Chart of the Week: Return to Health
Much improved operating performance has driven down loan leverage metrics.
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Private Debt Intelligence – 11/29/2021
Direct Lending vs. Distressed Debt Over time, direct lending has slowly taken over from distressed debt as private debt’s largest strategy. At the end of 2016, direct lending had AUM of $156bn compared to distressed debt’s $185bn. But since then, direct lending has grown steadily to $452bn while distressed debt had grown more slowly, hitting…
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Covenant Trends – 11/29/2021
Rolling Tallies of MFN Sunsets (LevFin Insights) (Past performance is no guarantee of future results.) Contact: Steven Miller
PDI Picks – 11/29/2021
The year our manager ranking doubled in size As we moved from 50 fundraisers to 100 in our annual ranking, investor appetite for private debt has soared to new record levels. This year, we published the PDI 100 ranking of private debt’s top fundraisers over a five-year period. Having started with the PDI 30, we…
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Loan Stats at a Glance – 11/29/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
All Ahead Full – Themes for 2022
As investment managers run through the tape towards an incredibly productive 2021, many are asking what will the new year bring? No one could have foreseen a year ago vaccine success, or the 25% equities run-up. But we have have seen remarkable private credit performance over the past 24 months, so let’s highlight some key […]
The Pulse of Private Equity – 11/22/2021
Is infrastructure poised for a resurgence? Download PitchBook’s Report here. Infrastructure is much in the news these days, given the massive spending bill currently being legislated in the US government, as well as even more earmarks being discussed worldwide by other nations. The potential implications of such significant investment in infrastructure, particularly in digital and energy,…
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