Loan Stats at a Glance – 1/18/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
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2020: A Year of Surprises (Part Two)
We continue our special series with the second of our “Five Biggest Private Capital Surprises of 2020:” Surprise #2: Non-Correlated Trends – Infections, Markets, and the Economy The Global Biological Crisis of 2020 was different from the Global Financial Crisis of 2008 in several ways. Of course, one started with a virus, the other with…
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Chart of the Week: Moving Business
Over the past two decades business cycles have increased the degree of correlation among asset classes.
PDI Picks – 1/18/2021
The co-investment conundrum Investors still say there are factors hindering them from participating in co-investment opportunities. Limited partner appetite for co-investment opportunities has dropped to a three-year low as credit investors hold back from doubling up with fund managers. According to Private Debt Investor’s LP Perspectives 2021 Study, fewer than one in four LPs expect…
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State of the Capital Markets – Fourth Quarter 2020 Review and First Quarter 2021 Outlook
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for First Quarter 2021
The Pulse of Private Equity – 1/11/2021
Growth rounds hit record Download PitchBook’s Report here. US PE growth activity hit a record in 2020 in terms of value, according to the 2020 Annual US PE Breakdown. At $62.5 billion, 2020 just leapfrogged 2018 by the dollar metric, even though volume hit its lowest level since 2013. The 810 transactions had an average deal…
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Private Credit: A Good 2020 Story
December was lost in a fog of masks and Netflix bingeing. But one item that penetrated our consciousness was a superb credit webinar, courtesy Lincoln International. Their data, gleaned from over 1600 portfolio companies, are a strong proxy for private credit behavior: For example, sector performance underlined valuation advantages for less COVID-impacted industries such as […]
Covenant Trends – 1/11/2021
Percentage of Loans with Asset Sale Sweep Step-downs Contact: Steven Miller
Leveraged Loan Insight & Analysis – 1/11/2021
Middle market non-sponsored syndicated volume was up 65% in 4Q20 Non sponsored syndicated loan volume bounced back to total US$19.7bn in 4Q20, the highest quarterly level since 4Q19. In the last couple of years, the non-sponsored middle market had been chugging along, as corporate issuers were cautious about undertaking any expansion plans…. Subscribe to Read
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