Private Debt Fundraising Shows Signs of Acceleration in Q2 Preqin’s quarterly fundraising update on the private debt industry finds that Q2 showed healthy signs of acceleration, boosting hopes the industry will return to the record fundraising levels seen over the twelve month period between Q4 2014 and Q3 2015. Over the quarter, 28 vehicles… Subscribe
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Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Those of us who stayed up to watch the Brexit television coverage knew that in a few hours’ time the June 24 trading session would go down in history. The mainstream media were inevitably obsessing about the post-Brexit collapse in sterling, but the credit markets were focused on the Markit iTraxx indices. Big moves were…
“Thank God for the Electoral College.” Thus the co-head of a major credit trading desk put a brave face on the US political outlook after last week’s stunning Brexit vote. And while the wisdom of our Founding Fathers may shield us from a similar upheaval in the direct popular vote for President, there’s no guarantee…
Supported by solid technicals and a steady – if uninspired – pipeline of deals, the US loan market got a substantial boost in 2Q16 to push over US$550 billion in loan volume through the market and logging nearly US$905 billion of total issuance during the first six months of the year. Coming off a slow…
Contact: Steven Miller smiller@covenantreview.com
Thanks to Brexit, market watchers now think the probability of a Fed rate cut this year outweighs that of a rate hike. Sources: The Daily Shot, CME Group
Recent Wave of Exits Differentiated U.S. PE Fund Managers The boom in private equity-backed selling observed over the past few years, cresting in 2015, yielded rich returns for certain U.S. buyout funds. More than that, it proved a differentiating area for the top tier of U.S. fund managers. As illustrated by the chart above, certain…