“As goes COVID-19, so goes the nation.” Paraphrasing the famous 1950’s dictum on General Motors’ relationship to the welfare of America highlights how the coronavirus has hijacked all aspects of the economy. There’s consensus that once the disease runs its course, commercial activity will come back. It’s also agreed that between now and then GDP…
US jobless claims totaled 10 million in two weeks; it took six months to hit those levels during the Great Recession.
The impact of COVID-19 on capital calls, distributions, and net cash flows A Preqin-FRG forecasting model shows that capital calls will surge in 2021 as the global economy rebounds. Focused on 2017-2019 vintage private capital funds, the model suggests that, as a result of COVID-19, and assuming the global economy undergoes a significant but brief…
Fundraising in the time of coronavirus Private debt funds are finding it tough to raise capital, but this was true before the virus struck. In the face of the coronavirus pandemic and the enormous disruption it has produced in its wake, little surprise that private debt fundraising appears to be in decline…. Subscribe to Read
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Hopes for building 2020 loan mart are shortlived as Covid-19 spreads Several headlines have rattled the markets over the last few years – some were fuelled by geopolitical unrest, some by enonomic bumps and occasionally tweets – but the impact on the markets themselves was consistently shortlived. It ultimately took a deadly and aggressively spreading…
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…
When buyout funds face a crisis Download PitchBook’s Report here. The Financial Crisis of 2008 was a manmade one, which gave us a degree of confidence that strict regulatory changes could prevent a sequel. The current crisis arose from nature itself, which is quite a bit harder to regulate. The impact of this crisis is changing…
