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
Waiting for the specialty wave There are reasons why you might expect esoteric strategies to garner more investor dollars, but it may not be straightforward. Our Investor Report 2024 shows no obvious change in limited partners’ appetite for different types of private debt strategy. Direct lending has long been in favour and appears to remain…
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 11.1% as of 29 August, versus 11.7% as of 5 August, highest YTD) that tracks the overall performance of publicly traded business development companies…
Platform LBO and growth equity as a share of all PE deals Download PitchBook’s Report here. In the second quarter of 2024, add-on transactions accounted for a significant 77.4% of all PE buyouts, marking an increase of 226 basis points over the 2023 average…. Subscribe to Read MoreAlready a member? Log in here...
Fitch’s Privately Monitored Middle Market Portfolio Overview, 2Q24 Click here to download report. In the charts that follow, Fitch presents aggregate data for MM companies, defined as in the area of $500 million of debt or $100 million of EBITDA or below, that it privately rates for asset managers…. Subscribe to Read MoreAlready a member?
Source: PitchBook LCDContact: Ryan Brownryan.brown@pitchbook.com
From a risk perspective, CLO defaults are rare; no AAA tranche in either US or European CLOs has ever defaulted. The historical default rate for all CLO tranches is just 0.11%, and none occurred post-GFC until 2021. Then only after portfolios had been partially weakened from loan credit quality issues emerging during the Covid-19 pandemic. […]
Fitch’s Privately Monitored Middle Market Portfolio Overview, 2Q24 Click here to download report. In the charts that follow, Fitch presents aggregate data for MM companies, defined as in the area of $500 million of debt or $100 million of EBITDA or below, that it privately rates for asset managers…. Subscribe to Read MoreAlready a member?
Private debt fundraising recovers toward trend Read more in Preqin’s Insights+ Report: Investor Outlook: H2 2024 Half of LPs surveyed in June for Preqin’s Investor Outlook plan to commit more capital to private debt over the next 12 months…. Subscribe to Read MoreAlready a member? Log in here...
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com