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Private Equity Now – Impact on Fundraising (LP Perspective)

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We resume our discussion of the private equity liquidity crunch and its impact on fundraising, this time from the LP’s perspective. The supply/demand imbalance in the fundraising environment has shifted to favor LPs. This gives them greater GP access, longer diligence windows, and more negotiating power with LPA terms.  But many LPs, their investment programs…

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Debtwire Middle-Market – 12/2/2024

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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 10.9% as of 2 December) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

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PDI Picks – 12/2/2024

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Fundraising gathers momentum By the end of the third quarter of this year, capital raising was proving to be somewhat less challenging for private credit GPs. After a tough first quarter, private debt fundraising picked up the pace through the rest of 2024 to end Q3 just slightly behind the equivalent period in 2023. Q3…

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Private Equity Now: The Distribution Dilemma

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What remains to be seen are the longer-term, structural impacts of the distribution dilemma. We expect that investors who pull back from the asset class will miss out – as we have seen play out in other market disruptions. Out of current market complexity will emerge clear winners and losers. For LPs in particular, those […]

Private Debt Intelligence - 11/18/2024

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Private equity deal value rises above five-year average Read more in Preqin’s ‘Deal Flow Monitor: Q3 2024’ Private equity deal value in North America increased to $98.7bn in Q3 2023, exceeding the five-year average of $84bn, and accounting for 40.8% of all private capital deals in the region…. Subscribe to Read MoreAlready a member? Log

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The Pulse of Private Equity – 11/18/2024

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Healthcare services PE deal count by quarter Download PitchBook’s Report here. Within healthcare services, some of the areas that continue to see the highest levels of sponsor demand and interest, including medspa and outpatient mental health, also have a scarcity of platform-scale assets…. Subscribe to Read MoreAlready a member? Log in here...

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Debtwire Middle-Market – 11/18/2024

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Under pressure: leveraged loan defaults are spiking Annual loan defaults are soaring, with this year’s rate of 4.7% surpassing 4.5% seen during the economic slowdown in 2020 triggered by the advent of the pandemic. It also marks the highest default rate since the global financial crisis, when defaults peaked at 10.5%…. Subscribe to Read MoreAlready

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