Covenant Trends – 1/21/2019
Distribution of MFN Sunset Horizons Contact: Steven Miller
TheLeadLeft
LevFin Insights: High-Yield Bond Statistics – 1/21/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Loan Stats at a Glance – 1/21/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Private Debt Intelligence – 1/21/2019
Asia-Focused Private Debt Fundraising Falters 2018 proved to be another strong year for private debt fundraising, with the year seeing 163 funds holding a final close and securing an aggregate $110bn in capital. North America continued to represent the largest portion of the industry: 91 North America-focused vehicles raised a total of $68bn…. Login to
Debtwire Middle-Market – 1/21/2019
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…
The Pulse of Private Equity – 1/14/2019
Drawdown speeds and fund returns Download PitchBook’s Report here. US PE fundraising trended down in 2018. No surprise there—more than $200 billion was cumulatively raised in both 2016 and 2017, totaling nearly $442 billion altogether in the span of two years. As we’ve noted in the past, the current fundraising market bears a hint of opportunism,…
Select Deals in the Market – 1/14/2019
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Leveraged Loan Insight & Analysis – 1/14/2019
Non-sponsored middle market lending increased to US$102bn but new money collapsed The non-sponsored market continued to tread along in 2018. Issuance was up for the second year in a row to US$102.3bn, but that was still far from 2014’s record and was driven by increased refi activity. Refinancing volume of US$81.3bn, was up 36% from…
