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…
U.S. MM CLO Spotlight – August 2024 Click here to download report. Defaults and Deferring Marginally Down Fifteen CLOs had exposure to at least one defaulted or deferring issuer at the end of August 2024…. Subscribe to Read MoreAlready a member? Log in here...
PE exit/investment ratio Download PitchBook’s Report here. GPs that have held out for better exit conditions stretched out the median holding period of PE investments, which reached a record of 6.4 years for US PE middle-market assets in 2023…. Subscribe to Read MoreAlready a member? Log in here...
YTD 2024 US repricing volume at over US$300bn Nearly US$310bn of completed US loan volume represents repriced credits so far this year…. Subscribe to Read MoreAlready a member? Log in here...
Fundraising down, but interest is maintained While capital raising in North America struggled in the first six months of 2024, hopes are high of a strong finish to the year. North American fundraising during the first half of 2024 ran far behind the first half of 2023, according to the latest Private Debt Investor data….
Investor sentiment towards private debt remains strong Read more in Preqin’s: Trending Data: Investor interest grows in private equity, real estate, and VC. Private debt remains the most popular alternative asset class among investors, scoring 70.9% on Preqin’s Investor Sentiment Index…. Subscribe to Read MoreAlready a member? Log in here...
Healthcare IT PE deal count Download PitchBook’s Report here. In the lower middle market, we are beginning to see more examples of a phenomenon we have anticipated for a while: PE firms and PE-backed companies acquiring VC-backed startups…. Subscribe to Read MoreAlready a member? Log in here...
BDC Cash Income Dividend Coverage Pressured by Payment-in-Kind Income Click here to learn more. U.S. business development companies’ (BDCs) cash earnings coverage of dividends is expected to weaken further from 2Q24 levels as the persistence of elevated interest rates will drive further increases in paid-in-kind (PIK) income, Fitch Ratings says. Potential rate cuts, spread compression…