Webinar date: June 9, 2020
Webinar time: 10:00 a.m. PT
PitchBook analysts will cover the entire private debt market landscape including direct lending, venture debt, special situations and distressed debt. Join us as we dissect the data from early 2020 and provide an outlook for each strategy given current market dynamics.
Main points include:
- The COVID-19 slowdown created a wave of distressed opportunities. Which investors were first to act and why is this time different from the GFC?
- Direct lenders are highly dependent on private equity for deal flow, but those transactions are likely to slow considerably. What happens to all the dry powder waiting to be deployed?
- Founders and CEOs need to find ways to lengthen cash runways if COVID-19 has taken a bite out of revenues. Raising equity in the current market is unfavorable and may push startups to look for venture debt.
- An increase in lenders practicing in the venture debt space has driven competition and moved the market toward founder-friendly debt terms. However, market conditions may push over-extended lenders back to their standard strategies.
Lead Private Equity Analyst, PitchBook
Dylan Cox is the Lead Private Equity Analyst at PitchBook and heads up the firm’s coverage of private equity and private credit. Cox oversees a team of private equity analysts producing quarterly industry reports and thematic analysts notes, as well as additional IP such as performance indices and fund valuation models. Cox’s expertise has been cited in numerous top tier publications including Fortune, Institutional Investor and the New York Times. Prior to joining PitchBook, Cox was an analyst at real estate investment fund Core Capital.
VC Analyst, PitchBook
Kyle Stanford is a VC Analyst at PitchBook, where he covers nontraditional VC investment and contributes to quarterly core reports and produces thematic analyst notes on various topics. Prior to this role, he worked on PitchBook’s publishing team, building and designing custom reports across all asset classes while also supporting the analyst team’s core report development.