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: 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.
|
August 5, 2026 
Subordinated debt bucks fundraising trend
The strategy appears to be claiming market share as fundraising shows signs of coming under pressure. Largely as a result…
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks)
(Past performance is no guarantee of future results.) Contact: Steven Miller
US institutional primary yields widen to 10.26% in 2Q23TD
After plummeting in March, activity has picked up in the institutional market. However, issuers are facing higher yields on average…
Corporate M&A multiples have eased
Download PitchBook’s Report here. Corporate M&A multiples have eased to decade lows, according to PitchBook’s Q1 2023 Global M&A Report. Last…
Private Debt Intelligence - 5/1/2023
Mezzanine debt fundraising boosted by megafunds [wpdm_package id=’64285′] Mezzanine debt fundraising picked up momentum in the first quarter of 2023,…
Technically Speaking
Lincoln’s database shows rising defaults – covenants, not payments – from a low base.
Loan Stats at a Glance - 5/1/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Percentage of First-Lien Loans Clearing with Key Covenant Terms by Quarter
(Past performance is no guarantee of future results.) Contact: Steven Miller
Private Debt Intelligence - 4/24/2023
Private debt deal activity in Europe sees decline [wpdm_package id=’64209′] Since the start of 2021, private debt numbers have seen…
Middle market LBO purchase price multiples declined in 1Q23
Middle market LBO purchase price multiples declined from 12.3 times in 2022 to 11.4 times in 1Q23, the lowest level…
Three Myths of Private Market Valuations
In our special series last month on why private debt valuations should not be viewed through the same lens as…
EBITDA With Benefits
The share of middle market companies with Ebitda adjustments remains high.
New money issuance drops in 2023
Source: Debtwire Par While overall leveraged loan issuance was down 23% year on year to USD 225bn at the end…
Three Myths of Private Market Valuations (Last of Three Parts)
We conclude our special series on private market valuation myths with: Myth 3: Leveraged capital structures lead to conflicts of…