In the spirit of the season, workers unwrapping the Christmas tree at NYC’s Rockefeller Center last month found a little present. The 75-foot high Norway spruce trucked from Oneanta, NY was sheltering what appeared to be a baby owl. The unusual stowaway turned out to be an adult northern sawhet, one of the smallest species….
SPAC related IPOs are showing higher float rotation on the dates deals are announced.
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
The Rise of ESG in Private Debt Although private equity funds continue to dominate the ESG opportunity set, private debt has found its way to embrace ESG. Since 2011, 450 funds have come to market and $346bn has been raised – but 2020 has been a big year for the asset class…. Subscribe to Read
There may be trouble ahead Investors have taken comfort from private debt’s response to the crisis, but economic turmoil still lies in wait. There are certainly some very different views in the market as to how quickly the next wave of distressed opportunity is likely to materialise. As we have reported previously in Lead Left,…
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…
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
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 […]
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,…