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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.
4.1× More MM LBO Volume Went to Direct Lending
With very challenging conditions in the syndicated loan market, more and more sponsors turned to the direct lending market for…
The stalled exit environment
Download PitchBook’s Report here. PitchBook’s latest US PE Breakdown, the annual version, showed a seismic decline in PE exits last year.…
The 2023 M&A Outlook - Continued
The beauty of time off from work is the opportunity to reflect on the big picture. For us at the…
Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M)
(Past performance is no guarantee of future results.) Contact: Steven Miller
Private Debt Intelligence - 1/23/2023
Private debt dry powder balanced with AUM [wpdm_package id=’62738′] Private debt dry powder continues to rise in line with the…
Rates become chief performance concern
Inflation and interest rates enter investors’ list of top three worries this year, as fears of a recession persist. Rising…
Ceiling Whacks
Past government disputes on debt ceiling limits have sent market volatility soaring.
Loan Stats at a Glance - 1/23/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
2023 Outlook for M&A
The beauty of time off from work is the opportunity to reflect on the big picture. For us at the…
Leveraged loans & high yield bonds backing buyouts decline in 2022
Source: Debtwire Par New issuance in the leveraged loan and high yield bond markets took a dive from last year’s…
US secondary market rallies to begin the year
The US secondary loan market has rallied to start the year. The LPC 100 cohort of the largest, most widely…
2022: The year of the smaller deal
Download PitchBook’s Report here. A down year, to be sure, but a healthy one by historical standards. PitchBook’s just-released US PE…
Percentage of Loans that Cleared with the Least Protective Documentation Scores (5/5+/4-)
(Past performance is no guarantee of future results.) Contact: Steven Miller






M&A Outlook for 2023 (Part Three)
As it turns out, there’s no better lens through which to examine the effects of the current economic environment than…