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Private Debt Intelligence - 2/8/2021

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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...

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PDI Picks – 2/8/2021

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Completing the cycle The global pandemic will give investors more visibility into how private debt performs in tough times. Private debt did not have a great time on the fundraising trail in 2020, as can be seen from our chart above. From the fundraising peak of 2017, the amount raised has declined significantly and last…

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Leveraged Loan Insight & Analysis - 2/1/2021

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Loan fund AUM continues to grow amid large inflows in January U.S. CLO AUM ended January at $747bn, up 10.3% YoY, with 17 new U.S. CLOs totaling $8.5bn pricing last month. It was the highest January volume since 2013 and included 4 deals with a total size over $600m. Despite the pandemic, CLO AUM has…

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Where’s all the distressed credit?

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We continue our special series with the third of our “Five Biggest Private Capital​ Surprises of 2020:” Surprise #3: Where Are the Distressed Loans? Last April the CEO of a large asset manager said the volume of potential distressed credit investments could be $1 trillion. COVID, he said, presented “a massive opportunity to deploy capital […]

The Pulse of Private Equity – 2/1/2021

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Big slide in fundraising masks a busy year Download PitchBook’s Report here. Fundraising for direct lending vehicles hit a five-year low in 2020, according to PitchBook’s latest Global Private Debt Report. The five-year angle is for dollars raised; in terms of fund closings, the 33 that wrapped up last year were the fewest since 2012, and…

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