Middle market loan issuance jumps 23% in 2017 to $170B Middle market lending heated up in 2017 and is poised to remain even hotter in 2018. Issuance hit $170 billion in 2017, up 23% from 2016’s weak levels. The sponsored market is driving most of the momentum as LBO issuance of $28bn hit the second…
Cash back into investors’ pockets from loan repayments almost offset cash deployed into new loans last year.
Average EBITDA Adjustment Cap for Synergies & Cost Savings Contact: Steven Miller
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…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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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