When going green is not all it seems Investors are not convinced that ESG-friendly loans necessarily force managers to up their game. Private debt, it could be argued, has up to now occupied the back seat when it comes to environmental, social and governance issues. The expectation in sponsored deals has been that private equity…
2Q21 M&A loan volume nearly 3 times year ago totals; 1H21 volume two times 1H20 results Nearly US$175bn in M&A loan volume was completed in 2Q21, a 40% increase over 1Q21 results and almost three times the comparable year ago totals. The market completed almost US$300bn in M&A loan volume during the first six months…
2021 on a record-setting pace PitchBook’s latest PE Breakdown Report, which will publish this Monday, shows a record-setting pace through the second quarter. Both volume and value figures are well above average at this point of the year. Q2 was especially active—we’re estimating the second biggest quarter on record, trailing only Q4 of last year….
Driving forward on ESG, but acceleration needed Private debt managers have made considerable progress but, particularly in North America, there is more to be done. Today any private debt manager underplaying the importance of environmental, social and governance issues might expect short shrift from any investor they approached for capital. However, it wasn’t always that…
Consumer discretionary tops PD deal activity in North America As an industry, consumer discretionary has seen the largest number of private debt deals in North America since 2016, at 1,007 deals with an aggregate deal value of $99.5bn. This includes a recent deal from Blackstone Group to buy Certified Collectibles Group… Subscribe to Read MoreAlready
1H21 U.S. loan volume up 58% y-o-y; Second highest total on record U.S. arrangers pushed almost US$1.466trn through the retail syndication in 1H21, a 58% increase over the same period last year and the strongest half year totals since 1H18 (US$1.492trn). At US$764.10bn, 2Q21 syndicated loan volume marked a two fold jump over year ago…
A snapshot of global buyout multiples PitchBook’s latest analyst note, released tomorrow, takes a close look at buyout multiples across the IT, healthcare and consumer spaces. The pandemic had material and divergent impacts on IT and consumer—the 2020 median multiple for IT rose to 20.1x, up almost five turns from 2019’s median of 15.3x. IT…
North American PD deal value rebounds to pre-pandemic levels North America has seen 352 deals in private debt with an aggregate deal value of $71.2bn so far in 2021. Although this is just under half of the 766 deals that were completed in 2020, last year’s aggregate deal value was just $78.5bn, despite a strong…
Private debt warms up in the Middle East Sovereign wealth interest is becoming apparent as one of the world’s nascent debt markets shows signs of growth. As a relatively new asset class, private debt remains heavily undeveloped outside of North America and Europe. For investors looking to diversify outside of these regions and gain emerging…
A solid start in the middle market Download PitchBook’s Report here. PitchBook’s latest US Middle Market Report shows a strong start to 2021, with the second highest quarterly totals in terms of value. An estimated $119.5 billion was invested in middle market companies in Q1. Combined with the record $160 billion from Q4, almost $280 billion…