Our Chart of the Week, courtesy Preqin, highlights how both US and European fundraising for private debt came into Covid with a head of steam. That momentum slowed in the wake of the pandemic last year. Since then, however, things have picked up. Our content partner, Private Debt Investor, recently published some excellent commentary related…
Fundraising for private debt in both US and Europe was strong coming into Covid, fell off, but is recovering.
July Sees Uptick in Chapter 11s; Limetree Bay Leads Two Energy Filings This Week Eight chapter 11 cases filed between Monday and Thursday this week as July proves to be much more active than the previous month. The biggest case of the week was St. Croix-based oil refinery operator Limetree Bay Energy, whose capital structure…
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Past performance is no guarantee of future results.) Contact: Steven Miller
Markets prove their resilience Performance is on the up and deals are being done as firms show determination to fight their way through the pandemic. It sounds strange, given the harrowing events of the last 18 months, to be talking about markets surpassing all previous landmarks. But there’s no denying that bullishness is very much…
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Calculating European direct lending volume is a bit dodgy. But we can triangulate from other metrics. The par amount of all leveraged loans was €15 billion in 1998, per S&P/LCD. It grew to 140 billion before the GFC, and is now a record €240 billion. Conservatively assuming one-third is held by non-banks, that puts it […]
2Q21 middle market syndicated loan volume of US$46bn was at its highest since 2Q18 The syndicated middle market was at full speed in 2Q21 with volume soaring to its highest level in 3 years at US$46bn. New money lending of US$23bn was up 30% from 1Q20 and was at levels not seen since 2017. Refinancing…
Average Minimum Day-One Capped Basket Capacity, Quarterly (Past performance is no guarantee of future results.) Contact: Steven Miller