Chart of the Week
Still Growing
The strength of the US economy since Covid is expected to continue this year. Source: iCapital, Bloomberg.
Read MoreUp the Middle
Total middle market loan volume for 2024 at $51.3 billion was the highest in eight years. Source: Fitch Ratings, Lev…
Read MoreWide Dispersion
BSL defaults at 3Q 2024 were more than six times those in private credit. Source: Proskauer (Private Credit), Fitch Ratings…
Read MorePrivates First Class
Direct lending’s share of buyout financings now dwarfs that of the bank market. Source: LSEG LPC
Read MoreReversal of Fortune
Three quarters of M&A activity in 2024 approached full-year volume for 2023. Source: PitchBook
Read MoreLabor on a Roll
December’s job adds topped expectations, suggesting slower Fed rate cuts. Source: WSJ, The Daily Shot
Read MoreGrade A Markets
Investment grade corporate bond spreads are near record lows. Source: Federal Reserve Economic Data (FRED) – St. Louis Fed, The…
Read MoreInterest Bearing Accounts
After three flat-to-down years, LP’s look to be gearing up for 2025. Source: Private Equity International’s LP Perspectives 2025 Study
Read MoreTo Co-Invest, or Not to Co-Invest
The majority of GPs in Europe and North America offer equity co-investment programs. Source: Dechert’s 2025 Global Private Equity Outlook.…
Read MoreBigger Brothers
Since 2020 the share of GPs raising larger funds has been growing. Source: PitchBook(Past performance is no guarantee of future…
Read More