LPs still hungry for the asset class Our newly published investor survey reveals some concerns but a lot of support for private credit. Investor confidence in private debt is strong in the early months of 2025. Our LP Perspectives survey – published in full last week – reveals that more than half (57 percent) of LPs want…
Investors stick to less risky debt strategies Read more in ‘Private Debt Q4 2024: Preqin Quarterly Update’ Private debt fundraising was at a five-year low in 2024 despite continued investor satisfaction with the asset class’ performance, with 59% saying that investments had met expectations and a further 28% stating they had been exceeded…. Subscribe to
Record Month of January Sets Pace for a Busy 2025 January’s $186b of US institutional leveraged loan issuance was up $45.7b for an increase of 32.6% from the same month a year ago, making it the busiest January on record since Bloomberg began tracking the data in 2013. It amounted to the second busiest month…
Fitch U.S. MM CLO Spotlight – December 2024 Click here to learn more. In the charts above, Fitch presents aggregate data for issuers in its Privately Monitored Ratings (PMR) portfolio. Fitch privately rates these issuers for asset managers…. Subscribe to Read MoreAlready a member? Log in here...
Carveouts/divestitures as a share of all US PE buyouts by quarter Download PitchBook’s Report here. Carveouts accounted for 11.8% of all US PE buyouts in Q4 2024, a sequential quarterly increase…. Subscribe to Read MoreAlready a member? Log in here...
Daily Analytic: Unitranche spreads tighten sharply over the last year Unitranche pricing tightened significantly over the course of 2024, moving steadily lower in the first nine months of the year before edging higher in 4Q24…. Subscribe to Read MoreAlready a member? Log in here...
Real estate’s silver lining It’s an area of investment that hasn’t had the best headlines in recent times, but debt providers believe there are good opportunities beckoning. Fundraising for real estate debt-focused funds fell 17 percent year on year between 2023 and 2024, according to Private Debt Investor data, with market onlookers citing a lack…
2025 Kicks off with Record Wave of Leveraged Loan Launches At approximately $199.4b through January 29th, the new year has picked up right where 2024 left off in terms of record levels of US institutional leveraged loan launches. That amounts to a new record after surpassing December 2024’s $187.9b, as issuers have continued to pile…
Fitch U.S. MM CLO Spotlight – December 2024 Click here to learn more. Exposure to assets with Fitch IDRs or credit opinions of ‘CCC+’ or below, excluding non-rated assets, has slightly decreased since last quarter and the same period last year, now standing at 18.5%, down from 19.3% last quarter and 18.9% last year…. Subscribe
US industrials PE deal activity Download PitchBook’s Report here. Industrials PE activity was relatively strong in 2024, with industrials seeing an estimated 1,799 deals and $135.8 billion in deal value—accounting for 21.2% of total deal activity by deal count during the period, compared with an average of 24.5% of total deal activity over the past five years…. Subscribe to Read