US Leveraged Loan Issuance Tops $65bn in June June’s 75 deals for $66b was up $34.4b, or 109%, from the previous month’s $31.6b, but was down $83.6b or 56% from the same month a year ago. It brought the Q2 total to $107.4b across 128 deals for a 68% decline from the first quarter total…
PE capital raised ($B) by age bucket (2010-2025) Download PitchBook’s Report here. Looking at the funds that face the most imminent fund terms, 11.8% of active funds are 10 to 11 years old, and 13.7% of active funds are 8 to 9 years old…. Subscribe to Read MoreAlready a member? Log in here...
As overall issuance slips in 2Q25, strategic M&A remains a bright spot for LevFin market Leveraged finance issuance topped US$343bn in 2Q25, down approximately 30% from 1Q25 and off nearly 40% versus 2Q24…. Subscribe to Read MoreAlready a member? Log in here...
2025 sees fundraising extremes Our data shows the brakes have been slammed by investors after a fast start to the year for those raising fresh capital. ‘Volatile’ is the word frequently being used to describe the economic and political backdrop to investing today. For private debt managers, that same volatility is being seen on the…
Smaller, Non-Systemic U.S. Banks Most Concentrated to Non-Bank Lending Click here to download report. Executive Summary: Evolving regulation has shone the spotlight on liability-driven investment strategies, driven by the optimization of technical provisions…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged loan prices continue to climb in secondary market The Bloomberg US Leveraged Loan Index (Ticker: LOAN) advanced 0.76% in June after a 1.53% gain in May, bringing its year-to-date return to 2.77%…. Subscribe to Read MoreAlready a member? Log in here...
Share of IPO capital raised by backing type Download PitchBook’s Report here. With the S&P 500 index climbing back near its historical peak and surpassing the psychological threshold of 6,000, there is potential for a resurgence in IPO activity…. Subscribe to Read MoreAlready a member? Log in here...
Smaller, Non-Systemic U.S. Banks Most Concentrated to Non-Bank Lending Click here to learn more. A relatively small percentage of U.S. banks provide loans to non-bank financial institutions (NBFIs), according to analysis of new regulatory data for the entire banking industry by Fitch Ratings. Around 13% or 576 FDIC banks reported balances of either NBFI loans…
Supported by increase in high grade financings, 2Q25 US M&A loan volume up 64% y-o-y; LBO activity declines Brushing aside tariff woes, inflation concerns and geopolitical fears, US lenders raised US$228.5bn of new loan assets in 2Q25, a 29% jump compared to the year ago period, to push 1H25 totals to nearly US$407bn (compared to…
Scrutiny of the bank/fund intersection Lines of credit from banks to credit vehicles have grown at an exponential rate, warranting regulatory attention. As our most recent LP Perspectives study showed (see chart), the attitude of limited partners towards fund finance is – in more than half of cases – negative. But what do regulators make…