LevFin Insights: High-Yield Bond Statistics – 7/9/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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PDI Picks – 7/9/2018
Private debt keeps it global Managers with the capability to deploy capital around the globe are rounding up more capital than those focused on a specific geographic area. Private debt has had global ambitions in 2018; multi-regional funds locked down the plurality of capital so far this year, with credit managers raising $30.37 billion for…
Lead Left Interview – Jessica Reiss and Kerry Kantin
This week we chat with Jessica Reiss, the head of leveraged loan research at Covenant Review. Also joining the conversation is Kerry Kantin, a managing director covering leveraged loans at sister company LevFin Insights. Begun in 2006, Covenant Review is the world’s first boutique research firm focused on bond and loan covenants. LevFin Insights provides…
Half-Time Report (Second of a Series)
“July 4th is the worst holiday,” one of our friends declared as our families sat watching the jaw-dropping fireworks display last Wednesday evening in Newport, RI. Huh? “Think about it,” he explained. “Now the summer will zoom by. Kids back in school last week of August. Then Labor Day. A month later, Halloween. Before you…
Debtwire Middle-Market – 7/9/2018
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…
Chart of the Week: Flex Appeal
June saw the highest number of upward price flexes in the overall leveraged loan market in the past twelve months.
Select Deals in the Market – 7/9/2018
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Private Debt Intelligence – 7/9/2018
Private Debt: Distressed Debt Dominates Q2 2018 In Q2 2018, 22 private debt funds held a final close, securing a total of $25bn in capital. Although this marks a significant decrease from the 33 private debt vehicles which held a final closure in Q1 2018, Q2 saw an increase of over $5.0bn in capital raised….
Loan Stats at a Glance – 7/9/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com