This week we chat with Andrew Welch, managing director, Revelstoke Capital Partners. Revelstoke is a middle market private equity firm headquartered in Denver that focuses on building industry-leading companies in the healthcare and related business services sectors. The firm has about $1.0 billion of assets under management and, since the firm’s inception in mid-2013, has…
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Construction Delays Download PitchBook’s report click here. Last week we highlighted our recent buy-and-build research, which found, among other things, that PE hold periods are significantly impacted by add-on deals. On average, platforms with add-on acquisitions take about one year longer to exit versus bare-bones platforms. That, in turn, has helped pushed out PE holding…
So far in our healthcare series, we’ve shown a sampling of private equity and advisory perspectives. This week we get views from lenders in the sector. One specialist was instructive. “Healthcare remains local,” she told us. “Florida, for example, is a very different market than the rest of the country. This makes it tough for…
In February, LSTA EVP Meredith Coffey sat down with the outgoing LSTA Executive Director Bram Smith and the incoming LSTA Executive Director Lee Shaiman to discuss the last 10 years … and what is on deck for the next 10. Second of two parts – View part one. Meredith Coffey: Bram, today the institutional loan market…
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
North America: Centre of the fundraising world again Vehicles investing around the world raised more money, but North America is ascendant. Private debt is homing back to North America, potentially bringing an even greater influx of capital to the birthplace of the world’s largest private debt market. North America-centric vehicles were seeking $84.42 billion at…
Purchase price multiples for middle market buyouts in the healthcare have risen in the last four years.
Percentage of Loans with MFN Carveouts Contact: Steven Miller