This week we chat with Ilan Nissan. Mr. Nissan is a senior partner in Goodwin’s internationally recognized private equity and mergers and acquisitions business. His clients include global alternative asset managers including top tier private equity funds, venture funds, venture capital funds, bank holding companies, hedge funds and family offices. In addition to his work…
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 comprises of more…
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA Contact: Steven Miller smiller@covenantreview
Asia-Focused Private Debt Fundraising Picks Up in Q3 2017 Private debt fundraising saw continued momentum in Q3 2017, with 25 funds reaching a final close and securing a total of $20bn in investor commitments. This is largely on par with fundraising activity seen in Q2 when 32 funds closed and raised a little under $20bn….
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Our story last week of the hundred-year old fruitcake captured readers’ attention. Tributes to this underappreciated treat poured into the Lead Left mailbox. “It’s believed there’s only one fruitcake in existence,” one friend wrote. “It gets passed around during the holidays from family to family. Now we all know where it came from.” There’s also…
While middle market cov-lite loans only had a brief run pre-crisis, they’ve been a market feature since 2011.
Less debt today, lower returns tomorrow? Download PitchBook’s 2017 Global PE Deal Multiples Report: III Here According to our just-released 3Q Deal Terms Survey results, average equity contributions have climbed to 57% of EV year-to-date. That’s the highest percentage in our dataset, which includes survey results dating back to 2012. Whenever we release these datapoints, we caution…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com