The consolidation question Download PitchBook’s Report here. If the current downturn mimics the 2008 financial crisis, private equity may see a few years of industry consolidation before diversifying again. In 2007, on the eve of the GFC, firms with at least $10B in AUM accounted for about 41.1% of the industry’s capital…. Subscribe to Read MoreAlready
As we wrap up our COVID series, we turn our attention to the path ahead, as unclear as that is. Or as one economist put it succinctly: “Anyone who thinks we’re going to keep moving up in a straight line is living in La-La Land.” The good news is markets have fully absorbed the shock […]
High-yield bond market comes roaring back in April Source: Debtwire Par The US high yield market came roaring back to life in April with roughly USD 40.6bn in issuance across 51 deals, easily the most active month this year, and a far cry from the USD 5.3bn issuance seen in March when much of the…
The Bank of England has projected the COVID-19 pandemic will cause GDP for the United Kingdom to decline 14% this year. That’s the worst economic performance in more than three centuries. In 1706 (when the Bank of England was twelve years old) Great Britain was a very different place. With the Industrial Revolution fifty years in…
It took nine years to add 21 million US workers to payrolls; COVID-19 wiped them out in two months.
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Special Situations Gather Momentum Private debt fundraising has slowed down in 2020 – so far this year, there have been 44 funds closed raising a combined $35bn. Strategy wise, direct lending continued to dominate the market closing 10 funds in Q1 2020… Subscribe to Read MoreAlready a member? Log in here...