Fitch’s Privately Monitored Middle Market Portfolio Overview − 3Q24 (Part 1) Click here to download report. In the charts above, Fitch presents aggregate data for Middle Market companies that it privately rates on a monitored basis for asset managers, defined as:… Subscribe to Read MoreAlready a member? Log in here...
Investor appetite for private debt funds continues to grows Read more in: Private Debt Q3 2024: Preqin Quarterly Update Private debt fundraising value is on the recovery path this year. The $50.5bn raised in the third quarter of 2024 is the highest quarter so far this year, and more than double the $24.3bn raised in…
Platform LBO and growth equity deals as a share of all PE deals Download PitchBook’s Report here. In Q1 2023, growth equity deal count overtook platform LBO deal count for the first time ever, and that trend has persisted since…. Subscribe to Read MoreAlready a member? Log in here...
October LBO financing conditions show strength, despite mixed pricing outcomes in bifurcated market With more than US$32bn of LBO term loan B issuance successfully placed in 3Q24, LBO financing activity has emerged similarly strong in 4Q24…. Subscribe to Read MoreAlready a member? Log in here...
Hard-won gains can be retained Read PDI’s Report: LP Perspectives 2024 report Read PDI’s Report: LP Perspectives 2024 report Respondents to a PDI survey believe that private debt will not easily give up the share it has won at the larger end of the market. In 2022 and 2023, as talk of private debt being…
Carveouts/divestitures as a share of all US PE buyouts by quarter Download PitchBook’s Report here. Carveouts accounted for 11.7% of all US PE buyouts in Q3 2024, a rebound from the decline to 9.1% in Q2…. Subscribe to Read MoreAlready a member? Log in here...
Record U.S. BDC Unsecured Debt Issuance Helps Address Refinance Needs (Part 2) Click here to download report. Since the beginning of September, rated BDCs have collectively issued $4 billion in unsecured debt. Blue Owl Credit Income Corp. accounts for $1.3 billion of this, including a recent AUD450 million Australia dollar-denominated offering…. Subscribe to Read MoreAlready
Total leverage on US LBO deals exhibited hints of bifurcation across EBITDA ranges In 3Q24, total leverage on US LBO deals exhibited hints of bifurcation across different EBITDA ranges…. Subscribe to Read MoreAlready a member? Log in here...
Investors keen to plug the gap Read PDI’s Report: LP Perspectives 2024 report Read PDI’s Report: LP Perspectives 2024 report Capital allocations can be expected to increase as many LPs seek to back up their faith in private markets with greater commitments. After a fallow couple of years for fundraising (as well as exits and…
Record U.S. BDC Unsecured Debt Issuance Helps Address Refinance Needs Click here to download report. Record debt issuance by Fitch-rated business development companies (BDCs) in 2024 has improved funding flexibility and is indicative of expansion of the investor base for issuers, Fitch Ratings says…. Subscribe to Read MoreAlready a member? Log in here...