Private debt is becoming top-heavy Download PitchBook’s Report here. Private debt funds have grown much larger over the past two years, according to PitchBook’s latest Global Private Debt Report. Larger funds naturally dominate the charts – by dollars raised, $1B+ funds accounted for almost 80% of all debt fundraising in 2020…. Subscribe to Read MoreAlready a
We conclude our special series, “Five Biggest Private Capital Surprises of 2020,” with: Surprise #5: The M&A Big Bang Last July we published a white paper (see “COVID-19 and M&A Activity”) showcasing conversations with leading middle market investment bankers. They reported distinctions between businesses hit by the pandemic and those depending less on the consumer…
Average Minimum Day-One Capped Basket Capacity, Quarterly Contact: Steven Miller
We continue our special series with the fourth of our “Five Biggest Private Capital Surprises of 2020:” Surprise #4: Which Industries Mattered? For experienced credit managers, diversity is a key investing principle. The question coming into last March’s downturn was, have we made the right decisions on industries to lean into and out of? Generalists […]
A “whopping” 85% of direct lenders characterized deal flow expectations as equal or better than pre-Covid levels.
Convergence of market dynamics brings loans back into focus Source: Debtwire Par The convergence of several market factors has led loans to the forefront of the leveraged debt markets in 2021. Institutional loans made up roughly two thirds of combined loan and bond issuance in January, one of the highest proportions seen since this time…
Record Number of Active Fund Managers in Private Debt The firms’ market is increasingly crowded with a record 1,947 private debt firms currently active. In 2020, the proportion of private debt managers active in distressed debt and special situations markets grew considerably… Subscribe to Read MoreAlready a member? Log in here...