LevFin Insights: High-Yield Bond Statistics – 10/12/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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State of the Capital Markets – Third Quarter 2020 Review and Fourth Quarter 2020 Outlook
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for Fourth Quarter 2020
Private Credit: Outlook for 2021
“If you liked private credit before, you’ll really like it now.” That’s the way one practioner neatly summed up how investors should be thinking about the asset class in a COVD environment. The trends supporting that thesis this year should continue well into 2021. A sizzling economy doesn’t really help credit. No worry there. Unemployment […]
Private Debt Intelligence – 10/12/2020
Direct Lending and mezzanine strategies gathered most of the capital in Q3 2020 In Q3 2020, private debt fund managers were able to secure $8.4bn by 20 funds closed. What fund types stood out? Direct lending and mezzanine strategies secured the bulk of capital, raising $3.8bn and $2.6bn respectively…. Subscribe to Read MoreAlready a member?
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Covenant Trends – 10/12/2020
Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) Contact: Steven Miller
PDI Picks – 10/12/2020
What to make of direct lenders’ prospects? Direct lending has enjoyed years of tailwinds – now it must confront the headwinds. Direct lending has experienced enormous growth since the global financial crisis (see chart showing fundraising for various direct lending-relevant strategies), filling a gap that retrenching banks left behind…. Subscribe to Read MoreAlready a member?
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Loan Stats at a Glance – 10/12/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Private Credit: Should investors be worried?
With all the distractions of the moment, it’s hard to remember that US GDP dropped 33% in the second quarter – the sharpest decline in history. It looks, though, like the third quarter is poised for one of the biggest economic rebounds, with estimates around 30%, depending on the impact of stimulus programs that have […]
Leveraged Loan Insight & Analysis – 10/5/2020
1-3Q20 Leveraged volume up 6% y-o-y; Asset mix skews toward HY bond issuance US Leveraged borrowers pushed nearly US$839bn of issuance through the market during the first nine months of 2020, a 6% increase over the same time last year. Although the totals did not shift dramatically year over, the mix of loans and bonds…
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