LevFin Insights: High-Yield Bond Statistics – 11/5/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Debtwire Middle-Market – 11/5/2018
Loan issuance shifts towards the riskier end of market Source: Debtwire Par The ratings profile of institutional loans has shifted more towards the riskier end of the market this year as the appetite for lower rated paper has remained strong for the most part. The B rating category has proved to be the most popular,…
Search and Recovery (Second of a series)
News reached us from Harvard’s Astrophysics Center of an interstellar object of unknown origin spotted passing through our solar system. Named Oumuamua (Hawaiian for “scout”), the cigar-shaped “stadium-size” UFO demonstrated “excess acceleration” on its trek past the Sun and back out into space. Given the unusual trajectory, scientists theorized it could be “a fully operational…
Chart of the Week: Tranche Dressing
Data suggests that loan recoveries are both facility and structure dependant.
The Pulse of Private Equity – 11/5/2018
The chart that never goes down Download PitchBook’s Report here. Between 2004 and 2008—considered by many to be the boom days of private equity—PE’s combined company inventory climbed 74% in the United States. Over the span of five years, in other words, the number of companies under PE control came fairly close to doubling. That was…
Private Debt Intelligence – 11/5/2018
What Does the Future Hold for Private Debt? As it launches its Future of Alternatives report, Preqin has polled fund managers and investors to calculate predictions for the future of the industry in the next five years. The alternative assets industry is set to expand across all asset classes, with the private debt market set…
Loan Stats at a Glance – 11/5/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 10/29/2018
Downward price flexes increase for third consecutive month Despite the volatility in the equity markets and a recent softening in loan trading levels, the demand for institutional loans in the primary market was at full throttle in October. Investor appetite was evident in price flex activity. In October, there were 23 downward price revisions on…
PE Investors: What is the most important criteria when choosing your financing partners?
Compare to a similar question we asked direct lenders last week…
The Pulse of Private Equity – 10/29/2018
Can today’s multiples withstand a downturn? Download PitchBook’s Report here. Middle-market purchase price multiples have nearly doubled since 2009. To be sure, most metrics and indicators have bounced back substantially from the crisis, and private equity is no exception. PE valuations have risen moderately from year to year, sometimes in fits and starts, and now stand…