2017 US Syndicated loan volume tops US$2.5Tr to set new record Despite the din of geopolitical noise in the background, 2017 was a remarkably steady year in the loan market, punctuated by an especially strong finish in the last few weeks of 4Q17. At US$2.5Tr, full year 2017 US syndicated loan volume was up 26%…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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…
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Another year, another fruitcake article. This one from last Thursday’s WSJ. Long-distance hikers are the latest consumer market niche to fall for the oft-abused holiday fare. “Better than energy bars,” one new fan enthused. “We’re just burned out on gorp,” explained another. No less a personage than Appalachian trail guru, Edward Garvey, gave the fruit-and-nut…
A Fed fund forecast of 2.1% by year end is well below historic levels, not to mention the 5.25% achieved in June 2006.
This week we continue our conversation with Derek Gluckman, a vice president and senior covenant officer at Moody’s. Derek is responsible for research on the Covenants team. He’s been at Moody’s since 2015. Prior to that he was a corporate attorney at Orrick, Herrington & Sutcliffe. Second of two parts – View part one. The Lead…
Private Debt Fundraising in 2017 by Fund Type 2017 was a record year for private debt fundraising, as 126 vehicles secured a total of $98bn in capital. In comparison, 2016 saw 164 vehicles reach a final close, raising $99bn in capital. Preqin expects the 2017 figures to rise up to 10% as more information becomes…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Contact: Timothy Stubbs timothy.stubbs@spglobal.com