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Private Debt Intelligence - 11/1/2021

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Direct lending hoovers up private debt capital Direct lending has attracted more capital than any other debt strategy since 2016. The ability to reduce risk by moving further up the capital structure has appealed to private debt investors…. Subscribe to Read MoreAlready a member? Log in here...

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Covenant Trends - 11/1/2021

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Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller

PDI Picks – 11/1/2021

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Five observations from the Global Investor 30 There are no signs yet of the pandemic having had any negative effect on investor enthusiasm for private debt. We look at five takeaways from our latest ranking of private debt’s top LPs. 1. Appetite through the roof Our latest ranking of private debt’s 30 largest investors shows…

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Private Credit in Full

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News reached us recently of a young walrus that had wandered south from his Arctic range in search of ice floes. Landing in Ireland, Wally began boarding luxury yachts. The property damage turned the whiskered wayfarer from “visiting celebrity to public enemy number one.” It all worked out, though, when a marine biologist enticed the […]

Debtwire Middle-Market – 10/25/2021

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Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…

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Leveraged Loan Insight & Analysis - 10/25/2021

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Middle market LBO direct lending surges to new heights It was a record setting quarter for middle market LBO direct lending in 3Q21, with volume surging to US$16.3bn, nearly double the 2Q21 level and 50% above the prior record set in 4Q20.  On a year-to-date basis, the US$33.9bn of middle market direct lending LBO volume…

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