Private equity backed portfolio company performance remains robust as market participants remain cautiously optimistic.
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Note: Adjustments to EBITDA as a percentage of Adj. EBITDA are calculated by dividing EBITDA adjustments by the concluded EBITDA as used for valuation purposes. EBITDA adjustments are available for approximately 75% of companies in the database. EBITDA adjustment limit data from ~1,500 Credit Agreements from 2017 to present