Bloomberg and Middle Market both featured Katten's 2021 Private Credit Survey Report in a recent article about how deal activity in the private debt market is still at risk due to the COVID-19 pandemic, despite increases in fundraising and deals.
Katten's Private Credit Survey Report, which was launched in February, featured a survey of 112 private credit industry professionals showing how a large percentage of private equity investors and lenders in the private credit industry expect deal flow to increase in 2021 and are optimistic about several deal categories and sectors, such as financial services, information technology, communications services and health care.
The survey also reported that 19 percent of private equity investors and 21 percent of lenders believe deal flow will increase by more than 30 percent in the market and around 65 percent of private equity investors and 41 percent of lenders said loan documents are more flexible than they were before the pandemic.
Bloomberg and Middle Market refer to continued high unemployment and uncertainty among some industries that were hit hard by the pandemic as reasons to be cautious and reference one of the findings in Katten's survey that demonstrated how half of private-equity firms expect to be more aggressive in conversations with non-bank lenders in 2021 compared to the first half of 2020.
Private Debt Isn't Out of the Woods From Pandemic, Varagon Says, Bloomberg
Private Debt Isn't Out of the Woods From Pandemic, Varagon Says, Middle Market
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