Chart of the Week: Best Offense
Defensive sectors have shown the highest gains in enterprise value during Covid.
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The Pulse of Private Equity – 1/10/2022
A trillion-dollar year Download PitchBook’s Report here. The US PE market topped $1 trillion for the first time, according to PitchBook’s just-released Annual Breakdown Report. 2021’s $1.2 trillion performance was more than 50% higher than the previous record. Deal volume also spiked, with 8,624 transactions altogether. That’s also a new record – the US market had…
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Private Debt Intelligence – 1/10/2022
Direct lending most popular PD strategy of 2021 Private debt funds reached an average 120% of their target size at final close last year, with a total of $195.1bn raised. Of this, 58% was raised for direct lending strategies, amounting to $112.5bn over 94 funds. The next largest strategy within the asset class was distressed…
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PDI Picks – 1/10/2022
Venture debt sets new records It’s a form of financing that’s taken a while to gain traction, especially outside of the US. But there are clear signs this is changing. Venture debt, long the province of the US and once viewed as a mere backstop along the way to growth for startups, is lately being…
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Debtwire Middle-Market – 1/10/2022
Loan pricing tightens amid record demand from CLOs and transition away from LIBOR Source: Debtwire Par With the transition from LIBOR to SOFR (Secured Overnight Financing Rate) beginning to play out towards the end of the year, pricing dynamics led to a sharp tightening in loan yields from previous years. While the average margin on…
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Loan Stats at a Glance – 1/10/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
2022 Outlook: Inflation & Interest Rates
Inflation and interest rates are linked but not always in straightforward ways. Fear of higher prices can drive rates up, while markets may ignore actual inflation having anticipated it. Recent data has certainly created alarming headlines. Last Friday’s CPI report showed November’s consumer prices up 6.8% versus a year ago. Not since 1982 (when Joe […]