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Business of Private Credit: Safety, Not Size
Even the best credit managers have loans that go bad. What separates them from everyone else is the history and experience they bring to working these problems out.
Leveraged borrowers continue to tap lenders for refinancings: BMC Software among largest credits to return
In the absence of meaningful new money loans calendar, a steady stream of refinancings have kept arrangers of leveraged loans…
Feeling and Dealing
Consumers gloomy, but keep pushing stock prices higher. Source: Bloomberg, The Conference Board(Past performance is no guarantee of future results.)
The return of the mid-market
With the focus having been on larger deals last year, 2024 has seen more typical private debt activity make a…
Loan Stats at a Glance - 6/24/2024
Source: PitchBook LCDContact: Ryan Brownryan.brown@pitchbook.com
Where We Are (Second of a Series)
How challenging has it been to predict the next recession? An inverted Treasury yield curve, a reliable forecaster of the…
Be Direct
Private capital fundraising for the first quarter was predominantly for direct lending. Source: Preqin Pro(Past performance is no guarantee of…
Tyranny of Dry Powder – An Update
Back in October 2020 we introduced the concept of how supply and demand imbalances in private markets affects credit quality…
Private Debt Intelligence - 6/17/2024
Mega funds exert dominance in US buyouts Read Preqin’s ‘Buyouts in North America: A Preqin Primer‘. The average size of…
Opportunities abound: loan repricing hits historical high in 2024
Following a muted couple of years for the leveraged loans primary market, deals that include a repricing component or that…
The Pulse of Private Equity – 6/17/2024
Download PitchBook’s Report here. PE middle-market valuations reached their apex in 2021 and have declined sharply since. Closing out 2023, deal…
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored vs. Non-Sponsored (LTM)
(Past performance is no guarantee of future results.)
Do you expect to meet your lending goals this year?
Middle market lenders were asked in a recent LPC survey if they expect to meet their lending goals this year.
Middle Market Deal Terms at a Glance - June 2024
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
Loan Stats at a Glance - 6/17/2024
Source: PitchBook LCDContact: Ryan Brownryan.brown@pitchbook.com





Fast and Furious (Part One of Two)
This week we attended the 40th annual conference of the Florida Public Pension Trustees Association in Orlando. Attendees included municipal…