Oil & gas fundraising activity Download PitchBook’s Report here. Of the six oil & gas funds to close through Q3, three funds raised over $500 million. The largest fund, Carnelian Energy Capital V, raised $975 million, followed closely by EnCap Flatrock Midstream Fund V on $931 million, though this was well below its $3 billion target…
CLOs ramp to new heights in ’24, new issuance tops US$186bn thanks to bustling November US CLO new issuance totaled US$25.2bn across 54 vehicles in November, marking the busiest month of the year and the second highest monthly tally on record for the asset class…. Subscribe to Read MoreAlready a member? Log in here...
Private debt’s emerging manager problem New GPs face a tough task to attract investor interest, but there are ways of maximising prospects. It feels somewhat Scrooge-like to point it out at this time of year but, for emerging managers, goodwill appears to be in short supply. In our LP Perspectives study – to be published…
In recent years, private equity secondaries have bloomed from a cottage industry, extending back to the 1980’s, to an essential part of the private equity ecosystem. For much of the market’s existence, secondary transactions carried an unsavory stigma. Sellers were seen as distressed, and the resulting sale signaled the end of the GP/LP relationship. Neither […]
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthal eric.rosenthal@kbra.com
US leveraged loan issuance tops US$172bn in November, pushing ’24 issuance to record heights US leveraged loan issuance exceeded US$172bn in November, notching an 18% gain over October’s US$146bn pipeline and more than tripling last November’s deal flow of nearly US$50bn…. Subscribe to Read MoreAlready a member? Log in here...
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Distribution of MFN Sunset Horizons (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Competition to Pressure BDCs’ Deal Terms, Credit Performance in 2025 Click here to learn more. The competitive underwriting environment for business development companies (BDCs) will continue in 2025, with spread pressure, interest rate cuts and the potential for rising non-accruals driving weaker earnings and dividend coverage metrics across the sector…. Subscribe to Read MoreAlready a
PitchBook indexes: PE funds rolling one-year horizon IRRs by size Download PitchBook’s Report here. The one-year IRR decreased back to single digits in Q1 2024, coming in at 8.7% for the asset class globally, well below its 14.2% average since 2009…. Subscribe to Read MoreAlready a member? Log in here...