In July, Jefferies’ Private Capital Advisory team released its mid-year review of the secondary market, consolidating discussions, surveys, and research from the market’s biggest and most influential limited partners, general partners, and secondary buyers. This report follows Jefferies’ H2 2023 secondary market review, which predicted near-record secondary volume, higher LP pricing, and a sustained capital […]
As 2024 begins, tech dealmaking continues to recover gradually – a trend that may endure for months or potentially longer – but be ready for it to shift suddenly.
Philip Noblet, Head of UK and Ireland Investment Banking at Jefferies, discusses October inflation data and its potential impact on dealmaking.
October 2023 Quarterly Insights
David Zervos is skeptical the Fed will be able to quickly declare victory over inflation and expects that a solid economic outlook should translate to a more restrictive Fed, for a longer duration.
It is common for highly levered sponsor-backed companies with liquidity needs and/or upcoming maturities to engage in liability management exercises, which often includes creating a new priming tranche of secured debt (an “Uptier”) or transferring assets out of the secured collateral package (a “Drop Down”).
Specialty finance companies experienced positive momentum during the second quarter and summer of 2023. Sustained demand for credit from both consumers and alternative funding, along with some encouraging macroeconomic trends, drove continued growth.
Jason Greenberg, Co-Head of Global Technology, Media, and Telecom Investment Banking, shares insight into the current investment landscape and the challenges associated with dealmaking.
Jefferies’ Private Capital Advisory team discusses tailwinds that will nudge more LPs and GPs to use secondary transactions as a tool for preserving liquidity and offering access to upside.
Economic headwinds led to depressed equity valuations across the De-SPAC universe. Are these now viable acquisitions for public companies seeking alternative financing?