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Private Debt Intelligence - 7/1/2019

Is Real Estate Debt Expecting a Drop in 2019? Specialized debt providers have started to take on the role of traditional lenders in the real estate sector, changing banks for funds, while creating a new way for investors to gain access across the capital structure. Debt as a real estate strategy has been growing in…

Debtwire Middle-Market – 7/1/2019

Higher rated loans lead margin tightening in 2Q19 Source: Debtwire Par Steady demand for loans from CLOs helped push pricing lower in 2Q19, though margins remained well above year-ago levels. Lenders snapped up higher quality credits and said they were more willing to push back on aggressive deals, given caution around where we are in…

The Pulse of Private Equity – 7/1/2019

Mega-funds aren’t what they used to be Download PitchBook’s Report here. It seems remarkable now, but in 2006, PE mega-funds (of over $5B) had almost ten years of cash on hand to invest at that year’s investment pace. A decade of dry powder is a lot, even for private equity. To see the average drop down…

PDI Picks – 7/1/2019

Infrastructure debt fundraising is falling short Investors say they are interested in the strategy, but few are putting their money where their mouth is. Infrastructure debt fundraising has hit a lull so far in 2019 as the market enters the second half of the year. Infrastructure debt fund managers have only held final closes on…