A fundraising half of ups and downs Those raising capital for private debt still face challenging conditions despite Q1 have raised hopes of a revival. Private debt asset class professionals could be forgiven for scratching their heads when examining the first-half 2025 global private debt fundraising data published by Private Debt Investor…. Subscribe to Read
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 1 August) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…
July Sets Record for US Leveraged Loan Launches The US leveraged loan market has set a record in terms of monthly launch volume, with July deal flow exceeding $218.8b. It was the busiest month for launches by both volume and deal count (153) since Bloomberg began tracking the data in 2013, shattering the previous record…
As a long-time observer and amateur practitioner of the game, we enjoy the season when tennis arrives at the hallowed grounds of Wimbledon. It also reminds us how capital markets, like the stately British stadium, evolve beyond decades of tradition into more sophisticated and timely versions. There’s the stark contrast between players, accustomed to hard […]
Private Asset 401(k) Offerings Increase US Alt IMs’ Growth, Complexity Click here to learn more. A potential presidential executive order to facilitate investment in private assets for U.S. retirement plans, including 401(k)s, would provide alternative investment managers (Alt IMs) an additional avenue of growth from the $12.2 trillion defined-contribution market…. Subscribe to Read MoreAlready a
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Sponsor-driven demand led private credit volumes through early 2025 In 1Q25, direct loans reached a total deal volume of USD 66bn, lower than the USD 363bn recorded in the institutional leveraged loan market but closely matching high-yield bond volumes of USD 65.8bn. Despite lagging leveraged loan volumes overall, direct lending activity was heavily driven by…
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
Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Platform LBO and growth equity deals as a share of all PE deals Download PitchBook’s Report here. PE growth investment activity continues to be an important category, making up 22.3% of all PE deals in Q2, down 30 basis points from the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...