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
Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
|
August 12, 2026 
Lead Left Interview - Michael Ewald (Part 2)
This week we continue our conversation with Michael Ewald. Michael is a Managing Director, the head of the Private Credit…
The Pulse of Private Equity - 1/30/2017
PE Fundraisers As Successful as Ever, Suggesting Industry’s Maturation
89% of private equity funds closed in the US last year, against a backdrop of healthy fundraising levels—252 vehicles combined for a total of $180 billion committed. This decade-high proportion of fundraising success leads one to the most evident conclusion that limited partners are still eager for exposure to the asset class. Combined with the historically strong median buyout fund size of $250 million in 2016…
Private Debt Intelligence - 1/30/2017
Private Debt Fundraising by Geographic Focus
Preqin’s latest data finds that through 2016, 130 private debt vehicles reached a final close raising a combined $92bn in another strong year of fundraising for the asset class. However, the year also saw greater capital concentration in the more developed markets of North America and Europe as managers looking to invest in Asia and Rest of World struggles to attract the same levels of capital…
Capital Hill
Sponsors for club buyout financings are putting in more equity capital than either their broadly syndicated or larger middle market counterparts.
Loan Stats at a Glance - 1/30/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Unitranche volume grows while deal sizes get bigger
Unitranche volume grows while deal sizes get bigger
As money continues to pour into the middle market searching for yield, the unitranche structure continues to gain traction. Unitranche volume reached US$13.3bn in 2016, up from US$8.5bn in 2015. Bigger deals were seen in 2016 as more and more lenders continued to build scale and increase their hold size. The average deal size was $198M in 3Q16 and $129M in 4Q16. But 50% of unitranches continue to be in the $0-$100M deal size area…
Covenant Trends - 1/23/2017
Contact: Steven Miller smiller@covenantreview.com
The Pulse of Private Equity - 1/23/2017
US PE company inventory still poses questions
As of the end of 2016, there were 7,168 companies backed by private equity firms in the US. That represents a 46% increase over the 4,923 recorded in 2009. Even though the majority of those businesses are on the younger side in terms of when they were invested in, there is still a significant portion that has been held for over six years. Part of that is due to slowing exit activity throughout last year, but it also raises questions about portfolio company quality…
A Year in Review (Last of a Series)
2016 was the Chinese Year of the Monkey. We’re not sure what this meant, or how it applied to the…
Lead Left Interview - Michael Ewald
This week we chat with Michael Ewald. Michael is a Managing Director, the head of the Private Credit Group and…
Private Debt Intelligence - 1/23/2017
Mezzanine Vehicles Drive Private Debt Fundraising in 2016
2016 saw 141 private debt vehicles reach a final close raising a combined $89bn, a slight slowdown from the 156 funds that secured a record $97bn of investor capital in 2015. However, 2016 still marked another year of extremely robust fundraising with investor appetite for the asset class showing no signs of diminishing.
Direct lending funds accounted for the highest number of vehicles closed through the year with 51 vehicles raising a combined $24bn…
Trading Places
Spreads for facility sizes of $100 million or less approached 500 bps over Libor at year-end; larger deals contracted to around 450 bps.
2017 – A Look Ahead (First of a Series)
If we learned one thing in 2016, it was that predictions of many sorts went awry. From national departures from…