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Private Debt Intelligence - 12/3/2018

Australia-Based Private Debt Investors Look to Distressed Debt The pace of growth of the Australia’s private debt market has trailed behind other regions, most notably the US and Europe, but it is finally seeing an uptick. After a year-on-year decline in assets from 2013 to 2015, Australia-based assets has seen its private debt industry grow…

Leveraged Loan Insight & Analysis - 11/26/2018

MM sponsored spreads not yet showing impact of leveraged loan volatility Whenever volatility and investor pushback strikes the leveraged loan market, it always takes time for those effects to move down into the less liquid middle market. The average bid on the 100 most liquid loans has been grinding down for most of November, hitting…

Search and Recovery (Last of a series)

As we conclude our special series on leveraged loan recoveries, let’s take a look at one structure that is testing the way credit managers think about loan value. Unitranche financings are so much a part of the middle market buyout landscape today, that it’s hard to imagine a time without them. Yet on the evolutionary…

The Pulse of Private Equity – 11/26/2018

PE carveouts on the rise Download PitchBook’s Report here. Activists, shareholders and corporate boards are all increasingly vocal about focusing on core investments, which often translates into selling off non-core assets. Not every PEG is experienced in carveouts, which are riskier and more challenging than standard buyouts. But for investors who have done them in the…