Unitranche volume reached $7.5B in 4Q18 and $27B in 2018

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LPC tracked US$7.5bn in unitranche facilities closed in 4Q18, down slightly from the US$8.9bn tracked in 3Q18, but still quite robust. For the 2018 year, LPC tracked US$27bn in unitranche facilities closed, 13% higher than 2017’s levels. As many direct lenders continued to amass scale via record fundraising in 2018 and announce hold sizes in the $100M to $150M area