recent low of 0.80x in June. There are wide variations in…
Percentage of First-Lien Loans Clearing with Key Covenant Terms by Quarter (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
Ups and downs in the US Some of the key talking points from our recent roundtable Amid rising interest rates and an inflationary environment, US private debt professionals are able to look on the bright side. Participants in a roundtable, forming part of our recent US Report, pointed out that rising rates translate to an…
We all have a few sad childhood memories. One of ours was coming home for Thanksgiving freshman year to discover our younger brother had traded away our baseball card collection. We gave him a shoebox full of Topps stars that summer. He traded to a friend for a set of Hot Wheels® cars… ▶︎ Read […]
Our keynote address at this week’s SuperReturn US Private Credit conference allowed us to share a reconsideration of the impact of rate hikes and quantitative tightening on capital markets and private credit. This special series will further develop that thesis. For over a decade, including through Covid, the tide of capital has flowed mostly in…
High-yield issuance down to a crawl amid Fed’s rate uplift and recession fears.
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com