Fundraising at a record pace Download PitchBook’s Report here. One of PitchBook’s 2021 predictions was a record year for fundraising. The table was set for a rebound, and we saw how sentiment and momentum were shifting toward the back-half of the year. Our H1 Follow-Up Outlook shows that prediction is on pace to becoming true. We…
Markets prove their resilience Performance is on the up and deals are being done as firms show determination to fight their way through the pandemic. It sounds strange, given the harrowing events of the last 18 months, to be talking about markets surpassing all previous landmarks. But there’s no denying that bullishness is very much…
2Q21 middle market syndicated loan volume of US$46bn was at its highest since 2Q18 The syndicated middle market was at full speed in 2Q21 with volume soaring to its highest level in 3 years at US$46bn. New money lending of US$23bn was up 30% from 1Q20 and was at levels not seen since 2017. Refinancing…
Deal activity surges, multiples tick up Download PitchBook’s Report here. At the halfway point, US PE dealmaking is on pace to break records. PitchBook’s latest US Breakdown Report is now released, which shows rocketing numbers through two quarters. Juxtaposed against those deal numbers, though, is a slight uptick in buyout multiples, which went up for the…
Direct lending remains popular in private debt As governments scale back pandemic support measures and interest rates remain low, private debt strategies are increasingly attractive. Over Q2 2021, direct lending attracted the most interest from investors, closing 17 funds and raising $19bn in commitments…. Subscribe to Read MoreAlready a member? Log in here...
When going green is not all it seems Investors are not convinced that ESG-friendly loans necessarily force managers to up their game. Private debt, it could be argued, has up to now occupied the back seat when it comes to environmental, social and governance issues. The expectation in sponsored deals has been that private equity…
2Q21 M&A loan volume nearly 3 times year ago totals; 1H21 volume two times 1H20 results Nearly US$175bn in M&A loan volume was completed in 2Q21, a 40% increase over 1Q21 results and almost three times the comparable year ago totals. The market completed almost US$300bn in M&A loan volume during the first six months…
2021 on a record-setting pace PitchBook’s latest PE Breakdown Report, which will publish this Monday, shows a record-setting pace through the second quarter. Both volume and value figures are well above average at this point of the year. Q2 was especially active—we’re estimating the second biggest quarter on record, trailing only Q4 of last year….
Driving forward on ESG, but acceleration needed Private debt managers have made considerable progress but, particularly in North America, there is more to be done. Today any private debt manager underplaying the importance of environmental, social and governance issues might expect short shrift from any investor they approached for capital. However, it wasn’t always that…
Consumer discretionary tops PD deal activity in North America As an industry, consumer discretionary has seen the largest number of private debt deals in North America since 2016, at 1,007 deals with an aggregate deal value of $99.5bn. This includes a recent deal from Blackstone Group to buy Certified Collectibles Group… Subscribe to Read MoreAlready