Grading our predictions, part 3 Download PitchBook’s Report here. The past couple weeks we’ve been covering some of the PE predictions we made last year. We’ll be doing a much deeper dive on our upcoming free webinar, co-hosted with ACG. Here’s the registration link, and mark your calendars for December 17th if you’d like to join.Yours…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
Top 100 Private Debt Fund Managers The private debt industry has been unceasingly growing over the last ten years, holding more than $786bn in assets as of March 2019, almost three times bigger as in December 2009 when there were $267.3bn in AUM. The 100 largest private debt fund managers have had a major role…
Direct lending reigns supreme despite risks A plurality of LPs plan on committing more to the strategy than any other credit product, our annual investor poll found. More covenant headroom, wider credit spreads and a mountain of capital: that’s how LPs view not just for the upper mid-market or the broadly syndicated market, but all…
The number of private debt funds closed through June 30 was significantly off last year’s pace.
As a long-term observer of (and participant in) the credit markets, we’ve learned the most interesting times are not when things are going swimmingly for issuers or investors. Life becomes intriguing at the inflection points, when established trends begin to shift. These moments are often apparent only in hindsight. The Great Recession, for example, ended…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
“Where to draw the line is also key as we examine #SeniorStretch and #unitranche loans. Besides leverage and loan-to-value, yield is helpful in identifying these financings. Unitranche is a one-stop solution blending senior and junior tranches into one. With more than thirty unitranche suppliers out there, leverage and pricing reflect competition among those firms, rather […]