The biggest are the biggest for a reason Nothing much is predictable these days, but don’t expect the fundraising pecking order to change anytime soon. “Do what you can, with what you’ve got, where you are.” The inspirational quote comes from an autobiography of Theodore Roosevelt and surely resonates with anyone forced into lockdown as…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Different problems for real assets With fear permeating the real estate market, real assets are once again coming into focus. An upcoming PitchBook analyst note provides a retrospective on 2008 and potential implications for the current situation. Cash management was difficult for LPs twelve years ago. Real assets funds aged between four and eight years,…
This week we wrap up our conversation with Brian Nick, Nuveen’s chief investment strategist: Q1: How do you compare this cycle with the last one (Global Financial Crisis)? Q2: The Fed did jump in pretty quickly to cut rates to zero. Are they out of weapons? Q3: Do PrivateEquity firms have any Federal rescue programs […]
COVID-19 hits unitranche issuance in 1Q20 After growing for three straight quarters and hitting an all time record high in 4Q19, unitranche volume took a steep hit in 1Q20. Total U.S. unitranche issuance fell to US$11.5bn in 1Q20, down 35% from 4Q19’s record high of US$17.5bn. The “mega tranche” trend that exploded in 4Q19 at…
On March 12 we began this special series on COVID-19 with a sense that America would soon be forced out of schools, offices, and all group activity. Little did we know six weeks later 97% (according to one study) of the US population is either at home or sheltering in place. This state of affairs…
Defensive industries such as business services, healthcare, tech, and A&D led all sectors in 1Q M&A volume
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
