Recent investor challenged single-B deals have yet to gain traction since breaking in the US secondary market As bifurcation among credits continues, a number of recently launched deals for single-B names received significant investor pushback during syndication. Not surprisingly perhaps, none of these loans have been bid above their break price in the secondary market….
“I left it right on the piano bench. Now I can’t find it!” Our daughter’s flute instruction book had somehow vanished or walked off on its own. Her father is notified of this catastrophe three minutes before she is to be dropped off for her 7:30 a.m. lesson. Well, when was the last time you…
After a strong fourth quarter last year, quarterly US M&A volume has slowed.
Public and private Download PitchBook’s Report here. Recent GP stake deals are giving us a growing sample size of private PE firm valuations. We already had a small set for publicly traded PE firms, and we’ve heard ad nauseum that the public markets don’t fully understand how to value firms like Blackstone or Apollo. Much of…
Another sign that the big are only getting bigger The baseline for being in the top-10 fundraises of the year increased from 2018 to 2019, signaling the growing dominance of a few firms. The overall capital collected by the top-10 fund closes this year has eclipsed the total raised by last year’s 10 largest fundraises,…
Technology loans remain popular amid heightened selectivity Source: Debtwire Par Technology deals remain popular in the loan market, with institutional loans backing technology LBOs climbing to USD 21.7bn year-to-date, already surpassing the USD 19.3bn recorded in full year 2018 and setting a new record. The share of total LBO loan financings represented by the technology…
Private Debt Funds in Market Q3 2019 The fundraising market for private debt remains crowded at the start of Q4, with 417 private debt funds seeking an aggregate $177bn in capital. Although slightly down from the start of Q3, both figures remain very high compared with historical total. But these figures could lead to a…
Average Unadjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com