Private Debt Funds in Market The private debt fundraising marketplace is becoming increasingly crowded: as of the start of April 2019, there are 407 vehicles seeking a total of $182bn from investors. These figures have continued to increase from the 395 funds seeking $168bn at the start of the year to reach a new record…
European real estate debt: Are the foundations crumbling? Investor enthusiasm appears to be waning as Brexit worries cast a cloud over the sector. Capital allocated to funds with a focus on European real estate debt reached a record level of almost $12 billion in 2017, according to PDI data…. Login to Read More...
SBOs are growing in size Download PitchBook’s Report here. Private equity has three major exit ramps—strategic sales, secondary buyouts and IPOs. They tend to trend independently of one another, which is to say that market dynamics usually favor one or two options over another…. Login to Read More...
Market Survey: slowing pace of demand expected well into 2Q More than half of buyside and sellside players surveyed by LPC at quarter-end said that the pace of new CLO issuance will not pick up while one quarter said it could slow down moderately…. Login to Read More...
One more bad bit of fundraising news for first-time funds If the slowdown in fundraising continues, more LPs may make their full commitments to their funds of choice, accelerating the trend of fewer firms raising more money. With private debt fundraising tumbling, more investors may be looking to allocate their full commitment… Login to Read
Private Debt Fundraising Falls in Q1 Private debt fundraising has been cyclical in recent quarters, with significant spikes in Q4 2017 and Q2 2018 failing to generate consistent momentum. The asset class has certainly not accelerated in the opening quarter of 2019: as well as the number of fund closures falling from 57 in Q4…
1Q19 Syndicated loan volume down 36% y-o-y; Weakest results in 3 years 1Q19 marked an uneven start to the US loan market calendar with less than US$400bn of volume working its way through the retail market. An additional US$61.3bn was completed via clubbed participation…. Login to Read More...
LPs take issue with management fees, not carry A majority of investors have trouble justifying private markets’ fees internally, but a higher carry, lower management fee is likely an easier sell than the reverse. Fees are often the elephant in the room for limited partners and private markets firms…. Login to Read More...
Private equity heads west New York is the epicenter of private equity, as it has been since its beginning. Wall Street was already around when PE got its start, and the important supporting actors—namely lenders and bankers—were all a taxi ride away.The same is true for Silicon Valley and the venture industry,… Login to Read
Investor Satisfaction Dims in 2019 Private debt investors remain committed to the asset class, and their overall perception of the industry is positive. But Preqin’s latest surveys find that investor satisfaction has dimmed slightly at the end of 2018, as institutions foresee challenges for the industry in the months ahead…. Login to Read More...