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The Pulse of Private Equity - 4/9/2018

A closer look at private debt performance Download PitchBook’s report click here. As traditional PE strategies have become more crowded, the PE industry has seen a record-high expansion in private debt fundraising. Names like Thoma Bravo, BC Partners and Silver Lake have all branched out into the private debt space, following in the footsteps of…

Private Debt Intelligence - 4/9/2018

Private Debt: Slowdown in Q1 2018 The private debt industry had a banner year in 2017 in which 156 funds held a final close securing a record $115bn. This marked a significant increase from the previous record in 2015 when 178 funds raised a little over $100bn in capital. 2017 was also the only year…

Leveraged Loan Insight & Analysis - 4/9/2018

Middle market loan issuance falls off in 1Q18 to US$32.2bn After heating up in 4Q17 to US$44.1bn, middle market lending flopped in 1Q18. Syndicated middle market issuance of US$32.2bn fell 27% and 16% from 4Q17 and 1Q17 levels, respectively. A light flow of new money activity was felt in both the sponsored and non-sponsored market…

PDI Picks – 4/9/2018

No one ever got fired for buying IBM Investors appear to be adopting a ‘safety first’ approach as a decreasing number of managers benefit from continuing appetite for private debt. Excuse the rudimentary math, but if you take the total number of managers which closed private debt funds in the first quarter (28) and multiply…