LP caution, but secondaries is showing signs of life Our latest investor survey shows LPs reluctant to engage with credit secondaries – despite increasing signs of maturity in the market. On the face of it, the private credit secondaries market still has a long way to go. In the 2025 version of our Perspectives study,…
US Leveraged Loan Pricings Smashed Records in 2024 2024 was the year of the leveraged loan, with issuers piling into the market at record levels to reprice debt amid historically high interest rates and an attractive value proposition for investors…. Subscribe to Read MoreAlready a member? Log in here...
Capital raising dips but senior debt going strong Global private debt fundraising fell slightly last year, having fallen each year since reaching a high of $332.8 billion in 2021, according to the latest Private Debt Investor data. The total of $265.1 billion was below 2023’s figure of $272.7 billion as the decline begins to slow….
North America Private Credit Default Rates to Stabilize in 2025 Click here to learn more. Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit Rating downgrades and default rates for Fitch’s North America Privately Monitored Ratings (PMR) portfolio could stabilize in 2025…. Subscribe to Read MoreAlready a member? Log in here...
Global PE exit activity Download PitchBook’s Report here. 2024 recorded just under 3,800 completed PE exits, for an aggregate of over $900 billion (including estimations)…. Subscribe to Read MoreAlready a member? Log in here...
Nearly 83% of total 2024 US institutional loan volume represented refinanced credits Arrangers of leveraged loan debt kept busy in 2024, raising nearly US$1.7trn of issuance during the year…. Subscribe to Read MoreAlready a member? Log in here...
Direct lending the driver of private debt growth in Europe Read more in Preqin’s ‘2025 Global Report: Private Debt’. Since the Global Financial Crisis, direct lending AUM has grown at a faster rate than other private debt strategies in Europe, such that it now comprises more than two-thirds of private debt AUM (67.3%)…. Subscribe to
North America Private Credit Downgrades to Moderate in 2025 Click here to learn more. Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit Rating downgrades and default rates for Fitch’s North America Privately Monitored Ratings (PMR) portfolio could stabilize in 2025…. Subscribe to Read MoreAlready a member? Log in here...
Global PE deal activity Download PitchBook’s Report here. Based on PitchBook’s preliminary analysis, 2024 was a rebound for global PE activity…. Subscribe to Read MoreAlready a member? Log in here...
2024 US M&A loan volume up nearly 40% year over year off low 2023 base US lenders committed to US$337.5bn in M&A loan volume in 2024, an increase of 40% compared to the 13 year low marked by 2023 totals…. Subscribe to Read MoreAlready a member? Log in here...