TheLeadLeft

PDI Picks – 3/5/2018

Published by on

Distressed fundraising a sign of things to come? PDI in-house data show plenty of distressed and special situations capital to plow into any potential crunch in the credit markets. If recent volatility in stock markets is a harbinger for the credit markets, then alternative asset managers may be in a very good place following a…

Subscribe to Read More
Already a member? Log in here
Markit Recap – 2/26/2018

Published by on

Italy election – markets are sanguine We noted at the end of last year that the coming 12 months would probably be low on political risk, at least in comparison to the election-packed 2017. The one highlight in Europe would be Italy’s general election, unless talks on a Brexit transition unravel spectacularly…. Subscribe to Read

Subscribe to Read More
Already a member? Log in here
Leveraged Loan Insight & Analysis - 2/26/2018

Published by on

LBO leverage levels continue to loosen Debt to EBITDA levels on LBO deals spanning the entire market (including broadly syndicated and institutional middle market loans) are currently averaging 6.3 times when looking on a rolling last four quarter basis. This would make it the highest post-crisis average and second only to 4Q07’s average of 6.5…

Subscribe to Read More
Already a member? Log in here
The Pulse of Private Equity - 2/26/2018

Published by on

A closer look at multiples Download PitchBook’s 2017 Annual US PE Middle Market Report click here. The debt markets have been white hot recently, providing a tailwind for private equity and helping prop up valuations across the middle market. While cheap money has been a plus overall, investors have had to cap their debt commitments…

Subscribe to Read More
Already a member? Log in here
Debtwire Middle-Market – 2/26/2018

Published by on

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…

Subscribe to Read More
Already a member? Log in here