Private Debt Intelligence – 6/14/2021
Mega deals on upward trend in 2021
The number of mega private debt deals (transaction of $1bn+) had been steadily decreasing since the 48 mega deals that were completed in 2017, but H1 2021 has seen an uptick in activity. Last year, the average deal size stood at $85m and 2020 saw 31 deals with a deal value greater than $1bn. So far, 2021 has already seen 21 deals greater than $1bn, and as COVID-19 support measures are wound down, there is expected to be an increase in the number of deals, with distressed debt funds in particular sitting on substantial amounts of dry powder.
(Past performance is no guarantee of future results.)
Contact: Laura Messchendorp
laura.messchendorp@preqin.com
Latest news
US Leveraged Loan Launches Exceed $30b in post-Labor Day Rush
The US leveraged loan market recorded $24.6b of new launches on Tuesday, September 8, marking the busiest post-Labor Day surge…
PE fund distribution rates
Following 2021, buyout distribution rates have fallen to roughly 10% to 15% below the 25-year average.
