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PDI Picks – 10/21/2019
Multi-regional funds hold their own in chase for capital In 2019, so far, capital pools investing in more than one global region have raised more than in 2018. Multi-regional funds – those investing across more than one geographic area – have made a comeback this year, or at least risen back in line to prior…
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Covenant Trends – 10/21/2019
Credit Stats by Sector (LTM) Contact: Steven Miller
Private Debt Intelligence – 10/21/2019
Private Debt Performance Slows as AUM Grows Returns for the private debt asset class as a whole have slowed over the past year, with distressed debt and direct lending funds contributing most to this slump. Over the one-, three- and five-year horizons, mezzanine funds have performed the strongest of the debt strategies, posting an annualized…
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LevFin Insights: High-Yield Bond Statistics – 10/21/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Deal, No Deal (Second of a Series)
Last week we took on the question of deal flow. How does the backdrop of M&A activity relate to the volume of reported sponsored debt financings? This week, we took to the road in search of answers. At the SuperReturn Private Credit conference in Chicago, we chaired the first day of panels, so had a…
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Chart of the Week: Off the Peak
Valuations have trended up over the past decade, but the number of M&A transactions has slowed.
Debtwire Middle-Market – 10/21/2019
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…
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Loan Stats at a Glance – 10/21/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com