Debt

Private credit vehicles raised $57 billion in the first half of the year, buoyed by appetite for distressed strategies, according to research firm Preqin.

Insurers have become the biggest U.S. investors in the market, topping banks and hedge funds to amass a third of all domestic holdings.

Private equity-owned companies are again raising debt to pay their owners dividends, just as warnings sound about saddling businesses with more leverage in the midst of a downturn.

Lenders estimate that over the next five years, some 10 percent of new U.S. leveraged corporate loans could end up happening in the private market, a major shift from a year or two ago when large private deals were rare.

The big drop in CLO equity this year signals investor fear that this downturn will be more like the 1998 to 2003 period, where company defaults rise and stay elevated over the course of years, and profiting from improving prices in loans is hard.

The biggest movie theater chain in the U.S. and Europe with about 1,000 theaters and 11,000 screens across the globe, was forced to close all of U.S. locations in March after public officials placed limits on public gatherings to prevent the spread of the virus.

Force majeure events and market volatility caused by the coronavirus pandemic threaten growth prospects for a large segment of U.S. businesses.

The Federal Reserve chairman pledged to use every tool at the central bank's disposal to limit the economic fallout from the coronavirus and urged lawmakers to take further action.

Genuine economic deterioration is a primary risk to private capital markets, says PitchBook .

Golden Gate-backed Angel Island raises new fund. HP rejects Xerox's buyout offer. More deal news from General Atlantic and TA. William Blair and Piper Sandler among top investment banks. HarbourVest and Genstar among top PE firms. Dealmakers from Riverside, Merrill Corp. and Paul Hastings weigh in on the coronavirus impact on the middle market.