Lincoln Private Market Index Continued to Climb in the First Quarter on the Back of Steady Earnings Growth
For the 12th consecutive quarter, the index’s growth was primarily driven by positive financial performance rather than multiple expansion.
- For the 12th consecutive quarter, the index’s growth was primarily driven by positive financial performance rather than multiple expansion.
- For the fourth consecutive quarter, the percentage of companies achieving LTM EBITDA growth increased, with 63.0% of companies tracked by Lincoln demonstrating EBITDA growth in the first quarter.
- Two-thirds of private market participants surveyed by Lincoln International in Q1 2024 indicated an expectation that private company M&A activity would resume in the next six months.
- Notably, the Lincoln Senior Debt Index (LSDI) increased to 98.4% from 97.9% at the end of 2023 reflecting these trends.