Posts by LSEG
Middle market LBO purchase price multiples declined in 1Q23
Middle market LBO purchase price multiples declined from 12.3 times in 2022 to 11.4 times in 1Q23, the lowest level…
Read MoreUS sponsored middle market direct lending volume retrenched in 1Q23
Last quarter, there was US$12.5bn of US sponsored middle market direct lending volume. This was 49% lower quarter-over-quarter, 45% lower…
Read MoreUS institutional volume wanes in wake of bank failures
US institutional loan volume has waned after the failures of Silicon Valley Bank, Signature Bank and Credit Suisse rattled financial…
Read More1Q23 middle market syndicated lending dropped to US$27bn
At US$26.7bn, 1Q23 middle market syndicated lending dropped to its lowest level since the pandemic. The year began on slow…
Read MoreBDC AUM climbs to US$273bn
BDC market growth expectations slowed in 1Q23, with the majority of respondents (58%) in the Refinitiv LPC Quarterly BDC Survey…
Read MoreBDC credit losses expected to top 100bp in 2023
The majority of respondents (68%) in Refinitiv LPC’s Quarterly BDC Survey expect credit losses to top 100bp in 2023, with…
Read MoreSVB was a major player in US middle market technology lending
Silicon Valley Bank, the fifth largest lender to US middle market technology issuers, collapsed last week. According to Refinitiv LPC…
Read MoreUS primary institutional yields are averaging 9.57% in 1Q23
Average primary institutional yields have flattened in the last two quarters after soaring in 3Q22. At 9.57% so far in 1Q23,…
Read MoreUS private credit fundraising totals over US$35bn in 1Q23
1Q23 has been a busy one for private debt fundraising. Already this quarter there has been US$35.8bn of US middle…
Read MoreBDC non-accrual rates tick higher
Despite increased concerns around credit quality in recent months, BDC non-accrual rates have remained low by historical standards. Looking at…
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