Covenant Trends – 9/16/2019
Minimum General Purpose Debt Capacity for M&A-Driven Loan Deals Contact: Steven Miller
Minimum General Purpose Debt Capacity for M&A-Driven Loan Deals Contact: Steven Miller
Private Debt Investors Challenges in the Next 12 Months Preqin’s latest survey finds that private debt investors remain committed to the asset class, and their overall perception of the industry is positive. Performance has satisfied most investors across the asset class – 88% of them said their investment portfolios had met or exceeded their expectations…
North America ascendant in rat race for capital Many smaller private debt funds may be targeting the continent, but that is at odds with the trend toward more capital in the hands of fewer managers. North America may be rising in private credit fundraising – funds targeting the continent are seeking $116.6 billion. Funds investing…
Sustainability-linked loan volume dominates Green-ESG pipeline Year to date, over US$83bn in global green and ESG linked loan volume has been announced, almost two times year ago levels. Of this total, over 80% or nearly US$67bn is in the form of sustainability or ESG linked loans. Amid global interdepence and heightened awareness of environmental risks…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Two years ago we featured on these pages Oumuamua, a comet masquerading as an alien space ship [link]. Last we heard it was heading out of the solar system. Now the Crimean Astrophysics Observatory has detected another interstellar visitor – Borisov, named after its discoverer. About six miles in diameter, this comet has a hyperbolic…
Since July’s Fed’s rate cut, non-disappointing economic data has boosted Treasury yields.