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Global green loan volume nearly US$6bn one month into 2019 Barely five weeks into the new year, nearly US$6bn in green and ESG loan financings have worked their way through the global market. At first glance it may not seem impressive given the nearly US$9.5bn that was raised the same time last year, but greenView Article
Bigger funds and lower margins Over 90% of 2018 vintage PE funds were larger than their predecessors. That’s the first time in more than ten years that percentage has crept above 90%, the last being 2006.Opportunism is certainly at play, though its much more modest this time around....View Article
The rise of the few in Europe In 2018, three European mega-funds raised more than one out of every three dollars focused on the region. A dominant theme in recent headlines has been concentrated wealth in the hands of the very few – and I’m not talking about income status. I’m talking about private credit....View Article
Strong Private Debt Deal Activity Leads to a Challenging Market The private debt industry has emerged as a vital part of the private investment market in recent years and due to strong fundraising, fund managers have had significant amounts of capital available to deploy: private debt dry powder reached a record $307bn as at JuneView Article
Flex activity in the US institutional loan market snaps back to favoring issuers again Flex activity in the US institutional loan market snapped back to being issuer friendly in January, after December heavily leaned towards investors. This allowed LPC’s Flex Factor’s median flex score to drop to a very issuer friendly score of -1.0 lastView Article
Beginning in October 2018 The Lead Left published a series of articles on loan recovery. This report consolidates those articles.
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for First Quarter 2019
Beginning in October 2017 The Lead Left published a series of articles on covenant-lite. This report consolidates those articles.