2Q21 middle market syndicated loan volume of US$46bn was at its highest since 2Q18 The syndicated middle market was at full speed in 2Q21 with volume soaring to its highest level in 3 years at US$46bn. New money lending of US$23bn was up 30% from 1Q20 and was at levels not seen since 2017. Refinancing…
Average Minimum Day-One Capped Basket Capacity, Quarterly (Past performance is no guarantee of future results.) Contact: Steven Miller
Loan buyout financings accelerate in 2Q21, with jumbo deals driving volume Source: Debtwire Par Leveraged loans backing buyouts nearly doubled in volume from the 1Q21 figure, landing at USD 62.3bn for the second quarter of 2021. This comes as welcome news for investors, as year-to-date issuance through June represents a 55% improvement over the year-ago…
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Deal activity surges, multiples tick up Download PitchBook’s Report here. At the halfway point, US PE dealmaking is on pace to break records. PitchBook’s latest US Breakdown Report is now released, which shows rocketing numbers through two quarters. Juxtaposed against those deal numbers, though, is a slight uptick in buyout multiples, which went up for the…
Direct lending remains popular in private debt As governments scale back pandemic support measures and interest rates remain low, private debt strategies are increasingly attractive. Over Q2 2021, direct lending attracted the most interest from investors, closing 17 funds and raising $19bn in commitments…. Subscribe to Read MoreAlready a member? Log in here...
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
When going green is not all it seems Investors are not convinced that ESG-friendly loans necessarily force managers to up their game. Private debt, it could be argued, has up to now occupied the back seat when it comes to environmental, social and governance issues. The expectation in sponsored deals has been that private equity…