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
U.S. MM CLO Spotlight – August 2024 Click here to download report. ‘CCC’ Exposure Slightly Up Exposure to assets with Fitch IDRs or credit opinions of ‘CCC+’ or below, excluding nonrated assets, increased by 20 bps to 18.4%, compared to last month and is up by 3.3% compared to a year ago…. Subscribe to Read
PE middle-market buyout count as a share of all PE buyouts Download PitchBook’s Report here. We believe that tighter spreads and the reduction in base rates that still lie ahead bode well for a continued strengthening in the middle-market buyout market…. Subscribe to Read MoreAlready a member? Log in here...
Middle Market Survey – Were you able to lend as much as you wanted to in 3Q24? Many middle market lenders found sufficient opportunities hard to come by in the most recent quarter, according to LSEG LPC’s 4Q24 Middle Market Outlook Survey…. Subscribe to Read MoreAlready a member? Log in here...
What goes up must come down With the interest rate environment once more the talk of the town, private credit is hoping for some pressures to be eased. Hot on the heels of our Private Debt Investor New York Forum last week came news that the Fed was slashing rates by 50 basis points…