Private Market Q&A: Lynsey Fitzgerald and Mark du Four – Q3 2023

Join Lynsey Fitzgerald, Head of Consultant Relations, and Mark du Four, Managing Director & Head of Private Capital Markets, as they provide a brief recap below of third quarter market activity.

Lynsey and Mark discuss several key topics from the third quarter including:

• What was the impact of climbing treasuries rates on leveraged credit markets, both public and private?
• Did deal flow pick up over the past quarter and did that result in attractive deals? Specifically, have sponsors favored one side of the market vs another this time around? (i.e., public vs private)
• How will higher-for-longer rates impact capital structures and the demand for senior vs junior debt going forward? Bank loans vs HY?
• Perspectives on today’s initial conditions of higher inflation, higher rates following an unprecedented era of easy money, and a large footprint of cheap senior debt that few are willing to completely reprice.

Read the full commentary here.