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Select Deals in the Market – 6/17/2019
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The Pulse of Private Equity – 6/17/2019
Eight consecutive years in the black? Download PitchBook’s Report here. Private equity net cash flows are on pace for an eighth consecutive year in positive territory. Through Q3 2018 (the most recent data available), net cash flows (the difference between contributions and distributions) remained just above $100 billion. One more quarter’s worth of data to sift…
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Leveraged Loan Insight & Analysis – 6/17/2019
US CLO distribution of defaulted loans by sector In May, the top sectors of defaulted loans held within active CLOs on a volume basis were Healthcare, Telecommunications and Technology. One-hundred and thirty-two CLOs currently hold defaulted Healthcare debt, 163 CLOs hold defaulted Telecom debt and 83 CLOs hold defaulted debt in Technology…. Subscribe to Read
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Covenant Trends – 6/17/2019
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Middle Market Deal Terms at a Glance – June 2019
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Private Debt Intelligence – 6/17/2019
North America-Focused Private Debt The private debt market has grown rapidly in recent years, and North America and Europe account for the majority of that expansion. Based on the latest Preqin Investor Outlook report, 68% of investors believe the US presents the most favourable opportunities in private debt in 2019…. Subscribe to Read MoreAlready a
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LevFin Insights: High-Yield Bond Statistics – 6/17/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Chart of the Week: Face Time
The share of financings with a covenant requiring a management meeting rose last year.