Loan Stats at a Glance – 11/4/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
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Leveraged Loan Insight & Analysis – 10/28/2019
Total leverage on large corporate US LBO loans remains high in 4Q19, but senior leverage declines At a time when investors have been pushing back on pricing and structure on riskier loans, total leverage on US LBO deals remains high. So far this quarter the average total debt to EBITDA level for large corporate LBO…
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Covenant Trends – 10/28/2019
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals Contact: Steven Miller
The Pulse of Private Equity – 10/28/2019
China-driven M&A isn’t happening this year Download PitchBook’s Report here. North American M&A activity involving Chinese buyers has fallen off a cliff this year. That’s not a complete surprise, but it’s not often you see such swift drop-offs without something alarming going on. According to PitchBook’s just released North American M&A Report, China-driven M&A is on…
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Private Debt Intelligence – 10/28/2019
Private Debt First-Time Funds in 2019 2019 has been a slow fundraising year for private debt – so far this year just 118 funds have been closed, raising an aggregate capital of $81bn. Fund managers are finding difficult to attract investors and the private debt market remains crowded – there are currently 427 funds seeking…
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PDI Picks – 10/28/2019
Distressed debt fundraising figures no longer distressing Despite subpar returns from many such funds, the strategy continues to attract LP dollars. Distressed debt has continued its strong fundraising, with a total of $39.44 billion, or 35 percent, of the $112.69 billion that private credit funds have raised through the first three quarters of the year,…
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LevFin Insights: High-Yield Bond Statistics – 10/28/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com