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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.
Inflation Allocation
As prices edge down from mid-2022 highs, shelter and services remain under pressure.
Loan Stats at a Glance - 1/9/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Private Funds Finance: Big cushions offer protection against defaults
The private credit market is about to face its biggest stress test yet: Borrowing costs have more than doubled in…
US institutional discounts widen, but remain at wide levels
After reaching levels not seen since the credit crisis in 3Q22, discounts on US first-lien institutional term loans have tightened…
Mercurial year in loan secondary market driven by inflation fight
Source: Debtwire Par It has been a mercurial year in the loan secondary market. The year started off strong with…
Average EBITDA Adjustment Cap for Synergies & Cost Savings
(Past performance is no guarantee of future results.) Contact: Steven Miller
Private Debt Intelligence - 12/19/2022
Industrials lead European PD deal value [wpdm_package id=’61896′] Last week we highlighted the dominance of the information technology sector in…
Soft Landing, Hard Choices
The Federal Reserve raised interest rates by 50 bps at its December meeting, following four consecutive 75 bp increases. The…
Private Practice
Since March the Fed has increased its rate target by 4.25%, the fastest climb ever.
Loan Stats at a Glance - 12/19/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Why Private Credit Now? A Summary
A Lead Left reader, and leveraged finance veteran, disagreed with our statement last week that private credit terms have never…
Will middle-market fund performance remain more resilient?
Download PitchBook’s Report here. Private market funds are due for a downturn, but there may be nuances. Shielded thus far from…








The Alternative Pipeline
We noted last week the state of play with the Fed’s battle to slay the inflation dragon without also cratering…