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Smaller companies, less reliant on global exposure, remain attractive to strategic buyers seeking bolt-ons and niche capabilities. The IPO window also cracked open, with two offerings in Q2 worth a combined $1.2 billion, a small but symbolically important signal of improving sentiment. However, the inventory of unsold companies continues to mount, now totaling over 5,214 portfolio firms, creating a multiyear backlog that presses GPs to find creative liquidity solutions.
(Past performance is no guarantee of future results.)
Latest news
Q2 European direct lending activity up 9%
Despite the geopolitical and macroeconomic events of the first half of the year creating a volatile environment, the European private credit market continues to demonstrate robust resilience.
Share of PE middle-market fund count by size bucket
Sector composition tilted hard toward B2B in Q1. B2B accounted for 52.9% of middle-market exit value, up from 38.2% in full-year 2025…
US Leveraged Loans return 1.88% to investors YTD
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned 0.57% to investors this month through July 15, bringing the…