Share of buyout inventory by industry (top 15) Download PitchBook’s Report here. A clear concentration of buyout inventory resides in four sectors: software, commercial products and services, and healthcare services…. Subscribe to Read MoreAlready a member? Log in here...
European unitranche market shows resilience The deal total for the first quarter was well ahead of last year’s equivalent, with the Benelux region particularly active. If you look back over the last 12 years (see chart), it’s clear that the European private debt market has been dominated by the UK, France and Germany, which have…
Private credit AUM expected to continue steady growth, driven by direct lending. Source: Fitch Ratings, Preqin
Moviegoers know that Tom Cruise “does his own stunts.” We always assumed this mostly meant riding motorcycles fast. And even watching his Mission Impossible and Top Gun acrobatics over the years, we figured riskier sequences involved some kind of green screen technology. Until we saw practice runs for his motorcycle jump on the latest MI…
One criticism of private credit goes something like this: “Sure, private credit has a pretty good track record. But that’s because it’s never been tested by a real recession.” The point is valid for most direct lenders. According to one study, only 5% of those managers were around before 2009. But during the past 16 […]
US Leveraged Loans Post Largest Monthly Return Since 2023 Click here to access Bloomberg’s US Leveraged Loan Index Report After a brief pause in its long-running rally, the Bloomberg US Leveraged Loan Index (Ticker: LOAN) advanced 1.53% in May, bringing its YTD return to 1.95%. The gain follows back-to-back losses in March (-0.29%) and April…
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored v Non-Sponsored (LTM) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Share of private debt capital raised by type Download PitchBook’s Report here. In Q1 2025, the distressed debt substrategy secured $21.4 billion in commitments, largely thanks to the $16 billion fund raised by Oaktree Capital Management, putting distressed debt in line to easily surpass its five-year annual average of $28.5 billion…. Subscribe to Read MoreAlready a member? Log in here...