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SPACs are Back! What are They?

Besides COVID, the elections, and what the fifth instalment of the Scream series will be called (it’s not Scream 5), what’s getting the most attention is SPACs, or special purpose acquisition companies. These are publicly traded shells with cash looking to buy businesses. SPACs were originally designed to help smaller companies access public equity. For […]

Debtwire Middle-Market – 11/30/2020

Institutional loan issuance slips in November, new money share increases Source: Debtwire Par Institutional loan issuance dropped off in November, recording just USD 25.4bn this month, down 56% from the October figure. The month got off to a slow start thanks to uncertainty surrounding the US presidential election, registering just USD 5.8bn through 9 November,…

Leveraged Loan Insight & Analysis - 11/30/2020

Pricing widens significantly for borrowing base E&P revolvers in 2020 Lending to the oil and gas upstream sector at US$17.3bn is down 78% so far this year from the total logged in 2019. With most of the lending to this sector coming from banks through reserve-based revolvers, many issuers have seen the availability tighten under…

The Pulse of Private Equity – 11/30/2020

A comeback for first-timers? Now that we’re in December, PitchBook’s annual PE Outlook is around the corner and we’re wading back into prediction mode for the year ahead. One trend we’re keeping a close eye on is first-time fundraising, which, to say the least, hit a snag in 2020. Through late November, 24 first-time funds…

Private Debt Intelligence - 11/30/2020

Investors Plans for Their Allocation to Private Debt by 2025 In August 2020, Preqin ran a survey among investors to know their investment plans towards 2025. Of the private debt investors surveyed, 58% intend to increase allocations to the asset class by 2025, 14% of them plan to increase significantly their allocations…. Subscribe to Read