Median PE company holding times (years) Download PitchBook’s Report here. The data for median hold times for PE-backed companies in the US continues its downtrend, though it remains above historical norms…. Subscribe to Read MoreAlready a member? Log in here...
LevFin books new issuance record in July thanks to loan repricings, while growing M&A business shouldn’t be overlooked US leveraged finance issuance topped US$236bn in July, eking a new all-time monthly high for the business…. Subscribe to Read MoreAlready a member? Log in here...
Senior debt loses its dominance The first half of this year saw investor commitments more widely dispersed in the asset class. In last week’s column, we examined the first-half global private credit fundraising figures and found that the total raised was consistent with the five-year H1 average, even though consistency was not a word associated…
August Leveraged Loan Launches, by Week The typical “August slowdown” for the leveraged-loan market has yet to materialize, according to data compiled by Bloomberg…. Subscribe to Read MoreAlready a member? Log in here...
Total leverage on sponsored middle market deals ticked up in the 2Q 2025, driven by higher senior leverage Total leverage on sponsored middle market deals ticked up to 4.56x on average in 2Q25, driven by higher senior leverage…. Subscribe to Read MoreAlready a member? Log in here...
Global buyout EV/EBITDA multiples Download PitchBook’s Report here. The EV/EBITDA multiple for PE buyouts stood at 11.7x for the TTM period ended June 30, 2025. This is comfortably above the recent trough of 10.3x in 2023, yet below the 12.3x registered in 2024…. Subscribe to Read MoreAlready a member? Log in here...
A fundraising half of ups and downs Those raising capital for private debt still face challenging conditions despite Q1 have raised hopes of a revival. Private debt asset class professionals could be forgiven for scratching their heads when examining the first-half 2025 global private debt fundraising data published by Private Debt Investor…. Subscribe to Read
July Sets Record for US Leveraged Loan Launches The US leveraged loan market has set a record in terms of monthly launch volume, with July deal flow exceeding $218.8b. It was the busiest month for launches by both volume and deal count (153) since Bloomberg began tracking the data in 2013, shattering the previous record…
Private Asset 401(k) Offerings Increase US Alt IMs’ Growth, Complexity Click here to learn more. A potential presidential executive order to facilitate investment in private assets for U.S. retirement plans, including 401(k)s, would provide alternative investment managers (Alt IMs) an additional avenue of growth from the $12.2 trillion defined-contribution market…. Subscribe to Read MoreAlready a
Platform LBO and growth equity deals as a share of all PE deals Download PitchBook’s Report here. PE growth investment activity continues to be an important category, making up 22.3% of all PE deals in Q2, down 30 basis points from the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...