Half-year Highlights H1 2023 - Termgrid

Half-year Highlights H1 2023

We’re thrilled to share some updates and insights from Termgrid platform activity in the first half of 2023.

Institutional adoption continued to accelerate:


● Over 200 institutions were onboarded onto Termgrid in H1 2023, nearly 70% YoY Growth vs. H1 2022
● The rate of new users grew even more rapidly with over 90% YoY Growth vs. H1 2022. Over 8.5k investment professionals are now active on Termgrid.

Market activity bounced back:


● Transactions in U.S. and EMEA picked up in Q2 with deals launched up 65% vs. Q1. The busiest month for transactions launched was May.
● The platform facilitated the debt financing of one of the largest leveraged loan transactions in Europe so far this year, BPEA EQT’s €2bn refinancing of Nord Anglia Education.

Deal collaboration reached record levels:


● On one deal a sponsor used the platform to manage 75 different institutions, representing over 350 participants – a new Termgrid record.
● Sponsors engaged an average of 11 lending institutions and 31 lender users per deal.

Termgrid's private credit platform highlights H1 2023