Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Percentage of Loans with Asset Sale Sweep Step-downs (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Defaults stay subdued for now The latest Proskauer study suggests loans are demonstrating impressive resilience but there should be no room for complacency. Defaults may not provide a conclusive picture of the amount of stress in the private credit universe but they’re still one of the best – and most commonly referenced – measurements that…
Google searches for “tariff” hit a peak around Liberation Day but have trailed off since. Source: Google Trends
This week we look at questions from clients and friends surrounding the issue of tariffs. Not surprisingly, as we’ve discovered in our recent travels, interest in the topic has accelerated (see our Chart of the Week). The origin of the word is obscure. By one account, it derives from the Arabic “ta‘rif,” meaning “notification” or…
In our travels last month to Perth, Melbourne, and Sydney, we had over twenty meetings with clients and friends that included superannuation funds, wealth management firms, financial advisory and consultants, and private banks. As we discovered in other locales, private credit continues to gain in acceptance there as a valuable alternative to liquid assets, both […]
Lenders offer deep discount on new loans in April To Monitor Upcoming US Institutional Loan Issuance, run PREL <GO> from a Bloomberg Terminal Primary issuance has come at a discount amid a broader selloff in the leveraged loan secondary market, which has led bids to decline to an average of 95.77 on April 30th from…
Direct lending versus buyout fund distribution rates Download PitchBook’s Report here. In the 12 months ended Q2 2024, private debt returns outpaced all other private market asset classes…. Subscribe to Read MoreAlready a member? Log in here...
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.5% as of 28 April, down from four-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business development…
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com