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Private Debt Intelligence - 9/16/2019

Private Debt Investors Challenges in the Next 12 Months Preqin’s latest survey finds that private debt investors remain committed to the asset class, and their overall perception of the industry is positive. Performance has satisfied most investors across the asset class – 88% of them said their investment portfolios had met or exceeded their expectations…

PDI Picks – 9/16/2019

North America ascendant in rat race for capital Many smaller private debt funds may be targeting the continent, but that is at odds with the trend toward more capital in the hands of fewer managers. North America may be rising in private credit fundraising – funds targeting the continent are seeking $116.6 billion. Funds investing…

Leveraged Loan Insight & Analysis - 9/16/2019

Sustainability-linked loan volume dominates Green-ESG pipeline Year to date, over US$83bn in global green and ESG linked loan volume has been announced, almost two times year ago levels. Of this total, over 80% or nearly US$67bn is in the form of sustainability or ESG linked loans. Amid global interdepence and heightened awareness of environmental risks…

And You Thought Cov-Lite Was a Problem

Two years ago we featured on these pages Oumuamua, a comet masquerading as an alien space ship [link]. Last we heard it was heading out of the solar system. Now the Crimean Astrophysics Observatory has detected another interstellar visitor – Borisov, named after its discoverer. About six miles in diameter, this comet has a hyperbolic…

Heads and Tails in the Credit Markets

This week’s commentary – Heads and Tails – was inspired by the discovery of a two headed snake in the Pine Barrens of New Jersey. We’re not sure if this is a good omen or a bad one. But there’s evidence of both in the credit markets today. Public markets remain buoyed by the prospect […]

Debtwire Middle-Market – 9/16/2019

High yield bond issuance spikes in most recent week Source: Debtwire Par High yield bond issuance spiked last week (week ending September 13), with issuance reaching USD 13.4bn from 23 deals in a hectic week for the market. This week is also shaping up to be a busy one, with over USD 5bn set to…