Platform LBO and growth equity deals as a share of all US PE deals Download PitchBook’s Report here. Growth equity continues to represent an outsized share of deals…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged Loan Survey Results: What do you expect for M&A/LBO deal flow in 2025 New year, new administration and improving US economic outlook have combined to bring a much needed boost to market psyche when it comes to hopes for new money deal flow in 2025…. Subscribe to Read MoreAlready a member? Log in here...
We now turn to the first of our five themes for the year ahead: “Still higher for longer: What slower rate cuts mean for private capital investors.” Let’s stipulate the Fed has pulled off the trickiest of landings: cooling down inflation while keeping the economy chugging along. With reference rates sliced by 100 bps from…
Three quarters of M&A activity in 2024 approached full-year volume for 2023. Source: PitchBook
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.7% as of 16 January) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…
LP caution, but secondaries is showing signs of life Our latest investor survey shows LPs reluctant to engage with credit secondaries – despite increasing signs of maturity in the market. On the face of it, the private credit secondaries market still has a long way to go. In the 2025 version of our Perspectives study,…
It is a clear win-win. GPs can customize the deployment and portfolio construction of their funds — particularly crucial in a limited exit world – juggling concentration risk and extending the deployment of their existing vintage. Likewise, LPs get access to advantaged deal flow in a highly cost-effective structure with the potential for outperformance. LPs […]
US Leveraged Loan Pricings Smashed Records in 2024 2024 was the year of the leveraged loan, with issuers piling into the market at record levels to reprice debt amid historically high interest rates and an attractive value proposition for investors…. Subscribe to Read MoreAlready a member? Log in here...
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