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...
Performance driving LP confidence Investors are by and large happy with what private debt has achieved, even if they do have some reservations. In a column before the holidays, we reflected on preliminary findings from our LP Perspectives study showing that 58 percent of investors wanted to invest more in private debt over the next…
Top ten private debt funds hoover up 60% of capital in 2024 Read more in ‘Preqin 2025 Global Report: Private Debt’ The trend of capital consolidation in private capital continues unabated, with emerging managers finding it increasingly hard to raise funds as the vehicles raised by the most-well known and largest managers have drawn in…
NAIC Report Puts Smaller CRA Ratings Under the Spotlight Click here to learn more. At end-2023, US insurers held about USD350 billion of privately rated securities. The NAIC has adopted a proposal to contest private ratings from CRAs if their ratings are three notches higher than an assessment from the NAIC’s Securities Valuation Office (SVO)….