TheLeadLeft
PDI Picks – 12/16/2019
Despite conventional wisdom, investors want more GPs The biggest question isn’t around whether LPs want more GP relationships. The question is, is this good for first-time managers? In a data set that could be rather friendly to first-time managers, almost five times as many investors want to increase the number of GPs they work with…
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LevFin Insights: High-Yield Bond Statistics – 12/16/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Covenant Trends – 12/16/2019
Distribution of MFN Maturity Carveout Horizons Contact: Steven Miller
Loan Stats at a Glance – 12/16/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
“The Best Place to Be” (Last of a Series)
The name George Laurer may not be familiar to our readers. But his invention certainly is. Mr. Laurer, who passed away two weeks ago at the age of 94, created the bar code. The UPC is now a universal feature of consumer products, but prior to its adoption in 1974, cashiers had to manually input…
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Chart of the Week: Buyout Binge
Purchase price multiples for all leveraged buyouts have steadily risen since the Great Recession.
Leveraged Loan Insight & Analysis – 12/9/2019
US secondary loan bids get a boost from improved single-B sentiment Average bids in the US secondary loan market have been on the upswing of late. The LPC 100, Refinitiv LPC’s cohort of the 100 largest and most liquid loans, closed Monday bid at 98.02, its highest level since August 2. The LPC 100 was…
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The Pulse of Private Equity – 12/9/2019
Middle market firms rarely target the public market Download PitchBook’s Report here. Middle market investors aren’t known for prolific take-private activity, but the percentages are surprisingly low. For the past two years, middle-market take-privates have accounted for less than 2% of all middle market activity. 2% is pretty skimpy. Dating back to 2014, MM buyouts have…
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