Content hub
Explore private capital market trends, in-depth research from leading industry partners, expert interviews, live webinars, and educational videos — all in one place.
Featured Article
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.
PE accounts for almost 40% of M&A
Coming soon Download PitchBook’s Report here. PE-led acquisitions accounted for almost 40% of M&A volume in H1. That’s a remarkably high…
North America dominates private debt fundraising once again
The continent, where the plurality of private debt capital is being sought, highlights both the mature alternative asset markets and…
Percentage of Deals with an EBITDA Cap (LTM June 2019)
Contact: Steven Miller
PE sponsors ramp up delay draw term loans in the U.S. middle market
Over the last few years, sponsors have been ramping up the amount of delay draw term loans within their middle…
Stretching for Value
Over half of sponsored transactions are displaying greater than 10x purchase price multiples.
Risk premium for second-lien loans widens
Source: Debtwire Par The risk premium for second-lien loans has widened in recent months. For borrowers that issued both a…
Loan Stats at a Glance - 7/29/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Private Debt Intelligence - 7/29/2019
Private Debt Dry Powder Falls in Q2 [wpdm_package id=’26914′] The available capital held by private debt fund managers fell in…
Deals with no LIBOR floor or 0% floor decline slightly in July
Libor rates have been on the decline this year. As of July 24, the 3-month Libor rate was 2.27%, 54bp…
Private Debt: Search for Transparency (Last of a Series)
“There is no passive option in direct lending.” So begins “Selecting Direct Lending Managers,” Chapter 13 in Steve Nesbitt’s Private…
An energy boost for infrastructure debt
The strategy has plenty of supporters in the investor community, as the latest PDI fundraising figures demonstrate. Private debt fundraising…






Smooth Sailing
“How do you come up with all the ideas for your columns?” That’s a question we frequently hear from readers.…