US Leveraged Loan Launches Pick Back Up in May To Monitor Upcoming US Institutional Loan Issuance, run PREL <GO> from a Bloomberg Terminal Following a record drought between March 28 and April 16 in which 14 business days passed without the launch of a new US leveraged loan financing, the longest such streak since Bloomberg…
US middle market private debt fundraising stands at US$21.3bn so far in 2Q So far this quarter, LSEG LPC has tracked US$21.3bn of US middle market debt fundraising…. Subscribe to Read MoreAlready a member? Log in here...
Credit Journal – Private Credit Download Welcome to Fitch Ratings’ Credit Journal series – a subject-specific, curated compilation of our in-depth research and commentary…. Subscribe to Read MoreAlready a member? Log in here...
Months to close for PE funds Download PitchBook’s Report here. In 2022, GPs began taking longer to close PE funds as exit activity decreased and LPs became more capital constrained as a result…. Subscribe to Read MoreAlready a member? Log in here...
Safety first Amid a volatile macro-economic and geopolitical backdrop, private credit funds are doubling down their investments in trusted sectors. US tariff uncertainty is leading to a flight to safety among private credit funds, particularly in terms of sector specialisms…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged loans claw back tariff-driven losses in secondary market It has been a wild ride in the secondary market this year to date, driven by bouts of volatility due to uncertainty over US economic policy. Secondary market bids on US leveraged loans started the year at an average of 97.33 before sliding 329 bps from…
US$1.4bn of BDC loans were added to non-accrual status in 1Q25 A total of US$1.4bn of BDC loans were added to non-accrual status in 1Q25, up from roughly US$1.2bn in the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...
PE AUM ($T) forecast* Download PitchBook’s Report here. Within PE subcategories, we expect buyout funds to continue to garner the bulk of fundraising in the coming years, but growth funds have seen increasing LP interest and offer an alternative to the VC asset class…. Subscribe to Read MoreAlready a member? Log in here...
Fitch’s Privately Monitored Middle Market Portfolio Overview, 1Q25 Click here to learn more. As audits for privately monitored rating (PMR) issuers continue to roll in, Fitch forecasts revenue growth of 5.7% for 2024. Revenue growth for 2025 is likely to be pressured by rising U.S. tariffs and retaliatory measures. … Subscribe to Read MoreAlready a member?
Can the asset class again prove its resilience? Delegates at the recent Europe Summit heard views on how different parts of the market will weather the challenges. Our recent Private Debt Investor Europe Summit drew LPs, GPs and advisers from all corners of the globe, keen to discuss a rapidly changing environment and what they…