Download PitchBook’s Report here. Private credit continues to dominate the number of buyout financings while lending from public business development companies (BDCs) suggests direct lending may have bottomed in H2 2023, but competition is increasing, leading to private lenders having to lower their prices to secure deals…. Subscribe to Read MoreAlready a member? Log in here...
Daily Analytic: Services and healthcare sectors see most loans added to non-accrual status in 1Q24 The weighted average non-accrual rate for public and private BDCs combined ticked down to 1.39% in 1Q24 from 1.50% in the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...
Arguments for the middle way A new report examines themes in the mid-market and finds optimism growing as investors seek to diversify. It has undeniably been a challenging few years for small and medium-sized businesses. But are the tides starting to turn? Recent data suggests earnings of mid-market firms are consistent with a consensus that…
Source: PitchBook LCDContact: Ryan BrownRyan.Brown@pitchbook.com
Lower earnings activity is not always synchronized with worse economic performance. Source: Nuveen Multi-Asset, Bloomberg monthly S&P trailing 12 month EPS YoY; National Bureau of Economic Research Economic Recession Indicator from Jan ’54 Mar ‘24(Past performance is no guarantee of future results.)
How challenging has it been to predict the next recession? An inverted Treasury yield curve, a reliable forecaster of the past eight consecutive downturns, has been signaling recession for almost two years. So far, the economy has failed to cooperate. While growth is slowing, and inflation along with it, expectations are broad of a solid…
This week we continue our series on best practices of top private credit firms with a look at how underwriting teams partner closely with their internal colleagues to ensure the most favorable execution for their sponsor clients and investors. Clear communications with private equity partners at the deal screening stage is essential. Quick and decisive […]
Shutting up shop: post-pandemic retail sector restructurings continue The COVID-19 pandemic triggered a significant transformation of the US retail landscape, fueling a dramatic shift in consumer behavior…. Subscribe to Read MoreAlready a member? Log in here...
Is an IPO revival in the pipeline? The IPO market ran cold in 2023 as high global interest rates, continued volatility, and poor after-market performance led companies to hold off, and wait for a more stable macroeconomic climate…. 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