Loan Stats at a Glance – 5/10/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
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The Pulse of Private Equity – 5/3/2021
PE a growing force in M&A Download PitchBook’s Report here. Private equity is accounting for a growing share of M&A transactions. PitchBook’s just-released Global M&A Report shows that PE deals made up about 37% of all acquisitions last quarter, continuing an upward trend from the low 20s less than a decade ago. Last year PE transactions…
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A New Benchmark for Direct Lending
Private debt practitioners have noted the shortage of credible benchmarks against which to compare various managers’ performance. Well, our friends at Lincoln International have decided to do something about it. Their team has developed a loan index created from the 2400 private companies they value. Leveraging expertise across that broad middle market portfolio affords Lincoln […]
LevFin Insights: High-Yield Bond Statistics – 5/3/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Leveraged Loan Insight & Analysis – 5/3/2021
More deals get done with a Libor floor in April There has been a shift in the institutional market in April as more new money loans hit the market. In 1Q21, limited supply led to issuer friendly terms and low pricing. Downward price flexes dominated in 1Q21, and issuers took advantage to reprice their loans….
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The Lincoln Senior Debt Index (Second of Three Parts)
Private debt, compared to private equity and real estate, is a relatively recent entrant to the alternative asset class. But that market has grown faster than others over the past decade. In 2007, just before the Great Recession, private debt AUM measured less than $200 billion. Today the universe of illiquid credit is $900 billion…
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Chart of the Week: Libor Pains
While Libor has slumped since 2018, Libor floors and direct lending spreads have remained in a range.
