TheLeadLeft

PDI Picks – 11/9/2020

Are the clouds beginning to lift? The deal market is showing signs of picking up, as positive news on a covid-19 vaccine brings hope even to the worst-hit sectors. Speaking to sources in the private debt market has been a surprisingly uplifting experience recently. Following many predictions of doom and gloom in the spring of…

Private Credit: Not So Scary

150 million US adults will “participate in Halloween-related activities,” according to a survey. 53% will decorate their homes and 18% will “dress up their pet.” We tried to imagine getting our cat Serena into a pumpkin costume. Not happening. But we are encouraged Americans are spending for the second-costliest holiday of the year. Putting cash […]

The Pulse of Private Equity – 11/2/2020

Public PE is recovering Download PitchBook’s Report here. PitchBook’s latest analyst note brings some good omens for the PE industry. The five biggest publicly traded PE firms—Blackstone, KKR, Apollo, The Carlyle Group and Ares—posted healthy performance metrics last quarter, including double digit gains for Blackstone and KKR. Beyond the top five, most publicly traded PE firms…

Leveraged Loan Insight & Analysis - 11/2/2020

Refinitiv LPC’s Quarterly Lender Survey: When do you expect to meet more than a handful of clients face to face? While the adjustment to working remotely has alllowed for new efficiencies, with lenders commenting that processes such as amendments for more straightforward asks could go through faster than pre-Covid, the challenge of sourcing new business…

Indecision 2020

It’s characteristic of the most bizarre year in memory that the presidential election has ended with a big “TBD.” An unsurprising outcome given the dynamics of voter turnout and mail-in ballots, as well as an almost perfectly polarized political climate. What continues to surprise is how little impact this uncertainty has had on the capital…