Capital raising dips but senior debt going strong Global private debt fundraising fell slightly last year, having fallen each year since reaching a high of $332.8 billion in 2021, according to the latest Private Debt Investor data. The total of $265.1 billion was below 2023’s figure of $272.7 billion as the decline begins to slow….
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
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
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA (M&A-Related vs. All Deals) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
North America Private Credit Default Rates to Stabilize in 2025 Click here to learn more. Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit Rating downgrades and default rates for Fitch’s North America Privately Monitored Ratings (PMR) portfolio could stabilize in 2025…. Subscribe to Read MoreAlready a member? Log in here...
Global PE exit activity Download PitchBook’s Report here. 2024 recorded just under 3,800 completed PE exits, for an aggregate of over $900 billion (including estimations)…. Subscribe to Read MoreAlready a member? Log in here...
Nearly 83% of total 2024 US institutional loan volume represented refinanced credits Arrangers of leveraged loan debt kept busy in 2024, raising nearly US$1.7trn of issuance during the year…. Subscribe to Read MoreAlready a member? Log in here...
What we learned about 2024 is that many worries identified by analysts and market observers came to naught. Rates, economic growth, and inflation – all areas of concern last January – are in good shape as 2025 rolls out. More robust job growth than expected (see our Chart of the Week) is just one example….
December’s job adds topped expectations, suggesting slower Fed rate cuts. Source: WSJ, The Daily Shot