Dylan Thomas

Jul 31, 2024 | spglobal.com | Dylan Thomas

KKR & Co. Inc. co-CEO Scott Nuttall said signs of revival in global M&A and IPO markets were shaping his optimistic outlook for the back half of 2024. "The macro inflation and [interest] rates backdrop has improved, markets are open and the deal market is back," Nuttall said as KKR, which joined the S&P 500 in June, reported second-quarter earnings July 31.

Jul 11, 2024 | spglobal.com | Dylan Thomas

Barclays Capital Inc. led the private equity financial adviser rankings in the second quarter, advising on six of the 20 largest private equity and venture capital deals announced between April 1 and June 30, according to S&P Global Market Intelligence data. The six transactions Barclays advised on resulted in deal credits totaling $39.12 billion, larger than any other adviser in the second quarter.

Jun 13, 2024 | spglobal.com | Dylan Thomas

Rate Check: Aging portfolios weigh on private equity managers Buyout fund managers just finding their footing in the higher-for-longer interest rate environment have to deal with a backlog of portfolio companies investors are eager to exit. The rate-hiking cycle that kicked off in March 2022 dented corporate valuations, dampened M&A activity and stifled IPOs, prompting private equity general partners (GPs) to put off exits until conditions improved.

Mar 27, 2024 | spglobal.com | Dylan Thomas

Private equity-backed M&A in the asset management industry fell sharply in 2023 even as firms buoyed dealmaking in US wealth management. The announced value of global private equity- and venture capital-backed M&A targeting asset managers declined 50% year over year to $8.33 billion in 2023, according to S&P Global Market Intelligence data.

Feb 12, 2024 | spglobal.com | Dylan Thomas

Global private infrastructure fundraising fell off sharply in 2023 despite the convergence of several investment tailwinds, including decarbonization, digital infrastructure expansion and the onshoring of supply chains. Infrastructure funds raised $87.75 billion in aggregate last year, down 50.2% year-over-year from $176.08 billion in 2022, according to Preqin. But signs of a turnaround were brewing early in the year, with Preqin reporting $5.67 billion in fundraising as of Jan. 23.