LevFin Insights: High-Yield Bond Statistics – 3/8/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Debtwire Middle-Market – 3/8/2021
LBO loan issuance lags in 1Q21 Source: Debtwire Par It has been a busy start to the year in the leveraged loan market, though not when it comes to loans backing LBO activity. New money loan transactions, and LBOs in particular, have struggled to keep up with demand from lenders, prompting a surge in institutional…
Reflation Nation (First of Two Parts)
In February 1983 your correspondent bought his first house with a 13% 30-year fixed rate mortgage. Why fixed? Because the year before, the 30-year had soared to almost 18%. Higher interest rates were a fact of life. We stubbornly stuck to the fixed rate option in succeeding refis over the next two decades. Since the…
Chart of the Week: Price Chopper
Since the Volcker Shock of 1980 consumer prices have fallen to a range of 2-3%.
Private Debt Intelligence – 3/8/2021
IPE Real Assets – Real Estate & Infrastructure Fundraising Real Estate Fundraising Real estate fundraising activity started at a slow pace in 2021. So far in 2021 (as t 10th March 2021) just 34 funds have been closed raising $15bn. In terms of capital raised, Q1 2021 has registered the lowest figures since Q1 2013….
Loan Stats at a Glance – 3/8/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
PDI Picks – 3/8/2021
The allure of Asia Pacific Investors have set their sights on the region, perhaps noting the tightness of the documentation. Past research by Private Debt Investor has found Asia Pacific only accounting for around 5 percent of global private debt fundraising, with capital committed to the region a drop in the ocean compared with North…
The Great Reception: Capital Markets
We continue our special series on The Great Reception, a year that’s welcoming all investors. This week we look at the capital markets: funds flow, asset behavior and deal quality. With each passing day, the light at the end of the COVID tunnel grows brighter. That newfound optimism has put upward pressure on interest rates. […]