Strong start to the year for buyouts; repricings make a return Source: Debtwire Par Institutional loans backing buyout activity climbed to USD 40.2bn in 4Q20 from just USD 13.8bn in 3Q20. Despite the late-year increase in deal flow, LBO institutional loan issuance ended the year at USD 103bn, down from the USD 119bn posted in…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Record Number of Private Debt Funds in Market Private debt funds in market have reached a new record high, and there are now more find seeking for capital than ever before. The start of 2021 saw a total of 547 private debt funds on the road targeting a record $290bn in combined capital commitments…. Subscribe
Fundraising takes a dip The pandemic has taken its toll on fundraising, but the largest managers appear to be benefitting. Unsurprisingly perhaps, private debt fundraising dropped to its lowest level in more than six years during 2020 as the effects of the coronavirus pandemic hit world markets. Preliminary data from PDI’s upcoming Fundraising Report 2020…
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
As we wrap up our special SPAC series, let’s take a look at the performance of these vehicles over time. According to research firm Renaissance Capital, of the 200-plus SPACs launched since 2015, 107 have completed mergers and gone public. Shares in those issuers averaged a loss of 14%. Compare that to an average regular-way […]
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Percentage of New Issue First Lien Loans that Cleared with a J. Crew Trapdoor Contact: Steven Miller