TheLeadLeft
The Pulse of Private Equity – 9/6/2021
Emerging manager performance Download PitchBook’s Report here. A new PitchBook analyst note, Beyond Fund I, dives into several emerging manager topics. A few surprises stood out. The chart above, for example, shows fairly static performance between a manager’s first fund and subsequent ones. Debut funds do, though, see the most performance variation compared to later funds,…
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Leveraged Loan Insight & Analysis – 9/6/2021
BDC asset valuations post gains in 2021 BDC’s have benefited from rising asset valuations in recent months, with both loan and equity holdings posting gains. During 2Q21 (the most recent quarter for which data is available), the weighted average mark on BDC debt holdings climbed to 97.71% from 97.18% in the prior quarter and is…
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Middle Market Deal Terms at a Glance – September 2021
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Supply Chain Blues (First of a Series)
We’ve all been there. You try to re-order your favorite beverage, sneaker, exercise bike, or cleaning product, and it’s out of stock. The dynamics behind these supply chain issues differ depending on the situation. Some manufacturers are still playing catch-up with consumer demand in areas such as home improvement and fitness. Others are challenged by…
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Chart of the Week: Higher, but Longer?
Growth in the US has slowed, while prices are on the upswing…but for how long?
LevFin Insights: High-Yield Bond Statistics – 9/6/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Debtwire Middle-Market – 9/6/2021
Institutional loan pricing shifts wider in August Source: Debtwire Par To begin the year, a surge of repricing and refinancing activity helped to push loan pricing to historically tight levels – in January, when repricing volume spiked to USD 43.2bn, average margins on institutional first lien loans fell to just 333bps, with yields averaging 3.92%….
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