Private Debt Intelligence – 5/20/2024

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THE LEAD|May 22, 2024
Content hub / Article / Private Debt Intelligence – 5/20/2024
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Is an IPO revival in the pipeline?

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The IPO market ran cold in 2023 as high global interest rates, continued volatility, and poor after-market performance led companies to hold off, and wait for a more stable macroeconomic climate. There were just 73 IPOs of private equity-owned companies, bringing in $17.54bn and accounting for 4% of the total exit value. In the first quarter of 2024, the IPO exit value proportion more than tripled to 15% from 15 exits, with fund managers hoping for a continued resurgence. There were also 139 secondary buyouts last quarter, second only to trade sales, which accounted for 212 exits (48%) and brought an aggregate exit value of $20.4bn.

Read Preqin’s ‘Trending Data: The shape of buyout exits in Q1 2024’ for more information.

Contact: William.Bennett-Lynch
William.Bennett-Lynch@preqin.com

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Business development companies and the rise of balance sheet financing vehicles

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Business development companies and the rise of balance sheet financing vehicles

Fitch's Deb Murnin and Chelsea Richardson discuss the growing use of off-balance-sheet JVs and finance companies among BDCs, exploring the drivers, leverage impacts, portfolio risk profiles, and potential rating implications for Fitch-rated BDCs.
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Private Debt Investor New York Forum

September 15-16, Hudson Yards, New York

Private Debt Investor New York Forum

Bringing together the investors, managers and advisers shaping the next phase of the market — 200+ allocators and $10.6 trillion of LP capital expected. Benchmark strategies, hear from leading LPs, and cut through market noise over two unmissable days.
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US Private Credit League Tables H1'26

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US Private Credit League Tables H1'26

The definitive rankings covering private credit activity in H1'26.
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PitchBook's Q2 2026 US PE Breakdown

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PitchBook's Q2 2026 US PE Breakdown

Software freezes and energy powers on as US PE deal value falls 38% in Q2 2026.
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Making sense of private credit defaults

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Making sense of private credit defaults

What does private credit default data really tell us? Join our exclusive webinar featuring experts from KBRA, Moody's, Fitch Ratings, and S&P Global to find out.
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