Chart of the Week: On the Rebound
Secondary prices for LPC’s top liquid loans rose almost 2%, as public markets have regained confidence over the past week.
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Private Debt Intelligence – 1/7/2019
Direct Lending Fundraising Dips in 2018 Total private debt fundraising fell in 2018, with 162 funds securing an aggregate $110bn throughout the year. In comparison, in 2017, 186 private debt funds held a final close and raised $129bn. Although direct lending continued to represent the largest bulk of fundraising activity, direct lending fundraising dipped steeply…
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LevFin Insights: High-Yield Bond Statistics – 1/7/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
PDI Picks – 1/7/2019
The mightier they are, the harder they fall Private debt hit a fundraising peak in 2017, which has proved impossible to sustain. It was the year when private debt came of age as an asset class, shattering the previous global aggregate fundraising total as GPs raked in a combined $211 billion according to PDI figures….
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Debtwire Middle-Market – 1/7/2019
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…
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Loan Stats at a Glance – 1/7/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Covenant Trends – 12/31/2018
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA Contact: Steven Miller
Select Deals in the Market – 12/17/2018
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