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Private Debt Intelligence - 1/14/2019

Overview of Private Debt Fundraising in 2018 Private debt fundraising remained strong in 2018, making it the fourth consecutive year in which funds raised over $100bn. In 2018, 162 funds were able to secure an aggregate $110bn in capital. While this was slightly lower than the $129bn in capital raised in 2017, 2018 nonetheless represented…

Markit Recap – 1/7/2019

2018 ended on a sour note and spreads looked set to continue their ascent throughout this year and beyond. But here we are, a little over a week into 2019, and the Markit iTraxx Europe is 10bps tighter than Dec 31 levels. A bumper non-farm payrolls report, a more dovish stance from the Federal Reserve,…

Leveraged Loan Insight & Analysis - 1/7/2019

 2018 US M&A loan volume sets new record at over US$648Bn At over US$648bn, US syndicated M&A loan volume set a new record in 2018, topping 2017’s high of US$537bn. The strong results were spread across market segments as corporate issuers looked to augment organic growth with strategic acquisitions and private equity sponsors aggressively looked…

The Pulse of Private Equity – 1/7/2019

2018: Almost a record Download PitchBook’s Report here. Thanks to a massive Q4 to close out the year, 2018 came close to setting a new record for combined deal value. About $277 billion was invested in Q4, versus a relatively paltry $198 billion invested in Q3 2018. Fourth quarters typically see the highest numbers in any…

Lost in Translation

2018 ended in the high-yield loan and bond markets not with a bang, but with an olufsen. That’s our rendition of “whimper,” borrowed from the Danish audio products company. There are signs 2019 might be off to an upbeat start. But there are contrary signals as well. Volatility caused by rate and trade concerns held…