Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
Investors Swift Their Allocation to Private Debt The way in which private debt investors allocate is changing. The COVID-19 pandemic has made it challenging for investors to form new relationships and they might have chosen to invest with already known fund managers…. Subscribe to Read MoreAlready a member? Log in here...
Private debt’s next frontier Asia-Pacific has many attributes which should make investors sit up and take notice. In our recently published Asia-Pacific Report, PDI examined prospects for private debt in the region. As can be seen from the chart above, fundraising has held up well even amid the turbulence of 2020. So what is driving…
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Cross-border acquisitions have slowed dramatically Download PitchBook’s Report here. M&A activity is expected to increase in the quarters ahead, but one trend that may need more time to recover is cross-border M&A. PitchBook’s latest M&A numbers show a steep decline in in-bound M&A deals for North American companies. Thus far, only 526 in-bound M&A deals have…
We were sad to hear of Coca-Cola’s decision last week to discontinue Tab by year end. Launched in 1963 Tab was a pop culture icon, appearing in Back to the Future and Ghostbusters. But competition from Diet Coke spelled its demise. It takes superior management to keep brands vital. Remember Scooter Pies, Quisp, or FudgeTown […]
New money loan assets make up 60% of 4Q20 leveraged volume to date 4Q20 US Leveraged loan volume was tracked at $39.8bn through October 22nd, up 8% compared to the $36.9bn raised during the same time last year. Of this total, $24bn or 60% of quarterly issuance thus far represents new loan assets while the…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com