Abby Latour

1 month ago | pitchbook.com | Abby Latour

The sale of Boeing’s Digital Aviation Solutions assets, including Jeppesen, to Thoma Bravo will be financed by a private cash-flow unitranche loan, market sources said. Apollo is administrative agent. Lenders are Apollo, Blackstone Credit, JPMorgan Private Credit, Golub Capital, KKR, Oak Hill, Ares, Blue Owl, PSP, and Thoma Bravo Credit Fund, market sources said. No further details were immediately available.

Mar 7, 2025 | pitchbook.com | Abby Latour

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Feb 13, 2025 | 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.

Feb 3, 2025 | 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.

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.