Private equity portfolio companies in the US are on course in 2023 to post the highest number of annual bankruptcy filings since 2010, as credit tightening and interest rate hikes push highly leveraged companies toward nonperforming status.
In the first half of 2023, 338 US companies filed for bankruptcy protection, including 54 companies with private equity or venture capital backing, according to an analysis of S&P Global Market Intelligence data. READ MORE