Private equity backed portfolio company performance remains robust as market participants remain cautiously optimistic.
Click below to navigate to each page
Observed spreads on Junior debt and Unitranche facilities saw mixed movements throughout 2019 and remain below 2017 levels, reflecting continued competition in the private credit space
Note: Summary statistics represent averages and are adjusted to exclude outliers
(1) Count is displayed as total Unitranche / total Junior (Unitranche count not included in Junior count); (2) Median EBITDA for both Unitranche and Junior facilities; 2019 Q4 increase due to smaller sample size
Leverage and enterprise value multiples observed during Q4 2019 remained in line with historical averages
Note: Summary statistics represent averages and are adjusted to exclude outliers; 2019 Q3 EV multiple increase due to abnormally high concentration of deals in higher multiple industries (Business Services, Healthcare, Technology) as compared to other quarters