Chart of the Week: Low Bar
More than 25% of loans have no penalties and only a one basis point incentive if ESG targets are met.
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Why ESG Matters: Asset Integration
Traditionally ESG resided in public equities given shareholder’s ability to change corporate behavior. But more sophisticated tools would be needed to track ESG compliance and opportunities. ESG integration describes how investors incorporate all aspects of environmental, social and governance in their risk analysis of a business or manager… ▶︎ Read May 9 2022 newsletter: here […]
Leveraged Loan Insight & Analysis – 5/16/2022
US LBO activity remains healthy, with volume totaling US$19.5bn so far this quarter LBO activity has remained steady despite persistent headwinds in the financial markets this year. Refinitiv LPC has tracked roughly US$19.5bn in completed syndicated and clubbed US LBO volume so far this quarter, after 1Q22 saw US$52.8bn in volume. 1Q22’s level made it the
The Pulse of Private Equity – 5/16/2022
Choppy fundraising ahead? Download PitchBook’s Report here. Market turmoil continues. The ripple effects will impact private equity deal flow and exits, and it will certainly impact fundraising. Our latest analyst note sees fundraising “tapering as demand outstrips supply.” PEGs have been returning and re-returning to the fundraising trail over the past few years, inundating LPs with
Debtwire Middle-Market – 5/16/2022
Institutional loan issuance shrinks as issuers ride out higher pricing environment Source: BofA US HY Index, Debtwire Par In the face of a host of macroeconomic headwinds, not limited to persistently high levels of inflation, rising interest rates, an ongoing war in Ukraine and supply-chain issues, and notwithstanding the emergence of the world economy from
Covenant Trends – 5/16/2022
Percentage of First Lien Loans with Affected Lender Voting Protection (Past performance is no guarantee of future results.) Contact: Steven Miller
LevFin Insights: High-Yield Bond Statistics – 5/16/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Why ESG Matters (Last of a Series)
We noted last week how various asset classes incorporate aspects of environmental, social and governance elements in their risk analysis of a business or manager. We wrap up our special series by examining how private credit integrates ESG into its various strategies. Credit managers are typically not involved in the direct management of businesses they
