Chart of the Week: Temp to Perm
As the pandemic wears on, workers suffering temporary layoffs have decreased, but permanent job losses are higher.
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Private Credit – Better than Ever
Over the past five months, we’ve examined the impact of COVID-19 on the economy and the markets and interviewed top private equity and investment banking partners on deal making in the U.S. What’s largely lost in media reporting is the dramatic turn in private credit. This asset class emerged from Great Recession to become one […]
The Pulse of Private Equity – 9/7/2020
Will distressed deals see an early comeback? One big, near-term question for private equity will be around distressed companies. Rescues have been made already, while other deals have been done to provide liquidity and strengthen balance sheets. Below the radar, deals have been made with hair salon chains, collegiate study abroad programs and summer sports…
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Leveraged Loan Insight & Analysis – 9/7/2020
Covenant and pricing changes were two most amended provision in 2Q20 US middle market Refinitiv LPC tracked 50 US middle market publicly filed 8K summaries that involved a loan amendment in 2Q20. The most changed provision according to those summaries was to financial covenants, where 48% of the amendments involved a change. Borrowers either received…
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LevFin Insights: High-Yield Bond Statistics – 9/7/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
DL Deals: News & Analysis – 9/7/2020
Non Accruals rise, not spike; Lower middle market BDCs steady at 7.5% BDC non-accruals rose to an average of 5.3% at June 30, up from 4.9% at the end of March, based on a DLD analysis using Refinitiv’s BDC Collateral database. Last quarter’s increase hoisted the average above the historical range of 3% to 5%…
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Covenant Trends – 9/7/2020
Average Unadjusted Leverage for M&A-Driven Loan Deals Contact: Steven Miller
Private Debt Intelligence – 9/7/2020
Fund Managers are committed to ESG Integrating environmental, social, and governance (ESG) factors into the investment process is becoming a usual part of doing business for alternatives fund managers. The amount of capital raised by ESG-committed funds over the last five years has been unceasingly growing…. Subscribe to Read MoreAlready a member? Log in here...
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PDI Picks – 9/7/2020
Less for distress The coronavirus crisis may have been expected to lead to a fundraising surge for troubled companies. But investors are wary of making bad moves. Investors may be convinced of the intellectual case for changing their private credit allocations in reaction to the coronavirus crisis and its huge policy response. However, this crisis…
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