Why is PE so optimistic? Download PitchBook’s Report click here. Our friends and clients in the PE industry are a cheery bunch. No matter how much we analysts fret about deal multiples or the tepid exit market, buyers and sellers find reasons for optimism. Exhibit A comes from our latest PE Deal Multiples Report, released…
Private Debt Fundraising in 2017 by Geographic Focus North America saw the highest levels of private debt activity in 2017, with 75 funds focused on the region raising a total of $67bn. This amounted to over half (55%) of private debt funds closed, and the region made up 63% of capital raised. Although this is…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
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Is private equity at full capacity? Download PitchBook’s Report click here. 2017 may have been a watershed year for private equity. 2009 certainly was: for all the discussion about PE’s recovery post-crisis—a record seller’s market, record dry powder levels, another big fundraising boom—the number of new entrants slowed to a crawl in 2009 and never…
2017 US Syndicated loan volume tops US$2.5Tr to set new record Despite the din of geopolitical noise in the background, 2017 was a remarkably steady year in the loan market, punctuated by an especially strong finish in the last few weeks of 4Q17. At US$2.5Tr, full year 2017 US syndicated loan volume was up 26%…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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…
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller