1Q 2023 Update: Middle Market Credit Spreads, Required Returns
Direct lenders and PE sponsors: while negatives remain, markets remain stable quarter-over-quarter.
Direct lenders and PE sponsors: while negatives remain, markets remain stable quarter-over-quarter.
In the fourth quarter of 2022, prices increased quarter-over-quarter considering an improved market tone, and resulting in tighter syndicated secondary credit spreads versus Q3 levels.
VRC and Eversheds Sutherland discuss questions fund boards are asking as they implement the new valuation rule.
Sustained Sell-Off in More Liquid Markets Since 2021 Continues to Impact Direct Lending Markets in 3Q 2022
Growth in the venture debt market space has been explosive – growing from $4.4 billion in total deal value in 2010 to about $33 billion last year.
What makes valuing venture debt investments unique compared to debt investments in more established companies?
The new buzz phrase—”monthly valuation”—is taxing internal valuation teams and redefining relationships between fund sponsors and valuation providers.
Learn why eminent private fund managers and their boards rely on our team.
VRC’s Rule 2a-5 Resource Guide provides the details fund managers and fund boards need to come into compliance with the SEC’s new regulations to fair value portfolio securities.
The SEC has been clear. They will continue to keep a close watch on SPAC filings and disclosures and their private targets.