US Private Equity 1Q Beakedown
After 2018’s blistering pace of dealmaking, 2019 has gotten off to a sluggish start. Poor performance in leveraged loan and high-yield markets during 4Q 2018 had an adverse impact on the cost of [...]
US Economy and Rates Update March 31, 2019
Key Highlights The Fed’s move to a median of zero hikes this year was a surprise. Analysts and the markets underestimated Chair Powell’s appetite to deliver a preemptive strike [...]
Private Equity Lending League Table 2018 Annual Report
Leverage Loan Market 2018 Overview Summary Leveraged institutional activity declined 21% over the prior year. At US$730bn, institutional issuance remained elevated this year but was 21% off [...]
US Economy and Rates Update January 15, 2019
Key Highlights We were early last year to call for just two hikes in 2019, initially placing them in March and June. With “patience” returning to Fed policymakers’ [...]
US Private Equity Middle Market 2018 Annual Report
In 2018, the US PE middle market results: $427.9 billion total deal value across 2,971 deals (increases of 14.8% and 15.1% YoY, respectively) $187.6 billion total exit value across 876 exits [...]
US Economy and Rates Update March 5, 2019
Key Highlights The US is moving through the trough in GDP growth now, with 1Q tracking at just 0.5%. Thereafter, a sizeable rebound to 2.3% in 2Q is then followed by average growth of 2.1% in the [...]