Chart of the Week: Poised for a Rebound?
Since the early 1800’s, tariff’s share of US government revenues has shrunk dramatically. Source: The Cato Institute
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KBRA Direct Lending Deals: News & Analysis – 5/12/2025
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Covenant Trends – 5/12/2025
Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
The Pulse of Private Equity – 5/12/2025
Global private debt dry powder ($B) Download PitchBook’s Report here. Halfway through 2024, private debt dry powder sat at $566.8 billion—a new high—and is on track for its second consecutive year of growth…. Subscribe to Read MoreAlready a member? Log in here...
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LevFin Insights: High-Yield Bond Statistics – 5/12/2025
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Letter from Down Under (Second of Two Parts)
As the Australian market has matured, it has geared a variety of private credit products to different investor types. These embrace institutions, family offices, high-net-worth, and ultra-high-net-worth individuals. And as the asset class has become more sophisticated globally, investment structures were developed to meet the diverse needs and requirements of LPs. In that regard, private […]
Bloomberg: Leveraged Lending Insights – 5/5/2025
US Leveraged Loans Post Consecutive Monthly Losses Click here to access Bloomberg’s US Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN), a measure of the US institutional, broadly syndicated, leveraged loan market, continued its downward trend in April…. Subscribe to Read MoreAlready a member? Log in here...
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Middle Market & Private Credit – 5/5/2025
Slower Growth and Competitive Underwriting to Pressure Asset Quality for U.S. BDCs Click here to learn more. U.S. business development companies (BDCs) are facing mounting pressure in 2025 as escalating trade tensions and broader economic uncertainty compound existing credit headwinds…. Subscribe to Read MoreAlready a member? Log in here...
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KBRA Direct Lending Deals: News & Analysis – 5/5/2025
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Leveraged Loan Insight & Analysis – 5/5/2025
Private credit offers issuers some certainty during uncertain times, although comes with a cost No matter which market borrowers opted to tap, financing conditions seemed more than accommodating as we approached the second quarter…. Subscribe to Read MoreAlready a member? Log in here...
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