BDC share prices down 9.7% YTD amid market volatility The recent inflationary environment has led to volatility in the financial markets and left investors trying to determine the impact of rising input and labor costs on companies. Against this backdrop, the equity markets have moved sharply lower, with the S&P 500 down 16.8% year-to-date through…
Private jumbo volume reaches second biggest monthly tally Jumbo private loan volume in May stands at $8.6 billion, the second largest monthly tally on record as the market approaches Memorial Day weekend and the start of the summer session. The $8.6 billion is across three borrowers —Nielsen, NPD/Information Resources and ManTech. NPD is the largest…
Appetite for IT remains Download PitchBook’s Report here. Despite volatility and inflationary pressures, PE remains bullish on the IT sector. That’s according to our latest analyst note, pointing out that PE activity in Q1 2022 outdid itself compared to Q4 2021, which was a blockbuster quarter for the asset class…. Subscribe to Read MoreAlready a member?
Private debt returns rebound in 2021 Despite consistent asset class growth, private debt returns were mostly on a downward path in the past 10 years. The three-year rolling IRR fell from 14.0% in December 2011 to just 5.0% in December 2020. However, performance improved last year, increasing to 7.1% as of September 2021… Subscribe to
A subdued start to the year for capital raising The boom in senior debt fundraising subsided somewhat in the first quarter of the year, while North America remained the dominant region. Fundraising in Q1 2022 continued the very gradual downward trend of the past six years, according to Private Debt Investor data. However, given that…
US LBO activity remains healthy, with volume totaling US$19.5bn so far this quarter LBO activity has remained steady despite persistent headwinds in the financial markets this year. Refinitiv LPC has tracked roughly US$19.5bn in completed syndicated and clubbed US LBO volume so far this quarter, after 1Q22 saw US$52.8bn in volume. 1Q22’s level made it the…
Choppy fundraising ahead? Download PitchBook’s Report here. Market turmoil continues. The ripple effects will impact private equity deal flow and exits, and it will certainly impact fundraising. Our latest analyst note sees fundraising “tapering as demand outstrips supply.” PEGs have been returning and re-returning to the fundraising trail over the past few years, inundating LPs with…
Asian regulations hinder private debt fundraising Small and medium-sized enterprises form the majority of companies in Asia, accounting for 97% of business. They often face difficulties obtaining financing from traditional banks, which indicates a huge opportunity set for private debt…. Subscribe to Read MoreAlready a member? Log in here...
Loan fund flows total US$25.2bn to date in 2022 In the same week that the Fed raised rates 50bp, the largest increase in 22 years in a move that was widely expected, retail loan funds posted a US$557m inflow, its 7th consecutive week of positive flows but the 3rd week of sub US$1bn inflows. 17…
Software chugging along Download PitchBook’s Report here. One sector that never really slowed is software. PE activity reached new heights last year, with almost $170 billion invested across more than 1,000 transactions. Combined value was 78% higher YoY, while deal flow jumped by 49%, according to PitchBook’s Q1 US PE Breakdown Report…. Subscribe to Read MoreAlready