Catalina, Bi-Lo, Extraction Lead Gainers; Cenveo, Appvion, Garrett Motion Lead Decliners; Hertz Expects to Emerge by End of June The following chart reports the week’s top gainers and losers in percentage terms of average quotes, as reported by Solve Advisors. Recent news on certain of the gainers and decliners is shown in this chart as…
Germany’s direct lenders make their mark The country’s once-dominant banks have seen their share of the lending market steadily eroded by alternative finance sources. It must have been around four or five years ago. The venue was London and a delegate at Private Debt Investor’s latest Capital Structure Forum was expressing the view that Germany…
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Higher inflation generally impacts fixed income assets negatively as increased rates erode bond values. Yet so far, as our Chart of the Week shows, those rates have actually decreased, resulting in fixed income instruments returning better yields for the second quarter. Higher rates will benefit floating-rate instruments. As our high-yield bond friend Marty Fridson reported […]
Beginning in January 2021 The Lead Left published a series of articles on the five biggest private capital surprises of 2020. This report consolidates those articles.
Direct Lending Industries Year to Date Contact: Kelly Thompsonkelly.thompson@dldeals.com
At $167.3bn 2Q21TD institutional activity trails 1Q21 levels With two weeks left in 2Q, the pace of institutional loan issuance has eased from 1Q21 bull market levels to log US$167.3bn in volume so far, compared to US$261.8bn recorded in 1Q. Issuance was broken out between US$94.4bn of new money and US$73bn of refinancing activity. The…
COVID’s impact on restaurants, hotels and leisure Download PitchBook’s Report here. PitchBook’s latest US Middle Market Report was released this week. Middle-market trends were in line with broader PE trends, with Q1 notching the second-highest totals ever seen, behind the record-breaking fourth quarter. We’ll re-visit other themes in the report next week. One of the spotlights…
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Say what you will about last year’s Covid-induced downturn in the US beginning in March. But it paled in comparison to the UK’s economic cratering. Not since the Great Frost of 1709 had that proud nation suffered such a dramatic slump. Europe, in various degrees, followed suit. But then, like the US, Europe and the…