Abby Latour

New York

Editorial Lead at PitchBook

Journalist. Writer. Credit Markets. @SPGlobal @thomsonreuters

Featured in: Favicon

pitchbook.com Favicon

forbes.com Favicon

spglobal.com Favicon

dailymaverick.co.za Favicon

theasset.com Favicon

golubcapital.com Favicon

middlemarketgrowth.org

Articles

Q1 Global Private Credit Survey: Spreads tighten, optimism cools

1 month ago | pitchbook.com | Abby Latour

Want to see more? Fill out the form below. I agree to PitchBook’s privacy policy
Slowdown for private companies could extend PE hold times – Lincoln - PitchBook

2 months ago | pitchbook.com | Abby Latour

A slowdown in the growth of private companies could hamper efforts by private equity firms hoping to sell their portfolio companies in 2025, leading to even longer hold times, Lincoln International said in its Q4 private market index (LPMI). Lincoln said 58% of companies it tracked showed EBITDA growth, which was the lowest such reading since Q3 2022. Moreover, EBITDA growth of 3% last year was below the 4% it tracked in 2023. Revenue growth slowed to 6% in 2024, from 8% in 2023.
Fintech platform takes on ABF syndication, with eye on private credit trading

2 months ago | pitchbook.com | Abby Latour

Nelson Chu, founder and CEO of Percent, a fintech software platform that facilitates syndication of asset-based finance investments, quickly uncovered the pain points that stymie syndication and secondary trading of loan portfolios. In the early days since Percent’s founding in 2018, the company’s staff found themselves in the unenviable position of managing orders for slices of loan portfolios on a first-come, first-serve basis, relying on email and manual signatures.
Private credit default rate rises in Q3 on YoY basis – Proskauer - PitchBook

Oct 24, 2024 | pitchbook.com | Abby Latour

The overall private credit default rate increased to 1.95% in the third quarter, from 1.41% in the year-ago equivalent period, and the default rate for borrowers in the core part of the market rose to 3% in the latest period, according to the Proskauer Private Credit Default Index published on Oct. 24. The Proskauer Private Credit Default Index tracks 872 senior secured and unitranche loans representing $152.1 billion in principal at issuance.
Private credit continues to evolve, disrupt the lending landscape

Oct 2, 2024 | pitchbook.com | Abby Latour |Marina Lukatsky

Want to see more? Fill out the form below. I agree to PitchBook’s privacy policy
More zombies, less info: Study warns about consequences of private credit growth

Jul 17, 2024 | pitchbook.com | Abby Latour

The “meteoric rise” of private credit into a market potentially larger than the combined size of syndicated loan and bond markets has significant consequences for corporate governance, corporate valuations, and distress, among other issues, according to an academic paper.
Opportunity knocks: Leveraged loan dividend deals take flight

Jun 14, 2024 | pitchbook.com | Marina Lukatsky |Jonathan Hemingway |Abby Latour

Want to see more? Fill out the form below.
Private credit refinancings set record pace

Jun 7, 2024 | pitchbook.com | Abby Latour |Marina Lukatsky

Want to see more? Fill out the form below.
Trend shifts from private credit back to syndicated loans, but not for all

May 31, 2024 | pitchbook.com | Abby Latour |Marina Lukatsky

Want to see more? Fill out the form below.
Abby Latour - PitchBook

May 31, 2024 | pitchbook.com | Abby Latour |Marina Lukatsky |Madeline Shi

In choosing between a private credit loan and the broadly syndicated loan market, it’s not always just about spreads. LCD data show that private credit lenders are responding to market pressures by offering loans at spreads closer to with what’s on offer in the syndicated loan market.