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Private Credit Defaults 101: Back to School
As Labor Day approaches, the unofficial end of summer is upon us. But, before we get too sad, there is also the familiar back-to-school energy.
Downward price flexes in the institutional market are on the rise
February has seen an increase in downward price flexes in the institutional loan market with 12 price cuts on first-lien…
Private Debt Intelligence - 2/13/2023
Private debt deal activity declined over 2022, large managers can be selective [wpdm_package id=’63182′] The momentum around global private debt…
Loan Stats at a Glance - 2/13/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Fundraising holds up well
The volume of capital gathered remained at healthy levels last year, although the number of funds closed sank to new…
Interest Waits
Markets are now beginning to believe the Fed’s message in higher for longer.
PE IRRs down two quarters
Download PitchBook’s Report here. Following a stalwart 2021, global PE fund returns fell swiftly in 2022, according to PitchBook’s Global Fund…
Returns jump across US corporate credit to start the year
Total returns on US corporate credit have jumped to start the year, driven by more favorable sentiment across the capital…
Bankers’ M&A Outlook for 2023
After a deep-dive into the various elements of the M&A market last year, a panel of five top bankers told…
Benign decline: Volume eases 14% YoY in DLD’s Private Data set
KBRA DLD tracked $3.8 billion in new-issue volume last month across sponsored, U.S. borrowers. Managers said new business felt slower…
Average New-Issue Clearing Spreads (Single B) and Covenant Terms for All First-Lien Institutional Loans
(Past performance is no guarantee of future results.) Contact: Steven Miller
Private Debt Intelligence - 2/6/2023
Industrials lead private debt deals in North America [wpdm_package id=’62965′] A month into 2023, industrials are the dominant sector among…








The Numerator Effect
Over the past twelve months, as Fed rate hikes have taken hold, much attention has been paid to the denominator…