Posts by PitchBook

Download PitchBook’s Report here. Since 2019, PitchBook has tracked 207 private market fund launches across these three vehicle types, all targeting…

Download PitchBook’s Report here. In the 12 months ended Q2 2024, private debt returns outpaced all other private market asset classes.

Download PitchBook’s Report here. Private credit spreads are expected to tighten further, even after new-issue spreads already declined significantly in 2024.

Download PitchBook’s Report here. Of the major substrategies, mezzanine funds led for five consecutive quarters until Q2 2024, when the strategy…

Download PitchBook’s Report here. Borrowers and sponsors, in turn, increasingly appreciated private credit’s certainty of execution, flexibility, willingness to offer PIK…

Download PitchBook’s Report here. Direct lending led as the top fundraising substrategy within private debt, accounting for 60.7% of the capital…

Download PitchBook’s Report here. Perpetual vehicles for the private wealth investor, also known as semiliquid funds, raised $122 billion in 2024.

Download PitchBook’s Report here. Since the inception of the buyout strategy in the 1980s, buyout managers have maintained a core playbook:…

Download PitchBook’s Report here. A returns-based factor analysis using the Fama-French five-factor model plus momentum reveals that the positive alpha from…

Download PitchBook’s Report here. Greater leverage is another key distinguishing characteristic of buyout-backed companies. Over the past 10 years, the average…