Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield This month’s edition of the Debtwire Middle Market Junction podcast focuses on the mid-cap supermarket space following the recent bankruptcies of Central Grocers and Marsh Supermarkets. Topics covered include a behind the scenes look on what’s affecting smaller grocers, as well…
The share of middle market buyouts leveraged over six times reached all-time high of 40%; large caps over 60%.
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Cyclicality of PE industry coming to bear? View PitchBook’s 2017 Global PE & VC Fund Benchmarking Report: Part II Here From the rhythmic ebb and flow of the tide to the mysterious circadian patterns within each human, the world is governed by cycles. When it comes to private equity investment and fundraising, multiple separate cycles…
Private Debt Investment Consultant Outlook In November 2016, Preqin conducted a survey of 49 alternative investment consultants in order to determine their sentiment on the private debt asset class, and their regional, structural and strategic preferences for the coming year. Investment consultants identified direct lending as the most promising private debt fund type heading into…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
2017 was widely touted to be the year of volatility. The UK government started the fraught process of leaving the EU, while the Dutch and French elections were scheduled with populist far-right parties riding high in the polls. But here we are, in the middle of Q2 and volatility is at rock bottom. The Markit…
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield Each year, the Debtwire Mid-Market European Forum charters the course of the rapidly evolving European mid-market leveraged finance space for the rest of the year. Ongoing competition between traditional and institutional lenders, significant dry powder held by debt funds and banks…
Lender Survey: Compared to the historical average, loan recoveries will be: Many investors have a wish list for rolling back structural deterioration with, not surprising, bringing back covenants with clean historical EBITDA definition meaning capped add-backs and no inclusion of projected results or cost savings at the top of the list. Although a lower spread…