Covenant Trends – 6/24/2019
Distribution of MFN Maturity Carveout Horizons Contact: Steven Miller
TheLeadLeft
LevFin Insights: High-Yield Bond Statistics – 6/24/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 6/24/2019
Europe Private Debt Over the past ten years, private debt fundraising has grown from $23bn in 2009 to $118bn in 2018. A big proportion of this expansion can be attributed to Europe. Eighty-seven percent of private debt investors believe Western Europe presents the best opportunities in private debt, from which 34% is attributed to the…
Debtwire Middle-Market – 6/24/2019
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…
PDI Picks – 6/24/2019
Distressed debt grows despite mixed feelings from investors Distressed debt fundraising dropped off in 2018, but numbers from the first half of 2019 indicate that investor appetite is turning around. In interviews for PDI’s upcoming cover story that takes a deep dive into distressed debt, many investors said they weren’t interested in the strategy, citing…
Loan Stats at a Glance – 6/24/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Select Deals in the Market – 6/17/2019
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The Pulse of Private Equity – 6/17/2019
Eight consecutive years in the black? Download PitchBook’s Report here. Private equity net cash flows are on pace for an eighth consecutive year in positive territory. Through Q3 2018 (the most recent data available), net cash flows (the difference between contributions and distributions) remained just above $100 billion. One more quarter’s worth of data to sift…