Private debt investors’ rising concerns over interest rates The US Federal Reserve approved a 0.25 percentage point interest rate hike on March 16. Private debt investors are protected from the negative consequences of rising interest rates by floating rate agreements. However, rising rates also increase default risk which can fundamentally damage portfolio performance…. Subscribe to
Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
How big of a unitranche could we see this year? The “mega-unitranche” reached new scale in 2021, as private lenders’ capacity to finance large transactions continued to increase. Unitranche loan issuance exploded to US$151bn in 2021, from US$41.5bn the prior year. This included US$86bn of large corporate unitranches, up from US$18bn the prior year…. Subscribe
A big year for the middle market Download PitchBook’s Report here. Like the broader PE landscape, the US middle market was well into record territory in 2021. According to PitchBook’s just-released 2021 Annual Middle Market Report, more than 4,000 deals were struck for the first time. It was also the first time deal flow eclipsed 3,000…
Increased focus on #ESG has mirrored the rise of private credit as an established asset class. This may not be a coincidence. The examination of environmental, social and governance factors as part of risk management has a long history in private credit given its illiquid nature… ▶︎ Read Mar 7 2022 newsletter: here ▶︎ Chart […]
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Why large-scale distress may be back in fashion For big distressed debt funds, identifying sufficient dealflow has been a challenge. But do such investors now have a ‘perfect storm’? With the world in a state of flux, it seems an appropriate time to revisit the distressed market and see whether there is a sense that…