What remains to be seen are the longer-term, structural impacts of the distribution dilemma. We expect that investors who pull back from the asset class will miss out – as we have seen play out in other market disruptions. Out of current market complexity will emerge clear winners and losers. For LPs in particular, those […]
Private equity deal value rises above five-year average Read more in Preqin’s ‘Deal Flow Monitor: Q3 2024’ Private equity deal value in North America increased to $98.7bn in Q3 2023, exceeding the five-year average of $84bn, and accounting for 40.8% of all private capital deals in the region…. Subscribe to Read MoreAlready a member? Log
Healthcare services PE deal count by quarter Download PitchBook’s Report here. Within healthcare services, some of the areas that continue to see the highest levels of sponsor demand and interest, including medspa and outpatient mental health, also have a scarcity of platform-scale assets…. Subscribe to Read MoreAlready a member? Log in here...
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthal eric.rosenthal@kbra.com
Under pressure: leveraged loan defaults are spiking Annual loan defaults are soaring, with this year’s rate of 4.7% surpassing 4.5% seen during the economic slowdown in 2020 triggered by the advent of the pandemic. It also marks the highest default rate since the global financial crisis, when defaults peaked at 10.5%…. Subscribe to Read MoreAlready
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
Percentage of Loans with Asset Sale Sweep Step-downs (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Fitch’s Privately Monitored Middle Market Portfolio Overview − 3Q24 (Part 3) Click here to download report. In the charts above, Fitch presents aggregate data for Middle Market companies that it privately rates on a monitored basis for asset managers, defined as:… Subscribe to Read MoreAlready a member? Log in here...
A flurry of new leveraged loans hit the market post elections and in run up to year end After a brief pullback in the institutional calendar in the week leading up to the US election, lenders have tapped the market with a flurry of deals…. Subscribe to Read MoreAlready a member? Log in here...
The absence of realizations has hampered distributions to LPs. Source: Burgiss/MSCI(Past performance is no guarantee of future results.)