How does the US middle market characterize the quality of 3Q23 deal supply? Finding quality opportunities to put money to work has been one of the main challenges faced by middle market lenders this year. However, it seems that things could be improving on this front. When asked how they would characterize the quality of…
Q3 private debt fundraising in North America hits twelve month high Aggregate capital raised in North America has hit $34.8bn in Q3 year-to-date (YTD), the highest it has been since Q2 2022, which achieved a near record breaking $52.8bn. The number of funds closed during the third quarter so far remains average for the year…
Fundraising down, but hopes are up Private debt looks well placed to prosper, despite what has been a difficult period for investors. Three years ago, Private Debt Investor launched a cross-asset class survey called the Fund Leaders Survey comprised of more than 100 senior buyout, growth, private debt, venture capital, real estate and infrastructure executives….
Middle market deal activity Download PitchBook’s Report here. The middle market is humming along, according to PitchBook’s latest US PE Middle Market Report. Through June, about $214 billion has been invested across 1,635 deals. Both figures are slightly under last year’s pace but still ahead of the pre-COVID years. Middle market companies are being wooed by…
What matters in the US Our recent US Report highlighted five key themes in the world’s largest private credit market. 1. Fundraising has slowed to a seven-year low: The latest Private Debt Investor fundraising data shows just 84 credit funds raised globally in the first half of 2023 (see chart). This was the lowest number…
US downward price flexes soar in 3Q23 The US institutional loan market continues to gain momentum as investor appetite remains strong. This is evident in flex activity…… Subscribe to Read MoreAlready a member? Log in here...
Distressed debt dry powder falls as GPs put capital to work Distressed debt assets under management with a North America-focus reached an all-time high at the end of 2022, and continued high interest rates and the tougher economic environment may trigger increased activity in the segment. Between 2020 and 2022, distressed debt AUM increased by…
GP deal activity picking up Download PitchBook’s Report here. GP stakes and alternative asset M&A is picking up and features another slate of interesting deals. PitchBook’s latest US Public PE and GP Deal Roundup shows another healthy year for move-making among alternative asset managers. Control transactions are making up almost half of all transactions this year….
LBO volume to get needed boost from Worldpay & Syneos loans Syndicated LBO activity has been extremely hampered so far this year. Completed US syndicated LBO loan volume totals just US$16.1bn… Subscribe to Read MoreAlready a member? Log in here...
Private debt investment holds up in slower transactions market Private debt investment in OECD countries has seen a slight decline over the last two years. So far this year, there have been 348 reported deals with an aggregate value of $73.8bn. This is less than half of the $190.8bn invested in 886 deals in 2022,…