Chart of the Week: Sector Spots
Healthcare rounded out the top five industries for most middle market non-sponsored loan issuance for the first quarter.
TheLeadLeft
Private Debt Intelligence – 4/9/2018
Private Debt: Slowdown in Q1 2018 The private debt industry had a banner year in 2017 in which 156 funds held a final close securing a record $115bn. This marked a significant increase from the previous record in 2015 when 178 funds raised a little over $100bn in capital. 2017 was also the only year…
Already a member? Log in here
Loan Stats at a Glance – 4/9/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 4/9/2018
Middle market loan issuance falls off in 1Q18 to US$32.2bn After heating up in 4Q17 to US$44.1bn, middle market lending flopped in 1Q18. Syndicated middle market issuance of US$32.2bn fell 27% and 16% from 4Q17 and 1Q17 levels, respectively. A light flow of new money activity was felt in both the sponsored and non-sponsored market…
Already a member? Log in here
PDI Picks – 4/9/2018
No one ever got fired for buying IBM Investors appear to be adopting a ‘safety first’ approach as a decreasing number of managers benefit from continuing appetite for private debt. Excuse the rudimentary math, but if you take the total number of managers which closed private debt funds in the first quarter (28) and multiply…
Already a member? Log in here
Select Deals in the Market – 4/2/2018
☞ Click for a larger image.
Leveraged Loan Insight & Analysis – 4/2/2018
1Q18 Global loan volume down 15% y-o-y; Decline felt across regions 1Q18 global loan volume tumbled 15% year over year to log less than US$924bn during the first three months of the year. No region was spared a more limited pipeline of deals. The Americas observed an 11% drop in regional issuance with less than…
Already a member? Log in here
The Pulse of Private Equity – 4/2/2018
PE performance update Download PitchBook’s Report click here. The run-up in public market valuations and its impact on PE has been discussed ad nauseum. Much of that impact has been negative, especially around multiples and a lack of suitable entry prices. PE’s strong suit has historically been the turnaround play—buy low, get your hands dirty,…
Already a member? Log in here
Covenant Trends – 4/2/2018
Percentage of Deals with 75+ bps MFN Contact: Steven Miller