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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. Factors that could renew momentum include the possibility of trade deals, easing trade tensions, and the implementation of more business-friendly government policies. However, risks remain. The specter of a recession continues to cast a shadow, and should one materialize, we would expect a significant slowdown in IPO issuance. In either macro backdrop, we continue to believe that PE-backed firms will be relatively well positioned to keep their share of IPO capital raised above 40%
(Past performance is no guarantee of future results.)
Latest news
US leveraged loans returns turn negative in October
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned -0.26% this month through October 21, reducing its year-to-date return…
M&A activity begins to tick upward
In the third quarter of 2026, acquisition-linked loan volume across North America and Europe reached about $47 billion, up from $30.6 billion in Q2 and $29.5 billion a year ago.
