Strategic Alternatives
Insurance’s Resurgence and BDC Competition
Apr 23, 2024
RBC's J.T. Deignan and Neil Chawhan discuss the resurgence of insurance and BDCs in equity capital markets. They explore insurance pricing trends, IPOs, management competence, balance sheet strength, private credit influence, and the growth in IPO activities for alternative asset managers.
15:38
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Quick takeaways
- Insurance companies showing interest in IPO capital raising with successful transactions and significant post-IPO performance.
- Increased investor interest in private alternative asset managers going public for growth opportunities in the asset management sector.
Deep dives
Increase in Financial Services ECM Activity
There has been a rise in insurance and BDC activity, leading to a growth in FIG ECM market. Insurance companies are considering moving towards IPO capital raising. The sector has seen successful transactions, with companies experiencing significant performance following their IPOs. BDCs have also shown increased activity in capital raising for growth.
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