Cushions in Collateral Quality Tests Stay Mostly Positive Click here to download report. All Fitch-rated MM CLOs include a Fitch Test Matrix as part of a CLO’s Collateral Quality Tests (CQTs) in MM CLOs, including Fitch weighted average recovery rate (WARR), Fitch weighted average rating factor (WARF), weighted average spread (WAS) and weighted average life…
Global PE deal activity Download PitchBook’s Report here. Global PE deal activity maintained a healthier tally in aggregate value even as counts dipped slightly from Q2 tallies, according to the most recent figures from PitchBook in its Global PE First Look…. Subscribe to Read MoreAlready a member? Log in here...
Record setting 1-3Q24 US sponsored loan volume tells mixed story US sponsor tapped lenders for nearly US$186bn in loan financing in 3Q24, pushing 1-3Q24 issuance levels to a record setting high of US$668bn. There were caveats to the strong results however…. Subscribe to Read MoreAlready a member? Log in here...
Hints of a fundraising revival Download PDI’s Report: Fundraising sees Q3 revival After a period of much-publicised struggles, fund managers seeking fresh capital have been given a shot in the arm by the latest figures. After a tough first quarter, private debt fundraising has picked up the pace through the rest of 2024 to end…
New family offices and wealth-management firms founded annually Download PitchBook’s Report here. Private market AUM held in drawdown funds is nearly $15 trillion globally, up from less than a trillion in 2000, handily outpacing the growth in public markets. However, outside of ultra-high-net-worth individuals (UHNWIs) and those with privileged networks, individual investors have been largely left…
Private Credit Default Rate Debuts at 5.0% Click here to download report. Fitch Ratings’ Private Credit Default Rate (PCDR) launches at 5.0% for August 2024, covering nearly 1,200 issuers covered by Fitch in the broad private credit segment. This report highlights sector specific default rates, key trends in default activity through the year-to-date (YTD) period,…
Three Rs — Refis, Repricings, Recaps— drive jumbo volume to record Private jumbo loan volume stands at a record totaling $69.7 billion through Sept. 18, according to news reporting by KBRA Direct Lending Deals (KBRA DLD). The total tops full-year volume of $50.3 billion in 2023, and the previous high of $59.2 billion recorded in 2022….
At US$110bn, 3Q24 M&A loan volume highest quarterly total in 2 years The US broadly syndicated loan market supported over US$110.5bn of acquisition financing in 3Q24, the strongest quarterly results in over two years, pushing 1-3Q24 totals to nearly US$266bn…. Subscribe to Read MoreAlready a member? Log in here...
The LPs leading the charge Download PDI’s Global Investor 75 ranking: here For an asset class that appears to be so popular, investor commitments can seem puzzlingly modest. But our GI 75 ranking reveals there is some strong support out there. Most limited partners consider themselves under-allocated to private debt, according to the results of…
Direct lending drives private debt growth Read more in Preqin’s Insights+ Report: Future of Alternatives 2029. Fund managers and investors alike have high hopes for private debt, with GPs launching strategies or acquiring specialist managers and LPs overwhelmingly maintaining or increasing allocations to the asset class (99% in our last Investor Survey)…. Subscribe to Read