News reached us from Harvard’s Astrophysics Center of an interstellar object of unknown origin spotted passing through our solar system. Named Oumuamua (Hawaiian for “scout”), the cigar-shaped “stadium-size” UFO demonstrated “excess acceleration” on its trek past the Sun and back out into space. Given the unusual trajectory, scientists theorized it could be “a fully operational…
Data suggests that loan recoveries are both facility and structure dependant.
The chart that never goes down Download PitchBook’s Report here. Between 2004 and 2008—considered by many to be the boom days of private equity—PE’s combined company inventory climbed 74% in the United States. Over the span of five years, in other words, the number of companies under PE control came fairly close to doubling. That was…
What Does the Future Hold for Private Debt? As it launches its Future of Alternatives report, Preqin has polled fund managers and investors to calculate predictions for the future of the industry in the next five years. The alternative assets industry is set to expand across all asset classes, with the private debt market set…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Downward price flexes increase for third consecutive month Despite the volatility in the equity markets and a recent softening in loan trading levels, the demand for institutional loans in the primary market was at full throttle in October. Investor appetite was evident in price flex activity. In October, there were 23 downward price revisions on…
Compare to a similar question we asked direct lenders last week…
Can today’s multiples withstand a downturn? Download PitchBook’s Report here. Middle-market purchase price multiples have nearly doubled since 2009. To be sure, most metrics and indicators have bounced back substantially from the crisis, and private equity is no exception. PE valuations have risen moderately from year to year, sometimes in fits and starts, and now stand…
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