Syndicated middle market volume sinks 31% in 3Q23 US syndicated middle market loan volume totaled US$23.6bn in 3Q23, 31% lower than 2Q23 and 41% lower year-over-year. 3Q23’s total was the lowest since 3Q20. Breaking out syndicated middle market lending, non-sponsored volume of US$18.2bn was 34% lower quarter-over-quarter, while sponsored issuance of US$5.4bn was 23% lower…
Increase in direct lending funds in market in 2023 There were 28% more direct lending funds raising capital in June 2023 than there were a year earlier. Direct lending funds accounted for nearly half of the number of funds and capital raised within private debt in the second quarter of 2023. That proportion may rise…
The future is artificial A survey in our Future of Private Debt report 2023 reveals where AI is having an impact in the private funds industry. Nearly one-third of GPs identify due diligence and data analysis as the business areas in which artificial intelligence will have the greatest impact over the next five years, according…
Another strong year for private debt Download PitchBook’s Report here. Private debt fundraising is off to a strong start, according to PitchBook’s just-released H1 2023 Global Private Debt Report. At halftime, almost $95 billion has been raised across 74 funds. That pace is ahead of last year’s, which makes us confident that fundraising will eclipse $200…
How does the US middle market characterize the quality of 3Q23 deal supply? Finding quality opportunities to put money to work has been one of the main challenges faced by middle market lenders this year. However, it seems that things could be improving on this front. When asked how they would characterize the quality of…
Q3 private debt fundraising in North America hits twelve month high Aggregate capital raised in North America has hit $34.8bn in Q3 year-to-date (YTD), the highest it has been since Q2 2022, which achieved a near record breaking $52.8bn. The number of funds closed during the third quarter so far remains average for the year…
Fundraising down, but hopes are up Private debt looks well placed to prosper, despite what has been a difficult period for investors. Three years ago, Private Debt Investor launched a cross-asset class survey called the Fund Leaders Survey comprised of more than 100 senior buyout, growth, private debt, venture capital, real estate and infrastructure executives….
Middle market deal activity Download PitchBook’s Report here. The middle market is humming along, according to PitchBook’s latest US PE Middle Market Report. Through June, about $214 billion has been invested across 1,635 deals. Both figures are slightly under last year’s pace but still ahead of the pre-COVID years. Middle market companies are being wooed by…
What matters in the US Our recent US Report highlighted five key themes in the world’s largest private credit market. 1. Fundraising has slowed to a seven-year low: The latest Private Debt Investor fundraising data shows just 84 credit funds raised globally in the first half of 2023 (see chart). This was the lowest number…
US downward price flexes soar in 3Q23 The US institutional loan market continues to gain momentum as investor appetite remains strong. This is evident in flex activity…… Subscribe to Read MoreAlready a member? Log in here...