Content hub
Explore private capital market trends, in-depth research from leading industry partners, expert interviews, live webinars, and educational videos — all in one place.
Featured Article
Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
Loan Stats at a Glance - 7/12/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
US vs Europe: Toggling For Loan Value
Last week we tuned into Fitch’s European Leveraged Finance Mid-Year Update. The discussion – covering the economy, ratings, and structures…
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…
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…
Compared to the first half of 2021, loan document flexibility in the second half of 2021 will show….
Reorg Credit Intelligence - 7/5/2021
Fiesta Restaurant Group Agrees to Sell Taco Cabana Business to Yadav Enterprises Affiliate for $85M Fiesta Restaurant Group announced that…
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 Intelligence - 7/5/2021
Consumer discretionary tops PD deal activity in North America [wpdm_package id=’46641′] As an industry, consumer discretionary has seen the largest…
Loan Stats at a Glance - 7/5/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Percentage of All Loans that Cleared with the Least Protective Documentation Scores (5/5+/4-)
(Past performance is no guarantee of future results.) Contact: Steven Miller
It Takes 𝘜𝘯 𝘝𝘪𝘭𝘭𝘢𝘨𝘦
Non-bank European lending AUM is almost $160 billion, including about $50 billion of dry powder.
Europe/US: Direct Lending Compared
Our fondness for colorful metaphors led us, in our 2016 series, to compare European direct lending to Burger King’s new…
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…









The State of Private Credit in Europe (Fourth of a Series)
Calculating private credit volume in Europe is a bit dodgy. Even in the US, good numbers have only been available…