Chart of the Week: Annual Raise
2018 saw another increase in sponsored M&A volume in the middle market; up 12% from 2017.
TheLeadLeft
Debtwire Middle-Market – 1/14/2019
Leveraged loans rally along with HY bonds and equities Source: Debtwire Par, Markit, ICE Leveraged loans are off to a good start in 2019, with secondary market prices rallying, after taking a hit in the latter part of 2018. Loans have followed the gains in high yield bonds and equities, where risk aversion has eased…
Private Debt Intelligence – 1/14/2019
Overview of Private Debt Fundraising in 2018 Private debt fundraising remained strong in 2018, making it the fourth consecutive year in which funds raised over $100bn. In 2018, 162 funds were able to secure an aggregate $110bn in capital. While this was slightly lower than the $129bn in capital raised in 2017, 2018 nonetheless represented…
Loan Stats at a Glance – 1/14/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Markit Recap – 1/7/2019
2018 ended on a sour note and spreads looked set to continue their ascent throughout this year and beyond. But here we are, a little over a week into 2019, and the Markit iTraxx Europe is 10bps tighter than Dec 31 levels. A bumper non-farm payrolls report, a more dovish stance from the Federal Reserve,…
Leveraged Loan Insight & Analysis – 1/7/2019
2018 US M&A loan volume sets new record at over US$648Bn At over US$648bn, US syndicated M&A loan volume set a new record in 2018, topping 2017’s high of US$537bn. The strong results were spread across market segments as corporate issuers looked to augment organic growth with strategic acquisitions and private equity sponsors aggressively looked…
Covenant Trends – 1/7/2019
Distribution of MFN Maturity Carveout Horizons Contact: Steven Miller
The Pulse of Private Equity – 1/7/2019
2018: Almost a record Download PitchBook’s Report here. Thanks to a massive Q4 to close out the year, 2018 came close to setting a new record for combined deal value. About $277 billion was invested in Q4, versus a relatively paltry $198 billion invested in Q3 2018. Fourth quarters typically see the highest numbers in any…
